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NYSEAMERICAN:GSAT

Globalstar (GSAT) Stock Price, News & Analysis

Globalstar logo
$1.73 +0.02 (+1.17%)
(As of 11:09 AM ET)

About Globalstar Stock (NYSEAMERICAN:GSAT)

Key Stats

Today's Range
$1.64
$1.75
50-Day Range
$1.03
$1.86
52-Week Range
$1.00
$2.13
Volume
4.05 million shs
Average Volume
6.87 million shs
Market Capitalization
$3.29 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$5.00
Consensus Rating
Buy

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.

Globalstar Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
72nd Percentile Overall Score

GSAT MarketRank™: 

Globalstar scored higher than 72% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Globalstar has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Globalstar has only been the subject of 1 research reports in the past 90 days.

  • Read more about Globalstar's stock forecast and price target.
  • Earnings Growth

    Earnings for Globalstar are expected to grow in the coming year, from ($0.02) to ($0.01) per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Globalstar is -57.33, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Globalstar is -57.33, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Book Value per Share Ratio

    Globalstar has a P/B Ratio of 8.60. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    3.30% of the float of Globalstar has been sold short.
  • Short Interest Ratio / Days to Cover

    Globalstar has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Globalstar has recently decreased by 2.09%, indicating that investor sentiment is improving.
  • Dividend Yield

    Globalstar does not currently pay a dividend.

  • Dividend Growth

    Globalstar does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    3.30% of the float of Globalstar has been sold short.
  • Short Interest Ratio / Days to Cover

    Globalstar has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Globalstar has recently decreased by 2.09%, indicating that investor sentiment is improving.
  • News Sentiment

    Globalstar has a news sentiment score of 0.79. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.58 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 7 news articles for Globalstar this week, compared to 4 articles on an average week.
  • Search Interest

    63 people have searched for GSAT on MarketBeat in the last 30 days. This is an increase of 2,000% compared to the previous 30 days.
  • MarketBeat Follows

    10 people have added Globalstar to their MarketBeat watchlist in the last 30 days. This is an increase of 150% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Globalstar insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $575,650.00 in company stock.

  • Percentage Held by Insiders

    61.00% of the stock of Globalstar is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    Only 18.89% of the stock of Globalstar is held by institutions.

  • Read more about Globalstar's insider trading history.
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GSAT Stock News Headlines

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MarketBeat Week in Review – 11/11 - 11/15 (GSAT)
The post-election rally fizzled out as inflation concerns dampened hopes for rate cuts; next week investors will see if retail stocks bring holiday cheer.
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Globalstar: The Next Big Satellite Winner After Deal With Apple?
Globalstar is on the rise after its announcement of an expanded relationship with Apple. Is this stock ready to skyrocket more, or is it time for caution?
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Globalstar Wins Terrestrial Authority in Mexico
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GSAT Stock Analysis - Frequently Asked Questions

Globalstar's stock was trading at $1.94 at the beginning of the year. Since then, GSAT shares have decreased by 11.3% and is now trading at $1.72.
View the best growth stocks for 2024 here
.

Globalstar, Inc. (NYSEAMERICAN:GSAT) released its quarterly earnings data on Thursday, August, 8th. The company reported ($0.01) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.01). The company had revenue of $60.39 million for the quarter, compared to analyst estimates of $57.49 million. Globalstar had a negative trailing twelve-month return on equity of 9.49% and a negative net margin of 14.91%.

Globalstar's top institutional shareholders include Royce & Associates LP (0.25%), Harbor Capital Advisors Inc. (0.03%), Van ECK Associates Corp (0.02%) and Inspire Investing LLC (0.02%). Insiders that own company stock include James F Lynch, Timothy Evan Taylor, James Monroe III, David B Kagan, L Barbee Iv Ponder, Rebecca Clary, Keith O Cowan, Benjamin G Wolff and Paul E Jacobs.
View institutional ownership trends
.

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 B&G Foods (BGS), Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (CRESY), The GEO Group (GEO), ProPetro (PUMP), Tourmaline Oil (TOU), A-Mark Precious Metals (AMRK) and Alight (ALIT).

Company Calendar

Last Earnings
8/08/2024
Today
11/21/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Communication services, not elsewhere classified
Sub-Industry
Communication
Current Symbol
NYSEAMERICAN:GSAT
Fax
N/A
Employees
348
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$5.00
High Stock Price Target
$5.00
Low Stock Price Target
$5.00
Potential Upside/Downside
+190.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$-24,720,000.00
Pretax Margin
-18.90%

Debt

Sales & Book Value

Annual Sales
$223.81 million
Cash Flow
$0.03 per share
Book Value
$0.20 per share

Miscellaneous

Outstanding Shares
1,900,000,000
Free Float
741,000,000
Market Cap
$3.27 billion
Optionable
Optionable
Beta
0.88
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This page (NYSEAMERICAN:GSAT) was last updated on 11/21/2024 by MarketBeat.com Staff
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