At the time of writing, Globalstar Inc [GSAT] stock is trading at $23.38, up 6.51%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The GSAT shares have gain 10.34% over the last week, with a monthly amount glided 25.29%, 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.
For the past year, the stock price of Globalstar Inc fluctuated 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 $23.38 at the most recent close of the market. An investor can expect a potential return of 92.47% based on the average GSAT price forecast.
Analyzing the GSAT fundamentals
According to Globalstar Inc [NASDAQ:GSAT], the company’s sales were 253.90M for trailing twelve months, which represents an 6.29% jump. Gross Profit Margin for this corporation currently stands at 0.66% with Operating Profit Margin at -0.02%, 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.56.
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 22.36 points at the first support level, and at 21.34 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.99, and for the 2nd resistance point, it is at 24.60.
Ratios To Look Out For
It is important to note that Globalstar Inc [NASDAQ:GSAT] has a current ratio of 2.27. In addition, the Quick Ratio stands at 2.19 and the Cash Ratio stands at 1.87. Considering the valuation of this stock, the price to sales ratio is 11.66, the price to book ratio is 8.59.
Transactions by insiders
Recent insider trading involved Monroe James III, Director, that happened on May 16 ’25 when 50000.0 shares were purchased. Director, Monroe James III completed a deal on May 14 ’25 to buy 25000.0 shares. Meanwhile, Director Monroe James III bought 50000.0 shares on May 12 ’25.
