Drilling Down Into 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 $1.95, up from yesterday’s close by 2.09%. 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

Money managers are always interested in a company that can find the right recipe of fundamental data because it reflects something important going on underneath the surface. Globalstar, Inc. (GSAT) currently trades with a market capitalization of $1.95 Billion. That value represents a market adjusting for revenues that have been growing by 7.15 % on a quarterly year/year basis as of the company’s last quarterly report.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For GSAT, the company currently has $10.23 Million of cash on the books, which is offset by $75.76 Million current liabilities. You can get a sense of how sustainable that is by a levered free cash flow of $-13.74 Million over the past twelve months. Generally speaking, earnings are expected to hold steady in coming quarters. Perhaps, that suggests something about why 0.37% of the outstanding share supply is held by institutional investors.

Technical Analysis

No analysis is ever complete without a thorough survey of a stock’s technical behavior. Looking at the stock’s movement on the chart, Globalstar, Inc. recorded a 52-week high of $3.00. It is now trading 1.05% off that level. The stock is trading $1.61 its 50-day moving average by -0.34%. The stock carved out a 52-week low down at $0.63.

In recent action, Globalstar, Inc. (GSAT) has made a move of +21.88% 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 15.55, 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 24.01% with $343.81 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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