Globalstar, Inc. (GSAT) Stock: Here’s What’s Happening


Globalstar, Inc. (GSAT) is trending up in the market today. The stock, focused in the technology industry, is presently priced at $0.43 after gaining -1.19% so far today. As it relates to tech companies, there are a number of factors that have the ability to generate movement in the market. News tends to be one of the biggest reasons for the movement. Here are the recent stories associated with GSAT:

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Mar-04-19 03:18AM Edited Transcript of GSAT earnings conference call or presentation 28-Feb-19 10:00pm GMT
Feb-28-19 04:15PM Globalstar Announces 2018 Fourth Quarter and Annual Results
Feb-22-19 05:00PM Globalstar, Inc. Earnings Call Release Notice
Jan-14-19 07:25AM Analysis: Positioning to Benefit within Alphabet, Globalstar, Ingevity, Vocera Communications, Sarepta Therapeutics, and FLIR Research Highlights Growth, Revenue, and Consolidated Results
Dec-31-18 04:31PM Why Canada Goose Holdings, Catabasis Pharmaceuticals, and Globalstar Jumped Today

However, any time investors are making an investing decision, prospective investors should look at far more than just news, especially in the ever changing technology space. Here’s what’s going on with Globalstar, Inc..

Returns That GSAT Investors Have Seen

Although a move up on a single session, like the move that we’re seeing from Globalstar, Inc. may lead to excitement in some investors, a single session move alone shouldn’t be the basis of a decision to, or not to, invest in a stock. It is always important to dig into trends experienced by the stock beyond a single session. As it relates to GSAT, below are the returns that investors have seen:

  • Past 7 Days – Throughout the last 5 trading sessions, GSAT has generated a change in price amounting to -2.27%.
  • Past Month – The ROI from Globalstar, Inc. throughout the past 30 days comes to -32.44%.
  • Past Three Months – Throughout the last 3 months, the company has produced a ROI of 13.16%
  • Bi-Annually – Throughout the past six months, investors have seen a performance that works out to -17.18% from the stock.
  • Year To Date – Since the the first trading session of this year GSAT has generated a return on investment of -32.78%.
  • Annually – Lastly, in the past full year, we’ve seen movement amounting to -42.11% from GSAT. Over this period of time, the stock has traded at a high price of -51.14% and a low of 48.28%.

Ratios To Watch

Digging into a few key ratios having to do with a stock can give investors a view of how dangerous and/or potentially profitable a stock pick might be. Here are a few of the key ratios to consider when digging into GSAT.

Short Ratio – The short ratio is a measure of short interest. As the short ratio climbs, it shows that more investors have a belief that the value of the stock is going to fall. In general, strong tech stocks tend to come with a lower short ratio. However, we also tend to see a lot of short squeezes in the industry. Nonetheless, when it comes to Globalstar, Inc., the stock’s short ratio clocks in at 15.53.

Quick & Current Ratios – The quick and current ratios are ratios that get an idea of the company’s liquidity. Essentially, they measure If a company is able to pay for its debts when they mature with only current assets or quick assets. In the technology sector, companies rely heavily on the continuation of support from investors as they work to bring new technologies to market, these ratios can seem upsetting. Nonetheless, several good picks in the tech industry come with positive quick and current ratios. As it relates to GSAT, the quick and current ratios add up to 0.70 and 0.80 respectively.  

Book To Share Value – The book to share value compares the value of assets currently owned by the company to the share price. when it comes to Globalstar, Inc., that ratio works out to 0.28.

Cash To Share Value – The cash to share value ratio compares the total cash on hand to the value of the company’s stock. In the case of GSAT, the cash to share value ratio comes to 0.01.

What Are Big Money Players Doing With Globalstar, Inc.

An interesting fact I’ve learned so far in my brief period alive, or somewhat alive has been that smart investors tend to follow big money. So, investors that are trying to keep their investments relatively safe will keep their eyes on moves made by institutions as well as insiders of the company. With that said, is big money flowing in regard to GSAT? Here’s the information:

  • Institutional Investors – As it stands now, institutional investors hold 27.90% of Globalstar, Inc.. However, it’s important to note that the ownership held by institutions has seen a move in the amount of -0.41% over the past 3 months.
  • Investors On The Inside – with regard to insiders, insiders of the company currently hold 0.60% of the company. Insider ownership of the company has seen a change of 0 in the past quarter.

How Analysts Feel About Globalstar, Inc.

Although it’s not a good idea to blindly follow the opinions of analysts, it is a smart idea to consider their analysis to validate your own due diligence before making an investment decision in the technology sector. Below you’ll find the recent moves that we’ve seen from analysts as it relates to GSAT.

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Aug-09-18 Downgrade Chardan Capital Markets Buy → Neutral
Feb-24-17 Upgrade Chardan Capital Markets Neutral → Buy $2.50
Jun-13-16 Downgrade Chardan Capital Markets Buy → Neutral

Financial Performance

What have ween seen from GSAT in terms of financial results?Here’s what we’ve seen:

  • Analyst Expectations – At the moment, Wall St. analysts are expecting that GSAT will generate EPS that comes to -0.05, with -0.02 to be reported in the next financial report. Although this information isn’t tide to earnings, since we are chatting on the topic of Wall St. analysts, Globalstar, Inc. is presently graded as a 0 considering a scale that ranges from 1 to 5 where 1 is the poorest possible analyst rating and 5 is the best possible rating.
  • 5-Year Sales – Throughout the last 5 years, Globalstar, Inc. has announced a change in sales volume that adds up to 9.50%. EPS in the last half decade have seen a change of 64.90%.
  • Quarter Over Quarter – In terms of quarter over quarter earnings performance, or Q/Q data as it is generally represented in today’s society, Globalstar, Inc. has generated a change in earnings that comes to a total of 67.60%. Globalstar, Inc. has also moved the needle with regard to sales volume that adds up to 8.50%.

How Many Shares Of GSAT Are Available?

Investors and traders seem to be interested in the counts of shares both available and outstanding. When it comes to Globalstar, Inc., there are currently 1.43B and there is a float of 601.11M. These numbers mean that of the total of 1.43B shares of GSAT that are out there today, 601.11M are available to be traded in the public realm.

I also find it important to take a look at the short float. After all, when a large portion of the float is shorted, the overall opinion in the market is that the stock is headed for a deep dive. When it comes to GSAT, the percentage of the float that is currently being sold short sits at 7.92%. In general, high short percent of the float would be considered to be anything over 40%. Nonetheless, I’ve seen that a short ratio over 26% is generally a a play that could prove to be very risky.

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