What are analysts'target prices for Globalstar's stock?
2 Wall Street analysts have issued 1-year target prices for Globalstar's stock. Their forecasts range from $0.55 to $0.55. On average, they anticipate Globalstar's share price to reach $0.55 in the next year. This suggests that the stock has a possible downside of 48.1%.
Should you buy or sell Globalstar 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.
Is Globalstar efficiently growing its dividend?
Globalstar does not have a long track record of dividend growth. In the past three months, Globalstar insiders have not sold or bought any company stock. 64.40% of the stock of Globalstar is held by insiders. A high percentage of insider ownership can be a sign of company health. Only 17.02% of the stock of Globalstar is held by institutions.
What is Globalstar LLC?
Globalstar LLC was formed as a Delaware limited liability company in November 2003, and was converted into Globalstar, Inc., on March 17, 2006. In 2007, Globalstar launched eight additional first-generation spare satellites into space to help compensate for the premature failure of their in-orbit satellites.
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Is Globalstar stock a buy?
The 2 analysts offering 12-month price forecasts for Globalstar Inc have a median target of 2.14, with a high estimate of 3.25 and a low estimate of 1.03. The median estimate represents a +73.28% increase from the last price of 1.24.
What is happening with Globalstar?
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.
Why is Globalstar dropping?
As Globalstar explained, "Total revenue for the first quarter of 2021 decreased 16% from the first quarter of 2020; however, this decline was due primarily to the timing of engineering service revenue." CEO Dave Kagan pointed out, "both service and equipment revenue [were higher] than pre-pandemic levels in the first ...
Who are Globalstar competitors?
Globalstar's top competitors include Gazprom Space Systems, Tarana Wireless, Multi-Tech Systems, Inmarsat, Iridium Communications, ORBCOMM and KVH Industries. Globalstar is a company that provides satellite IoT solutions.
Will Globalstar go back up?
Based on our forecasts, a long-term increase is expected, the "GSAT" stock price prognosis for 2027-06-25 is 2.206 USD. With a 5-year investment, the revenue is expected to be around +77.91%. Your current $100 investment may be up to $177.91 in 2027.
Is GSAT a good buy?
The financial health and growth prospects of GSAT, demonstrate its potential to underperform the market. It currently has a Growth Score of A. Recent price changes and earnings estimate revisions indicate this stock lacks momentum and would be a lackluster choice for momentum investors.
Who owns GSAT stock?
Top 10 Owners of Globalstar IncStockholderStakeShares ownedMudrick Capital Management LP4.96%89,247,097The Vanguard Group, Inc.3.59%64,526,668BlackRock Fund Advisors1.98%35,717,546Beck, Mack & Oliver LLC0.99%17,759,8836 more rows
What does Globalstar Inc do?
Globalstar is a leading provider of satellite solutions. Leveraging its low-earth orbit (LEO) satellite constellation, Globalstar reliably connects and protects assets, transmits key operational data, and saves lives – from any location – for consumers, industrial companies, and government agencies.
How do I buy stock on Globalstar?
How to buy shares in GlobalstarCompare share trading platforms. Use our comparison table to help you find a platform that fits you.Open your brokerage account. Complete an application with your details.Confirm your payment details. ... Research the stock. ... Purchase now or later. ... Check in on your investment.
Should I buy or sell Globalstar stock right now?
1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Globalstar in the last year. There are currently 1 buy r...
How has Globalstar's stock price performed in 2022?
Globalstar's stock was trading at $1.03 on January 1st, 2022. Since then, GSAT stock has increased by 15.5% and is now trading at $1.19. View the...
Are investors shorting Globalstar?
Globalstar saw a decline in short interest during the month of May. As of May 31st, there was short interest totaling 42,140,000 shares, a decline...
How were Globalstar's earnings last quarter?
Globalstar, Inc. (NYSEAMERICAN:GSAT) announced its quarterly earnings data on Thursday, May, 5th. The Wireless communications provider reported ($0...
Who are Globalstar's key executives?
Globalstar's management team includes the following people: Mr. James Monroe III , Exec. Chairman (Age 67, Pay $50k) Mr. David B. Kagan , Chief...
Who are some of Globalstar's key competitors?
Some companies that are related to Globalstar include Telecom Italia (TIAIY) , Telecom Italia (TIIAY) , Cogent Communications (CCOI) , Calix (C...
What other stocks do shareholders of Globalstar own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Globalstar investors own include SentinelOne (S) , Corbus...
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 many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (3.67%),...
Is Globalstar stock a Buy, Sell or Hold?
Globalstar stock has received a consensus rating of sell. The average rating score is and is based on 0 buy ratings, 1 hold ratings, and 1 sell rat...
