These are top 10 stocks traded on the Robinhood UK platform in July
Rebecca Clary, Vice President and Chief Financial Officer of Globalstar, Inc. (NYSE:GSAT), has recently sold 349 shares of the company’s voting common stock. The shares were sold at an average price of $21.71, resulting in a total transaction value of approximately $7,576. Following this sale, Clary now owns 100,311 shares of Globalstar. The transaction comes as the stock has seen a -28.53% decline year-to-date, despite the company’s healthy revenue growth of 11.86% and strong liquidity position with a current ratio of 3.16.InvestingPro analysis reveals 8 additional key insights about Globalstar’s financial health and valuation metrics.
Additionally, Clary acquired 2,165 shares of restricted stock as part of the company’s 2006 Equity Incentive Plan. These shares were awarded at no cost, with one-third vesting immediately and the remainder scheduled to vest over the next two years. The reported transactions reflect adjustments due to a 1-for-15 reverse stock split that Globalstar executed on February 10, 2025. The stock currently trades between its 52-week range of $15.00 to $41.10, with trading volumes averaging 1.01 million shares daily.
In other recent news, Globalstar Inc (NASDAQ:GSAT). reported its fourth-quarter 2024 earnings, showing a notable miss in earnings per share (EPS) expectations. The company recorded an EPS of -$0.42, significantly below the anticipated -$0.0012. However, Globalstar’s revenue exceeded projections, reaching $61.17 million compared to the forecast of $60.24 million. Despite the revenue beat, the substantial EPS miss has impacted investor sentiment. Globalstar ended 2024 with a strong cash position of $391.2 million, and its annual adjusted EBITDA increased by 16% to $135.3 million. The company recently completed its uplisting to the NASDAQ Global Select Market and implemented a one-for-15 reverse stock split to enhance stock liquidity. Looking ahead, Globalstar projects 2025 revenue between $260 million and $285 million, with plans to expand its MSS network capabilities. The company also continues to advance its strategic initiatives, including launching new satellite solutions and expanding into 5G technology.
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