Currently, there are 1.88B common shares owned by the public and among those 755.72M shares have been available to trade.
However, the script later moved the day high at 1.4750, up 2.10%. The company’s stock has a 5-day price change of 9.77% and -0.68% over the past three months. GSAT shares are trading -24.74% year to date (YTD), with the 12-month market performance up to 25.86% higher. It has a 12-month low price of $0.85 and touched a high of $2.13 over the same period. GSAT has an average intraday trading volume of 5.14 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -5.59%, -13.06%, and 5.34% respectively.
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Institutional ownership of Globalstar Inc. (AMEX: GSAT) shares accounts for 18.71% of the company’s 1.88B shares outstanding.
It has a market capitalization of $2.77B and a beta (3y monthly) value of 0.86. The earnings-per-share (ttm) stands at -$0.02. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.21% over the week and 6.03% over the month.
Analysts forecast that Globalstar Inc. (GSAT) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and -$0.01 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.01 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was $0 a year ago. Earnings per share for the fiscal year are expected to decrease by -221.96%, and -25.00% over the next financial year. EPS should grow at an annualized rate of 15.00% over the next five years, compared to -21.49% over the past 5-year period.
Looking at the support for the GSAT, a number of firms have released research notes about the stock. Imperial Capital stated their Outperform rating for the stock in a research note on August 04, 2023, with the firm’s price target at $7.79. Morgan Stanley coverage for the Globalstar Inc. (GSAT) stock in a research note released on May 03, 2023 offered a Equal-Weight rating with a price target of $0.97. Craig Hallum was of a view on October 31, 2022 that the stock is Buy, while B. Riley Securities gave the stock Buy rating on June 21, 2021, issuing a price target of $3.25. Morgan Stanley on their part issued Underweight rating on January 22, 2021.
