About Globalstar (NYSEAMERICAN:GSAT)
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.
Industry, Sector and Symbol
Industry Telecom Services
Trailing P/E RatioN/A
Forward P/E RatioN/A
Sales & Book Value
Price / SalesN/A
Price / CashN/A
Price / BookN/A
EPS (Most Recent Fiscal Year)N/A
Return on Equity145.71%
Return on Assets18.96%
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 data on Thursday, May, 10th. The Wireless communications provider reported ($0.02) earnings per share for the quarter, hitting the Zacks' consensus estimate of ($0.02). The Wireless communications provider had revenue of $28.75 million for the quarter. Globalstar had a net margin of 172.06% and a return on equity of 145.71%. View Globalstar's Earnings History.
What price target have analysts set for GSAT?
1 analysts have issued 1-year target prices for Globalstar's shares. Their forecasts range from $0.70 to $0.70. On average, they anticipate Globalstar's share price to reach $0.70 in the next year. View Analyst Ratings for Globalstar.
Are investors shorting Globalstar?
Globalstar saw a decrease in short interest in the month of May. As of May 31st, there was short interest totalling 84,885,127 shares, a decrease of 1.8% from the May 15th total of 86,406,875 shares. Based on an average daily trading volume, of 5,801,067 shares, the days-to-cover ratio is presently 14.6 days. Currently, 14.7% of the company's stock are short sold.
Who are some of Globalstar's key competitors?
Some companies that are related to Globalstar include BEZEQ ISRAEL TE/ADR (BZQIY), Cogeco Communications (CCA), freenet (FNTN), Inmarsat (IMASF), Cogeco Communications (CGEAF), Inmarsat (ISAT), Tele Columbus (TC1), Cogeco (CGO), Orange Belgium (OBEL), Cogeco (CGECF), Spirent Communications (SPT), KCOM Group (KCOM), Hammer Fiber Optics (HMMR), Manx Telecom (MANX) and QSC (QSC).
Who are Globalstar's key executives?
Globalstar's management team includes the folowing people:
- Mr. James Monroe III, Chairman & CEO (Age 63)
- Mr. David B. Kagan, Pres & COO (Age 56)
- Ms. Rebecca S. Clary, VP & CFO (Age 39)
- Mr. L. Barbee Ponder IV, Gen. Counsel & VP of Regulatory Affairs (Age 51)
- Mr. James A. Seese II, VP of Admin.
Has Globalstar been receiving favorable news coverage?
Media headlines about GSAT stock have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Globalstar earned a media sentiment score of 0.20 on Accern's scale. They also assigned media headlines about the Wireless communications provider an impact score of 46.69 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.
Who are Globalstar's major shareholders?
Globalstar's stock is owned by many different of retail and institutional investors. Top institutional investors include FL INVESTMENT HOLDINGS LLC (53.12%), MUDRICK CAPITAL MANAGEMENT, L.P. (5.60%), MUDRICK CAPITAL MANAGEMENT, L.P. (5.60%), BlackRock Inc. (2.86%), New Generation Advisors LLC (0.47%) and Millennium Management LLC (0.46%). 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 BlackRock Inc., JPMorgan Chase & Co., Akanthos Capital Management LLC and Thornburg Investment Management Inc.. 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 SG Americas Securities LLC, Columbia Pacific Advisors LLC, Element Capital Management LLC, Tibra Equities Europe Ltd, New Generation Advisors LLC, Swift Run Capital Management LLC, Millennium Management LLC and Verition Fund Management 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 $0.5467.
How big of a company is Globalstar?
Globalstar has a market capitalization of $1.04 billion.
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 (GSAT)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.