Are Things Looking Up For Globalstar Inc. (AMEX: GSAT)?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.

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Stocks Info

The company is listed on the AMEX and operates within the Telecom Services industry segment. The current market capitalization of Globalstar Inc. is $2.07B. A total of 4.05 million shares were traded on the day, compared to an average of 3.29M shares.

In the most recent transaction, Clary Rebecca sold 75,000 shares of GSAT for 1.11 per share on Jun 03 ’24. After the transaction, the VP & Chief Financial Officer now owns 1,493,745 company shares. In a previous transaction on Mar 15 ’24, Clary Rebecca sold 75,000 shares at 1.39 per share. GSAT shares that VP & Chief Financial Officer owns now total 1,568,745.

Among the insiders who sold shares, Taylor Timothy Evan disposed of 395,000 shares on Mar 14 ’24 at a per-share price of $1.43. This resulted in the VP, Finance & Operations holding 10,673,649 shares of GSAT after the transaction. In another insider transaction, Lynch James F bought 660,000 shares at $1.46 per share on Mar 13 ’24. Company shares held by the Director now total 12,340,720.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, GSAT has a high of $2.13 and a low of $0.96.

As of this writing, GSAT has an earnings estimate of $0.0 per share for the current quarter. EPS was calculated based on a consensus of 3.0 estimates, with a high estimate of $0.0 per share and a lower estimate of -$0.01. The company reported an EPS of $0 in the last quarter

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. GSAT’s latest balance sheet shows that the firm has $14.30M in Cash & Short Term Investments as of fiscal 2021. There were $269.67M in debt and $61.56M in liabilities at the time. Its Book Value Per Share was $0.20, while its Total Shareholder’s Equity was $365.43M.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for GSAT is Buy with a score of 4.50.

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