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NYSEMKT:GSAT

Globalstar (GSAT) Stock Forecast, Price & News

$1.22
-0.08 (-6.15%)
(As of 09/21/2023 ET)
Compare
Today's Range
$1.21
▼
$1.29
50-Day Range
$0.91
▼
$1.52
52-Week Range
N/A
Volume
4.38 million shs
Average Volume
3.03 million shs
Market Capitalization
$2.20 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$4.38
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media

Globalstar MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
258.8% Upside
$4.38 Price Target
Short Interest
N/A
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.50mentions of Globalstar in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.91 out of 5 stars

See Top Rated MarketRank™ Stocks Here

GSAT stock logo

About Globalstar (NYSEMKT:GSAT) Stock

Globalstar, Inc. provides mobile satellite 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 usage, safety, emergency preparedness and response, and other applications. It also provides one-way or two-way communications and data transmissions using mobile devices, including the SPOT family of products, such as SPOT X, SPOT Gen4, and SPOT Trace that transmit messages and the location of the device; commercial Internet of Things transmission products to track cargo containers and rail cars, as well as to monitor utility meters, and oil and gas assets; small satellite transmitter modules, such as the STX-3, ST-150 and ST100, and chips that enable an integrator's products to access company's network; and engineering and other communication services using MSS and terrestrial spectrum licenses, as well as undertakes installation of gateways and antennas. The company distributes its products through retailers, sales force, and e-commerce website. Globalstar, Inc. serves recreation and personal, government, public safety and disaster relief, oil and gas, maritime and fishing, construction, utilities, and transportation, as well as natural resources, mining, and forestry markets. The company was founded in 1993 and is headquartered in Covington, Louisiana.

GSAT Price History

GSAT Stock News Headlines

September 20, 2023 | finance.yahoo.com
Globalstar Inc (GSAT): A Deep Dive into Its Performance Potential
September 19, 2023 | finance.yahoo.com
Unveiling Globalstar (GSAT)'s Value: Is It Really Priced Right? A Comprehensive Guide
September 21, 2023 | Chaikin Analytics (Ad)
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September 14, 2023 | markets.businessinsider.com
Positive Report for Globalstar (GSAT) from Craig-Hallum
September 11, 2023 | msn.com
Windward's massive new Groupon stake: Insider trades & hedge funds weekly
September 8, 2023 | benzinga.com
Globalstar Director Makes $7.72M Stock Purchase
September 7, 2023 | finance.yahoo.com
Globalstar Is Ready for a New Phase of growth
September 4, 2023 | finance.yahoo.com
Globalstar Inc's Meteoric Rise: Unpacking the 33% Surge in Just 3 Months
September 21, 2023 | Chaikin Analytics (Ad)
Buy This Stock for AI Tidal Wave (not NVDA)
The internet boom made more millionaires than any tech  - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.
September 1, 2023 | msn.com
Globalstar Satellites Enter New Era With Qualcomm's Ex-CEO Paul Jacobs at Helm
September 1, 2023 | msn.com
Globalstar signs deal worth up to $64M with SpaceX, filing shows
August 31, 2023 | markets.businessinsider.com
Globalstar (GSAT) Receives a Buy from B.Riley Financial
August 30, 2023 | msn.com
Globalstar CEO Paul Jacobs talks Apple partnership and competition with SpaceX
August 30, 2023 | seekingalpha.com
Globalstar gains for second day as B. Riley sees 'win' in new management
August 30, 2023 | benzinga.com
Globalstar Stock Continues To Climb: What's Going On?
August 29, 2023 | msn.com
Why Is Globalstar (GSAT) Stock Up 25% Today?
August 29, 2023 | finance.yahoo.com
Globalstar Inc's Meteoric Rise: Unpacking the 29% Surge in Just 3 Months
August 29, 2023 | in.investing.com
Globalstar rallies 19% after naming Paul Jacobs as new CEO
August 29, 2023 | benzinga.com
Why Globalstar Shares Are Gaining Tuesday
August 29, 2023 | markets.businessinsider.com
Globalstar Appoints Paul Jacobs As CEO
August 29, 2023 | msn.com
Globalstar climbs 19%, appoints ex-Qualcomm chief Paul E. Jacobs as its new CEO
August 4, 2023 | finance.yahoo.com
Globalstar, Inc. (AMEX:GSAT) Q2 2023 Earnings Call Transcript
August 4, 2023 | finance.yahoo.com
Globalstar, Inc. (AMEX:GSAT) Q2 2023 Earnings Call Transcript
August 3, 2023 | msn.com
Globalstar Q2: 50% Revenue Jump, Tightened FY23 Outlook & More
August 3, 2023 | finance.yahoo.com
Globalstar (GSAT) Reports Break-Even Earnings for Q2
August 3, 2023 | seekingalpha.com
Globalstar Q2 2023 Earnings Preview
August 3, 2023 | markets.businessinsider.com
Globalstar Inc. Q2 Earnings Summary
See More Headlines
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GSAT Company Calendar

