NYSEAMERICAN:GSAT Globalstar (GSAT) Stock Forecast, Price & News $1.14 -0.04 (-3.39%) (As of 05/31/2023 ET) Add Compare Share Share Today's Range$1.12▼$1.1750-Day Range$0.91▼$1.4152-Week Range$0.85▼$2.98Volume4.71 million shsAverage Volume4.07 million shsMarket Capitalization$2.05 billionP/E RatioN/ADividend YieldN/APrice Target$3.24 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Globalstar MarketRank™ ForecastAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside184.2% Upside$3.24 Price TargetShort InterestBearish4.85% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews SentimentN/AInsider TradingAcquiring Shares$3.69 M Bought Last QuarterProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.80 out of 5 stars 3.3 Analyst's Opinion Consensus RatingGlobalstar has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $3.24, Globalstar has a forecasted upside of 184.2% from its current price of $1.14.Amount of Analyst CoverageGlobalstar has only been the subject of 1 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted4.85% of the float of Globalstar has been sold short.Short Interest Ratio / Days to CoverGlobalstar has a short interest ratio ("days to cover") of 7.8.Change versus previous monthShort interest in Globalstar has recently increased by 5.25%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldGlobalstar does not currently pay a dividend.Dividend GrowthGlobalstar does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for GSAT. Previous Next 1.1 News and Social Media Coverage News SentimentGlobalstar has a news sentiment score of -1.00. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.58 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 1 news article for Globalstar this week, compared to 4 articles on an average week.Search InterestOnly 21 people have searched for GSAT on MarketBeat in the last 30 days. This is a decrease of -16% compared to the previous 30 days.MarketBeat Follows18 people have added Globalstar to their MarketBeat watchlist in the last 30 days. This is an increase of 260% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Globalstar insiders have bought 588.25% more of their company's stock than they have sold. Specifically, they have bought $3,686,949.00 in company stock and sold $535,700.00 in company stock.Percentage Held by Insiders62.00% of the stock of Globalstar is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by InstitutionsOnly 18.13% of the stock of Globalstar is held by institutions. Previous Next 0.0 Earnings and Valuation Earnings GrowthEarnings for Globalstar are expected to remain at ($0.01) per share in the coming year.Price to Earnings Ratio vs. the MarketThe P/E ratio of Globalstar is -9.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Globalstar is -9.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioGlobalstar has a P/B Ratio of 6.71. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Globalstar (NYSEAMERICAN:GSAT) StockGlobalstar, Inc. engages in the provision of mobile satellite services. It offers voice and data communications services to the following markets: recreation and personal, government, public safety and disaster relief, oil and gas, maritime and fishing, natural resources, mining, and forestry, construction, utilities, and transportation. The company was founded in November 2003 and is headquartered in Covington, LA.Read More Receive GSAT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Globalstar and its competitors with MarketBeat's FREE daily newsletter. Email Address GSAT Stock News HeadlinesMay 21, 2023 | americanbankingnews.comGlobalstar (NYSE:GSAT) Research Coverage Started at StockNews.comMay 19, 2023 | msn.comLooking Into Globalstar's Return On Capital EmployedMay 31, 2023 | Behind the Markets (Ad)AI Creates New Cancer Drug - In Just 30 Days!On December 22, 2022, AI discovered a new treatment for multiple myeloma... in just 4 months... On March 19, 2023, AI discovered a new drug for liver cancer... in only 30 days... There's one small-cap at the center of it all. Bill Gates owns 7 million shares... Billionaire hedge-fund manager Steve Cohen owns 1.4 million shares...May 19, 2023 | americanbankingnews.comJames Monroe III Buys 75,175 Shares of Globalstar, Inc. (NYSEAMERICAN:GSAT) StockMay 19, 2023 | americanbankingnews.comGlobalstar (NYSEAMERICAN:GSAT) Receives New Coverage from Analysts at StockNews.comMay 18, 2023 | benzinga.com229K Reasons To Be Bullish On Globalstar StockMay 15, 2023 | finance.yahoo.comGlobalstar Announces Engagement With Jason Bernstein to Provide Strategic Advice on Investor Relations and OutreachMay 14, 2023 | americanbankingnews.comInsider Buying: Globalstar, Inc. (NYSEAMERICAN:GSAT) Director Acquires $701,774.37 in StockMay 31, 2023 | Stocks To Trade (Ad)15 A.I. Trading Opportunities a DayUsing our algorithm, we sift through 15,000 stocks every second. We generate 15 trading opportunities a day.May 14, 2023 | americanbankingnews.comGlobalstar (NYSEAMERICAN:GSAT) Shares Gap Up on Insider Buying ActivityMay 12, 2023 | americanbankingnews.comGlobalstar, Inc. to Post FY2023 Earnings of ($0.01) Per Share, B. Riley Forecasts (NYSEAMERICAN:GSAT)May 9, 2023 | americanbankingnews.comB. Riley Comments on Globalstar, Inc.'s Q1 2024 Earnings (NYSEAMERICAN:GSAT)May 6, 2023 | americanbankingnews.comGlobalstar (NYSEAMERICAN:GSAT) Lifted to Equal Weight at Morgan StanleyMay 6, 2023 | benzinga.comGlobalstar Announces First Quarter 2023 ResultsMay 6, 2023 | msn.comGlobalstar Q1: 79% Revenue Jump, Balance Sheet Improvements, Reiterated Outlook & MoreMay 5, 2023 | finance.yahoo.comGlobalstar (GSAT) Tops Q1 Earnings and Revenue EstimatesMay 3, 2023 | msn.comGlobalstar pops as Morgan Stanley upgrades, says financing overhang 'removed'May 3, 2023 | msn.comMorgan Stanley Upgrades Globalstar (GSAT)May 3, 2023 | americanbankingnews.comShort Interest in Globalstar, Inc. (NYSEAMERICAN:GSAT) Decreases By 10.2%April 27, 2023 | finance.yahoo.comGlobalstar, Inc. Earnings Release and Call NoticeApril 18, 2023 | sg.finance.yahoo.comGlobalstar, Inc. (GSAT) stock historical prices & data – Yahoo FinanceApril 16, 2023 | ca.finance.yahoo.comGlobalstar, Inc. (GSAT) Stock Historical Prices & Data - Yahoo FinanceApril 16, 2023 | americanbankingnews.comComparing (NYSE:GSAT) & Calix (NYSE:CALX)April 6, 2023 | americanbankingnews.comGlobalstar (NYSE:GSAT) Shares Gap Down to $1.14March 30, 2023 | seekingalpha.comGlobalstar: Still A Long Way To GoMarch 29, 2023 | msn.comGlobalstar jumps 8% as it shores up balance sheet with new $200M in financingMarch 29, 2023 | finance.yahoo.comGlobalstar Announces $200 Million Non-Convertible Financing to Satisfy Remaining Capital NeedsSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive GSAT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Globalstar and its competitors with MarketBeat's FREE daily newsletter. Email Address GSAT Company Calendar Last Earnings5/05/2023Today5/31/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSEAMERICAN Industry Communication services, not elsewhere classified Sub-IndustryN/A SectorComputer and Technology Current SymbolNYSEAMERICAN:GSAT CUSIPN/A CIK1366868 Webwww.globalstar.com Phone(985) 335-1500FaxN/AEmployees329Year FoundedN/APrice Target and Rating Average Stock Price Forecast$3.24 High Stock Price Forecast$5.00 Low Stock Price Forecast$0.97 Forecasted Upside/Downside+189.3%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)($0.12) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-256,920,000.00 Net Margins-138.36% Pretax Margin-137.58% Return on Equity-84.76% Return on Assets-27.41% Debt Debt-to-Equity Ratio0.59 Current Ratio0.45 Quick Ratio0.38 Sales & Book Value Annual Sales$148.50 million Price / Sales13.58 Cash FlowN/A Price / Cash FlowN/A Book Value$0.17 per share Price / Book6.59Miscellaneous Outstanding Shares1,800,000,000Free Float684,000,000Market Cap$2.02 billion OptionableOptionable Beta0.58 Key ExecutivesDave KaganChief Executive OfficerWen DoongSenior Vice President-Engineering & OperationsRebecca S. ClaryChief Financial Officer & Vice PresidentTim CalamariVP-Network, Information Technology & ApplicationsJames A. SeeseVice President-AdministrationKey CompetitorsGogoNASDAQ:GOGOEchoStarNASDAQ:SATSCalixNYSE:CALXCogent CommunicationsNASDAQ:CCOIAST SpaceMobileNASDAQ:ASTSView All CompetitorsInsiders & InstitutionsProShare Advisors LLCSold 11,000 shares on 5/26/2023Ownership: 0.004%JPMorgan Chase & Co.Bought 593,311 shares on 5/18/2023Ownership: 0.102%New York State Common Retirement FundSold 155,231 shares on 5/18/2023Ownership: 0.017%Squarepoint Ops LLCSold 255,420 shares on 5/16/2023Ownership: 0.020%Susquehanna International Group LLPBought 56,800 shares on 5/16/2023Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions GSAT Stock - Frequently Asked Questions Should I buy or sell Globalstar stock right now? 