As of Friday close, Globalstar Inc.’s (AMEX:GSAT) stock was up $0.1, moving up 9.62 percent to $1.14. The average number of shares traded per day over the past five days has been 5,236,140 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.0200 fall in that time frame. In the last twenty days, the average volume was 4,316,175, while in the previous 50 days, it was 3,915,642.
Since last month, GSAT stock retreated -10.24%. Shares of the company fell to $1.0100 on 03/15/23, the lowest level in the past month. A 52-week high of $2.98 was reached on 01/17/23 after having rallying from a 52-week low of $0.99. Since the beginning of this year, GSAT’s stock price has dropped by -14.29% or -$0.1900, and marked a new high 6 times. However, the stock has declined by -61.74% 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 17 days ago on Mar 01. Clary Rebecca, the VP & Chief Financial Officer of the company, disposed of 100,000 shares for $1.17 on Mar 01. It resulted in a $117,000 divestment by the insider. Taylor Timothy Evan sold 395,000 shares at an average price of $1.65 on Dec 09. The insider now owns 13,043,649 shares following the transaction. On Dec 08, Director Taylor Timothy Evan sold 395,000 shares at $1.57 apiece. The transaction was valued at $621,612.
Valuation Metrics
The stock’s beta is 0.65. Besides these, the trailing price-to-sales (P/S) ratio of 13.78, the price-to-book (PB) ratio of 6.71, and the price-to-cash flow ratio of 36.10 may also be considered.
Financial Health
In the three months ended September 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 September 29 was 0.42, and the total debt-to-equity ratio was 0.42. On the profitability front, the trailing twelve-month gross margin is 56.20% percent. Based on annual data, GSAT earned $83.48 million in gross profit and brought in $148.5 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 -48.80%. Return on equity (ROE) for the past 12 months was -91.00%.
In Globalstar Inc.’s quarter-end financial report for September 29, it reported total debt of $132.12 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 16.53% to $37.63 million during the quarter, while net income inched up to $41.31 million. While analysts expected Globalstar Inc. to report -$0.01 quarterly earnings, the actual figure was -$0.11 per share. During the quarter, the company generated $12.51 million in EBITDA. The liabilities of Globalstar Inc. were 518.62 million at the end of its most recent quarter ended September 29, and its total debt was $354.29 million. The value of shareholders’ equity is $1.81 billion.
Technical Picture
This quick technical analysis looks at Globalstar Inc.’s (GSAT) price momentum. With a historical volatility rate of 74.16%, the RSI 9-day stood at 47.86% on 17 March.
With respect to its five-day moving average, the current Globalstar Inc. price is down by -1.72% percent or -$0.0200. At present, GSAT shares trade -5.00% below its 20-day simple moving average and -36.31% percent below its 100-day simple moving average. However, the stock is currently trading approximately -12.31% below its SMA50 and -18.57% below its SMA200.
Stochastic coefficient K was 20.83% and Stochastic coefficient D was 15.81%, while ATR was 0.0757. Given the Stochastic reading of 40.62% for the 14-day period, the RSI (14) reading has been calculated as 45.87%. As of today, the MACD Oscillator reading stands at -0.0567, while the 14-day reading stands at -0.0848.