Last Earnings
11/04/2021
Today
9/21/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSEMKT
Industry
Telecom Services
Sub-Industry
N/A
Sector
Communication Services
Current Symbol
NYSEMKT:GSAT
CUSIP
N/A
CIK
1366868
Web
www.globalstar.com
Phone
985-335-1500
Fax
N/A
Employees
332
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$4.38
High Stock Price Forecast
$7.79
Low Stock Price Forecast
$0.97
Forecasted Upside/Downside
+258.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($0.11)
Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$-256,920,000.00
Net Margins
-112.72%
Pretax Margin
-110.68%
Return on Equity
-76.89%
Return on Assets
-25.39%

Debt

Debt-to-Equity Ratio
0.97
Current Ratio
0.70
Quick Ratio
0.63

Sales & Book Value

Annual Sales
$192.65 million
Price / Sales
11.40
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$0.17 per share
Price / Book
7.18

Miscellaneous

Outstanding Shares
1,800,000,000
Free Float
684,000,000
Market Cap
$2.20 billion
Optionable
Optionable
Beta
0.50
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Key Executives

  • Mr. James Monroe III (Age 68)
    Exec. Chairman
    Comp: $50k
  • Ms. Rebecca S. Clary (Age 44)
    VP & CFO
    Comp: $345.66k
  • Mr. L. Barbee Ponder IV (Age 56)
    Gen. Counsel & VP of Regulatory Affairs
  • Mr. Timothy Evan Taylor (Age 40)
    VP of Fin., Bus. Operations & Strategy and Director
    Comp: $50k
  • Dr. Paul E. Jacobs Ph.D. (Age 60)
    CEO & Director
  • Mr. Wen Doong
    Sr. VP of Engineering & Operations
  • Mr. Matthew S. Grob (Age 57)
    Chief Technology Officer
  • Mr. Peter Black
    Chief Scientist
  • Mr. James A. Seese II
    VP of Admin.
  • Mr. Kyle Pickens CFA
    VP of Strategy & Communications

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













GSAT Stock - Frequently Asked Questions

Should I buy or sell Globalstar stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Globalstar in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" GSAT shares.
View GSAT analyst ratings or view top-rated stocks.

What is Globalstar's stock price forecast for 2023?

3 brokers have issued 12-month price objectives for Globalstar's stock. Their GSAT share price forecasts range from $0.97 to $7.79. On average, they anticipate the company's stock price to reach $4.38 in the next twelve months. This suggests a possible upside of 258.8% from the stock's current price.
View analysts price targets for GSAT or view top-rated stocks among Wall Street analysts.

How have GSAT shares performed in 2023?

Globalstar's stock was trading at $1.39 on January 1st, 2023. Since then, GSAT stock has decreased by 12.2% and is now trading at $1.22.
View the best growth stocks for 2023 here.

How were Globalstar's earnings last quarter?

Globalstar, Inc. (NYSEMKT:GSAT) released its earnings results on Thursday, November, 4th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.01. The business had revenue of $32.61 million for the quarter, compared to the consensus estimate of $28.39 million. Globalstar had a negative trailing twelve-month return on equity of 76.89% and a negative net margin of 112.72%.

What guidance has Globalstar issued on next quarter's earnings?

Globalstar updated its FY 2023 earnings guidance on Thursday, August, 3rd. The company provided EPS guidance of for the period. The company issued revenue guidance of $200.00 million-$230.00 million, compared to the consensus revenue estimate of $209.44 million.

What is Globalstar's stock symbol?

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

Who are Globalstar's major shareholders?

Globalstar's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (2.60%), Beck Mack & Oliver LLC (1.03%), State Street Corp (0.84%), Geode Capital Management LLC (0.75%), Northern Trust Corp (0.36%) and Nuveen Asset Management LLC (0.30%). 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.
View institutional ownership trends.

How do I buy shares of Globalstar?

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.
Compare Top Brokerages Here.

What is Globalstar's stock price today?

One share of GSAT stock can currently be purchased for approximately $1.22.

How much money does Globalstar make?

Globalstar (NYSEMKT:GSAT) has a market capitalization of $2.20 billion and generates $192.65 million in revenue each year. The company earns $-256,920,000.00 in net income (profit) each year or ($0.11) on an earnings per share basis.

How many employees does Globalstar have?

The company employs 332 workers across the globe.

How can I contact Globalstar?

Globalstar's mailing address is 1351 Holiday Square Boulevard, Covington, LA 70433, United States. The official website for the company is www.globalstar.com. The company can be reached via phone at 985-335-1500 or via email at investorrelations@globalstar.com.

This page (NYSEMKT:GSAT) was last updated on 9/21/2023 by MarketBeat.com Staff

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