Globalstar Inc. (AMEX: GSAT) is 207.15% higher on its value in year-to-date trading and has touched a low of $0.23 and a high of $1.48 in the current 52-week trading range. The GSAT stock was last observed hovering at around $1.24 in the last trading session, with the day’s loss setting it -0.2% off its average median price target of $0.55 for the next 12 months. It is also -89.09% off the consensus price target high of $0.55 offered by 1 analysts, but current levels are -89.09% lower than the price target low of $0.55 for the same period.
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Currently trading at $1.04, the stock is 69.47% and 136.07% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 85.59 million and changing -16.13% at the moment leaves the stock 192.57% off its SMA200. GSAT registered 113.33% gain for a year compared to 6-month gain of 192.96%. The firm has a 50-day simple moving average (SMA 50) of $0.5297 and a 200-day simple moving average (SMA200) of $0.3761.
The stock witnessed a 188.97% loss in the last 1 month and extending the period to 3 months gives it a 239.87%, and is 11.83% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 23.12% over the week and 19.00% over the month.
Globalstar Inc. (GSAT) has around 336 employees, a market worth around $2.07B and $127.20M in sales. Profit margin for the company is -98.80%. Distance from 52-week low is 351.78% and -29.73% from its 52-week high. The company has generated returns on investments over the last 12 months (-7.40%).
Globalstar Inc. (GSAT) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Globalstar Inc. (GSAT) is a “Sell”. 1 analysts offering their recommendations for the stock have an average rating of 3.00, where 0 rate it as a Hold and 0 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Globalstar Inc. is expected to release its quarterly report on 05/13/2021 and quarterly earnings per share for the current quarter are estimated at $0.The EPS is expected to grow by 280.50% this year, but quarterly earnings will post -2.50% year-over-year.
Globalstar Inc. (GSAT) Top Institutional Holders
128 institutions hold shares in Globalstar Inc. (GSAT), with 1.06B shares held by insiders accounting for 63.62% while institutional investors hold 54.03% of the company’s shares. The shares outstanding are 1.67B, and float is at 606.87M with Short Float at 3.99%. Institutions hold 19.66% of the Float.
The top institutional shareholder in the company is Mudrick Capital Management, L.P. with over 99.92 million shares valued at $30.66 million. The investor’s holdings represent 5.98% of the GSAT Shares outstanding. As of Sep 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 50.23 million shares valued at $15.41 million to account for 3.01% of the shares outstanding. The other top investors are Steelhead Partners, LLC which holds 25.44 million shares representing 1.52% and valued at over $7.81 million, while Beck, Mack & Oliver holds 1.19% of the shares totaling 19.92 million with a market value of $6.11 million.
Globalstar Inc. (GSAT) Insider Activity
A total of 30 insider transactions have happened at Globalstar Inc. (GSAT) in the last six months, with sales accounting for 14 and purchases happening 16 times.
Globalstar Inc. (GSAT): Who are the competitors?
The company’s main competitors (and peers) include Loral Space & Communications Inc. (LORL) that is trading 12.58% up over the past 12 months. ORBCOMM Inc. (ORBC) is 124.16% up on the 1-year trading charts. Short interest in the company’s stock has fallen -2.94% from the last report on Nov 29, 2020 to stand at a total of 24.9 million short shares sold with a short interest ratio of 9.32.