Globalstar Inc [GSAT] stock prices are up 1.27% to $1.60 at the moment. 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 gain 8.11% over the last week, with a monthly amount drifted -26.94%, and not seem to be holding up well over a long-time horizon.
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.
The stock price of Globalstar Inc [GSAT] has been fluctuating between $1.00 and $2.74 over the past year. Globalstar Inc [AMEX: GSAT] shares were valued at $1.60 at the most recent close of the market.
Analyzing the GSAT fundamentals
The Globalstar Inc [AMEX:GSAT] reported sales of 241.58M for trailing twelve months, representing a surge of 25.35%. Gross Profit Margin for this corporation currently stands at 0.48% with Operating Profit Margin at -0.03%, Pretax Profit Margin comes in at -0.1%, and Net Profit Margin reading is -0.13%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.08 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 1.07.
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 1.5650 points at the first support level, and at 1.5300 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.6450, and for the 2nd resistance point, it is at 1.6900.
Ratios To Look Out For
It’s worth pointing out that Globalstar Inc [AMEX:GSAT]’s Current Ratio is 1.09. Also, the Quick Ratio is 0.99, while the Cash Ratio stands at 0.44. Considering the valuation of this stock, the price to sales ratio is 12.55, the price to book ratio is 7.68.
Transactions by insiders
Recent insider trading involved JACOBS PAUL E, Chief Executive Officer, that happened on Jan 06 ’25 when 14539.0 shares were sold. Officer, JACOBS PAUL E completed a deal on Jan 06 ’25 to buy 14539.0 shares. Meanwhile, Director Monroe James III bought 1.0 million shares on Dec 27 ’24.
