GSAT icon

Globalstar

1.51 USD
-0.09
5.63%
At close Feb 7, 4:00 PM EST
Pre-market
1.56
+0.05
3.31%
1 day
-5.63%
5 days
5.59%
1 month
-29.44%
3 months
-18.38%
6 months
38.53%
Year to date
-28.77%
1 year
-3.82%
5 years
215.50%
10 years
-34.91%
 

About: 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. The company provides communications services such as two-way voice and data transmission. In addition, one-way data transmission is also offered. Both services are offered using mobile or fixed devices. The company is an owner of satellite assets. The company generates the vast majority of its revenue within the United States.

Employees: 348

0
Funds holding %
of 6,831 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

165% more call options, than puts

Call options by funds: $9.1M | Put options by funds: $3.44M

56% more first-time investments, than exits

New positions opened: 42 | Existing positions closed: 27

37% more repeat investments, than reductions

Existing positions increased: 63 | Existing positions reduced: 46

13% more capital invested

Capital invested by funds: $426M [Q2] → $481M (+$54.7M) [Q3]

6% more funds holding

Funds holding: 205 [Q2] → 217 (+12) [Q3]

0.39% more ownership

Funds ownership: 20.28% [Q2] → 20.67% (+0.39%) [Q3]

20% less funds holding in top 10

Funds holding in top 10: 5 [Q2] → 4 (-1) [Q3]

Research analyst outlook

We haven’t received any recent analyst ratings for GSAT.

Financial journalist opinion

Based on 5 articles about GSAT published over the past 30 days

Neutral
Business Wire
3 days ago
Globalstar Transfers to Nasdaq Global Select Market
COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT) (“Globalstar” or the “Company”), a next-generation telecommunications infrastructure and technology provider, today announced that it intends to (i) implement the previously-disclosed reverse stock split and related charter amendments and to voluntarily transfer the listing of its common stock, par value $0.0001 per share (the “Common Stock”) from the NYSE American LLC (“NYSE American”) effective following the close of trad.
Globalstar Transfers to Nasdaq Global Select Market
Positive
Benzinga
1 week ago
Top 3 Tech And Telecom Stocks That Could Lead To Your Biggest Gains This Quarter
The most oversold stocks in the communication services sector presents an opportunity to buy into undervalued companies.
Top 3 Tech And Telecom Stocks That Could Lead To Your Biggest Gains This Quarter
Neutral
Business Wire
1 week ago
Globalstar Partner Global Telesat Communications Sees Massive 35% YoY Growth in SPOT and Satellite IoT Device Sales in 2024
DUBLIN--(BUSINESS WIRE)--Globalstar Europe Satellite Services Ltd., a wholly owned subsidiary of Globalstar, Inc. (NYSE American: GSAT), the next-generation mobile satellite and communications service provider, today announced that UK-based wireless and satellite technology reseller, Global Telesat Communications (GTC), a subsidiary of NextPlat Corp. (NASDAQ: NXPL), has seen sales of Globalstar SPOT and satellite IoT devices dramatically increase, a 35% boost compared to the same period in 2023.
Globalstar Partner Global Telesat Communications Sees Massive 35% YoY Growth in SPOT and Satellite IoT Device Sales in 2024
Positive
Seeking Alpha
2 weeks ago
Globalstar: Undervalued And Diversifying Into High Margin High-Growth Opportunities
Globalstar's partnership with Apple cements Globalstar as a leader in the sector. Band n53 is potentially worth $6-$13.8 billion, highlighting Globalstar's significant undervaluation compared to its current market cap. The IoT segment offers high-margin growth opportunities with minimal additional CapEx, supported by increasing demand for remote asset monitoring.
Globalstar: Undervalued And Diversifying Into High Margin High-Growth Opportunities
Neutral
Business Wire
2 weeks ago
Globalstar Announces Intention to Voluntarily Delist from NYSE American and Transfer to Nasdaq Upon Completion of Reverse Stock Split
COVINGTON, La.--(BUSINESS WIRE)--Globalstar Announces Intention to Voluntarily Delist from NYSE American and Transfer to Nasdaq Upon Completion of Reverse Stock Split.
Globalstar Announces Intention to Voluntarily Delist from NYSE American and Transfer to Nasdaq Upon Completion of Reverse Stock Split
Positive
Zacks Investment Research
1 month ago
GSAT, Peiker Partner to Boost Satellite-Based Automotive Communication
Globalstar and Peiker Holding Gmbh team up to integrate satellite-based emergency services and telematics features into vehicles.
GSAT, Peiker Partner to Boost Satellite-Based Automotive Communication
Positive
MarketBeat
1 month ago
3 Promising Penny Stocks to Watch for Long-Term Gains in 2025
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.
3 Promising Penny Stocks to Watch for Long-Term Gains in 2025
Neutral
Business Wire
1 month ago
Peiker Holding GmbH and Globalstar Announce Strategic Partnership to Bring Satellite-based Emergency Services and Telematics Capabilities to Automotive OEMs
COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT), the next-generation mobile satellite and communications services provider, announced today Peiker Holding Gmbh and Globalstar have entered a strategic partnership to bring satellite-based emergency services and telematics capabilities to the automotive industry. For decades, Peiker has been a leading provider of connectivity modules for use in vehicles that enable fast and reliable data transmission on the road. Peiker tra.
Peiker Holding GmbH and Globalstar Announce Strategic Partnership to Bring Satellite-based Emergency Services and Telematics Capabilities to Automotive OEMs
Positive
Zacks Investment Research
1 month ago
3 Satellite Stocks That Investors Could Keep an Eye on in 2025
The Zacks Satellite and Communication industry players, GSAT, GILT and IRDM, are likely to benefit from higher global connectivity needs and government deals in 2025.
3 Satellite Stocks That Investors Could Keep an Eye on in 2025
Neutral
Zacks Investment Research
1 month ago
GSAT Unveils Vision & Growth Plans at Investor Day 2024, Stock Up
At the Investor Day 2024 event, Globalstar shared a roadmap for its future growth by capitalizing on its core assets and provided updated financial outlook.
GSAT Unveils Vision & Growth Plans at Investor Day 2024, Stock Up
Charts implemented using Lightweight Charts™