Globalstar, Inc. (Globalstar) provides mobile satellite services (MSS), including voice and data communications services globally through satellite. The Company provides wireless communications services in areas not served or underserved by terrestrial wireless and wireline networks and in circumstances where terrestrial networks are not operational due to natural or man-made disasters. It offers voice and data communication services over its network of in-orbit satellites and its active ground stations (gateways), which it refers to collectively as the Globalstar System. The Company's services are available only with equipment designed to work on its network two-way voice communication and data transmissions (Duplex) using mobile or fixed devices, and one-way data transmissions (Simplex) using a mobile or fixed device that transmits its location and other information to a central monitoring station, including certain SPOT and Simplex products.
Industry, Sector and Symbol:
- Sector: Telecommunications Services
- Industry: Satellite Service Operators
- Sub-Industry: N/A
- Symbol: NASDAQ:GSAT
- CUSIP: N/A
- Web: https://www.globalstar.com/
- Market Cap: $2.05 billion
- Outstanding Shares: 1,159,406,000
- 50 Day Moving Avg: $1.90
- 200 Day Moving Avg: $1.92
- 52 Week Range: $0.73 - $2.59
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: -25.29
- P/E Growth: -0.85
- Annual Revenue: $102.71 million
- Price / Sales: 19.98
- Book Value: $0.08 per share
- Price / Book: 22.13
- EBIDTA: $20.05 million
- Net Margins: -351.08%
- Return on Equity: -320.82%
- Return on Assets: -35.30%
- Average Volume: 2.96 million shs.
- Short Ratio: 21.99
Frequently Asked Questions for Globalstar (NASDAQ:GSAT)
What is Globalstar's stock symbol?
Globalstar trades on the NASDAQ under the ticker symbol "GSAT."
How were Globalstar's earnings last quarter?
Globalstar, Inc. (NASDAQ:GSAT) issued its earnings results on Thursday, August, 3rd. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.02) by $0.07. The business had revenue of $28.13 million for the quarter, compared to analysts' expectations of $25.66 million. Globalstar had a negative return on equity of 320.82% and a negative net margin of 351.08%. The company's revenue for the quarter was up 12.1% on a year-over-year basis. During the same period last year, the business earned $0.01 EPS. View Globalstar's Earnings History.
Where is Globalstar's stock going? Where will Globalstar's stock price be in 2017?
2 analysts have issued 12 month price objectives for Globalstar's shares. Their forecasts range from $2.50 to $2.50. On average, they anticipate Globalstar's stock price to reach $2.50 in the next twelve months. View Analyst Ratings for Globalstar.
Who are some of Globalstar's key competitors?
Some companies that are related to Globalstar include Inmarsat Plc (ISAT), Straight Path Communications (STRP), Talktalk Telecom Group PLC (TALK), Neustar (NSR), Telecom plus PLC (TEP), ORBCOMM (ORBC), KCOM Group PLC (KCOM), Manx Telecom PLC (MANX), Eckoh PLC (ECK), Maintel Holdings plc (MAI), AdEPT Telecom plc (ADT), Satellite Solutions Worldwide Group PLC (SAT), Filtronic Plc (FTC), Avanti Communications Group PLC (AVN), Alternative Networks Plc (AN), Alteva (ALTV), BlackBerry Ltd (RIMM) and BT Group plc (BT.A).
Who are Globalstar's key executives?
Globalstar's management team includes the folowing people:
- James III Monroe III, Executive Chairman of the Board, Chief Executive Officer
- Rebecca S. Clary, Chief Financial Officer, Vice President
- L. Barbee Ponder IV, Vice President - Regulatory Affairs, General Counsel
- Kyle Pickens, Vice President - Strategy and Communications
- Richard S. Roberts, Corporate Secretary, Director
- James F. Lynch, Director
- William Albert Hasler, Independent Director
- John M.R. Kneuer, Independent Director
- J. Patrick Patrick McIntyre Jr., Independent Director
- Kenneth M. Young, Independent Director
Who owns Globalstar stock?
