MARKET COMPOSITE
GSAT - Globalstar Inc.8:00:00 PM 4/26/2024
Price
$1.29
-0.01 (-0.77%)
Globalstar, Inc. is an American satellite communications company that operates a low Earth orbit satellite constellation for satellite phone and low-speed data communications, somewhat similar to the Iridium satellite constellation and Orbcomm satellite systems. The Globalstar second-generation constellation consists of 24 low Earth orbiting satellites. 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, Hyundai and Vodafone. At that time, the company predicted the system would launch in 1998, based on an investment of $1.8 billion.
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue52.4MM-9%
Operating Income-12MM-695%
Operating Expenses64.4MM-
Net Income-15.1MM-
G&A5.3MM-56%
Stock Chart

Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from 

Finra

Moving Average Convergence/Divergence oscillator (MACD) is one of the simplest and most effective momentum indicators available.

Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. According to Wilder, RSI is considered overbought when above 70 and oversold when below 30.

Stock news

    COVINGTON, La., April 24, 2024--Globalstar, Inc. (NYSE American: GSAT), the leader in satellite messaging and emergency notification technologies, today announced a 10,000 rescue milestone. This achievement reflects Globalstar’s unwavering commitment to safety and preparedness, through its award-winning product portfolio with SPOT satellite messengers leading the way.

    COVINGTON, La., April 18, 2024--Globalstar, Inc. (NYSE American: GSAT), a next-generation telecommunications infrastructure and technology provider, today announced that members of the Company’s executive team will be participating in the following investor conferences:

    In this article, we will look into the 16 largest satellite companies in the world. If you want to skip our detailed analysis, you can go directly to the 5 Largest Satellite Companies in the World. According to a report by Allied Market Research, the global satellite market was worth $286 billion in 2022. It […]

    Eutelsat (EUTLF) and NEC XON ink a deal for connectivity capacity on the Eutelsat OneWeb Low Orbit constellation. NEC XON is a prominent ICT-systems integrator in Africa.

    Rebecca Clary, Vice President and Chief Financial Officer of Globalstar Inc (GSAT), has sold 75,000 shares of the company on March 15, 2024, according to a recent SEC filing.

    Iridium Communications, Globalstar and SES are part of the Zacks Industry Outlook article.

    Global security threats and increasing defense budgets bode well for Zacks Satellite and Communication industry participants like Iridium (IRDM), Globalstar (GSAT) and SES S.A. (SGBAF).

    In this article, we will take a look at the 15 biggest telecom companies in the US. If you want to skip our detailed analysis, you can go directly to 5 Biggest Telecom Companies in the US. Key Trends in the Telecom Industry According to a report by Mordor Intelligence, the US telecom market was […]

    Globalstar, Inc. (AMEX:GSAT) Q4 2023 Earnings Call Transcript February 28, 2024 Globalstar, Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good day and thank you for standing by. Welcome to the Globalstar Q4 2023 Earnings Conference Call. [Operator Instructions] […]

    There are some great telecom stocks to buy in March this year. The telecommunications industry is booming, with the continued rollout of fibre across the U.S. as well as 5G being an accretive tailwind for investors. In this article, I’ve put together seven of the most promising telecom stocks for investors to put their money into for this year. I believe that these companies have the most upside potential out of all the brands in the industry, as well as having very promising prospects for growt