Globalstar Inc. (AMEX: GSAT) is 254.40% higher on its value in year-to-date trading and has touched a low of $0.27 and a high of $2.98 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GSAT stock was last observed hovering at around $1.31 in the last trading session, with the day’s loss setting it -0.11% off its average median price target of $0.55 for the next 12 months. It is also -118.18% off the consensus price target high of $0.55 offered by 1 analysts, but current levels are -118.18% lower than the price target low of $0.55 for the same period.
Currently trading at $1.20, the stock is -21.93% and -21.80% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 15.42 million and changing -8.40% at the moment leaves the stock 87.02% off its SMA200. GSAT registered 252.94% gain for a year compared to 6-month gain of 294.35%. The firm has a 50-day simple moving average (SMA 50) of $1.7462 and a 200-day simple moving average (SMA200) of $0.7772.
The stock witnessed a -32.20% loss in the last 1 month and extending the period to 3 months gives it a 216.62%, and is -22.58% down 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 11.59% over the week and 12.34% over the month.
Globalstar Inc. (GSAT) has around 346 employees, a market worth around $2.14B and $128.50M in sales. Profit margin for the company is -85.30%. Distance from 52-week low is 344.44% and -59.73% 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 4.00, 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 05/06/2021 and quarterly earnings per share for the current quarter are estimated at -$0.02.The EPS is expected to shrink by -821.00% this year, but quarterly earnings will post -1.50% year-over-year.
Globalstar Inc. (GSAT) Top Institutional Holders
128 institutions hold shares in Globalstar Inc. (GSAT), with 1.07B 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 606.86M with Short Float at 7.05%. Institutions hold 19.66% of the Float.
The top institutional shareholder in the company is Mudrick Capital Management, L.P. with over 99.91 million shares valued at $33.83 million. The investor’s holdings represent 5.95% of the GSAT Shares outstanding. As of Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 50.72 million shares valued at $17.17 million to account for 3.02% of the shares outstanding. The other top investors are Steelhead Partners, LLC which holds 24.94 million shares representing 1.49% and valued at over $8.45 million, while Beck, Mack & Oliver holds 1.22% of the shares totaling 20.4 million with a market value of $6.91 million.
Globalstar Inc. (GSAT) Insider Activity
A total of 39 insider transactions have happened at Globalstar Inc. (GSAT) in the last six months, with sales accounting for 18 and purchases happening 21 times.
Globalstar Inc. (GSAT): Who are the competitors?
The company’s main competitors (and peers) include Loral Space & Communications Inc. (LORL) that is trading 206.33% up over the past 12 months. ORBCOMM Inc. (ORBC) is 221.88% up on the 1-year trading charts. Short interest in the company’s stock has fallen -21.64% from the last report on Feb 11, 2021 to stand at a total of 52.06 million short shares sold with a short interest ratio of 1.25.