Globalstar Inc

Globalstar Inc Stock Forecast & Price Prediction

Live Globalstar Inc Stock (GSAT) Price
$1.75

1

Ratings

  • Buy 1
  • Hold 0
  • Sell 0
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$1.75

P/E Ratio

-88.00

Volume Traded Today

$26.2M

Dividend

Dividends not available for GSAT

52 Week High/low

2.13/1.00

Globalstar Inc Market Cap

$3.60B

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GSAT Summary

From what 1 stock analysts predict, the share price for Globalstar Inc (GSAT) might increase by 90.29% in the next year. This is based on a 12-month average estimation for GSAT. Price targets go from $0.99 to $5. The majority of stock analysts believe GSAT is a buy. Please note analyst price targets are not guaranteed and could be missed completely.

GSAT Analyst Ratings

Globalstar Inc has a total of 1 Wall St Analyst ratings. There are 1 buy ratings, 0 ratings, and 0 sell ratings. Since most analysts have a buy consensus rating, the expectation is that Globalstar Inc will outperform the market. Investors shouldn't rely purely on analyst ratings; we encourage investors to also take a look at the fundamental and technical analysis in their due diligence.

GSAT stock forecast by analyst

These are the latest 20 analyst ratings of GSAT.

Analyst/Firm

Rating

Price Target

Change

Date

George Sutton
Craig-Hallum

Buy

$5

Maintains

Nov 4, 2024
Simon Flannery
Morgan Stanley

Equal-Weight

$0.97

Upgrade

May 3, 2023
George Sutton
Craig-Hallum

Buy

$5

Initiates

Oct 31, 2022
Mike Crawford
B. Riley Securities

Buy

$3.25

Initiates

Jun 21, 2021

Morgan Stanley

Underweight


Downgrade

Jan 22, 2021

Morgan Stanley

Equal-Weight

$0.55

Maintains

Jun 15, 2020

Morgan Stanley

Equal-Weight

$0.56

Maintains

Apr 27, 2020

Chardan Capital

Neutral


Downgrade

Aug 9, 2018

Morgan Stanley

Equal-Weight


Initiates

Apr 11, 2018

Chardan Capital

Buy


Upgrade

Feb 24, 2017

Chardan Capital

Neutral


Downgrade

Jun 13, 2016

Chardan Capital

Buy


Initiates

Oct 25, 2013

Dominick & Dominick

Neutral


Initiates

Oct 9, 2012

GSAT Company Information

What They Do: Provides mobile satellite communication services.

Business Model: Globalstar, Inc. generates revenue by offering a wide range of mobile satellite services and products, including two-way voice and data communications, Internet of Things (IoT) solutions, and satellite transmitter modules. The company sells its products through various channels such as retailers, a dedicated sales force, and its e-commerce website, catering to both individual consumers and businesses across multiple industries.

Other Information: Founded in 1993 and headquartered in Covington, Louisiana, Globalstar operates in various markets, including recreation, public safety, oil and gas, and transportation, providing essential communication solutions for remote and emergency situations.
GSAT
Globalstar Inc (GSAT)

When did it IPO

2014

Staff Count

348

Country

United States

Sector/Industry

Communication Services/Telecom Services

CEO

Dr. Paul E. Jacobs Ph.D.

Market Cap

$3.60B

Globalstar Inc (GSAT) Financial Data

In 2023, GSAT generated $223.8M in revenue, which was a increase of 50.71% from the previous year. This can be seen as a signal that GSAT's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

$128.5M

Revenue From 2021

$124.3M

-3.26 %
From Previous Year

Revenue From 2022

$148.5M

19.48 %
From Previous Year

Revenue From 2023

$223.8M

50.71 %
From Previous Year
  • Revenue TTM $241.6M
  • Operating Margin TTM 13.4%
  • Gross profit TTM $154.3M
  • Return on assets TTM -0.3%
  • Return on equity TTM -7.2%
  • Profit Margin -11.6%
  • Book Value Per Share 0.21%
  • Market capitalisation $3.60B
  • Revenue for 2021 $124.3M
  • Revenue for 2022 $148.5M
  • Revenue for 2023 $223.8M
  • EPS this year (TTM) $-0.02

Globalstar Inc (GSAT) Latest News

News Image

Mon, 11 Nov 2024

Sentiment - NEUTRAL

Source - MarketBeat

Summary - Globalstar (NYSEAMERICAN: GSAT) shares declined 45% through October 2024, prompting renewed interest from investors after a period of neglect.

Why It Matters - Globalstar's significant decline in stock price signals potential volatility, offering opportunities for bargain-hunting investors or indicating underlying business challenges.

News Image

Tue, 12 Nov 2024

Sentiment - NEUTRAL

Source - Business Wire

Summary - Globalstar, Inc. (NYSE: GSAT) announced Dr. Paul Jacobs will present at Deutsche Bank's Global Space Summit on November 20, 2024, with management available for 1x1 meetings.

Why It Matters - Globalstar's participation in a prominent industry event highlights its strategic positioning in telecommunications, potentially influencing investor sentiment and company valuation.

News Image

Sat, 09 Nov 2024

Sentiment - NEUTRAL

Source - Seeking Alpha

Summary - The 'Undercovered' Dozen series spotlights 12 lesser-known stocks. Xometry's AI-driven software shows growth potential, while Boston Scientific's Axonics acquisition strengthens its urology position.

Why It Matters - Highlighting lesser-known stocks like Xometry and Boston Scientific's strategic acquisition can reveal high-growth investment opportunities and inform portfolio diversification strategies.

News Image

Thu, 07 Nov 2024

Sentiment - NEUTRAL

Source - Seeking Alpha

Summary - Globalstar, Inc. (NYSE:GSAT) will hold its Q3 2024 earnings conference call on November 7, 2024, at 5:00 PM ET, featuring CEO Paul Jacobs and CFO Rebecca Clary.

Why It Matters - Globalstar's upcoming Q3 2024 earnings call will provide insights into its financial performance and strategic direction, influencing stock valuation and investor sentiment.

News Image

Thu, 07 Nov 2024

Sentiment - NEUTRAL

Source - Business Wire

Summary - Globalstar announced its financial results for the third quarter of 2024. Further details on performance metrics and guidance were not provided in the excerpt.

Why It Matters - Globalstar's Q3 2024 financial results provide insights into its performance, affecting stock valuation, investor sentiment, and potential future growth opportunities.

News Image

Tue, 05 Nov 2024

Sentiment - POSITIVE

Source - Seeking Alpha

Summary - Globalstar's share price rose following an expanded partnership with Apple, which includes capital investment. This is expected to enhance high-margin revenue and growth from XCOM and terrestrial spectrum.

Why It Matters - Globalstar's partnership with Apple signals potential for increased revenue and growth, boosting investor confidence and share value due to anticipated high-margin opportunities.

...

GSAT Frequently asked questions

The highest forecasted price for GSAT is $5 from George Sutton at Craig-Hallum.

The lowest forecasted price for GSAT is $0.99 from from

The GSAT analyst ratings consensus are 1 buy ratings, 0 hold ratings, and 0 sell ratings.