S&P 500   4,655.27
DOW   35,135.94
QQQ   399.69
S&P 500   4,655.27
DOW   35,135.94
QQQ   399.69
S&P 500   4,655.27
DOW   35,135.94
QQQ   399.69
S&P 500   4,655.27
DOW   35,135.94
QQQ   399.69
NYSEAMERICAN:GSAT

Globalstar Stock Forecast, Price & News

$1.41
-0.02 (-1.40%)
(As of 11/29/2021 04:00 PM ET)
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Compare
Today's Range
$1.36
$1.48
50-Day Range
N/A
52-Week Range
$0.31
$2.98
Volume
7.30 million shs
Average Volume
32.82 million shs
Market Capitalization
$2.53 billion
P/E Ratio
N/A
Dividend Yield
N/A
Beta
-0.01
30 days | 90 days | 365 days | Advanced Chart
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Globalstar logo

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.

Headlines

Globalstar (GSAT) Reports Q3 Loss, Tops Revenue Estimates
November 5, 2021 |  finance.yahoo.com
Globalstar Inc. Q3 Earnings Summary - Nasdaq
November 4, 2021 |  nasdaq.com
Globalstar Announces Third Quarter 2021 Results
November 4, 2021 |  finance.yahoo.com
See More Headlines

Industry, Sector and Symbol

Stock Exchange
NYSEAMERICAN
Industry
Communication services, not elsewhere classified
Sub-Industry
N/A
Current Symbol
NYSEAMERICAN:GSAT
Fax
N/A
Employees
346
Year Founded
N/A

Sales & Book Value

Annual Sales
$128.49 million
Book Value
$0.21 per share

Profitability

Net Income
$-109.64 million
Pretax Margin
-89.10%

Debt

Price-To-Earnings

Miscellaneous

Outstanding Shares
1,793,000,000
Free Float
638,308,000
Market Cap
$2.53 billion
Optionable
Optionable

Company Calendar

Last Earnings
11/04/2021
Today
11/30/2021
Fiscal Year End
12/31/2021

MarketRank

Overall MarketRank

1.51 out of 5 stars

Analyst Opinion: 1.0Community Rank: 4.3Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -












Globalstar (NYSEAMERICAN:GSAT) Frequently Asked Questions

Is Globalstar a buy right now?

2 Wall Street equities research 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 equities research 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.

How has Globalstar's stock price been impacted by Coronavirus?

Globalstar's stock was trading at $0.31 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, GSAT shares have increased by 354.8% and is now trading at $1.41.
View which stocks have been most impacted by COVID-19
.

Are investors shorting Globalstar?

Globalstar saw a drop in short interest in the month of November. As of November 15th, there was short interest totaling 43,690,000 shares, a drop of 25.3% from the October 31st total of 58,520,000 shares. Based on an average daily trading volume, of 37,940,000 shares, the short-interest ratio is presently 1.2 days. Approximately 5.9% of the shares of the stock are sold short.
View Globalstar's Short Interest
.

How were Globalstar's earnings last quarter?

Globalstar, Inc. (NYSEAMERICAN:GSAT) released its earnings results on Thursday, November, 4th. The Wireless communications provider reported ($0.02) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by $0.01. Globalstar had a negative trailing twelve-month return on equity of 24.40% and a negative net margin of 82.11%.
View Globalstar's earnings history
.

What price target have analysts set for GSAT?

2 analysts have issued 12-month price objectives for Globalstar's stock. Their forecasts range from $0.55 to $0.55. On average, they anticipate Globalstar's stock price to reach $0.55 in the next twelve months. This suggests that the stock has a possible downside of 61.0%.
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

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 Mudrick Capital Management L.P. (3.87%), BlackRock Inc. (2.51%), Beck Mack & Oliver LLC (0.99%), Renaissance Technologies LLC (0.30%), Morgan Stanley (0.27%) and Goldman Sachs Group Inc. (0.20%). 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, Penserra Capital Management LLC, BlackRock Inc., Morgan Stanley, Alliancebernstein L.P., Beck Mack & Oliver LLC, and Millennium Management LLC.
View insider buying and selling activity for Globalstar
or view top insider-selling stocks.

Which institutional investors are buying Globalstar stock?

GSAT stock was purchased by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Goldman Sachs Group Inc., Invesco Ltd., EAM Investors LLC, Bank of New York Mellon Corp, Two Sigma Advisers LP, Jennison Associates LLC, and State Board of Administration of Florida Retirement System. 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 $1.41.

How much money does Globalstar make?

Globalstar has a market capitalization of $2.53 billion and generates $128.49 million in revenue each year. The Wireless communications provider earns $-109.64 million in net income (profit) each year or ($0.06) 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 11/30/2021 by MarketBeat.com Staff

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