In yesterday’s Wall Street session, Globalstar Inc (AMEX:GSAT) shares traded at $1.89, down -4.55% from the previous session.
GSAT stock price is now -0.45% away from the 50-day moving average and 36.52% away from the 200-day moving average. The market capitalization of the company currently stands at $3.58B.
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With the price target of $7.79, Imperial Capital recently initiated with Outperform rating for Globalstar Inc (AMEX: GSAT). On May 03, 2023, Morgan Stanley Upgraded its previous ‘Underweight’ rating to ‘Equal-Weight’ on the stock reducing its target price from $1.75 to quote $0.97, while ‘Craig Hallum’ rates the stock as ‘Buy’
In other news, JACOBS PAUL E, Chief Executive Officer sold 14,539 shares of the company’s stock on Jan 06 ’25. The stock was sold for $31,840 at an average price of $2.19. Upon completion of the transaction, the Chief Executive Officer now directly owns 84,815 shares in the company, valued at $0.16 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 06 ’25, Officer JACOBS PAUL E bought 14,539 shares of the business’s stock. A total of $31,840 was incurred on buying the stock at an average price of $2.19. A total of 60.84% of the company’s stock is owned by insiders.
During the past 12 months, Globalstar Inc has had a low of $1.00 and a high of $2.74. As of last week, the company has a debt-to-equity ratio of 1.07, a current ratio of 1.09, and a quick ratio of 0.99. The fifty day moving average price for GSAT is $1.8986 and a two-hundred day moving average price translates $1.3844 for the stock.
The latest earnings results from Globalstar Inc (AMEX: GSAT) was released for 2024-09-30. The net profit margin was -14.90% and return on equity was -7.21% for GSAT. The company reported revenue of $72.31 million for the quarter, compared to $57.68 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 25.35 percent.
