What The Financials Tell Us About Globalstar Inc. (GSAT)


Globalstar Inc. (AMEX:GSAT) finished Thursday with a subtraction of -$0.03 to close at $1.67, a downside of -1.76 percent. An average of 7,317,100 shares of common stock have been traded in the last five days. There was a fall of -$0.1700 in the past week, and it reached a new high 7 times over the past 12 months. The last 20 days have seen an average of 19,644,436 shares traded, while the 50-day average volume stands at 11,027,000.

GSAT stock has decreased by -0.60% in the last month. The company shares reached their 1-month lowest point of $1.6103 on 09/07/22. With the stock rallying to its 52-week high on 09/07/22, shares of the company touched a low of $0.90 and a high of $2.98 in 52 weeks. It has reached a new high 22 times so far this year and achieved 43.97% or $0.5100 in price. In spite of this, the price is down -43.96% from the 52-week high.

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Valuation Metrics

Globalstar Inc. (GSAT) stock’s beta is 0.29. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 22.12, the price-to-book (PB) ratio at 9.28, and the price-to-cash flow ratio at 33.79.

Financial Health

The quick ratio of Globalstar Inc. for the three months ended March 30 was 0.40, and the current ratio was 0.50, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.78 and a total debt to equity ratio of 0.78 for the quarter ending March 30. Its gross profit as reported stood at $72.33 million compared to revenue of $124.3 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Globalstar Inc.’s return on assets was -11.70%.

Earnings Surprise

For the three-month period that ended March 30, Globalstar Inc. had $257.45 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$26.76 million in the quarter, while revenues were grew 19.84%. The analyst consensus anticipated Globalstar Inc.’s latest quarter earnings to come in at -$0.01 per share, but it turned out to be -$0.01, a 0.00% surprise. For the quarter, EBITDA amounted to $12.89 million. Shareholders own equity worth $1.8 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Globalstar Inc. (GSAT) price momentum. RSI 9-day as of the close on 22 September was 36.92%, suggesting the stock is Neutral, with historical volatility in this time frame at 46.30%.

As of today, GSAT’s price is $1.7320 -9.24% or -$0.1700 from its 5-day moving average. GSAT is currently trading -11.64% lower than its 20-day SMA and +43.97% higher than its 100-day SMA. However, the stock’s current price level is +30.47% above the SMA50 and +35.77% above the SMA200.

The stochastic %K and %D were 5.33% and 8.17%, respectively, and the average true range (ATR) was 0.1809. With the 14-day stochastic at 4.36% and the average true range at 0.1825, the RSI (14) stands at 43.25%. The stock has reached -0.0878 on the 9-day MACD Oscillator while the 14-day reading was at -0.1431.

Analyst Ratings

B. Riley Securities launched coverage on Globalstar Inc. (AMEX: GSAT) in its analyst report released on June 21, 2021. The firm assigned the stock a Buy rating.


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