NYSE:GSAT

Globalstar (GSAT) Stock Price, News & Analysis

$1.28
-0.02 (-1.54%)
(As of 04/24/2024 08:59 PM ET)
Today's Range
$1.27
$1.31
50-Day Range
$1.25
$1.47
52-Week Range
$0.85
$2.13
Volume
2.00 million shs
Average Volume
4.23 million shs
Market Capitalization
$2.41 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
N/A
GSAT stock logo

About Globalstar Stock (NYSE:GSAT)

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.

GSAT Stock Price History

GSAT Stock News Headlines

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GSAT Apr 2024 1.500 call
GSAT Oct 2024 1.500 put
The Top 7 Telecom Stocks to Buy in March 2024
Globalstar Announces 2023 Financial Results
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GSAT Mar 2024 1.000 put
GSAT Feb 2024 0.500 call
Globalstar, Inc. Earnings Release and Call Notice
Globalstar: Stock's 'Apple' Surge Is Fading
Globalstar: Balancing Satellite Capex And Growth
Globalstar Announces Third Quarter 2023 Results
See More Headlines
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Company Calendar

Last Earnings
2/28/2024
Today
4/25/2024
Next Earnings (Estimated)
5/03/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Communication services, not elsewhere classified
Sub-Industry
N/A
Fax
N/A
Employees
348
Year Founded
N/A

Profitability

Net Income
$-24,720,000.00
Pretax Margin
-10.54%

Debt

Sales & Book Value

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

Miscellaneous

Outstanding Shares
1,883,924,000
Free Float
715,891,000
Market Cap
$2.41 billion
Optionable
Optionable
Beta
0.84
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Key Executives

  • Mr. James Monroe III (Age 69)
    Executive Chairman
    Comp: $50k
  • Ms. Rebecca S. ClaryMs. Rebecca S. Clary (Age 45)
    VP & CFO
    Comp: $345.66k
  • Mr. L. Barbee Ponder IV (Age 57)
    General Counsel & VP of Regulatory Affairs
    Comp: $353.61k
  • Mr. Timothy Evan Taylor (Age 40)
    VP of Finance, Business Operations & Strategy and Director
    Comp: $50k
  • Dr. Paul E. Jacobs Ph.D. (Age 62)
    CEO & Director
  • Mr. Wen Doong
    Senior Vice President of Engineering & Operations
  • Mr. Matthew S. Grob (Age 58)
    Chief Technology Officer
  • Mr. Peter Black
    Chief Scientist
  • Mr. Kyle Pickens CFA
    Vice President of Strategy & Communications
  • Mr. Jake Rembert
    Vice President of Sales - United States, Africa and Central & South America

GSAT Stock Analysis - Frequently Asked Questions

How have GSAT shares performed in 2024?

Globalstar's stock was trading at $1.94 at the start of the year. Since then, GSAT shares have decreased by 34.0% and is now trading at $1.28.
View the best growth stocks for 2024 here
.

When is Globalstar's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, May 3rd 2024.
View our GSAT earnings forecast
.

How were Globalstar's earnings last quarter?

Globalstar, Inc. (NYSE:GSAT) posted its quarterly earnings data on Wednesday, February, 28th. The company reported ($0.01) earnings per share (EPS) for the quarter. The firm earned $52.41 million during the quarter, compared to the consensus estimate of $53.06 million. Globalstar had a negative net margin of 14.61% and a negative trailing twelve-month return on equity of 6.43%.

What ETFs hold Globalstar's stock?

ETFs with the largest weight of Globalstar (NYSE:GSAT) stock in their portfolio include Procure Space ETF (UFO).SPDR S&P Telecom ETF (XTL).

What guidance has Globalstar issued on next quarter's earnings?

Globalstar issued an update on its FY 2024 earnings guidance on Wednesday, February, 28th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $225.0 million-$250.0 million, compared to the consensus revenue estimate of $246.8 million.

What other stocks do shareholders of Globalstar own?
Who are Globalstar's major shareholders?

Globalstar's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Simplicity Wealth LLC (0.00%). Insiders that own company stock include James F Lynch, L Barbee Iv Ponder and Rebecca Clary.
View institutional ownership trends
.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:GSAT) was last updated on 4/25/2024 by MarketBeat.com Staff

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