Globalstar, Inc.s in-depth stock price analysis indicates that the stock price has rallied 60.62% in the past 12 Weeks but analyzing the 6 month chart of the stock, the price of the stock has managed to drop negative and it has dropped down to -0.74% . Looking at the past 52 week period, the stock price is up at 27.36% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Globalstar, Inc. has a positive value of 7.48 compared to overall market. Globalstar, Inc. (NYSEMKT:GSAT) has tumbled 14.01% during the past week and has dropped 11.18% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 14.71%. Globalstar, Inc. (NYSEMKT:GSAT) has underperformed the index by 12.77% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Globalstar, Inc. (NYSEMKT:GSAT) stock ended Friday session in the red zone in a volatile trading. The stock closed down 0.03 points or 2.17% at $1.35 with 8,815,456 shares getting traded. Post opening the session at $1.4, the shares hit an intraday low of $1.34 and an intraday high of $1.4285 and the price was in this range throughout the day. The company has a market cap of $1,506 million and the number of outstanding shares has been calculated to be 1,115,493,280 shares. The 52-week high of Globalstar, Inc. (NYSEMKT:GSAT) is $3 and the 52-week low is $0.632.
Globalstar Last issued its quarterly earnings results on Aug 4, 2016. The company reported $0.01 EPS for the quarter, beating the analyst consensus estimate by $ 0.03. Analyst had a consensus of $-0.02. The company had revenue of $25.09 million for the quarter, compared to analysts expectations of $24.26 million. The companys revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 EPS.
Company has reported several Insider transactions to the SEC, on May 18, 2016, David B. Kagan (COO) purchased 37,000 shares at 2.75 per share price.On Jan 26, 2016, L Barbee Iv Ponder (General Counsel) sold 1,300 shares at 1.67 per share price.On Dec 10, 2015, James Iii Monroe (CEO) purchased 2,000,000 shares at 1.85 per share price.
GLOBALSTAR INC offers satellite voice and data services to commercial and recreational users in more than 120 countries around the world. Globalstars products include mobile and fixed satellite telephones, simplex and duplex satellite data modems and flexible service packages. Many land based and maritime industries benefit from Globalstar with increased productivity from remote areas beyond cellular and landline service. Global customer segments include: oil and gas, government, mining, forestry, commercial fishing, utilities, military, transportation, heavy construction, emergency preparedness, and business continuity as well as individual recreational users. Globalstar data solutions are ideal for various asset and personal tracking, data monitoring and SCADA applications.