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NYSEMKT:GSAT

Globalstar (GSAT) Stock Price, News & Analysis

Globalstar logo
$1.82
+0.44 (+31.88%)
(As of 11/4/2024 ET)

About Globalstar Stock (NYSEMKT:GSAT)

Key Stats

Today's Range
$1.46
$1.85
50-Day Range
$1.04
$1.39
52-Week Range
N/A
Volume
117.94 million shs
Average Volume
3.03 million shs
Market Capitalization
$3.46 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
N/A
Consensus Rating
N/A

Company Overview

Globalstar, Inc. provides mobile satellite services in the United States, Canada, Europe, Central and South America, and internationally. The company offers duplex two-way voice and data products, including mobile voice and data satellite communications services and equipment for remote business continuity, recreational usage, safety, emergency preparedness and response, and other applications. It also provides one-way or two-way communications and data transmissions using mobile devices, including the SPOT family of products, such as SPOT X, SPOT Gen4, and SPOT Trace that transmit messages and the location of the device; commercial Internet of Things transmission products to track cargo containers and rail cars, as well as to monitor utility meters, and oil and gas assets; small satellite transmitter modules comprising the STX-3, ST-150 and ST100, and chips that enable an integrator's products to access its network; engineering and other communication services using MSS and terrestrial spectrum licenses; undertakes installation of gateways and antennas; and hardware and software products design and development services. The company distributes its products through retailers and sales force, as well as www.findmespot.com e-commerce website. Globalstar, Inc. serves recreation and personal, government, public safety and disaster relief, oil and gas, animal tracking, maritime and fishing, construction, utilities, and transportation, as well as natural resources, mining, leisure, emergency services, agriculture, and forestry markets. The company was founded in 1993 and is headquartered in Covington, Louisiana.

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GSAT Stock News Headlines

We recommended Nvidia in 2016, now we’re recommending this…
The AI boom is just getting started. And the real wealth has still to be made…
Globalstar to use portion of Apple cash prepayments for debt repayment
See More Headlines

GSAT Stock Analysis - Frequently Asked Questions

Globalstar's stock was trading at $1.94 on January 1st, 2024. Since then, GSAT stock has decreased by 6.2% and is now trading at $1.82.
View the best growth stocks for 2024 here
.

Globalstar, Inc. (NYSEMKT:GSAT) released its quarterly earnings results on Thursday, November, 4th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by $0.01. The business had revenue of $32.61 million for the quarter, compared to analysts' expectations of $28.39 million. Globalstar had a negative net margin of 112.72% and a negative trailing twelve-month return on equity of 76.89%.

Shares of GSAT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Globalstar investors own include Tesla (TSLA), Meta Platforms (META), NVIDIA (NVDA), Advanced Micro Devices (AMD), NIO (NIO), Palantir Technologies (PLTR) and Ford Motor (F).

Company Calendar

Last Earnings
11/04/2021
Today
11/05/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Telecom Services
Sub-Industry
Communication
Current Symbol
NYSEMKT:GSAT
Fax
N/A
Employees
330
Year Founded
N/A

Profitability

Net Income
$-256,920,000.00
Net Margins
-112.72%
Pretax Margin
-110.68%

Debt

Sales & Book Value

Annual Sales
$226.96 million
Book Value
$0.17 per share

Miscellaneous

Outstanding Shares
1,900,000,000
Free Float
684,000,000
Market Cap
$3.46 billion
Optionable
Not Optionable
Beta
0.85
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This page (NYSEMKT:GSAT) was last updated on 11/5/2024 by MarketBeat.com Staff
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