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MSFT   248.32 (-0.23%)
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NVDA   130.80 (-0.66%)
NIO   15.91 (-4.90%)
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AMD   67.53 (-0.54%)
T   15.92 (-1.06%)
MU   54.54 (+1.07%)
CGC   3.02 (-3.82%)
F   12.43 (+0.57%)
GE   67.50 (-0.06%)
DIS   100.05 (-1.37%)
AMC   7.38 (-5.75%)
PYPL   93.79 (+1.08%)
PFE   44.04 (-0.94%)
NFLX   233.56 (-2.98%)
NYSEAMERICAN:GSAT

Globalstar - GSAT Stock Forecast, Price & News

$1.78
+0.02 (+0.85%)
(As of 10/5/2022 01:51 PM ET)
Add
Compare
Today's Range
$1.71
$1.80
50-Day Range
$1.23
$2.09
52-Week Range
$0.90
$2.98
Volume
124,137 shs
Average Volume
16.77 million shs
Market Capitalization
$3.20 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
N/A

Globalstar MarketRank™ Forecast

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
5.32% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.22mentions of Globalstar in the last 14 days
Based on 6 Articles This Week
Insider Trading
Acquiring Shares
$438,310 Bought Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.57 out of 5 stars

GSAT stock logo

About Globalstar (NYSEAMERICAN: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.

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GSAT Stock News Headlines

4 Low-Beta Tech Stocks to Hedge Against a Volatile Market
Form 8-A12B Global Star Acquisition - StreetInsider.com
See More Headlines
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GSAT Company Calendar

Last Earnings
8/04/2022
Today
10/05/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Communication services, not elsewhere classified
Sub-Industry
N/A
Current Symbol
NYSEAMERICAN:GSAT
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
$0.20 per share

Miscellaneous

Outstanding Shares
1,801,000,000
Free Float
680,778,000
Market Cap
$3.20 billion
Optionable
Optionable
Beta
0.41

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 $1.03 at the beginning of the year. Since then, GSAT stock has increased by 70.9% and is now trading at $1.76.
View the best growth stocks for 2022 here
.

Are investors shorting Globalstar?

Globalstar saw a decline in short interest during the month of September. As of September 15th, there was short interest totaling 36,780,000 shares, a decline of 15.8% from the August 31st total of 43,680,000 shares. Based on an average daily trading volume, of 9,410,000 shares, the short-interest ratio is presently 3.9 days. Currently, 5.3% of the company's shares are sold short.
View Globalstar's Short Interest
.

When is Globalstar's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our GSAT earnings forecast
.

How were Globalstar's earnings last quarter?

Globalstar, Inc. (NYSEAMERICAN:GSAT) issued its earnings results on Thursday, August, 4th. The Wireless communications provider reported ($0.01) EPS for the quarter, hitting analysts' consensus estimates of ($0.01). The Wireless communications provider earned $36.80 million during the quarter, compared to the consensus estimate of $29.71 million. Globalstar had a negative net margin of 74.68% and a negative trailing twelve-month return on equity of 28.57%.

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

Globalstar issued an update on its FY 2023 earnings guidance on Friday, September, 30th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $185.00 million-$230.00 million, compared to the consensus revenue estimate of $130.55 million.

What other stocks do shareholders of Globalstar own?
What is Globalstar's stock symbol?

Globalstar trades on the New York Stock Exchange (NYSE)AMERICAN 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 $1.76.

How much money does Globalstar make?

Globalstar (NYSEAMERICAN:GSAT) has a market capitalization of $3.17 billion and generates $124.30 million in revenue each year. The Wireless communications provider 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 300 Holiday Square Blvd, COVINGTON, LA 70433-6144, United States. The official website for the company is www.globalstar.com. The Wireless communications provider can be reached via phone at (985) 335-1500 or via email at investorrelations@globalstar.com.

This page (NYSEAMERICAN:GSAT) was last updated on 10/5/2022 by MarketBeat.com Staff

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