Currently, there are 1.88B common shares owned by the public and among those 749.11M shares have been available to trade.
The company’s stock has a 5-day price change of -14.93% and 34.65% over the past three months. GSAT shares are trading -11.86% year to date (YTD), with the 12-month market performance up to 21.28% higher. It has a 12-month low price of $1.00 and touched a high of $2.13 over the same period. GSAT has an average intraday trading volume of 13.80 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 13.02%, 29.19%, and 31.48% respectively.
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Institutional ownership of Globalstar Inc (AMEX: GSAT) shares accounts for 20.25% of the company’s 1.88B shares outstanding.
It has a market capitalization of $3.08B and a beta (3y monthly) value of 0.96. 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 11.23% over the week and 10.63% over the month.
Earnings per share for the fiscal year are expected to decrease by -165.87%, and 114.50% 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.
