ADVFN Logo
Registration Strip Icon for monitor Customized watchlists with full streaming quotes from leading exchanges, such as NASDAQ, NYSE, AMEX, OTC Markets Small-Cap, LSE and more.
Globalstar Inc

Globalstar Inc (GSAT)

2.21
0.15
(7.28%)
Closed December 06 4:00PM
2.24
0.03
( 1.36% )
Pre Market: 7:35AM

Real-time discussions and trading ideas: Trade with confidence with our powerful platform.

Key stats and details

Current Price
2.24
Bid
-
Ask
-
Volume
269,369
0.00 Day's Range 0.00
1.00 52 Week Range 2.36
Market Cap
Previous Close
2.21
Open
-
Last Trade
4
@
2.25
Last Trade Time
07:35:47
Financial Volume
-
VWAP
-
Average Volume (3m)
16,236,129
Shares Outstanding
1,892,373,380
Dividend Yield
-
PE Ratio
-168.70
Earnings Per Share (EPS)
-0.01
Revenue
223.81M
Net Profit
-24.72M

About Globalstar Inc

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 c... 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. Show more

Sector
Communications Services, Nec
Industry
Communications Services, Nec
Headquarters
Wilmington, Delaware, USA
Founded
-
Globalstar Inc is listed in the Communications Services sector of the American Stock Exchange with ticker GSAT. The last closing price for Globalstar was $2.21. Over the last year, Globalstar shares have traded in a share price range of $ 1.00 to $ 2.36.

Globalstar currently has 1,892,373,380 shares outstanding. The market capitalization of Globalstar is $4.18 billion. Globalstar has a price to earnings ratio (PE ratio) of -168.70.

Globalstar (GSAT) Options Flow Summary

Overall Flow

Bullish

Net Premium

678k

Calls / Puts

2,000.00%

Buys / Sells

240.00%

OTM / ITM

23.53%

Sweeps Ratio

4.76%

GSAT Latest News

Parsons and Globalstar Announce Partnership, Demonstrate First Software Defined Satellite Communication Solutions in Low Earth Orbit

Parsons Corporation (NYSE: PSN) and Globalstar (NYSE American: GSAT) announce their exclusive partnership to support the public, government, and defense sectors. The partnership also includes the...

FCC Issues 15-Year Renewal of Globalstarโ€™s Blanket Mobile Earth Terminal Authorization

Renewed authorization includes continued authority to operate ancillary terrestrial networks Globalstar, Inc. (NYSE American: GSAT) (โ€œGlobalstarโ€), the next-generation mobile satellite and...

Globalstar Partner Spotter Achieves Milestone of Over 30,000 Satellite IoT Collars Deployed Across Central Asia

Globalstar Europe Satellite Services Ltd., a wholly owned subsidiary of Globalstar, Inc. (NYSE American: GSAT) (collectively โ€œGlobalstarโ€ or the โ€œCompanyโ€), the next-generation mobile satellite...

Globalstar to Host Analyst & Investor Day on December 12, 2024

Globalstar, Inc. (NYSE American: GSAT) (โ€œGlobalstarโ€ or the โ€œCompanyโ€), a next-generation telecommunications infrastructure and technology provider, today announced that the Company will host an...

Globalstar Announces Plans to Transfer Its Stock Listing to Uplist on Nasdaq

The Company also announces board approval of a reverse stock split, expected to enhance trading fundamentals and increase institutional investor participation Globalstar, Inc. (NYSE American:...

Globalstar Wins Terrestrial Authority in Mexico

10-year authorization allows expansion of terrestrial applications throughout Mexico Globalstar, Inc. (NYSE American: GSAT) (โ€œGlobalstarโ€), the next-generation mobile satellite and communications...

Globalstar Announces Participation at Deutsche Bankโ€™s Global Space Summit

Globalstar, Inc. (NYSE American: GSAT), a next-generation telecommunications infrastructure and technology provider, today announced that Dr. Paul Jacobs will present at Deutsche Bankโ€™s Global...

