Globalstar Inc. (GSAT): What the Financials Tell Us

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Globalstar Inc. (AMEX:GSAT) saw an upside of 0.76% to close Tuesday at $1.32 after adding $0.01 on the day. The 5-day average trading volume is 3,373,900 shares of the company’s common stock. It has gained $1.4100 in the past week and touched a new high 1 time within the past 5 days. An average of 3,762,715 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,732,244.

GSAT’s 1-month performance is -1.49% or $0.0300 on its low of $1.2418 reached on 12/27/22. The company’s shares have touched a 52-week low of $0.90 and high of $2.98, with the stock’s rally to the 52-week high happening on 01/17/23. YTD, GSAT has lost -0.75% or -$0.0100 and has reached a new high 6 times. However, the current price is down -55.70% from the 52-week high price.

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Insider Transactions

GSAT stock investors last saw insider trading activity on Dec 09.Taylor Timothy Evan (Director) most recently sold 395,000 shares at $1.65 per share on Dec 09. This transaction cost the insider $653,646. Director, Taylor Timothy Evan, sold 395,000 shares at a price of $1.57 on Dec 08. Then, on Dec 01, VP & Chief Financial Officer Clary Rebecca sold 350,000 shares at a price of $1.87 per share. This transaction amounted to $654,500.

Valuation Metrics

GSAT stock has a beta of 0.70. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 17.04 while the price-to-book (PB) in the most recent quarter is 16.50, with the price to cash flow ratio at 49.77.

Globalstar Inc.’s quick ratio for the period ended June 29 was 0.40, with the current ratio over the same period at 0.40. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.93, while the total debt to equity was 1.93.. In terms of profitability, the gross margin trailing 12 months is 54.90%. The firm’s gross profit as reported stood at $72.33 million against revenue of $124.3 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 84.88% to -$204.36 million, while revenue of -$26.76 million was 86.91% off the previous quarter. Analysts expected GSAT to announce -$0.01 per share in earnings in its latest quarter, but it posted -$0.01, representing a 0.00% surprise. EBITDA for the quarter stood at more than -$162.27 million. GSAT stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 610.96 million, with total debt at $360.61 million. Shareholders hold equity totaling $1.8 billion.

Let’s look briefly at Globalstar Inc. (GSAT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 45.43% to suggest the stock is trending Neutral, with historical volatility in this time period at 76.84%.

The stock’s 5-day moving average is $1.3160, reflecting a -2.22% or -$0.0300 change from its current price. GSAT is currently trading +3.94% above its 20-day SMA, -32.31% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -28.65% and SMA200 by-5.04%.

Stochastic %K and %D was 23.08% and 23.93% and the average true range (ATR) pointed at 0.0788. The RSI (14) points at 43.64%, while the 14-day stochastic is at 26.92% with the period’s ATR at 0.0848. The stock’s 9-day MACD Oscillator is pointing at -0.0422 and -0.0321 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Globalstar Inc. (AMEX: GSAT), Craig Hallum launched coverage with a Buy rating.

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