A better buy-in window may exist right now for Globalstar Inc. (GSAT)

With 4.37 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.65 million shares. The 52-week range on GSAT shows that it touched its highest point at $2.13 and its lowest point at $0.85 during that stretch. It currently has a 1-year price target of $3.92. Beta for the stock currently stands at 0.84.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GSAT was down-trending over the past week, with a drop of -2.88%, but this was down by -13.46% over a month. Three-month performance dropped to -28.57% while six-month performance rose 9.76%. The stock gained 20.54% in the past year, while it has lost -30.41% so far this year. A look at the trailing 12-month EPS for GSAT yields -0.02 with Next year EPS estimates of -0.01. For the next quarter, that number is -0.00. This implies an EPS growth rate of -221.96% for this year and -25.00% for next year. EPS is expected to grow by 15.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -21.49%.

Float and Shares Shorts:

At present, 1.88 billion GSAT shares are outstanding with a float of 757.79 million shares on hand for trading. On Mar 15, 2024, short shares totaled 29.55 million, which was 1.57% higher than short shares on Feb 15, 2024. In addition to GSAT as the firm’s Globalstar, Inc., GSIT serves as its GSI Technology, Inc.

Institutional Ownership:

Through their ownership of 19.10% of GSAT’s outstanding shares, institutional investors have minority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GSAT since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.