Stocks of Globalstar Inc (AMEX:GSAT) traded higher last session on Wall Street, down -4.52% to $2.11.
GSAT stock price is now 38.16% away from the 50-day moving average and 59.84% away from the 200-day moving average. The market capitalization of the company currently stands at $4.28B.
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, HASLER WILLIAM A, Director sold 90,000 shares of the company’s stock on Dec 03 ’24. The stock was sold for $173,754 at an average price of $1.93. Upon completion of the transaction, the Director now directly owns 848,668 shares in the company, valued at $1.79 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 11 ’24, VP, Finance & Operations Taylor Timothy Evan sold 395,000 shares of the business’s stock. A total of $482,097 was realized by selling the stock at an average price of $1.22. This leaves the insider owning 10,278,649 shares of the company worth $21.69 million. A total of 60.41% 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 $2.29. 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 $1.5096 and a two-hundred day moving average price translates $1.3178 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.
