A share price of Globalstar Inc [GSAT] is currently trading at $23.42, up 6.60%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The GSAT shares have gain 8.38% over the last week, with a monthly amount glided 13.30%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Globalstar Inc [NASDAQ: 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.
Globalstar Inc experienced fluctuations in its stock price throughout the past year between $15.00 and $41.10. Currently, Wall Street analysts expect the stock to reach $45 within the next 12 months. Globalstar Inc [NASDAQ: GSAT] shares were valued at $23.42 at the most recent close of the market. An investor can expect a potential return of 92.14% based on the average GSAT price forecast.
Analyzing the GSAT fundamentals
Trailing Twelve Months sales for Globalstar Inc [NASDAQ:GSAT] were 250.35M which represents 16.73% growth. Gross Profit Margin for this corporation currently stands at 0.66% with Operating Profit Margin at -0.0%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.27%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.18 and Total Capital is -0.0. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.5.
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 22.67 points at the first support level, and at 21.93 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.82, and for the 2nd resistance point, it is at 24.23.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Globalstar Inc [NASDAQ:GSAT] is 3.16. As well, the Quick Ratio is 3.09, while the Cash Ratio is 2.76. Considering the valuation of this stock, the price to sales ratio is 11.83, the price to book ratio is 8.25.
Transactions by insiders
Recent insider trading involved Monroe James III, Director, that happened on Mar 21 ’25 when 50000.0 shares were purchased. Director, Monroe James III completed a deal on Mar 20 ’25 to buy 25000.0 shares. Meanwhile, Director Monroe James III bought 25000.0 shares on Mar 19 ’25.
