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S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
2 Important Retail Stock Battles to Watch
Average 126% gains – NO losers!?   (Ad)pixel
Pipeline break spills 45,000 gallons of diesel in Wyoming
Sinema took Wall Street money while killing tax on investors
MarketBeat: Week in Review 8/8 - 8/12
How Much Longer Will It Be Under $1? (Ad)pixel
Expanded IRS free-file system one step closer in Dems' bill
In Biden's big bill: Climate, health care, deficit reduction
Climate bill: Could coal communities shift to nuclear?
How Much Longer Will It Be Under $1? (Ad)pixel
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
2 Important Retail Stock Battles to Watch
Average 126% gains – NO losers!?   (Ad)pixel
Pipeline break spills 45,000 gallons of diesel in Wyoming
Sinema took Wall Street money while killing tax on investors
MarketBeat: Week in Review 8/8 - 8/12
How Much Longer Will It Be Under $1? (Ad)pixel
Expanded IRS free-file system one step closer in Dems' bill
In Biden's big bill: Climate, health care, deficit reduction
Climate bill: Could coal communities shift to nuclear?
How Much Longer Will It Be Under $1? (Ad)pixel
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
2 Important Retail Stock Battles to Watch
Average 126% gains – NO losers!?   (Ad)pixel
Pipeline break spills 45,000 gallons of diesel in Wyoming
Sinema took Wall Street money while killing tax on investors
MarketBeat: Week in Review 8/8 - 8/12
How Much Longer Will It Be Under $1? (Ad)pixel
Expanded IRS free-file system one step closer in Dems' bill
In Biden's big bill: Climate, health care, deficit reduction
Climate bill: Could coal communities shift to nuclear?
How Much Longer Will It Be Under $1? (Ad)pixel
NYSE:GSAT

Globalstar - GSAT Stock Forecast, Price & News

$1.66
0.00 (0.00%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$1.61
$1.68
50-Day Range
$1.14
$1.66
52-Week Range
$0.90
$2.78
Volume
3.44 million shs
Average Volume
4.90 million shs
Market Capitalization
$2.99 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
N/A
GSAT stock logo

About Globalstar (NYSE:GSAT) Stock

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. It also provides SPOT consumer retail products, such as SPOT satellite GPS messenger for personal tracking, emergency location, and messaging solutions; and SPOT Trace, an anti-theft and asset tracking device. In addition, the company offers commercial Internet of Things one-way transmission products to track cargo containers and rail cars, as well as to monitor utility meters, and oil and gas assets. Further, it sells wholesale minutes to independent gateway operators (IGOs); and provides engineering services, such as hardware and software designs to develop specific applications; and installation of gateways and antennas. The company distributes its products directly, as well as through independent agents, dealers and resellers, retailers, IGOs, and sales force and e-commerce Website. As of December 31, 2020, it had approximately 745,000 subscribers. The company primarily serves recreation and personal, government, public safety and disaster relief, oil and gas, maritime and fishing, construction, utilities, and transportation, as well as natural resources, mining, and forestry markets. Globalstar, Inc. has a strategic alliance with XCOM Labs to jointly commercialize XCOM's capacity-multiplying technology with Globalstar's Band n53 for 5G deployments in the United States and other countries where Globalstar has terrestrial rights. The company was founded in 1993 and is headquartered in Covington, Louisiana.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Globalstar from a "sell" rating to a "hold" rating in a research note on Wednesday, May 11th.

Globalstar Stock Performance

GSAT Stock opened at $1.66 on Friday. Globalstar has a one year low of $0.90 and a one year high of $2.78. The company has a quick ratio of 0.55, a current ratio of 0.50 and a debt-to-equity ratio of 0.78. The stock has a fifty day moving average price of $1.34.

Globalstar (NYSE:GSAT - Get Rating) last released its earnings results on Thursday, August 4th. The company reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). Globalstar had a negative net margin of 74.68% and a negative return on equity of 28.57%. The company had revenue of $36.80 million during the quarter, compared to analysts' expectations of $29.71 million. As a group, equities analysts anticipate that Globalstar will post -0.05 earnings per share for the current fiscal year.

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GSAT Stock News Headlines

Globalstar (NYSE:GSAT) Sees Large Volume Increase
Globalstar: Q2 Earnings Snapshot
Globalstar (NYSE:GSAT) Shares Gap Down to $1.35
GSAT Jun 2022 1.000 call
LI, BHP and NAT among pre market gainers
See More Headlines
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GSAT Company Calendar

Last Earnings
8/04/2022
Today
8/13/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Communication services, not elsewhere classified
Sub-Industry
N/A
Fax
N/A
Employees
329
Year Founded
N/A

Profitability

Net Income
$-112,630,000.00
Pretax Margin
-75.07%

Debt

Sales & Book Value

Annual Sales
$124.30 million
Book Value
$0.18 per share

Miscellaneous

Outstanding Shares
1,801,000,000
Free Float
680,778,000
Market Cap
$2.99 billion
Optionable
Optionable
Beta
0.40

Key Executives

  • Mr. James Monroe III (Age 67)
    Exec. Chairman
    Comp: $50k
  • Mr. David B. Kagan (Age 60)
    Chief Exec. Officer
    Comp: $706.4k
  • Ms. Rebecca S. Clary (Age 43)
    VP & CFO
    Comp: $422.87k
  • Mr. L. Barbee Ponder IV (Age 55)
    Gen. Counsel & VP of Regulatory Affairs
  • Mr. Timothy Evan Taylor (Age 39)
    VP of Fin., Bus. Operations & Strategy and Director
    Comp: $50k
  • Mr. Wen Doong
    Sr. VP of Engineering & Operations
  • Mr. James A. Seese II
    VP of Admin.
  • Mr. Kyle Pickens CFA
    VP of Strategy & Communications
  • Denise Davila
    Corp. Communications Mang.
  • Mr. Richard S. Roberts (Age 76)
    Corp. Sec.













GSAT Stock - Frequently Asked Questions

How have GSAT shares performed in 2022?

Globalstar's stock was trading at $1.07 at the beginning of the year. Since then, GSAT stock has increased by 55.1% and is now trading at $1.66.
View the best growth stocks for 2022 here
.

How were Globalstar's earnings last quarter?

Globalstar, Inc. (NYSE:GSAT) posted its quarterly earnings results on Thursday, August, 4th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.01). The business had revenue of $36.80 million for the quarter, compared to the consensus estimate of $29.71 million. Globalstar had a negative trailing twelve-month return on equity of 28.57% and a negative net margin of 74.68%.

What other stocks do shareholders of Globalstar own?

What is Globalstar's stock symbol?

Globalstar trades on the New York Stock Exchange (NYSE) under the ticker symbol "GSAT."

How do I buy shares of Globalstar?

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

What is Globalstar's stock price today?

One share of GSAT stock can currently be purchased for approximately $1.66.

How much money does Globalstar make?

Globalstar (NYSE:GSAT) has a market capitalization of $2.99 billion and generates $124.30 million in revenue each year. The company earns $-112,630,000.00 in net income (profit) each year or ($0.05) on an earnings per share basis.

How many employees does Globalstar have?

The company employs 329 workers across the globe.

How can I contact Globalstar?

Globalstar's mailing address is 1351 Holiday Square Blvd, COVINGTON LA, 70433. The official website for the company is www.globalstar.com. The company can be reached via phone at 985 335 1500 or via email at investorrelations@globalstar.com.

This page (NYSE:GSAT) was last updated on 8/13/2022 by MarketBeat.com Staff

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