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NYSEAMERICAN:GSAT

Globalstar (GSAT) Stock Price, News & Analysis

Globalstar logo
$1.75
-0.07 (-3.85%)
(As of 11/5/2024 ET)

About Globalstar Stock (NYSEAMERICAN:GSAT)

Key Stats

Today's Range
$1.66
$1.89
50-Day Range
N/A
52-Week Range
$1.00
$2.13
Volume
51.21 million shs
Average Volume
5.75 million shs
Market Capitalization
$3.15 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.

Globalstar Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
26th Percentile Overall Score

GSAT MarketRank™: 

Globalstar scored higher than 26% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Earnings Growth

    Earnings for Globalstar are expected to remain at ($0.01) per share in the coming year.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Globalstar is -15.91, 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 -15.91, 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 10.29. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    3.37% 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 5.7.
  • Change versus previous month

    Short interest in Globalstar has recently decreased by 5.37%, indicating that investor sentiment is improving significantly.
  • 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

    3.37% 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 5.7.
  • Change versus previous month

    Short interest in Globalstar has recently decreased by 5.37%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Globalstar has a news sentiment score of 0.91. 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 0.31 average news sentiment score of Communication Services companies.
  • News Coverage This Week

    MarketBeat has tracked 5 news articles for Globalstar this week, compared to 0 articles on an average week.
  • Search Interest

    29 people have searched for GSAT on MarketBeat in the last 30 days. This is an increase of 625% compared to the previous 30 days.
  • MarketBeat Follows

    2 people have added Globalstar to their MarketBeat watchlist in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Globalstar insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    62.00% 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 17.15% 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

Globalstar Expands Satellite Network with Apple Agreement
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GSAT Stock Analysis - Frequently Asked Questions

Globalstar, Inc. (NYSEAMERICAN:GSAT) issued its quarterly earnings results on Thursday, August, 8th. The company reported ($0.01) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.01). The company earned $60.39 million during the quarter, compared to analyst estimates of $57.49 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 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
11/05/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Telecom Services
Sub-Industry
N/A
Current Symbol
NYSEAMERICAN:GSAT
CIK
N/A
Fax
N/A
Employees
348
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
$148.50 million
Book Value
$0.17 per share

Miscellaneous

Outstanding Shares
1,800,000,000
Free Float
684,000,000
Market Cap
$3.15 billion
Optionable
Not Optionable
Beta
0.53
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This page (NYSEAMERICAN:GSAT) was last updated on 11/5/2024 by MarketBeat.com Staff
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