Globalstar (NYSEAMERICAN:GSAT) Shares Gap Up - What's Next?

Key Points

• Globalstar shares opened at $27.39 after closing the previous day at $25.18, reflecting significant market interest with a current last traded price of $29.36.
• The stock has witnessed a **17.6% increase**, contributing to its market capitalization of **$3.74 billion** and a price-to-earnings ratio of -65.83.
• Globalstar, Inc. specializes in **mobile satellite services**, including voice and data communication solutions for various sectors and applications worldwide.

Globalstar, Inc. (NYSEAMERICAN:GSAT - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $25.18, but opened at $27.39. Globalstar shares last traded at $29.36, with a volume of 425,811 shares.

Globalstar Stock Performance

The firm's fifty day moving average price is $24.60 and its 200-day moving average price is $22.99. The company has a current ratio of 1.09, a quick ratio of 0.99 and a debt-to-equity ratio of 0.91. The firm has a market cap of $3.55 billion, a price-to-earnings ratio of -62.50 and a beta of 1.03.

Globalstar Company Profile

Globalstar, Inc provides mobile satellite services worldwide. 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; fixed voice and data satellite communications services and equipment at industrial, commercial, and residential sites, as well as rural villages and ships; and data modem services and equipment.