Globalstar Inc. [AMEX: GSAT] loss -10.57% on the last trading session, reaching $1.10 price per share at the time. The company report on May 7, 2021 that Globalstar Announces First Quarter 2021 Results.
Globalstar, Inc. (NYSE American: GSAT) announced its operating and financial results for the quarter ended March 31, 2021.
Dave Kagan, Chief Executive Officer of Globalstar, commented, “We are pleased to see recent signs of recovery in our Commercial IoT sales channel with both service and equipment revenue higher than pre-pandemic levels in the first quarter of 2020. We expected to return to pre-COVID sales levels by the second half of this year and that expectation proved to be conservative. Our sales pipeline remains robust and diverse and we’re excited to see this recent momentum. Over the last several months we have made numerous strategic decisions to align our overall business model with our expectations for growth in the Commercial IoT space, from organizational changes to network infrastructure upgrades and product development efforts, and we believe these refinements have positioned us for success.
Globalstar Inc. represents 1.67 billion in outstanding shares, while the company has a total market value of $1.79 billion with the latest information. GSAT stock price has been found in the range of $1.09 to $1.17.
If compared to the average trading volume of 33.59M shares, GSAT reached a trading volume of 15372724 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Globalstar Inc. [GSAT]:
Morgan Stanley have made an estimate for Globalstar Inc. shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on January 22, 2021. The new note on the price target was released on August 09, 2018, representing the official price target for Globalstar Inc. stock. Previously, the target price had yet another raise to $2.50, while Chardan Capital Markets analysts kept a Buy rating on GSAT stock.
The Average True Range (ATR) for Globalstar Inc. is set at 0.14, with the Price to Sales ratio for GSAT stock in the period of the last 12 months amounting to 13.95. The Price to Book ratio for the last quarter was 4.40, with the Price to Cash per share for the same quarter was set at 0.01. Price to Free Cash Flow for GSAT in the course of the last twelve months was 105.41 with Quick ratio for the last quarter at 0.50.
Trading performance analysis for GSAT stock
Globalstar Inc. [GSAT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -13.39. With this latest performance, GSAT shares dropped by -14.06% in over the last four-week period, additionally plugging by 266.67% over the last 6 months – not to mention a rise of 247.66% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GSAT stock in for the last two-week period is set at 44.51, with the RSI for the last a single of trading hit 43.20, and the three-weeks RSI is set at 45.45 for Globalstar Inc. [GSAT]. The present Moving Average for the last 50 days of trading for this stock 1.3350, while it was recorded at 1.2060 for the last single week of trading, and 0.7631 for the last 200 days.
Globalstar Inc. [GSAT]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Globalstar Inc. [GSAT] shares currently have an operating margin of -45.72 and a Gross Margin at -11.76. Globalstar Inc.’s Net Margin is presently recorded at -85.33.
Return on Total Capital for GSAT is now -6.86, given the latest momentum, and Return on Invested Capital for the company is -13.29. Return on Equity for this stock declined to -26.41, with Return on Assets sitting at -11.83. When it comes to the capital structure of this company, Globalstar Inc. [GSAT] has a Total Debt to Total Equity ratio set at 94.66. Additionally, GSAT Total Debt to Total Capital is recorded at 48.63, with Total Debt to Total Assets ending up at 45.10. Long-Term Debt to Equity for the company is recorded at 80.44, with the Long-Term Debt to Total Capital now at 41.32.
Reflecting on the efficiency of the workforce at the company, Globalstar Inc. [GSAT] managed to generate an average of -$316,876 per employee. Receivables Turnover for the company is 5.85 with a Total Asset Turnover recorded at a value of 0.14.Globalstar Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 0.60.
Globalstar Inc. [GSAT]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Globalstar Inc. posted -0.02/share EPS, while the average EPS was predicted by analysts to be reported at -0.02/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GSAT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Globalstar Inc. go to 15.00%.
An analysis of insider ownership at Globalstar Inc. [GSAT]
There are presently around $356 million, or 19.80% of GSAT stock, in the hands of institutional investors. The top three institutional holders of GSAT stocks are: MUDRICK CAPITAL MANAGEMENT, L.P. with ownership of 99,909,298, which is approximately -0.011% of the company’s market cap and around 0.80% of the total institutional ownership; VANGUARD GROUP INC, holding 50,721,720 shares of the stock with an approximate value of $62.39 million in GSAT stocks shares; and STEELHEAD PARTNERS LLC, currently with $30.68 million in GSAT stock with ownership of nearly -1.96% of the company’s market capitalization.
Positions in Globalstar Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 54 institutional holders increased their position in Globalstar Inc. [AMEX:GSAT] by around 10,303,283 shares. Additionally, 43 investors decreased positions by around 6,439,096 shares, while 32 investors held positions by with 272,457,286 shares. The mentioned changes placed institutional holdings at 289,199,665 shares, according to the latest SEC report filing. GSAT stock had 29 new institutional investments in for a total of 4,236,612 shares, while 15 institutional investors sold positions of 1,665,570 shares during the same period.