Globalstar - GSAT Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Globalstar in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" GSAT shares.
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1 analysts have issued twelve-month price targets for Globalstar's stock. Their GSAT share price forecasts range from $3.75 to $5.00. On average, they anticipate the company's share price to reach $4.38 in the next twelve months. This suggests a possible upside of 273.9% from the stock's current price.
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Globalstar's stock was trading at $1.39 on January 1st, 2023. Since then, GSAT shares have decreased by 15.8% and is now trading at $1.17.
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Globalstar saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 33,630,000 shares, an increase of 7.9% from the February 13th total of 31,170,000 shares. Based on an average daily volume of 3,910,000 shares, the days-to-cover ratio is presently 8.6 days. Currently, 4.9% of the shares of the company are sold short.
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Globalstar, Inc. (NYSEAMERICAN:GSAT) released its earnings results on Thursday, November, 4th. The Wireless communications provider reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by $0.01. The Wireless communications provider earned $32.61 million during the quarter, compared to the consensus estimate of $28.39 million. Globalstar had a negative net margin of 194.49% and a negative trailing twelve-month return on equity of 93.44%.

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), ProShares Ultra Communication Services (LTL) and Vanguard Communication Services ETF (VOX).Fidelity MSCI Communication Services Index ETF (FCOM) and

Globalstar updated its FY 2023 earnings guidance on Wednesday, March, 8th. The company provided earnings per share (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 $202.70 million.

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).

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

Globalstar's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Beck Mack & Oliver LLC (1.04%), Geode Capital Management LLC (0.68%), Charles Schwab Investment Management Inc. (0.29%), Two Sigma Investments LP (0.17%), Driehaus Capital Management LLC (0.15%) and Morgan Stanley (0.12%). 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.
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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.
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One share of GSAT stock can currently be purchased for approximately $1.17.

Globalstar (NYSEAMERICAN:GSAT) has a market capitalization of $2.11 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 ($0.14) on an earnings per share basis.

The company employs 329 workers across the globe.

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.