NYSEAMERICAN:GSAT - Globalstar Stock Price, News, & Analysis

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$0.59 -0.05 (-7.81 %)
(As of 02/22/2019 04:00 PM ET)
Previous Close$0.64
Today's Range$0.59 - $0.64
52-Week Range$0.29 - $1.01
Volume3.05 million shs
Average Volume2.06 million shs
Market Capitalization$746.94 million
P/E RatioN/A
Dividend YieldN/A
BetaN/A
Globalstar, Inc. provides mobile satellite voice and data 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, emergency response, and other applications; fixed voice and data satellite communications services and equipment in rural villages, ships, industrial and commercial sites, and residential sites; and satellite data modem services comprising asynchronous and packet data services. It also provides SPOT 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 Simplex one-way transmission products to track cargo containers and rail cars, to monitor utility meters, to monitor oil and gas assets, and other applications. Further, it provides engineering services, such as hardware and software designs to develop specific applications; and installation of gateways and antennas. Globalstar, Inc. distributes its products directly, as well as through independent agents, dealers and resellers, independent gateway operators, and its sales force and e-commerce Website. The company primarily serves recreation and personal; government; public safety and disaster relief; oil and gas; maritime and fishing; natural resources, mining, and forestry; construction; utilities; and transportation markets. As of December 31, 2017, it served approximately 700,000 subscribers. The company was founded in 2003 and is headquartered in Covington, Louisiana. Globalstar, Inc. is a subsidiary of Thermo Funding II LLC.

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Industry, Sector and Symbol

Stock Exchange NYSEAMERICAN
Industry Telecom Services
Sub-IndustryN/A
SectorCommunication Services
Current SymbolNYSEAMERICAN:GSAT
CUSIPN/A
Phone+1-408-9334000

Debt

Price-To-Earnings

Sales & Book Value

Annual SalesN/A

Profitability

Miscellaneous

Employees333
Outstanding Shares1,266,000,000
Market Cap$746.94 million
Next Earnings Date2/28/2019 (Estimated)
OptionableOptionable

Globalstar (NYSEAMERICAN:GSAT) Frequently Asked Questions

What is Globalstar's stock symbol?

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

How were Globalstar's earnings last quarter?

Globalstar, Inc. (NYSEAMERICAN:GSAT) posted its quarterly earnings results on Thursday, November, 2nd. The Wireless communications provider reported $0.04 EPS for the quarter, beating the Zacks' consensus estimate of ($0.02) by $0.06. The Wireless communications provider had revenue of $30.46 million for the quarter. View Globalstar's Earnings History.

When is Globalstar's next earnings date?

Globalstar is scheduled to release their next quarterly earnings announcement on Thursday, February 28th 2019. View Earnings Estimates for Globalstar.

What price target have analysts set for GSAT?

2 equities research analysts have issued 12-month price targets for Globalstar's stock. Their predictions range from $0.70 to $2.50. On average, they expect Globalstar's stock price to reach $1.60 in the next twelve months. This suggests a possible upside of 171.2% from the stock's current price. View Analyst Price Targets for Globalstar.

What is the consensus analysts' recommendation for Globalstar?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Globalstar in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Globalstar.

Has Globalstar been receiving favorable news coverage?

Media headlines about GSAT stock have been trending positive recently, according to InfoTrie Sentiment. The research firm scores the sentiment of media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Globalstar earned a news impact score of 2.3 on InfoTrie's scale. They also assigned media headlines about the Wireless communications provider a news buzz of 3.0 out of 10, indicating that recent media coverage is unlikely to have an impact on the stock's share price in the next several days.

Are investors shorting Globalstar?

Globalstar saw a decline in short interest during the month of January. As of January 31st, there was short interest totalling 47,637,842 shares, a decline of 9.6% from the January 15th total of 52,702,292 shares. Based on an average daily volume of 1,543,054 shares, the short-interest ratio is presently 30.9 days. Currently, 8.0% of the company's shares are short sold. View Globalstar's Current Options Chain.

Who are some of Globalstar's key competitors?

What other stocks do shareholders of Globalstar own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Globalstar investors own include Sprint (S), Foundation Medicine (FMI), General Electric (GE), Advanced Micro Devices (AMD), Immunomedics (IMMU), Novavax (NVAX), Johnson & Johnson (JNJ), ACADIA Pharmaceuticals (ACAD), Inovio Pharmaceuticals (INO) and Celgene (CELG).

Who are Globalstar's key executives?

Globalstar's management team includes the folowing people:
  • Mr. James Monroe III, Exec. Chairman (Age 64)
  • Mr. David B. Kagan, Chief Exec. Officer (Age 57)
  • Ms. Rebecca S. Clary, VP & CFO (Age 40)
  • Mr. L. Barbee Ponder IV, Gen. Counsel & VP of Regulatory Affairs (Age 52)
  • Mr. Wen Doong, Sr. VP of Engineering & Operations

Who are Globalstar's major shareholders?

Globalstar's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Beck Mack & Oliver LLC (1.59%), BlackRock Inc. (1.29%), 683 Capital Management LLC (1.27%), Columbia Pacific Advisors LLC (0.98%), Bank of New York Mellon Corp (0.41%) and Geode Capital Management LLC (0.39%). Company insiders that own Globalstar stock include James Monroe III, L Barbee Iv Ponder and Rebecca Clary. View Institutional Ownership Trends for Globalstar.

Which major investors are selling Globalstar stock?

GSAT stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, D. E. Shaw & Co. Inc., BlackRock Inc., GSA Capital Partners LLP, Water Island Capital LLC and Synovus Financial Corp. View Insider Buying and Selling for Globalstar.

Which major investors are buying Globalstar stock?

GSAT stock was bought by a variety of institutional investors in the last quarter, including 683 Capital Management LLC, Columbia Pacific Advisors LLC, Geode Capital Management LLC, SG Americas Securities LLC, Beck Mack & Oliver LLC, Bank of America Corp DE, Bank of New York Mellon Corp and Joel Isaacson & Co. LLC. View Insider Buying and Selling for Globalstar.

How do I buy shares of Globalstar?

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

What is Globalstar's stock price today?

One share of GSAT stock can currently be purchased for approximately $0.59.

How big of a company is Globalstar?

Globalstar has a market capitalization of $746.94 million. Globalstar employs 333 workers across the globe.

What is Globalstar's official website?

The official website for Globalstar is https://www.globalstar.com/.

How can I contact Globalstar?

Globalstar's mailing address is 300 Holiday Square Blvd, COVINGTON, LA 70433-6144, United States. The Wireless communications provider can be reached via phone at +1-408-9334000.


MarketBeat Community Rating for Globalstar (NYSEAMERICAN GSAT)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  145 (Vote Outperform)
Underperform Votes:  150 (Vote Underperform)
Total Votes:  295
MarketBeat's community ratings are surveys of what our community members think about Globalstar and other stocks. Vote "Outperform" if you believe GSAT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe GSAT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/22/2019 by MarketBeat.com Staff

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