Globalstar Announces Third Quarter 2024 Financial Results

Globalstar, Inc. (NYSE American: GSAT) (โ€œGlobalstarโ€ or the โ€œCompanyโ€) today announced its financial results for the third quarter ended September 30, 2024. "Globalstar reported strong third...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
10.2914.87179487181.952.361.85199983552.09963667CS
40.2613.13131313131.982.361.62173013971.92710733CS
121.0893.10344827591.162.361162361291.6919165CS
261.16107.4074074071.082.36198374241.59095553CS
520.7752.3809523811.472.36168213031.57811554CS
1560.8662.31884057971.382.980.853856657221.48829857CS
2601.7841391.3358192590.45592.980.2302100506771.53979252CS

Movers

View all
  • Most Active
  • % Gainers
  • % Losers
SymbolPriceVol.
TPORDirexion Daily Transportation Bull 3x Shares
$ 45.28
(28.89%)
15
YINNDirexion Daily FTSE China Bull 3X Shares
$ 34.35
(18.41%)
2.59M
AUSTAustin Gold Corp
$ 1.80
(16.13%)
50
UAMYUnited States Antimony Corp
$ 2.20
(15.79%)
296.58k
CWEBDirexion Daily Csi China Internet Index Bull 2x Shares
$ 40.95
(15.22%)
97.8k
AUMNGolden Minerals Co
$ 0.207
(-23.11%)
10.45k
YANGDirexion Daily FTSE China Bear 3X Shares New
$ 61.76
(-18.47%)
361.53k
FXPProShares UltraShort FTSE China 50
$ 16.50
(-12.50%)
1.38k
ETUT Rex 2X Long Ether Daily Target ETF
$ 52.521
(-11.46%)
420
ETHU2x Ether ETF
$ 11.01
(-10.71%)
2.91M
MSTZT Rex 2X Inverse MSTR Daily Target ETF
$ 0.9969
(4.63%)
12.77M
FXIiShares China Large Cap
$ 32.68
(6.21%)
3.47M
ETHU2x Ether ETF
$ 11.01
(-10.71%)
2.91M
YINNDirexion Daily FTSE China Bull 3X Shares
$ 34.35
(18.41%)
2.59M
SOXLDirexion Daily Semiconductor Bull 3X Shares
$ 29.09
(-1.76%)
2.41M

GSAT Discussion

View Posts
1hot toddy 1hot toddy 1 month ago
RECORD EARNINGS TOMORROW $$$$$$$$$$$$$$$$$. CO WILL DISCLOSE TON. WE SHOULD BE OVER $2 TOM ON WAY TO $5. OVER 100 SATALITES LAUNCHING NEXT YEAR
๐Ÿ‘๏ธ0
weedtrader420 weedtrader420 1 month ago
GSAT $5 TARGET
๐Ÿ‘๏ธ0
weedtrader420 weedtrader420 1 month ago
GSAT Guns Nโ€™ Roses Paradise City👊🤑💸
๐Ÿ‘๏ธ0
weedtrader420 weedtrader420 1 month ago
GSAT🤑
๐Ÿ‘๏ธ0
glenn1919 glenn1919 5 months ago
GSAT............................https://stockcharts.com/h-sc/ui?s=GSAT&p=W&b=5&g=0&id=p86431144783
๐Ÿ‘๏ธ0
hando hando 10 months ago
Up past the blue line
๐Ÿ‘๏ธ0
hando hando 11 months ago
GSAT up , up and away. $2.06 today. Paul Jacobs taking this stock up
๐Ÿ‘๏ธ0
cootcat cootcat 11 months ago
Could this stock be merging with IQST ?
๐Ÿ‘๏ธ0
Monksdream Monksdream 11 months ago
GSAT it didnโ€™t die
๐Ÿ‘๏ธ0
LUCKY LUCCIANO LUCKY LUCCIANO 11 months ago
GSAT is possible to up 5$. Go
๐Ÿ‘๏ธ0
hando hando 12 months ago
Wow. GSAT up to $192, Paul Jacobs is running the show.
๐Ÿ‘๏ธ0
starman2 starman2 12 months ago
To the moon 🌙
๐Ÿ‘๏ธ0
hando hando 1 year ago
WOW. This is where I make money. 1.39
๐Ÿ‘๏ธ0
hando hando 1 year ago
GSAT Files to sell 3.5 million shares.
๐Ÿ‘๏ธ0
hando hando 1 year ago
GSAT Moved up 5 pennies to $1.50. Paul Jacobs will bring this up.
๐Ÿ‘๏ธ0
hando hando 1 year ago
WOW Picked up some cheap shares. 2000 to start. This stock will never see a dollar.
Paul Jacobs is a specialist. And has connections.
๐Ÿ‘๏ธ0
hando hando 1 year ago
WOW. This is a goldmine waiting to happen. I will pay the premium .50 pennies in OS. Erwin and Paul and Q. Nice
๐Ÿ‘๏ธ0
StockLogistics StockLogistics 2 years ago
Mixed shelf filed after earnings miss, this will go below 1.00 and then a R/S in time to fix the O/S, way too many shares, all imo
๐Ÿ‘๏ธ0
Woody54 Woody54 2 years ago
I was educated to the extent of their corruptive power the day the Apple news broke. Brokerages had millions on 1.6x calls the next day. Never in a million years did I believe they could stop and then reverse that locomotive in a mere 2 hours....but the bastards did. The weekly calls have been a choke collar to shareholders and cash machine to bookies...(I mean brokers) for far too long. The weekly calls end on 11/04. With one more on 11/18.

