Globalstar Inc. (AMEX:GSAT) saw an upside of 8.70% to close Tuesday at $1.25 after adding $0.1 on the day. The 5-day average trading volume is 5,062,740 shares of the company’s common stock. It has gained $1.2894 in the past week and touched a new high 3 times within the past 5 days. An average of 3,114,830 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,421,750.
GSAT’s 1-month performance is 19.05% or $0.2000 on its low of $1.0300 reached on 07/17/23. The company’s shares have touched a 52-week low of $0.85 and high of $2.98, with the stock’s rally to the 52-week high happening on 01/17/23. YTD, GSAT has lost -6.02% or -$0.0800 and has reached a new high 6 times. However, the current price is down -58.05% from the 52-week high price.
Insider Transactions
GSAT stock investors last saw insider trading activity on Jun 15.Taylor Timothy Evan (VP, Finance & Operations) most recently sold 395,000 shares at $1.15 per share on Jun 15. This transaction cost the insider $455,198. VP, Finance & Operations, Taylor Timothy Evan, sold 395,000 shares at a price of $1.19 on Jun 14. Then, on Jun 01, VP & Chief Financial Officer Clary Rebecca sold 100,000 shares at a price of $1.12 per share. This transaction amounted to $112,000.
Valuation Metrics
GSAT stock has a beta of 0.54. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 11.58 while the price-to-book (PB) in the most recent quarter is 7.35, with the price to cash flow ratio at 93.74.
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 0.59, while the total debt to equity was 0.59.. In terms of profitability, the gross margin trailing 12 months is 62.70%. The trailing 12-month EBITDA margin is 29.08%. The firm’s gross profit as reported stood at $83.48 million against revenue of $148.5 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -913.64% to -$2.64 million, while revenue of -$6.1 million was -131.06% off the previous quarter. Analysts expected GSAT to announce $0 per share in earnings in its latest quarter, but it posted $0. EBITDA for the quarter stood at more than $24.48 million. GSAT stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 517.07 million, with total debt at $367.84 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 08 August was 76.23% to suggest the stock is trending Overbought, with historical volatility in this time period at 49.59%.
The stock’s 5-day moving average is $1.1740, reflecting a +10.62% or $0.1200 change from its current price. GSAT is currently trading +15.74% above its 20-day SMA, +19.05% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +9.65% and SMA200 by-29.78%.
Stochastic %K and %D was 61.48% and 62.58% and the average true range (ATR) pointed at 0.0667. The RSI (14) points at 69.89%, while the 14-day stochastic is at 84.20% with the period’s ATR at 0.0608. The stock’s 9-day MACD Oscillator is pointing at 0.0589 and 0.0812 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Globalstar Inc. (AMEX: GSAT), Imperial Capital launched coverage with an Outperform rating.
