Globalstar, Inc. (NYSE:GSAT) stock is currently pricing at roughly $1.91. Our analysis shows that the stock is widely covered by equity research firms, and target prices are revealing. From a summary standpoint, we track the median one-year price target among 1 analysts covering the company at $2.50. That suggests shares of the stock may have another 24 percent to the upside left to run. Of those analysts we surveyed, the highest price target on recordsits at $2.50, which would imply another 69 percent in upside potential. If we look for a little more qualitative data on the range of expectations, we find in analyst notes that the stock has 1 “Buy” ratings in place. At the same time, 0 rate the stock a “strong buy”, suggesting more conviction in the story. As for the doubters, 0 equity research analyst firms call this stock a “Hold” and 0 consider it bad enough to warrant a “Sell” rating.
Analysts at Chardan Capital Markets took a look at GSAT shares in a research note released on Feb 24, 2017, and issued a Buy rating to this company. Chardan Capital Markets analysts provided their own take on company recently as well. In a research note published on Jun 13, 2016, the house assigned a Neutral rating to this stock. According to a piece that hit the wires on Oct 02, 2013, researchers at Midtown Partners reconsidered their prior rating on the stock, and upped it from Perform to Strong Buy.
Globalstar, Inc. (GSAT) Cap Table Analysis
Breaking down the capitalization table is our next goal. From a bird’s eye view, Executives hold 0.37 percent of the stock.
If we take a more granular look, Mr. L. Barbee Ponder, IV is one of the largest owners in company capital stock among insiders. According to U.S. Securities and Exchange Commission (SEC) filings, this investor owns 655,770 shares, representing a total current market value of roughly $1252520.7. Robert D. Miller is another major player among company insiders, currently holding 626,453 shares as of less than 0.1%, carrying a current market value of $1196525.23. Fuad Ahmad is currently ranked as the number three insider in terms of representation on the cap table for the stock, holding 607,266 shares, valued at around $1159878.06 as of recent close.
We noted a few insider transactions for the stock recently as well.
In a transaction on 2017-03-10, the company’s General Counsel Ponder L Barbee IV sold 86,770 company shares for 123210. That means, once accounting for this transaction, the General Counsel is left with a stake of 594,693 shares, carrying a current total market value of $1135864. In addition, by means of a transaction dated 2017-03-02, VP & CFO Clary Rebecca sold 34,274 shares worth $48670. After that transaction, this investor is left with a total holding of 293,382 shares, representing a total investment value of $560359.62. We also noted a 2016-05-17 transaction in which GSAT President & COO Kagan David B. purchased 37,000 shares at a stock price of $2.75, carrying a total value of $101750, after which, this insider’s investment stands at 67,000 shares, with an overall financial value of $127970.
Globalstar, Inc. (NYSE:GSAT) Earnings View
In the company’s last quarter, GSAT EPS moved to $ from $ compared sequentially with the prior quarter. Revenues for the company came in at $M. This stacks up against $M, on a sequential basis.
How does this compare with bottom and top-line expectations? Well, according to what we could find, analysts had been looking for the company to post net income of about $ per share on $M in revenue. That sets up an interesting next quarter report card. We would note that analysts seem to be projecting earnings, on average, for this quarter in the range of $-0.02 to $-0.02. On a year-over-year basis, that compares with an EPS comp of $.