Does Wall Street Rate Globalstar Inc. (GSAT) Shares A Sell?


As of Wednesday close, Globalstar Inc.’s (AMEX:GSAT) stock was up $0.04, moving up 2.15 percent to $1.90. The average number of shares traded per day over the past five days has been 6,044,900 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.1200 fall in that time frame. In the last twenty days, the average volume was 8,423,080, while in the previous 50 days, it was 6,711,032.

Since last month, GSAT stock rose 4.97%. Shares of the company fell to $1.7400 on 10/24/22, the lowest level in the past month. A 52-week high of $2.98 was reached on 09/07/22 after having rallying from a 52-week low of $0.90. Since the beginning of this year, GSAT’s stock price has risen by 63.79% or $0.7400, and marked a new high 22 times. However, the stock has declined by -36.24% since its 52-week high.

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GSAT stock investors should be aware that Globalstar Inc. (GSAT) stock had its last reported insider trading activity 16 days ago on Nov 09. Taylor Timothy Evan, the Director of the company, disposed of 1,305,695 shares for $1.85 on Nov 09. It resulted in a $2,415,536 divestment by the insider. Taylor Timothy Evan sold 760,656 shares at an average price of $1.96 on Nov 08. The insider now owns 15,139,344 shares following the transaction. On Nov 07, Director Taylor Timothy Evan sold 1,600,000 shares at $1.99 apiece. The transaction was valued at $3,184,000.

Valuation Metrics

The stock’s beta is 0.54. Besides these, the trailing price-to-sales (P/S) ratio of 24.95, the price-to-book (PB) ratio of 23.75, and the price-to-cash flow ratio of 72.89 may also be considered.

Financial Health

In the three months ended June 29, Globalstar Inc.’s quick ratio stood at 0.40, while its current ratio was 0.40, 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 June 29 was 1.93, and the total debt-to-equity ratio was 1.93. On the profitability front, the trailing twelve-month gross margin is 54.90% percent. Based on annual data, GSAT earned $72.33 million in gross profit and brought in $124.3 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -10.30%. Return on equity (ROE) for the past 12 months was -93.40%.

In Globalstar Inc.’s quarter-end financial report for June 29, it reported total debt of $262.18 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 13.34% to $36.8 million during the quarter, while net income inched up to $37.63 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 -$162.27 million in EBITDA. The liabilities of Globalstar Inc. were 610.96 million at the end of its most recent quarter ended June 29, and its total debt was $360.61 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 61.10%, the RSI 9-day stood at 48.69% on 23 November.

With respect to its five-day moving average, the current Globalstar Inc. price is down by -5.94% percent or -$0.1200. At present, GSAT shares trade -0.52% below its 20-day simple moving average and +52.00% percent above its 100-day simple moving average. However, the stock is currently trading approximately +2.70% above its SMA50 and +88.12% above its SMA200.

Stochastic coefficient K was 24.48% and Stochastic coefficient D was 17.38%, while ATR was 0.1204. Given the Stochastic reading of 39.06% for the 14-day period, the RSI (14) reading has been calculated as 49.73%. As of today, the MACD Oscillator reading stands at -0.0144, while the 14-day reading stands at -0.0364.

Analyst Ratings

Craig Hallum launched its rating on Globalstar Inc. (AMEX: GSAT) to a Buy in a note to investors on October 31, 2022. Globalstar Inc. (GSAT) has been rated Overweight 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 2 recommending it as overweight.

With a median target price of $3.75, the current consensus forecast for the stock is $1.75 – $5.00. Based on these forecasts, analysts predict Globalstar Inc. (GSAT) will achieve an average price target of $3.50.


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