It Is Not the tech, CEO, balance sheet, nor GSAT debt.... Nor is it lack of PR as we have had an avalanche of positives and catalysts each day since the Apple announcement.

What has held the shareprice where it is simply greed.
๐Ÿ‘๏ธ0
Woody54 Woody54 2 years ago
Nailed It !!
๐Ÿ‘๏ธ0
jimmy667 jimmy667 2 years ago
Definately. It will take a combination of all to meet demand.
๐Ÿ‘๏ธ0
BottomBounce BottomBounce 2 years ago
$MULN Has $ 60.93M in cash
๐Ÿ‘๏ธ0
carusso carusso 2 years ago
Itโ€™s mostly failures and jackasses who do reverse splits, with few exceptions.
๐Ÿ‘๏ธ0
StockLogistics StockLogistics 2 years ago
โ€œIt will require Globalstar to allocate 85% of its "current and future network capacity" to support the service,โ€

With projections of 300 million revenue by 2026 at 1.8 billion OS do the math, basically no current way to grow the company if 85% is allocated to Apple, and no phone call ability, just texts. Cool if it works but 300/1800 is not 10 dollars a share imo, 1.8 billion revenue at 300 million OS might get it there. GSAT should take out a huge billion dollar loan and use half of it to buy another company, then do a reverse split, then dilute the stock down to 1โ€™again, take that money and buy another company to create two more revenue streams. Banks would likely provide major loans to them for acquisitions now that Apple basically backing them. Apple is keeping them afloat with the deal, more would be required to grow the SP imo, hence the mention of Goldman Sacs to raise funds for them.
๐Ÿ‘๏ธ0
Glider549 Glider549 2 years ago
Im betting on both.
Personally, I far prefer fuel cell, especially for delivery trucks, school buses, etc.
I'll keep gas for my motorcycles, truck and Civic.
๐Ÿ‘๏ธ0
jimmy667 jimmy667 2 years ago
welcome. I followed you which I do not do often because I looked through your posts and saw you posting on some stocks I have been in for over 20 years like Plug Power and Fuel Cell. wow was I way to early on those. I had thought in 2000 that most cars or many cars would be hydrogen fuel cell powered by 2010. Instead they are pushing litium battery powered cars which are an ecological disaster or will be soon.
๐Ÿ‘๏ธ0
Glider549 Glider549 2 years ago
Thanks Jimmy!
๐Ÿ‘๏ธ0
jimmy667 jimmy667 2 years ago
GSAT is a well backed company with some big institutional investors. It has a over $3 billion market cap. Which makes it a small to mid cap company not a penny stock. It is a new player compared to the other communication satellite company. Therefore it has the most debt as it is in start up mode. It also means it has the latest and best technology as well as the newest satellites. It plans to be the major player in The Internet of Things (the major future evolution of the internet) connecting things like ships at sea, remote cell towers and major industrial installations. They most importantly OWN the radio spectrum the Qualcomm built in connection to its latest communications chip. This Qualcomm chip is in the iPhone 14. Apple is paying for 90% of the new satellites that will be launched and GSAT only 10%. This should add some debt to GSAT but only 10% of the costs of this tremendously valuable asset on the cutting edge of IoT. GSAT is setting up to be the major player in Satellite Communications and IoTs. This requires debt but Apple is paying 90% of the cost. This is an incredible deal for GSAT they are in effect partnered with Apple and Qualcomm. This might also signal Apple and Qualcomm are moving in on IoT heavier. This might not be about satellite phone connection at all but about Industrial connections to the IoT. GSAT owns the Real Estate here on this very important spectrum. It is the spectrum that Qualcomm and Apple chose so they are in effect tenants of the Real Estate GSAT owns and Apple is paying 90% of the costs to the improvements of the Real Estate so it fits Apple's purpose. It looks like GSAT Apple and Qualcomm are is stealth mode until they can capture the most important
