It’s Not Over Yet 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

Globalstar Inc. is listed on the AMEX as a member of the Communication Services sector and is a part of the Telecom Services industry. The current market capitalization of Globalstar Inc. is $2.49B. A total of 10.07 million shares were traded on the day, compared to an average of 3.14M shares.

In the most recent transaction, Monroe James III bought 4,510,855 shares of GSAT for 1.06 per share on Jun 28 ’24. After the transaction, the Director now owns 8,708,254 company shares. In a previous transaction on Jun 28 ’24, JACOBS PAUL E sold 4,510,855 shares at 1.06 per share. GSAT shares that Chief Executive Officer owns now total 3,143,182.

Among the insiders who sold shares, Clary Rebecca disposed of 75,000 shares on Jun 03 ’24 at a per-share price of $1.11. This resulted in the VP & Chief Financial Officer holding 1,493,745 shares of GSAT after the transaction. In another insider transaction, Clary Rebecca sold 75,000 shares at $1.39 per share on Mar 15 ’24. Company shares held by the VP & Chief Financial Officer now total 1,568,745.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, GSAT has a high of $2.13 and a low of $1.01.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. 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

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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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