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Apr 14, 2023

An AI trading robot produced a 3.21% increase for GSAT last week

This AI trading robot, available at Swing trader: Top High-Volatility Stocks v.2 (TA), was a top performer in our robot factory, generating a 3.21% gain in just 3 trades while trading GSAT over the past week.

Last week, an AI trading robot available at Swing trader: Top High-Volatility Stocks v.2 (TA) produced an impressive 3.21% gain in just 3 trades while trading GSAT. This is a remarkable achievement that showcases the power of AI in financial trading. In this article, we will examine the earning results of GSAT and analyze its future prospects.

GSAT, or Globalstar Inc., is a leading provider of mobile satellite voice and data services. The company reported its earnings results for the fourth quarter of 2022 on February 23, 2023. The company reported a net loss of $18.8 million, or $0.03 per share, compared to a net loss of $31.4 million, or $0.05 per share, in the same period last year. The company's revenue for the quarter was $34.2 million, up from $30.5 million in the same period last year.

The company's earnings results indicate that it is on the path to recovery. The company's revenue has increased, and its net loss has decreased compared to the same period last year. The company's management has attributed the positive results to the successful execution of its strategic initiatives, which include the expansion of its mobile satellite services and the launch of new products.

Looking at GSAT's stock chart, we can see that the stock has been trading in a downward trend for the past few months. However, the stock has recently broken its lower Bollinger Band, indicating that it may be oversold. In 27 of 31 cases where GSAT's price broke its lower Bollinger Band, its price rose further in the following month. This suggests that there is an 87% chance of a continued upward trend.

Based on the earning results and the technical analysis, traders may consider buying the stock or exploring call options. The stock has the potential to jump back above the lower band and head toward the middle band. The AI trading robot at Swing trader: Top High-Volatility Stocks v.2 (TA) has already demonstrated the potential of AI in financial trading by producing a 3.21% gain in just 3 trades while trading GSAT last week.

The earning results of GSAT indicate that the company is on the path to recovery. The technical analysis suggests that there is an 87% chance of a continued upward trend. Traders may consider buying the stock or exploring call options. The use of AI trading robots, as demonstrated by Swing trader: Top High-Volatility Stocks v.2 (TA), can be a powerful tool in financial trading, and we can expect to see more AI-based trading systems in the future.

Related Ticker: GSAT

GSAT in upward trend: price may ascend as a result of having broken its lower Bollinger Band on June 17, 2024

GSAT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 34 cases where GSAT's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where GSAT's RSI Indicator exited the oversold zone, of 21 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.

The Moving Average Convergence Divergence (MACD) for GSAT just turned positive on June 11, 2024. Looking at past instances where GSAT's MACD turned positive, the stock continued to rise in of 50 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GSAT advanced for three days, in of 211 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on June 13, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on GSAT as a result. In of 98 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where GSAT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for GSAT entered a downward trend on June 17, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. GSAT’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 84, placing this stock better than average.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (6.702) is normal, around the industry mean (5.089). P/E Ratio (0.000) is within average values for comparable stocks, (145.582). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (9.572). GSAT has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.059). P/S Ratio (11.074) is also within normal values, averaging (13.186).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. GSAT’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

Notable companies

The most notable companies in this group are Verizon Communications (NYSE:VZ), Comcast Corp (NASDAQ:CMCSA), AT&T (NYSE:T), Lumen Technologies (NYSE:LUMN).

Industry description

Wireless Telecom includes companies that sell wireless antenna or satellite-based communication services. This is the fastest-growing area in communications, as more and more communication and computing happen on mobile devices and cloud-based platforms. Wireless telecom is a key industry for global connectivity, and has even further room for growth in emerging markets and in rural parts of developed nations. People’s growing need for speed in data connectivity, higher resolution, and smoother video streaming and multimedia applications should drive growth and competition within this segment. T-Mobile US, Inc., Vodafone Group, and Sprint Corporation are some major providers of wireless telecom.

Market Cap

The average market capitalization across the Wireless Telecommunications Industry is 17.03B. The market cap for tickers in the group ranges from 9.67K to 12.88T. LNETF holds the highest valuation in this group at 12.88T. The lowest valued company is IGLDF at 9.67K.

High and low price notable news

The average weekly price growth across all stocks in the Wireless Telecommunications Industry was -2%. For the same Industry, the average monthly price growth was 38%, and the average quarterly price growth was -3%. TCPFF experienced the highest price growth at 66%, while COMS experienced the biggest fall at -62%.

Volume

The average weekly volume growth across all stocks in the Wireless Telecommunications Industry was -12%. For the same stocks of the Industry, the average monthly volume growth was -18% and the average quarterly volume growth was -69%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 50
P/E Growth Rating: 54
Price Growth Rating: 60
SMR Rating: 71
Profit Risk Rating: 83
Seasonality Score: 2 (-100 ... +100)
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a provider of mobile satellite services

Industry WirelessTelecommunications

Profile
Fundamentals
Details
Industry
Wireless Telecommunications
Address
1351 Holiday Square Boulevard
Phone
+1 985 335-1500
Employees
348
Web
https://www.globalstar.com
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