Globalstar Inc (AMEX: GSAT)’s stock price has gone decline by -4.76 in comparison to its previous close of 1.89, however, the company has experienced a -9.09% decrease in its stock price over the last five trading days. marketbeat.com reported 2024-11-11 that Globalstar NYSEAMERICAN: GSAT is a stock that had fallen by the wayside for many investors throughout 2024, until recently. Shares were down 45% through the end of October.
Is It Worth Investing in Globalstar Inc (AMEX: GSAT) Right Now?
The stock has a 36-month beta value of 1.03. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for GSAT is 749.11M, and at present, short sellers hold a 3.32% of that float. On November 18, 2024, the average trading volume of GSAT was 13.70M shares.
GSAT’s Market Performance
The stock of Globalstar Inc (GSAT) has seen a -9.09% decrease in the past week, with a 48.76% rise in the past month, and a 35.34% gain in the past quarter. The volatility ratio for the week is 10.68%, and the volatility levels for the past 30 days are at 10.21% for GSAT. The simple moving average for the last 20 days is 21.33% for GSAT’s stock, with a simple moving average of 38.46% for the last 200 days.
Analysts’ Opinion of GSAT
Many brokerage firms have already submitted their reports for GSAT stocks, with Imperial Capital repeating the rating for GSAT by listing it as a “Outperform.” The predicted price for GSAT in the upcoming period, according to Imperial Capital is $7.79 based on the research report published on August 04, 2023 of the previous year 2023.
Morgan Stanley, on the other hand, stated in their research note that they expect to see GSAT reach a price target of $0.97, previously predicting the price at $1.75. The rating they have provided for GSAT stocks is “Equal-Weight” according to the report published on May 03rd, 2023.
Craig Hallum gave a rating of “Buy” to GSAT, setting the target price at $5 in the report published on October 31st of the previous year.
GSAT Trading at 36.92% from the 50-Day Moving Average
After a stumble in the market that brought GSAT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -15.49% of loss for the given period.
Volatility was left at 10.21%, however, over the last 30 days, the volatility rate increased by 10.68%, as shares surge +50.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +44.00% upper at present.
During the last 5 trading sessions, GSAT fell by -9.09%, which changed the moving average for the period of 200-days by +7.14% in comparison to the 20-day moving average, which settled at $1.4835. In addition, Globalstar Inc saw -7.22% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GSAT starting from Taylor Timothy Evan, who sale 395,000 shares at the price of $1.22 back on Sep 11 ’24. After this action, Taylor Timothy Evan now owns 10,278,649 shares of Globalstar Inc, valued at $482,097 using the latest closing price.
Taylor Timothy Evan, the VP, Finance & Operations of Globalstar Inc, sale 395,000 shares at $1.18 during a trade that took place back on Sep 12 ’24, which means that Taylor Timothy Evan is holding 9,883,649 shares at $465,587 based on the most recent closing price.
Stock Fundamentals for GSAT
Current profitability levels for the company are sitting at:
- -0.03 for the present operating margin
- 0.48 for the gross margin
The net margin for Globalstar Inc stands at -0.13. The total capital return value is set at -0.01. Equity return is now at value -7.21, with -3.07 for asset returns.
Based on Globalstar Inc (GSAT), the company’s capital structure generated 0.5 points at debt to capital in total, while cash flow to debt ratio is standing at 0.26. The debt to equity ratio resting at 1.0. The interest coverage ratio of the stock is -0.73.
Currently, EBITDA for the company is 91.29 million with net debt to EBITDA at 4.47. When we switch over and look at the enterprise to sales, we see a ratio of 15.64. The receivables turnover for the company is 5.62for trailing twelve months and the total asset turnover is 0.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.09.
Conclusion
To sum up, Globalstar Inc (GSAT) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
