B. Riley Forecasts Globalstar's FY2026 Earnings (NYSE:GSAT)

Globalstar, Inc. (NYSE:GSAT - Free Report) - Investment analysts at B. Riley issued their FY2026 earnings per share (EPS) estimates for shares of Globalstar in a research note issued to investors on Wednesday, December 18th. B. Riley analyst M. Crawford expects that the company will post earnings per share of $0.01 for the year. The consensus estimate for Globalstar's current full-year earnings is ($0.01) per share. B. Riley also issued estimates for Globalstar's FY2027 earnings at $0.03 EPS.

Separately, StockNews.com upgraded Globalstar from a "sell" rating to a "hold" rating in a report on Monday, November 11th.

Globalstar Stock Up 3.7 %

NYSE:GSAT traded up $0.07 during trading hours on Thursday, reaching $1.95. 15,797,199 shares of the stock were exchanged, compared to its average volume of 8,039,066. Globalstar has a twelve month low of $1.00 and a twelve month high of $2.74. The stock has a 50-day simple moving average of $1.95. The stock has a market cap of $3.69 billion, a P/E ratio of -65.00 and a beta of 1.10. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.09 and a quick ratio of 0.99.

Insider Activity

In other news, Director William A. Hasler sold 90,000 shares of the business's stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $1.93, for a total transaction of $173,700.00. Following the completion of the transaction, the director now directly owns 848,668 shares of the company's stock, valued at approximately $1,637,929.24. The trade was a 9.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Timothy Evan Taylor sold 3,500,000 shares of the firm's stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $2.22, for a total transaction of $7,770,000.00. Following the completion of the sale, the vice president now directly owns 6,383,649 shares in the company, valued at approximately $14,171,700.78. This trade represents a 35.41 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 1,530,000 shares of company stock valued at $2,987,000 and sold 3,666,312 shares valued at $8,104,313. Insiders own 61.00% of the company's stock.

Hedge Funds Weigh In On Globalstar

Large investors have recently bought and sold shares of the business. FMR LLC increased its stake in Globalstar by 32.7% in the third quarter. FMR LLC now owns 4,473,492 shares of the company's stock valued at $5,547,000 after purchasing an additional 1,102,776 shares during the last quarter. XTX Topco Ltd grew its position in shares of Globalstar by 3,472.7% in the 3rd quarter. XTX Topco Ltd now owns 976,353 shares of the company's stock valued at $1,211,000 after buying an additional 949,025 shares during the last quarter. State Street Corp raised its stake in Globalstar by 3.4% during the 3rd quarter. State Street Corp now owns 17,583,625 shares of the company's stock worth $21,804,000 after acquiring an additional 580,305 shares in the last quarter. Geode Capital Management LLC lifted its position in Globalstar by 2.3% in the third quarter. Geode Capital Management LLC now owns 16,812,336 shares of the company's stock valued at $20,852,000 after acquiring an additional 382,288 shares during the last quarter. Finally, Barclays PLC lifted its position in Globalstar by 36.6% in the third quarter. Barclays PLC now owns 1,270,443 shares of the company's stock valued at $1,575,000 after acquiring an additional 340,476 shares during the last quarter. Hedge funds and other institutional investors own 18.89% of the company's stock.

About Globalstar

GLOBALSTAR INC offers satellite voice and data services to commercial and recreational users in more than 120 countries around the world. Globalstar's products include mobile and fixed satellite telephones, simplex and duplex satellite data modems and flexible service packages. Many land based and maritime industries benefit from Globalstar with increased productivity from remote areas beyond cellular and landline service.