There’s Reason For Concern Over Globalstar, Inc.’s (NASDAQ:GSAT) Massive 48% Price Jump
Despite an already strong run, Globalstar, Inc. (NASDAQ:GSAT) shares have been powering on, with a gain of 48% in the last thirty days. The annual gain comes to 148% following the latest surge, making investors sit up and take notice.
Following the firm bounce in price, given around half the companies in the United States’ Telecom industry have price-to-sales ratios (or “P/S”) below 1.2x, you may consider Globalstar as a stock to avoid entirely with its 21.5x P/S ratio. Although, it’s not wise to just take the P/S at face value as there may be an explanation why it’s so lofty.