future market share of IoT.
This looks to be a long term investment that might turn into a monstrously profitable enterprize.. It also bodes well for Qualcomm and Apple to establish a major position in IoT.
๐Ÿ‘๏ธ0
Glider549 Glider549 2 years ago
So who is this penny stock Apple is dealing with?
๐Ÿ‘๏ธ0
StockLogistics StockLogistics 2 years ago
The fact that Globalstsr didnโ€™t get paid billions up front to dedicate their satellites to Apple shows that Apple didnโ€™t care about this tech, doesnโ€™t respect it and could have waited or gone with another company easily, asking GSAT to raise money via Goldman is embarrassing for Apple, for a Trillion dollar company to ask that makes Apple look terrible, the GSAT Shareprice should have graduated to major stock having a deal with Apple, and yet itโ€™s under 2 dollars, Apple is dealing with a penny stock for its Satellites, laughable, SP will decrease on fundraising news and on that rumor until it is completed imo.
๐Ÿ‘๏ธ0
StockLogistics StockLogistics 2 years ago
Is this a 20 billion dollar company? No because Apple screwed them over by not paying them billions up front, every GSAT shareholder should get 1 Apple share as a dividend.
๐Ÿ‘๏ธ0
StockLogistics StockLogistics 2 years ago
And GSAT estimates that those fees (revenue) will top out in 2023 at 230 million dollars, not 230 billion dollars. 230 million revenue at 1.8 billion OS is not getting to 10 dollars a share, this isnโ€™t a 20 billion dollar company and the multiple isnโ€™t 100:1.
๐Ÿ‘๏ธ0
StockLogistics StockLogistics 2 years ago
10 dollars a share x 1.8 billion OS is almost a 20 billion dollar company, nope, not at 230 mill revenue a year and new satellites not due till 2026, P/E ratio would have to be 100:1, shareholders got screwed over by the us deal because GSAT had stars in its eyes when talking to Appleโ€™s negotiators who could have used anybody, Shame on Apple too. Should have been an upfront licensing payment of 10 billion to GSAT or no deal. Apple has the money, drop in the bucket their shareholders wouldnโ€™t have cared they wanted the tech. Apple embarrassed itself leaving GSAT as a penny stock makes Apple look bad. Apple making GSAT raise funds ? What a joke. Trillion dollar Apple taking advantage of a small company, shareholders as of the date of the deal should sue Apple for 10 billion to be distributed to shareholders as of that record date. By the way, that is only an 5 to 13 per share dividend.
๐Ÿ‘๏ธ0
StockLogistics StockLogistics 2 years ago
What percentage of its services have been allocated to Apple, it has to build new satellites and those wonโ€™t go into the sky until 2026, 1.09 prior to November, share offering or loan pending soon as per their requirement to raise funds
๐Ÿ‘๏ธ0
BottomBounce BottomBounce 2 years ago
$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 retail products, such as SPOT satellite GPS messenger for personal tracking, emergency location, and messaging solutions; and SPOT Trace, an anti-theft and asset tracking device. In addition, the company offers commercial Internet of Things one-way transmission products to track cargo containers and rail cars, as well as to monitor utility meters, and oil and gas assets. Further, it sells wholesale minutes to independent gateway operators (IGOs); and provides engineering services, such as hardware and software designs to develop specific applications; and installation of gateways and antennas. The company distributes its products directly, as well as through independent agents, dealers and resellers, retailers, IGOs, and sales force and e-commerce Website. As of December 31, 2020, it had approximately 745,000 subscribers. The company primarily 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. Globalstar, Inc. has a strategic alliance with XCOM Labs to jointly commercialize XCOM's capacity-multiplying technology with Globalstar's Band n53 for 5G deployments in the United States and other countries where Globalstar has terrestrial rights. The company was founded in 1993 and is headquartered in Covington, Louisiana.
