At the time of writing, Globalstar Inc. [GSAT] stock is trading at $1.30, down -2.26%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The GSAT shares have lost -1.52% over the last week, with a monthly amount drifted -7.80%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Globalstar Inc. [AMEX: GSAT] stock has seen the most recent analyst activity on August 04, 2023, when Imperial Capital initiated its Outperform rating and assigned the stock a price target of $7.79. Previously, Morgan Stanley upgraded its rating to Equal-Weight on May 03, 2023, and dropped its price target to $0.97. On October 31, 2022, Craig Hallum initiated with a Buy rating and assigned a price target of $5 on the stock. B. Riley Securities started tracking the stock assigning a Buy rating and suggested a price target of $3.25 on June 21, 2021. Morgan Stanley downgraded its rating to a Underweight. Chardan Capital Markets downgraded its rating to Neutral for this stock on August 09, 2018. In a note dated February 24, 2017, Chardan Capital Markets upgraded an Buy rating on this stock but restated the target price of $2.50.
For the past year, the stock price of Globalstar Inc. fluctuated between $0.85 and $2.13. Globalstar Inc. [AMEX: GSAT] shares were valued at $1.30 at the most recent close of the market.
Analyzing the GSAT fundamentals
According to Globalstar Inc. [AMEX:GSAT], the company’s sales were 223.81M for trailing twelve months, which represents an 26.88% jump. Gross Profit Margin for this corporation currently stands at 0.59% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at -0.11%, and Net Profit Margin reading is -0.11%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.07 and Total Capital is 0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.96.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.2883 points at the first support level, and at 1.2767 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.3233, and for the 2nd resistance point, it is at 1.3467.
Ratios To Look Out For
It is important to note that Globalstar Inc. [AMEX:GSAT] has a current ratio of 0.81. Also, the Quick Ratio is 0.73, while the Cash Ratio stands at 0.32. Considering the valuation of this stock, the price to sales ratio is 11.04, the price to book ratio is 6.45.
Transactions by insiders
Recent insider trading involved Clary Rebecca, VP & Chief Financial Officer, that happened on Mar 15 ’24 when 75000.0 shares were sold. VP, Finance & Operations, Taylor Timothy Evan completed a deal on Mar 14 ’24 to sell 0.4 million shares. Meanwhile, Director Lynch James F bought 0.66 million shares on Mar 13 ’24.