Globalstar's stock is owned by many different of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (4.04%), Beck Mack & Oliver LLC (1.89%), York Capital Management Global Advisors LLC (0.99%), State Street Corp (0.74%), FMR LLC (0.52%) and Northern Trust Corp (0.47%). View Institutional Ownership Trends for Globalstar.
Who sold Globalstar stock? Who is selling Globalstar stock?
Globalstar's stock was sold by a variety of institutional investors in the last quarter, including York Capital Management Global Advisors LLC, Columbia Pacific Advisors LLC, Matlinpatterson Global Advisers LLC, FMR LLC, First Trust Advisors LP, TIAA CREF Investment Management LLC, ProShare Advisors LLC and Principal Financial Group Inc.. View Insider Buying and Selling for Globalstar.
Who bought Globalstar stock? Who is buying Globalstar stock?
Globalstar's stock was purchased by a variety of institutional investors in the last quarter, including MIG Capital LLC, Cyrus Capital Partners L.P., Vanguard Group Inc., AlphaOne Investment Services LLC, Northern Trust Corp, Schwab Charles Investment Management Inc., Alliancebernstein L.P. and State Street Corp. View Insider Buying and Selling for Globalstar.
How do I buy Globalstar stock?
Shares of Globalstar can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Globalstar's stock price today?
MarketBeat Community Rating for Globalstar (NASDAQ GSAT)MarketBeat's community ratings are surveys of what our community members think about Globalstar and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Globalstar stock can currently be purchased for approximately $1.77.
Consensus Ratings for Globalstar (NASDAQ:GSAT) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Buy Ratings|
|Consensus Rating:||Buy (Score: 3.00)|
|Consensus Price Target: ||$2.50 (41.24% upside)|
Analysts' Ratings History for Globalstar (NASDAQ:GSAT)
(Data available from 9/24/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|4/12/2017||Chardan Capital||Reiterated Rating||Buy||$2.50||Low|
|3/28/2017||Odeon Capital Group LLC||Reiterated Rating||Positive||Low|
Earnings History for Globalstar (NASDAQ:GSAT)Earnings History by Quarter for Globalstar (NASDAQ GSAT)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/3/2017||Q2 2017||($0.02)||($0.09)||$25.66 million||$28.13 million||View||Listen|
|5/4/2017||3/31/2017||($0.02)||($0.02)||$23.77 million||$24.65 million||View||Listen|
Earnings Estimates for Globalstar (NASDAQ:GSAT)
Current Year EPS Consensus Estimate: $-0.14 EPS
Next Year EPS Consensus Estimate: $-0.07 EPS
Dividend History for Globalstar (NASDAQ:GSAT)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Globalstar (NASDAQ:GSAT)Insider Trades by Quarter for Globalstar (NASDAQ:GSAT)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|6/30/2017||James Monroe III||CEO||Buy||17,837,838||$1.85||$33,000,000.30|| |
Headline Trends for Globalstar (NASDAQ:GSAT)
Latest Headlines for Globalstar (NASDAQ:GSAT)
|What You Must Know About Globalstar Inc’s (GSAT) Risks|
finance.yahoo.com - September 20 at 4:17 PM
|University of Mississippi and Globalstar Announce Strategic Partnership|
finance.yahoo.com - August 30 at 4:40 PM
|What's Up With Globalstar Inc.?|
finance.yahoo.com - August 15 at 12:35 AM
|Globalstar, Inc. :GSAT-US: Earnings Analysis: Q2, 2017 By the Numbers : August 8, 2017|
