As of Friday close, Globalstar Inc.’s (AMEX:GSAT) stock was up $0.02, moving up 1.61 percent to $1.26. The average number of shares traded per day over the past five days has been 3,545,600 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.1100 fall in that time frame. In the last twenty days, the average volume was 9,689,595, while in the previous 50 days, it was 5,589,196.
Since last month, GSAT stock rose 18.87%. Shares of the company fell to $1.0500 on 08/25/23, the lowest level in the past month. A 52-week high of $2.33 was reached on 09/12/23 after having rallying from a 52-week low of $0.85. Since the beginning of this year, GSAT’s stock price has dropped by -5.26% or -$0.0700, and marked a new high 9 times. However, the stock has declined by -45.92% 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 Sep 06. Monroe James III, the Director of the company, purchased of 5,080,416 shares for $1.52 on Sep 06. It resulted in a $7,722,232 investment by the insider. Lynch James F sold 5,080,416 shares at an average price of $1.52 on Sep 06. The insider now owns 7,290,720 shares following the transaction. On Sep 01, VP & Chief Financial Officer Clary Rebecca sold 100,000 shares at $1.48 apiece. The transaction was valued at $148,000.
Valuation Metrics
The stock’s beta is 0.55. Besides these, the trailing price-to-sales (P/S) ratio of 12.03, the price-to-book (PB) ratio of 7.41.
Financial Health
In the three months ended June 29, Globalstar Inc.’s quick ratio stood at 0.60, while its current ratio was 0.70, 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 0.97, and the total debt-to-equity ratio was 1.07. On the profitability front, the trailing twelve-month gross margin is 62.70% 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 -79.30%.
In Globalstar Inc.’s quarter-end financial report for June 29, it reported total debt of $306.79 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. GSAT’s revenue rose 33.18% to $58.64 million during the quarter, while net income inched up to $55.07 million. While analysts expected Globalstar Inc. to report $0 quarterly earnings, the actual figure was $0 per share. During the quarter, the company generated $24.48 million in EBITDA. The liabilities of Globalstar Inc. were 517.07 million at the end of its most recent quarter ended June 29, and its total debt was $367.84 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 27.63%, the RSI 9-day stood at 37.10% on 22 September.
With respect to its five-day moving average, the current Globalstar Inc. price is down by -8.03% percent or -$0.1100. At present, GSAT shares trade +18.87% above its 20-day simple moving average and +40.02% percent above its 100-day simple moving average. However, the stock is currently trading approximately +18.87% above its SMA50 and -30.77% below its SMA200.
Stochastic coefficient K was 8.80% and Stochastic coefficient D was 9.83%, while ATR was 0.0848. Given the Stochastic reading of 11.49% for the 14-day period, the RSI (14) reading has been calculated as 45.00%. As of today, the MACD Oscillator reading stands at -0.0811, while the 14-day reading stands at -0.1312.