What was the 52-week low for Globalstar stock?
The low in the last 52 weeks of Globalstar stock was 0.91. According to the current price, Globalstar is 129.71% away from the 52-week low.
What was the 52-week high for Globalstar stock?
The high in the last 52 weeks of Globalstar stock was 2.78. According to the current price, Globalstar is 42.34% away from the 52-week high.
What are analysts forecasts for Globalstar stock?
The 2 analysts offering price forecasts for Globalstar have a median target of 0.55, with a high estimate of 0.55 and a low estimate of 0.55. The m...
What is Globalstar stock worth in 2020?
How much does Globalstar make?
Globalstar's stock was trading at $0.31 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). 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.
Is Globalstar a hold?
Globalstar has a market capitalization of $2.53 billion and generates $128.49 million in revenue each year . The Wireless communications provider earns $-109,640,000.00 in net income (profit) each year or ($0.07) on an earnings per share basis.
What is Globalstar Inc?
Wall Street analysts have given Globalstar a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Globalstar wasn't one of them. MarketBeat thinks these five companies may be even better ...
Does market cap include convertible securities?
Globalstar Inc is a telecommunications company that derives revenue from the provision of mobile satellite services. Mobile satellite services are typically used by customers where existing terrestrial wireline and wireless communications networks are impaired or do not exist.
Globalstar (GSAT)
It does not include securities convertible into the common equity securities. "Market Cap" is derived from the last sale price for the displayed class of listed securities and the total number of shares outstanding for both listed and unlisted securities (as applicable).
Globalstar, Inc. - Hold
This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.
Style Scorecard
Zacks' proprietary data indicates that Globalstar, Inc. is currently rated as a Zacks Rank 3 and we are expecting an inline return from the GSAT shares relative to the market in the next few months. In addition, Globalstar, Inc.
Chart for GSAT
The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.
GSAT and Apple partnership
GLOBALSTAR INC offers satellite voice and data services to commercial and recreational users in more than 120 countries around the world. Globalstar's products include mobile and fixed satellite telephones, simplex and duplex satellite data modems and flexible service packages.
Globalstar stock forecast
TFI Securities analyst Ming-Chi Kuo said in a note over the weekend that Apple could bring satellite connectivity to the iPhone 13. Many people refer to Apple’s next iPhone, which is expected in the fall, as “iPhone 13.” It isn't the official name yet and the timing of the launch isn't certain.
What the Apple partnership would mean for Globalstar
According to the data compiled by CNN Business, only two analysts cover GSAT stock. While Morgan Stanley has a sell rating with a $0.55 target price, B. Riley is bullish on the stock and assigned it a target price of $3.25 in June. Overall, GSAT has a median target price of $1.90, which is a discount over its current prices.
When was Globalstar created?
If the partnership with Apple happens, it could be a game-changer for Globalstar given the massive iPhone shipments. Markets also realize the importance of the deal and have sent the stock north on Aug. 30 amid the rumor.
What is Globalstar satellite?
History. The Globalstar project was launched in 1991 as a joint venture of Loral Corporation and Qualcomm. On March 24, 1994, the two sponsors announced formation of Globalstar LP, a limited partnership established in the U.S., with financial participation from eight other companies, including Alcatel, AirTouch, Deutsche Aerospace, ...
How much does a Globalstar satellite weigh?
Globalstar satellites are simple " bent pipe " analog repeaters, unlike Iridium. A network of ground gateway stations provides connectivity from the 40 satellites to the public switched telephone network and Internet. A satellite must have a Gateway station in view to provide service to any users it may see.
How many satellites did Globalstar launch?
A Globalstar satellite has two body-mounted, Earth-facing arrays. First-generation Globalstars weigh approximately 550 kg. However, the second-generation Globalstar design will gain significant mass. In 2005, some of the satellites began to reach the limit of their operational lifetime of 7.5 years.
How many Globalstar gateways are there?
In 2007, Globalstar launched eight additional first-generation spare satellites into space to help compensate for the premature failure of their in-orbit satellites. Between 2010 and 2013, Globalstar launched 24 second-generation satellites in an effort to restore their system to full service.
When did Globalstar go bankrupt?
Twenty Four Globalstar Gateways are located around the world, including 7 in North America. Globalstar Gateways are the largest cellular base stations in the world with a design capacity for over 10,000 concurrent phone calls over a coverage area that is roughly 50% of the size of the USA.
What is the country code for Globalstar?
After a total debt and equity investment of $4.3 billion, on February 15, 2002, Globalstar Telecommunications filed for Chapter 11 bankruptcy protection, listing assets of $570 million and liabilities of $3.3 billion. The assets were later bought for $43 million by Thermo Capital Partners LLC.