A new trading day began on Monday, with Globalstar Inc (NASDAQ: GSAT) stock price down -5.83% from the previous day of trading, before settling in for the closing price of $45.27. GSAT’s price has ranged from $15.15 to $47.44 over the past 52 weeks.
A company in the Communication Services sector has jumped its sales by 10.19% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 91.53%. With a float of $49.82 million, this company’s outstanding shares have now reached $126.67 million.
Globalstar Inc (GSAT) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Telecom Services Industry. The insider ownership of Globalstar Inc is 60.67%, while institutional ownership is 22.47%. The most recent insider transaction that took place on Oct 16 ’25, was worth 192,525. In this transaction VP & Chief Financial Officer of this company sold 4,333 shares at a rate of $44.43, taking the stock ownership to the 110,852 shares. Before that another transaction happened on Oct 16 ’25, when Company’s Officer proposed sale 4,333 for $44.43, making the entire transaction worth $192,525.
Globalstar Inc (GSAT) Latest Financial update
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 0.06 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.02 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 91.53% per share during the next fiscal year.
Globalstar Inc (NASDAQ: GSAT) Trading Performance Indicators
Here are Globalstar Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.72. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 20.72. Likewise, its price to free cash flow for the trailing twelve months is 74.09.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.39, a number that is poised to hit -0.01 in the next quarter and is forecasted to reach -0.05 in one year’s time.
Technical Analysis of Globalstar Inc (GSAT)
Let’s dig in a bit further. During the last 5-days, its volume was 1.24 million. That was better than the volume of 0.85 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 55.79%.
During the past 100 days, Globalstar Inc’s (GSAT) raw stochastic average was set at 82.93%, which indicates a significant increase from 30.69% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 2.81 in the past 14 days, which was higher than the 1.63 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $36.10, while its 200-day Moving Average is $26.03. However, in the short run, Globalstar Inc’s stock first resistance to watch stands at $45.51. Second resistance stands at $48.40. The third major resistance level sits at $50.40. If the price goes on to break the first support level at $40.62, it is likely to go to the next support level at $38.62. The third support level lies at $35.73 if the price breaches the second support level.
Globalstar Inc (NASDAQ: GSAT) Key Stats
With a market capitalization of 5.40 billion, the company has a total of 126,673K Shares Outstanding. Currently, annual sales are 250,350 K while annual income is -63,160 K. The company’s previous quarter sales were 67,150 K while its latest quarter income was 19,210 K.