finance.yahoo.com - August 8 at 6:54 PM
|Don't Buy the Hype With Globalstar Inc.|
finance.yahoo.com - August 8 at 6:54 PM
|Globalstar, Inc. (GSAT) Releases Earnings Results|
www.americanbankingnews.com - August 5 at 8:48 PM
|ETFs with exposure to Globalstar, Inc. : July 14, 2017|
finance.yahoo.com - July 20 at 8:13 PM
|Globalstar, Inc. (GSAT) CEO Acquires $33,000,000.30 in Stock|
www.americanbankingnews.com - July 7 at 10:40 PM
|Globalstar Sees Unusually Large Options Volume (GSAT)|
www.americanbankingnews.com - May 17 at 7:22 AM
|Today's Research Reports on Stocks to Watch: Globalstar and Endocyte|
finance.yahoo.com - May 15 at 11:13 AM
|Why Globalstar, Inc. Stock Popped Today|
www.fool.com - May 12 at 3:11 PM
|Globalstar, Inc. (GSAT) Announces Earnings Results, Meets Estimates|
www.americanbankingnews.com - May 8 at 4:40 PM
|Edited Transcript of GSAT earnings conference call or presentation 4-May-17 12:30pm GMT|
finance.yahoo.com - May 4 at 10:43 PM
|Globalstar Announces First Quarter 2017 Results|
finance.yahoo.com - May 4 at 12:01 PM
|Globalstar (GSAT) Receiving Somewhat Favorable Press Coverage, Report Shows|
www.americanbankingnews.com - May 2 at 8:48 AM
|Globalstar (GSAT) Given Daily Media Impact Rating of 0.25|
www.americanbankingnews.com - April 29 at 10:47 PM
|Globalstar (GSAT) Earning Somewhat Positive Press Coverage, Analysis Finds|
www.americanbankingnews.com - April 25 at 8:58 PM
|Globalstar (GSAT) Given Media Impact Rating of 0.03|
www.americanbankingnews.com - April 21 at 8:48 PM
|SPOT Satellite Devices Reach Major Milestone with 5,000 Rescues Worldwide|
finance.yahoo.com - April 19 at 11:43 AM
|SPOT Satellite Device Reaches Major Milestone With 5000 Rescues Worldwide|
finance.yahoo.com - April 19 at 11:43 AM
|Globalstar (GSAT) Getting Somewhat Favorable Media Coverage, Report Finds|
www.americanbankingnews.com - April 18 at 7:13 PM
|Somewhat Positive Press Coverage Somewhat Likely to Impact Globalstar (GSAT) Share Price|
www.americanbankingnews.com - April 14 at 11:06 PM
|Chardan Capital Reaffirms Buy Rating for Globalstar, Inc. (GSAT)|
www.americanbankingnews.com - April 14 at 12:20 PM
|Globalstar, Inc. (GSAT) Rating Reiterated by Odeon Capital Group LLC|
www.americanbankingnews.com - April 3 at 12:18 PM
|Globalstar, Inc. (GSAT) Stock Rating Reaffirmed by Odeon Capital Group LLC|
www.americanbankingnews.com - March 28 at 11:50 AM
|GlobalStar downgraded by Chardan Capital Markets|
finance.yahoo.com - June 13 at 5:55 AM
|WisdomTree MidCap Earnings Fund -- Insider Buying Index Registering 11.8%|
www.nasdaq.com - May 24 at 12:39 PM
|Will Globalstar (GSAT) Continue to Surge Higher?|
finance.yahoo.com - May 20 at 9:26 AM
|Notable Tuesday Option Activity: GSAT, MHLD, AAP|
www.nasdaq.com - May 17 at 1:01 PM
|Warren Buffett takes a shine to Apple|
finance.yahoo.com - May 16 at 12:20 PM
|Why Globalstar Inc. Jumped More Than 20% Higher Today|
www.fool.com - May 16 at 11:41 AM
|Trending Now: GSAT|
finance.yahoo.com - May 15 at 9:31 PM
|Weak On High Volume: Globalstar (GSAT)|
www.thestreet.com - April 25 at 12:47 PM
|Orbital Tracking Corp. Enters Final Stage of SPOT Gen3(R) Messenger Rollout at UK's Forestry Commission|
finance.yahoo.com - April 18 at 8:00 AM
|[video]7 Big-Volume Stocks for Your Buy List|
www.thestreet.com - March 14 at 7:38 AM
Globalstar (GSAT) Chart for Sunday, September, 24, 2017