Globalstar Stock Forecast, Price & News

-0.08 (-4.52 %)
(As of 09/20/2021 12:00 AM ET)
Today's Range
50-Day Range
52-Week Range
Volume27.85 million shs
Average Volume38.84 million shs
Market Capitalization$3.03 billion
P/E RatioN/A
Dividend YieldN/A
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About Globalstar

Globalstar, Inc. engages in the provision of mobile satellite services. It offers voice and data communications services to 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.


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Industry, Sector and Symbol

Sales & Book Value






Overall MarketRank

1.39 out of 5 stars

Analyst Opinion: 1.0Community Rank: 4.3Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 0.0 5 -4 -3 -2 -1 -
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Globalstar (NYSEAMERICAN:GSAT) Frequently Asked Questions

Is Globalstar a buy right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Globalstar in the last year. There are currently 1 sell rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" Globalstar stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GSAT, but not buy additional shares or sell existing shares.
View analyst ratings for Globalstar
or view top-rated stocks.

What stocks does MarketBeat like better than Globalstar?

Wall Street analysts have given Globalstar a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Globalstar wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Globalstar's next earnings date?

Globalstar is scheduled to release its next quarterly earnings announcement on Friday, November 5th 2021.
View our earnings forecast for Globalstar

How were Globalstar's earnings last quarter?

Globalstar, Inc. (NYSEAMERICAN:GSAT) announced its quarterly earnings results on Thursday, August, 5th. The Wireless communications provider reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.01. The Wireless communications provider earned $30.28 million during the quarter, compared to analysts' expectations of $27.36 million. Globalstar had a negative net margin of 77.20% and a negative trailing twelve-month return on equity of 22.14%.
View Globalstar's earnings history

How has Globalstar's stock price been impacted by COVID-19 (Coronavirus)?

Globalstar's stock was trading at $0.31 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, GSAT shares have increased by 438.7% and is now trading at $1.67.
View which stocks have been most impacted by COVID-19

What price target have analysts set for GSAT?

2 equities research analysts have issued 12 month price objectives for Globalstar's stock. Their forecasts range from $0.55 to $0.55. On average, they expect Globalstar's stock price to reach $0.55 in the next year. This suggests that the stock has a possible downside of 67.1%.
View analysts' price targets for Globalstar
or view top-rated stocks among Wall Street analysts.

Who are Globalstar's key executives?

Globalstar's management team includes the following people:
  • 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

Who are some of Globalstar's key competitors?

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 variety of institutional and retail investors. Top institutional investors include Mudrick Capital Management L.P. (4.46%), Vanguard Group Inc. (3.74%), BlackRock Inc. (2.58%), Jefferies Group LLC (0.00%), Beck Mack & Oliver LLC (1.01%) and State Street Corp (0.79%). Company insiders that own Globalstar stock include Benjamin G Wolff and James Monroe III.
View institutional ownership trends for Globalstar

Which institutional investors are selling Globalstar stock?

GSAT stock was sold by a variety of institutional investors in the last quarter, including Mudrick Capital Management L.P., Legion Partners Asset Management LLC, Millennium Management LLC, MIG Capital LLC, Beck Mack & Oliver LLC, Goldman Sachs Group Inc., Virtu Financial LLC, and Susquehanna International Group LLP.
View insider buying and selling activity for Globalstar
or view top insider-selling stocks.

Which institutional investors are buying Globalstar stock?

GSAT stock was acquired by a variety of institutional investors in the last quarter, including Jefferies Group LLC, BlackRock Inc., Vanguard Group Inc., State Street Corp, Nuveen Asset Management LLC, Geode Capital Management LLC, Northern Trust Corp, and Penserra Capital Management LLC. Company insiders that have bought Globalstar stock in the last two years include Benjamin G Wolff, and James Monroe III.
View insider buying and selling activity for Globalstar
or or view top insider-buying stocks.

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 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 $1.67.

How much money does Globalstar make?

Globalstar has a market capitalization of $2.99 billion and generates $128.49 million in revenue each year. The Wireless communications provider earns $-109,640,000.00 in net income (profit) each year or ($0.07) on an earnings per share basis.

How many employees does Globalstar have?

Globalstar employs 346 workers across the globe.

What is Globalstar's official website?

The official website for Globalstar is www.globalstar.com.

Where are Globalstar's headquarters?

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 (985) 335-1500 or via email at [email protected].

This page was last updated on 9/20/2021 by MarketBeat.com Staff
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