Globalstar, Inc. (GSAT)

NYSEAMERICAN: GSAT · IEX Real-Time Price · USD
1.73
0.00 (0.00%)
At close: Aug 17, 2022 4:00 PM
1.69
-0.04 (-2.31%)
After-hours: Aug 17, 2022 5:35 PM EDT
0.00%
Market Cap 3.12B
Revenue (ttm) 136.66M
Net Income (ttm) -102.06M
Shares Out 1.80B
EPS (ttm) -0.05
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 5,159,250
Open 1.70
Previous Close 1.73
Day's Range 1.64 - 1.76
52-Week Range 0.90 - 2.78
Beta 0.41
Analysts Sell
Price Target 2.18 (+26.0%)
Earnings Date Aug 4, 2022

About GSAT

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; fixed voice and data satellite communications services and equipment at industrial, commercial, and residential sites, as well as rural villages and ships; and data modem services and equipment. It also provides SPOT consumer r... [Read more...]

Industry Diversified Telecommunication Services
IPO Date Nov 2, 2006
CEO David Kagan
Employees 329
Stock Exchange NYSEAMERICAN
Ticker Symbol GSAT
Full Company Profile

Financial Performance

In 2021, Globalstar's revenue was $124.30 million, a decrease of -3.26% compared to the previous year's $128.49 million. Losses were -$112.63 million, 2.72% more than in 2020.

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for GSAT stock is "Sell." The 12-month stock price forecast is 2.18, which is an increase of 26.01% from the latest price.

Price Target
$2.18
(26.01% upside)
Analyst Consensus: Sell
Stock Forecasts

News

Globalstar (GSAT) Reports Q2 Loss, Tops Revenue Estimates

Globalstar (GSAT) delivered earnings and revenue surprises of 0% and 23.86%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Globalstar Announces Second Quarter 2022 Results

COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT) today announced its operating and financial results for the quarter ended June 30, 2022. Dave Kagan, Chief Executive Officer of Gl...

Globalstar, Inc. Earnings Release Notice

COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT) will announce its second quarter 2022 financial results and business update on Thursday, August 4, 2022 after the market closes. A...

Is Globalstar (GSAT) Outperforming Other Computer and Technology Stocks This Year?

Here is how Globalstar (GSAT) and i3 Verticals (IIIV) have performed compared to their sector so far this year.

Globalstar Introduces Advanced Edge Platform for Satellite Asset Tracking and Telematics Data

COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT), a leading mobile satellite services and connectivity provider, today introduced Realm Enablement Suite, an innovative portfolio o...

Globalstar Announces Successful Launch of Spare Satellite

COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT), a leading provider of satellite-powered innovation, today announced the successful launch of the FM-15 spare satellite from Cape ...

Has Globalstar (GSAT) Outpaced Other Computer and Technology Stocks This Year?

Here is how Globalstar (GSAT) and Jack Henry (JKHY) have performed compared to their sector so far this year.

7 Stocks to Sell Before the Fed Gets Too Aggressive in 2022

Equity markets tend to perform poorly during rising interest rates. Here are seven stocks to sell before the Fed gets too aggressive.

Globalstar (GSAT) Reports Q1 Loss, Tops Revenue Estimates

Globalstar (GSAT) delivered earnings and revenue surprises of 50% and 12.58%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Globalstar Announces First Quarter 2022 Results

COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT) today announced its operating and financial results for the quarter ended March 31, 2022. Dave Kagan, Chief Executive Officer of G...

Globalstar Appoints Telecom Leader Dave Haight to Drive IoT Growth

COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT) today announced Dave Haight has joined Globalstar as vice president of IoT. Haight is a prominent telecom and IoT industry leader,...

Globalstar (GSAT) Reports Q4 Loss, Tops Revenue Estimates

Globalstar (GSAT) delivered earnings and revenue surprises of 50% and 17.34%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Globalstar Announces 2021 Financial Results and Business Update

COVINGTON, La.--(BUSINESS WIRE)--Globalstar Announces 2021 Financial Results and Business Update

GSAT Stock Alert: Why Is Globalstar Soaring 20% Higher Today?

The announcement of the signing of a significant contract for new satellite procurement has sent GSAT stock soaring in today's session. The post GSAT Stock Alert: Why Is Globalstar Soaring 20% Higher To...

What's Going On With Globalstar Shares Today?

Globalstar, Inc. (NASDAQ: GSAT) shares are trading higher by 16.3% at $1.12 Thursday afternoon after the company announced it signed a contract with MDA for new satellites. The company reports fourth-qu...

Globalstar Signs Contract With MDA for New Satellites

COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT) today announced that the Company has entered into a satellite procurement agreement (the “Procurement Agreement”) with Macdonald, ...

Camber Energy, Clover Health, Globalstar Stocks Continue Lower In Key Trend: Will The Bloodbath End?

Camber Energy, Inc (NYSE: CEI), Clover Health Investments Corp (NASDAQ: CLOV) and Globalstar, Inc (NYSE: GSAT) are all trading higher in strong downtrends. A downtrend occurs when a stock consistently m...

Other symbols: CEICLOV

B. Riley Believes Now Is An Excellent Time To Buy Globalstar, Thanks To Apple, Qualcomm

Carrier aggregation information website Cacombos.com indicates that Globalstar Inc's (NYSE:GSAT) Band 53 is available in both the global and U.S. versions of Apple Inc's (NASDAQ:AAPL) iPhone 13 Pro, fea...

Are Options Traders Betting on a Big Move in Globalstar (GSAT) Stock?

Investors need to pay close attention to Globalstar (GSAT) stock based on the movements in the options market lately.

7 Penny Stocks with 10x Potential in 2022

Which penny stocks should you watch into 2022? Keep these early-stage companies, fallen angels and turnaround plays on your radar.

University of Toronto Trash Team Chooses Globalstar SmartOne C Satellite Trackers to Reveal Pathways of Plastic Pollu...

MISSISSAUGA, Ontario--(BUSINESS WIRE)-- #IoT--University of Toronto Trash Team Chooses Globalstar SmartOne C Satellite Trackers to Reveal the Pathways of Plastic Pollution in Lake Ontario.

7 Penny Stocks That Could Have an Explosive Year-End

While meme trends are on the wane, these seven penny stocks still stand to make turbocharged moves higher in the short-term. The post 7 Penny Stocks That Could Have an Explosive Year-End appeared first ...

Globalstar (GSAT) Reports Q3 Loss, Tops Revenue Estimates

Globalstar (GSAT) delivered earnings and revenue surprises of -100.00% and 14.88%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Globalstar Announces Third Quarter 2021 Results

COVINGTON, La.--(BUSINESS WIRE)--Globalstar Announces Third Quarter 2021 Results

Globalstar (GSAT) Outpaces Stock Market Gains: What You Should Know

In the latest trading session, Globalstar (GSAT) closed at $1.67, marking a +1.21% move from the previous day.