Globalstar, Inc. (NYSEMKT:GSAT) exchanged hands 5,665,260 shares versus average trading capacity of 9.83M shares. Globalstar, Inc. (NYSEMKT:GSAT)’s total market worth is $1.47B along with 981.63M outstanding shares.
Insiders has most recently took part in a trading activity, Ponder L Barbee IV, General Counsel of the company in a transaction that occurred 3/10/2017sold 86,770 shares of the stock. The stock was sold at a price of $1.42, for a total value of $123,213. Subsequent to the transaction Ponder L Barbee IV owned a total of 594,693 shares of the stock.
In a separate transaction on 3/2/2017, Clary Rebecca, VP & Chief Financial Officer sold 34,274 shares of the stock. The stock was sold at a price of $1.42, for a total worth of $48,669. Succeeding to the transaction Clary Rebecca owned overall 293,382 shares of the stock.
Moreover, Kagan David B., President & COO sold 18,567 shares of the stock in a reserved transaction that ensued on 2/28/2017. At a price of $1.37, the stock was sold for an entire value of $25,437. Consequent to the transaction Kagan David B. owned a total of 127,473 shares of the stock.
Currently, 0.10% shares of Globalstar, Inc. (NYSEMKT:GSAT) are owned by insiders with -11.25% six-month change in the insider ownership. The insider filler data counts the number of monthly positions over 3 month and 12 month time spans. For Globalstar, Inc. (NYSEMKT:GSAT) total 7 number of trades held during last 3 months and 15 during last 12 months, out of them 3 numbers of buys held in last 3 months and 6 buys in last 12 months. Whereas 4 numbers of sells held in last 3 months and 9 sells over the past 12 months.
For the duration of last three months Globalstar, Inc. (NYSEMKT:GSAT)’s total number of shares bought are 136,132 and sold 81,908 from a total of 218,040 traded shares. During last twelve months 773,132 number of shares bought and 115,886 sold from a total of 889,018 shares traded. A net activity of 54,224 took place in the course of three months, while 657,246 during last twelve months. Insider trading information is derived from Forms 3 and 4 filings are filed with the U.S. Securities and Exchange Commission (SEC).
Globalstar, Inc. (NYSEMKT:GSAT) ended last trading session at the price of $1.46 whereas a number of traders indicating mean target price will hit $2.50 over the next twelve months, mean value of price target most recently revised on 02/24/17. Globalstar, Inc. (NYSEMKT:GSAT)’s highest estimates of price target are $2.50 and low forecast is $2.50 based on the opinion of 1 analysts. The price target estimates represents a standard deviation of 1.77. However brokerage recommendations suggests an ABR of 1.00 based on calls of 2 experts.
Globalstar, Inc. (NYSEMKT:GSAT) is expected to release the earnings of its current quarter on 5/4/17. The company is expected to release $-0.02 EPS during current quarter according to 1 analysts whereas the company reported $-0.03 EPS during same quarter a year ago. For the current quarter the stock has a lowest EPS estimates of $-0.02 and high estimate of $-0.02. Globalstar, Inc. (NYSEMKT:GSAT)’s average revenue estimates for the current quarter are $23.77M according to 1 number of analysts. However its lowest revenue estimates are $23.77M and highest revenue estimates are $23.77M. A year ago the company’s sales were $21.84M. Its yearly sales growth estimates are 8.90%. For the next five years the analysts that follow this company are expecting its growth at 15.00%.