GSAT Stock Summary and Trading Ideas (Globalstar | AMEX:GSAT)

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.

Globalstar trades on the AMEX stock market under the symbol GSAT.

As of April 15, 2024, GSAT stock price declined to $1.30 with 4,207,534 million shares trading.

GSAT has a beta of 1.38, meaning it tends to be more sensitive to market movements. GSAT has a correlation of 0.07 to the broad based SPY ETF.

GSAT has a market cap of $2.45 billion. This is considered a Mid Cap stock.

Last quarter Globalstar reported $52 million in Revenue and -$.01 earnings per share. This fell short of revenue expectation by $-461,000 and missed earnings estimates by -$.01.

In the last 3 years, GSAT stock traded as high as $2.98 and as low as $.82.

The top ETF exchange traded funds that GSAT belongs to (by Net Assets): VTI, VB, IWM, VBK, VXF.

GSAT has underperformed the market in the last year with a price return of +20.4% while the SPY ETF gained +25.3%. GSAT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -31.2% and -11.6%, respectively, while the SPY returned +6.2% and -3.6%, respectively.

GSAT support price is $1.28 and resistance is $1.38 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GSAT stock will trade within this expected range on the day.