Globalstar's stock is up more than 300% throughout the last six months, as demand for mobile data has increased. The company has had impressive growth numbers, and the stock looks to be a good value. Shares closed up 17% at $1.51.
Why is Globalstar stock trading higher today?
Apr 26, 2021 · According to Kagan, Globalstar's overall revenue growth over the last five years has averaged just 7% per year, but the company's fastest …
How has Globalstar grown its revenue over the last 5 years?
Shares of Globalstar ( GSAT 5.00% ) soared on Monday after a respected analyst posited that the satellite services provider could partner with Apple ( AAPL 0.37% ).. Similarly, When did GSAT go public? In February 1995, Globalstar Telecommunications Ltd. raised $200 million from its initial public offering in the NASDAQ market.The IPO price of $20 per share was equivalent to $5 per …
Where can I buy Globalstar shares?
Aug 30, 2021 · Shares of Globalstar (NYSEMKT: GSAT) soared on Monday after a respected analyst posited that the satellite services provider could partner with Apple (NASDAQ: AAPL). As of 2:20 p.m. EDT ...
What is Globalstar's (Gib) stock's downside potential?
Apr 25, 2022 · Globalstar (GSAT) Reports Q4 Loss, Tops Revenue Estimates finance.yahoo.com - February 24 at 9:29 PM Globalstar shares are trading higher after the company announced it signed a contract with MDA for new satellites.
See more
Feb 24, 2022 · One of the bright spots in today’s otherwise gloomy market is Globalstar (NYSE: GSAT ). At the time of writing, GSAT stock is up more …
Is Globalstar a good stock to buy now?
What happened to Globalstar?
Will GSAT stock go up?
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 +87.72% increase from the last price of 1.14.
Does Qualcomm own Globalstar?
What happened
Shares of Globalstar (NYSEMKT: GSAT) soared on Monday after a respected analyst posited that the satellite services provider could partner with Apple (NASDAQ: AAPL).
So what
Apple's newest iPhones, due out in September, will support satellite communications, according to TF International Securities analyst Ming-Chi Kuo. A customized baseband chip made by Qualcomm (NASDAQ: QCOM) would allow iPhone users to make calls and send messages without the need to tap into cellular networks.
Now what
The ability to use satellite networks in areas where cellular connections are unavailable or unreliable could make Apple's new iPhones even more attractive to consumers, particularly in international markets. The capability would also give the iPhone an edge over its rivals, which aren't expected to gain satellite functionality until next year.
The Motley Fool
Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community.
Globalstar Media Sentiment
Each headline receives a score ranging from 2 (good news) to -2 (bad news). Our company news sentiment scores track the average news sentiment of articles about each company over the most recent 7 days in order to identify companies that are receiving positive press.
Media Coverage
We track news headlines from hundreds of news outlets and tag them by company. This chart compares the number of articles about this company in the last seven days compared with the average number of articles about this company on a typical week.
Globalstar (NYSEAMERICAN GSAT) News Headlines Today
Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm.
Nokia saves the day
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
What happened
Satellite communications stock Globalstar ( NYSEMKT:GSAT) was up 39.1% at 1:30 p.m. EST on Friday after announcing a new collaboration with Nokia ( NYSE:NOK).
So what
This is the second collaboration between Globalstar and Nokia at a United States port, Globalstar said, noting that Nokia is part of a group of priority partners that it worked with to develop the Band 53 ecosystem. That would seem to give Nokia a vested interest in patronize Globalstar over other potential providers.
Now what
Whatever the reason, this latest agreement bodes well for continued deals with Nokia, the Finnish telecom giant -- and maybe even implies revenue growth for Globalstar in the future.
Is Globalstar a buy right now?
2 Wall Street 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 analysts is that investors should "hold" Globalstar stock.
What stocks does MarketBeat like better than Globalstar?
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.
When is Globalstar's next earnings date?
Globalstar is scheduled to release its next quarterly earnings announcement on Friday, November 5th 2021.#N#View our earnings forecast for Globalstar.
How were Globalstar's earnings last quarter?
Globalstar, Inc. (NYSEAMERICAN:GSAT) released its earnings results on Thursday, August, 5th. The Wireless communications provider reported ($0.01) EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($0.02) by $0.01.
How has Globalstar's stock price been impacted by Coronavirus (COVID-19)?
Globalstar's stock was trading at $0.31 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, GSAT shares have increased by 509.7% and is now trading at $1.89.#N#View which stocks have been most impacted by COVID-19.
What price target have analysts set for GSAT?
2 Wall Street 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.
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 (CALX), EchoStar (SATS), Magyar Telekom Távközlési Nyilvánosan Müködö Részvénytársaság (MYTAY), Gogo (GOGO), ORBCOMM (ORBC), 890 5th Avenue Partners (ENFA), AST SpaceMobile (ASTS), B Communications (BCOMF), uCloudlink Group (UCL), Ayro (AYRO), Remark (MARK) and Lithium (LTUM).#N#View all of GSAT's competitors..
Globalstar (GSAT) Reports Q2 Loss, Tops Revenue Estimates
Globalstar (GSAT) delivered earnings and revenue surprises of 50.00% and 10.66%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
Earnings Preview: Globalstar (GSAT) Q2 Earnings Expected to Decline
Globalstar (GSAT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
7 Reddit Penny Stocks to Watch for Major Price-Moving Catalysts
Stocks popular on Reddit’s r/wallstreetbets subreddit have had a tough time over the past few weeks. The second meme-stock wave experienced in late May and early June has come and gone. Popular plays from this wave, including AMC Entertainment (NYSE:AMC) and Clover Health (NASDAQ:CLOV) experienced major pullbacks.
Zacks Industry Outlook Highlights: Iridium Communications, Globalstar and ORBCOMM
Zacks Industry Outlook Highlights: Iridium Communications, Globalstar and ORBCOMM
Why Globalstar Stock Soared in June
Satellite communications specialist Globalstar (NYSEMKT: GSAT) has been a tough stock to love in recent years, with shares down more than 80% from mid-2017 through the end of last year. Globalstar is one of the original commercial satellite ventures, first launched in 1991 to provide high-speed space-based communications.
Globalstar Announces Partnership With FocusPoint International Inc
COVINGTON, La., July 01, 2021--Globalstar, Inc. (NYSE American: GSAT) ("Globalstar" or the "Company") today announced a partnership with FocusPoint International Inc. to provide crisis assistance services under the Global Overwatch & Rescue™ Plan to Globalstar customers worldwide.
15 Best Very Cheap Stocks to Buy Right Now
In this article, we will take a look at the 15 best very cheap stocks to buy right now. You can skip our detailed analysis of these companies and go directly to the 5 Best Very Cheap Stocks to Buy Right Now. The pandemic-led recession brought massive financial distress to the global market. Many businesses […]