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Globalstar in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" GSAT shares. View GSAT analyst ratings or view top-rated stocks. What is Globalstar's stock price forecast for 2023? 2 brokers have issued twelve-month target prices for Globalstar's stock. Their GSAT share price forecasts range from $0.97 to $5.00. On average, they predict the company's share price to reach $3.24 in the next year. This suggests a possible upside of 189.3% from the stock's current price. View analysts price targets for GSAT or view top-rated stocks among Wall Street analysts. How have GSAT shares performed in 2023? Globalstar's stock was trading at $1.39 at the beginning of the year. Since then, GSAT shares have decreased by 19.4% and is now trading at $1.12. View the best growth stocks for 2023 here. Are investors shorting Globalstar? Globalstar saw a increase in short interest in May. As of May 15th, there was short interest totaling 33,700,000 shares, an increase of 5.2% from the April 30th total of 32,020,000 shares. Based on an average daily trading volume, of 4,330,000 shares, the days-to-cover ratio is presently 7.8 days. Currently, 4.9% of the company's stock are sold short. View Globalstar's Short Interest. How were Globalstar's earnings last quarter? Globalstar, Inc. (NYSEAMERICAN:GSAT) posted its quarterly earnings results on Friday, May, 5th. The Wireless communications provider reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.02. The Wireless communications provider had revenue of $58.64 million for the quarter, compared to the consensus estimate of $48.29 million. Globalstar had a negative net margin of 138.36% and a negative trailing twelve-month return on equity of 84.76%. What ETFs hold Globalstar's stock? ETFs with the largest weight of Globalstar (NYSEAMERICAN:GSAT) stock in their portfolio include Procure Space ETF (UFO), SPDR S&P Telecom ETF (XTL), Global X Internet of Things Thematic ETF (SNSR), First Trust Small Cap Growth AlphaDEX Fund (FYC), Vanguard Communication Services ETF (VOX).Fidelity MSCI Communication Services Index ETF (FCOM), What guidance has Globalstar issued on next quarter's earnings? Globalstar updated its FY 2023 earnings guidance on Sunday, May, 7th. The company provided EPS guidance of for the period. The company issued revenue guidance of $185.00 million-$230.00 million, compared to the consensus revenue estimate of $206.00 million. What other stocks do shareholders of Globalstar own? Based on aggregate information from My MarketBeat watchlists, some companies that other Globalstar investors own include SentinelOne (S), Corbus Pharmaceuticals (CRBP), Immunomedics (IMMU), Advanced Micro Devices (AMD), Inovio Pharmaceuticals (INO), General Electric (GE), Chesapeake Energy (CHKAQ), ACADIA Pharmaceuticals (ACAD) and Johnson & Johnson (JNJ). What is Globalstar's stock symbol? Globalstar trades on the New York Stock Exchange (NYSE)AMERICAN under the ticker symbol "GSAT." Who are Globalstar's major shareholders? Globalstar's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (2.52%), Beck Mack & Oliver LLC (1.02%), State Street Corp (0.83%), Geode Capital Management LLC (0.71%), Charles Schwab Investment Management Inc. (0.29%) and EMG Holdings L.P. (0.25%). Insiders that own company stock include Benjamin G Wolff, David B Kagan, James Monroe III, Keith O Cowan, L Barbee Iv Ponder, Rebecca Clary and Timothy Evan Taylor. 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 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 $1.12. How much money does Globalstar make? Globalstar (NYSEAMERICAN:GSAT) has a market capitalization of $2.02 billion and generates $148.50 million in revenue each year. The Wireless communications provider earns $-256,920,000.00 in net income (profit) each year or ($0.12) 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 5/31/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Globalstar, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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