Taking a Fresh Look at Globalstar, Inc. (GSAT)

Globalstar, Inc. (GSAT) is an interesting player in the Technology space, with a focus on Wireless Communications. The stock has been active on the tape, currently trading at $0.67, up from yesterday’s close by 2.34%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Globalstar, Inc. (GSAT) currently trades with a market capitalization of $772.29 Million. That value represents a market adjusting for revenues that have been growing by 16.62 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $2.5 Million over the past twelve months. Generally speaking, earnings are expected to hold steady in coming quarters. Analysts are forecasting earnings of -$0.02 on a per share basis this quarter. Perhaps, that suggests something about why 0.36% of the outstanding share supply is held by institutional investors.

Technical Analysis

It’s important to check the technicals to get a sense of how GSAT has been acting. Looking at the stock’s movement on the chart, Globalstar, Inc. recorded a 52-week high of $2.51. It is now trading 1.84% off that level. The stock is trading $0.71 its 50-day moving average by 0.04%. The stock carved out a 52-week low down at $0.53.

In recent action, Globalstar, Inc. (GSAT) has made a move of -11.10% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 14.61, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 19.73% with $444.03 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of GSAT.

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