๐Ÿ‘๏ธ0
BottomBounce BottomBounce 2 years ago
well
๐Ÿ‘๏ธ0
BottomBounce BottomBounce 2 years ago
so what
๐Ÿ‘๏ธ0
Penny chatter Penny chatter 2 years ago
Oops
๐Ÿ‘๏ธ0
weedtrader420 weedtrader420 2 years ago
WOOHOOOOOO WOOHOOOOOO GSAT $10 TARGET PRICE
๐Ÿ‘๏ธ0
StockLogistics StockLogistics 2 years ago
Bad news, 5/12/2022 close at 1.09 is a gap, fundraising via Goldman Sacs should take it there prior to November, with everything dedicated to Apple what other partnerships could they have in the near term, from 1.00 to 8.00 after that gap fills all imo.
๐Ÿ‘๏ธ0
BottomBounce BottomBounce 2 years ago
$GSAT Globalstar Shares Recently Seen Volume After $GOOG $GOOGL Google SVP Says Co Working On Connecting Phones To Satellites
๐Ÿ‘๏ธ0
BottomBounce BottomBounce 2 years ago
As part of its iPhone 14 release event, Apple $AAPL said "it was introducing an emergency service that would let users send SOS messages via satellite while outside the reach of cellular and Wi-Fi connections," by Globalstar NYSE: $GSAT
๐Ÿ‘๏ธ0
BottomBounce BottomBounce 2 years ago
$AAPL Apple's iPhone 14 event could herald new satellite era ( $GSAT ) for smartphones https://www.marketwatch.com/story/apples-iphone-14-event-could-herald-new-satellite-era-for-smartphones-11662557169
๐Ÿ‘๏ธ0
BottomBounce BottomBounce 2 years ago
$AAPL Apple Will Pay Fees To Globalstar $GSAT Under Partnership Agreements, Including Recurring Service Fee, Payments Relating To Certain Service-Related Operating Expenses And Capital Expenditures, And Potential Bonus Payments
๐Ÿ‘๏ธ0
BottomBounce BottomBounce 2 years ago
12-month price forecasts for Globalstar Inc have a median target of 3.25, with a high estimate of 3.25 and a low estimate of 3.25. The median estimate represents a +97.57% increase from the last price of 1.65. $GSAT https://money.cnn.com/quote/forecast/forecast.html?symb=gsat
๐Ÿ‘๏ธ0
BottomBounce BottomBounce 2 years ago
$GSAT announced it will be the satellite operator for Apple $AAPL satellite-enabled services.
๐Ÿ‘๏ธ0
BreezeWoodAcres BreezeWoodAcres 2 years ago
Looking like a big shirt to start out this morning. Have to be below options for Friday. What a scam. All IMHO
๐Ÿ‘๏ธ0
Amrsto1000 Amrsto1000 2 years ago
Kind of funny you say that because I did the same thing with options just a few hundred dollars. Which ones did you buy? I bought the 250 calls just a week away. 11 cents
๐Ÿ‘๏ธ0
Penny chatter Penny chatter 2 years ago

Globalstar expects that its business strategy will allow it to generate reliable cash flow with substantial growth potential and greater profitability. Including the Partnership Agreements and excluding terrestrial spectrum, the Company expects its total revenue for the year ended December 31, 2023 to range between $185 million to $230 million, depending in part upon the Companyโ€™s achievement of certain performance and other targets under the Partnership Agreements, generating an EBITDA margin of approximately 55%. The Company expects these financial metrics to continue to improve significantly by 2026, which is expected to be the first full year in which the new satellites are operational, with total revenue expected to increase by approximately 35% compared to the 2023 forecast driven primarily by revenue growth under the Partnership Agreements.
๐Ÿ‘๏ธ0
Penny chatter Penny chatter 2 years ago
https://twitter.com/GregtheNorth/status/1567634491778146308?t=8j2P_S8ub80vdOkdWsa-rg&s=19
๐Ÿ‘๏ธ0

Your Recent History

Delayed Upgrade Clock