Analysts Point To Globalstar Inc. (AMEX: GSAT) Growth In The Future

After Hours

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.

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Stocks Info

As a AMEX listed company, GSAT falls under the Communication Services sector while operating within the Telecom Services industry segment. The current market capitalization of Globalstar Inc. is $2.45B. A total of 5.9 million shares were traded on the day, compared to an average of 3.33M 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.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. 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

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. 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

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. 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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