Globalstar Inc. (GSAT): A Technical View

At the last check on Friday, Globalstar Inc.’s (AMEX:GSAT) stock was up $0.06, moving up 5.96 percent to $1.15. The average number of shares traded per day over the past five days has been 3,762,757 shares. 2 times new highs have been achieved over the past 5 days, with a $0.0300 gain in that time frame. In the last twenty days, the average volume was 3,458,289, while in the previous 50 days, it was 4,392,872.

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Since last month, GSAT stock retreated -17.42%. Shares of the company fell to $0.9902 on 05/12/22, the lowest level in the past month. A 52-week high of $2.78 was reached on 03/30/22 after having rallying from a 52-week low of $0.90. Since the beginning of this year, GSAT’s stock price has dropped by -6.03% or -$0.0100, and marked a new high 12 times. However, the stock has declined by -58.45% since its 52-week high.

Valuation Metrics

The stock’s beta is 0.28. Besides these, the trailing price-to-sales (P/S) ratio of 16.20, the price-to-book (PB) ratio of 5.74, and the price-to-cash flow ratio of 15.67 may also be considered.

Financial Health

In the three months ended March 30, Globalstar Inc.’s quick ratio stood at 0.50, while its current ratio was 0.70, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.71. On the profitability front, the trailing twelve-month gross margin is 58.20% percent. In the year ended March 30, operating margins totaled -45.70%. Based on annual data, GSAT earned $72.33 million in gross profit and brought in $124.3 million in revenue.

In Globalstar Inc.’s quarter-end financial report for March 30, it reported total debt of $246.76 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. GSAT’s revenue rose 17.82% to $34.48 million during the quarter, while net income inched up to $32.77 million. While analysts expected Globalstar Inc. to report -$0.01 quarterly earnings, the actual figure was -$0.01 per share. During the quarter, the company generated $8.91 million in EBITDA. The liabilities of Globalstar Inc. were 448.68 million at the end of its most recent quarter ended March 30, and its total debt was $269.68 million. The value of shareholders’ equity is $1.8 billion.

Technical Picture

This quick technical analysis looks at Globalstar Inc.’s (GSAT) price momentum. With a historical volatility rate of 69.43%, the RSI 9-day stood at 50.08% on 12 May.

With respect to its five-day moving average, the current Globalstar Inc. price is up by +2.68% percent or $0.0300. At present, GSAT shares trade -10.85% below its 20-day simple moving average and -4.17% percent below its 100-day simple moving average. However, the stock is currently trading approximately -9.45% below its SMA50 and -17.27% below its SMA200.

Stochastic coefficient K was 34.17% and Stochastic coefficient D was 20.21%, while ATR was 0.0853. Given the Stochastic reading of 61.51% for the 14-day period, the RSI (14) reading has been calculated as 47.13%. As of today, the MACD Oscillator reading stands at -0.0289, while the 14-day reading stands at -0.0448.

Analyst Ratings

B. Riley Securities launched its rating on Globalstar Inc. (AMEX: GSAT) to a Buy in a note to investors on June 21, 2021. Globalstar Inc. (GSAT) has been rated Hold by analysts. According to 1 brokerage firm, GSAT is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Globalstar Inc. stock as buy, with 1 recommending it as overweight.

With a median target price of $2.14, the current consensus forecast for the stock is $1.03 – $3.25. Based on these forecasts, analysts predict Globalstar Inc. (GSAT) will achieve an average price target of $2.14.


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