QQQ   347.99 (-0.57%)
AAPL   177.25 (-0.03%)
MSFT   328.39 (-0.85%)
META   264.72 (+0.84%)
GOOGL   122.87 (-0.65%)
AMZN   120.58 (-0.89%)
TSLA   203.93 (+1.38%)
NVDA   378.34 (-5.68%)
NIO   7.53 (+1.62%)
BABA   79.58 (+1.16%)
AMD   118.21 (-5.64%)
T   15.73 (+0.58%)
F   12.00 (-4.69%)
MU   68.20 (-4.87%)
CGC   0.84 (-2.34%)
GE   101.53 (-0.86%)
DIS   87.96 (+0.16%)
AMC   4.51 (-2.59%)
PFE   38.02 (+2.73%)
PYPL   61.99 (-0.10%)
NFLX   395.23 (+0.57%)
QQQ   347.99 (-0.57%)
AAPL   177.25 (-0.03%)
MSFT   328.39 (-0.85%)
META   264.72 (+0.84%)
GOOGL   122.87 (-0.65%)
AMZN   120.58 (-0.89%)
TSLA   203.93 (+1.38%)
NVDA   378.34 (-5.68%)
NIO   7.53 (+1.62%)
BABA   79.58 (+1.16%)
AMD   118.21 (-5.64%)
T   15.73 (+0.58%)
F   12.00 (-4.69%)
MU   68.20 (-4.87%)
CGC   0.84 (-2.34%)
GE   101.53 (-0.86%)
DIS   87.96 (+0.16%)
AMC   4.51 (-2.59%)
PFE   38.02 (+2.73%)
PYPL   61.99 (-0.10%)
NFLX   395.23 (+0.57%)
QQQ   347.99 (-0.57%)
AAPL   177.25 (-0.03%)
MSFT   328.39 (-0.85%)
META   264.72 (+0.84%)
GOOGL   122.87 (-0.65%)
AMZN   120.58 (-0.89%)
TSLA   203.93 (+1.38%)
NVDA   378.34 (-5.68%)
NIO   7.53 (+1.62%)
BABA   79.58 (+1.16%)
AMD   118.21 (-5.64%)
T   15.73 (+0.58%)
F   12.00 (-4.69%)
MU   68.20 (-4.87%)
CGC   0.84 (-2.34%)
GE   101.53 (-0.86%)
DIS   87.96 (+0.16%)
AMC   4.51 (-2.59%)
PFE   38.02 (+2.73%)
PYPL   61.99 (-0.10%)
NFLX   395.23 (+0.57%)
QQQ   347.99 (-0.57%)
AAPL   177.25 (-0.03%)
MSFT   328.39 (-0.85%)
META   264.72 (+0.84%)
GOOGL   122.87 (-0.65%)
AMZN   120.58 (-0.89%)
TSLA   203.93 (+1.38%)
NVDA   378.34 (-5.68%)
NIO   7.53 (+1.62%)
BABA   79.58 (+1.16%)
AMD   118.21 (-5.64%)
T   15.73 (+0.58%)
F   12.00 (-4.69%)
MU   68.20 (-4.87%)
CGC   0.84 (-2.34%)
GE   101.53 (-0.86%)
DIS   87.96 (+0.16%)
AMC   4.51 (-2.59%)
PFE   38.02 (+2.73%)
PYPL   61.99 (-0.10%)
NFLX   395.23 (+0.57%)
NYSEAMERICAN:GSAT

Globalstar (GSAT) Stock Forecast, Price & News

$1.14
-0.04 (-3.39%)
(As of 05/31/2023 ET)
Compare
Today's Range
$1.12
$1.17
50-Day Range
$0.91
$1.41
52-Week Range
$0.85
$2.98
Volume
4.71 million shs
Average Volume
4.07 million shs
Market Capitalization
$2.05 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$3.24

Globalstar MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
184.2% Upside
$3.24 Price Target
Short Interest
Bearish
4.85% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
$3.69 M 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.

1.80 out of 5 stars


GSAT stock logo

About Globalstar (NYSEAMERICAN:GSAT) Stock

Globalstar, 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.

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.

GSAT Stock News Headlines

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...
15 A.I. Trading Opportunities a Day
Using our algorithm, we sift through 15,000 stocks every second. We generate 15 trading opportunities a day.
Globalstar, Inc. Earnings Release and Call Notice
Comparing (NYSE:GSAT) & Calix (NYSE:CALX)
Globalstar (NYSE:GSAT) Shares Gap Down to $1.14
Globalstar: Still A Long Way To Go
See More Headlines
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.

GSAT Company Calendar

Last Earnings
5/05/2023
Today
5/31/2023
Fiscal Year End
12/31/2023

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

Price 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 Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$-256,920,000.00
Net Margins
-138.36%
Pretax Margin
-137.58%

Debt

Sales & Book Value

Annual Sales
$148.50 million
Book Value
$0.17 per share

Miscellaneous

Outstanding Shares
1,800,000,000
Free Float
684,000,000
Market Cap
$2.02 billion
Optionable
Optionable
Beta
0.58

Key Executives

  • Dave Kagan
    Chief Executive Officer
  • Wen Doong
    Senior Vice President-Engineering & Operations
  • Rebecca S. Clary
    Chief Financial Officer & Vice President
  • Tim Calamari
    VP-Network, Information Technology & Applications
  • James A. Seese
    Vice President-Administration













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 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?
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

My Account -