Globalstar Inc (NASDAQ:GSAT) price on Friday, May 02, rose 3.66% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $20.40.
A look at the stock’s price movement, the close in the last trading session was $19.68, moving within a range at $19.74 and $20.69. The beta value (5-Year monthly) was 0.793. Turning to its 52-week performance, $41.10 and $15.00 were the 52-week high and 52-week low respectively. Overall, GSAT moved -1.97% over the past month.
Globalstar Inc’s market cap currently stands at around $2.58 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-26.
Analysts have a consensus estimate of 63.83M for the company’s revenue for the quarter, with a low and high estimate of 62.48M and 65.18M respectively. The average forecast suggests up to a 13.01% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 264.32M, representing a 5.58% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that GSAT is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 2 recommend GSAT as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
GSAT’s current price about 5.18% and -1.61% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 53.32, while 7-day volatility ratio is 3.62% and 5.59% in the 30-day chart. Further, Globalstar Inc (GSAT) has a beta value of 0.91, and an average true range (ATR) of 1.02. Analysts have given the company’s stock an average 52-week price target of $45, forecast between a low of $45 and high of $45. Looking at the price targets, the low is -120.59% off current price level while to achieve the yearly target high, price needs to move -120.59%. Nonetheless, investors will most likely welcome a -120.59% jump to $45 which is the analysts’ median price.
If we refocus on Globalstar Inc (NASDAQ:GSAT), historical trading data shows that trading volumes averaged 0.39 over the past 10 days and 758.80K over the past 3 months. The company’s latest data on shares outstanding shows there are 126.42 million shares.
The 60.56% of Globalstar Inc’s shares are in the hands of company insiders while institutional holders own 20.03% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.38 million on 2025-04-15, giving us a short ratio of 3.35. The data shows that as of 2025-04-15 short interest in Globalstar Inc (GSAT) stood at 480.0 of shares outstanding, with shares short falling to 3.04 million registered in 2025-03-14. Current price change has pushed the stock -34.30% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the GSAT stock continues to rise going into the next quarter.
