Globalstar (NASDAQ:GSAT) Azioni

Globalstar

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. It has one reportable segment: MSS business. The company generates the vast majority of its revenue within the United States.

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Globalstar Inc

Globalstar's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSAT#NYSE">GSAT</a>) short percent of float has risen 8.51% since its last report. The company recently reported that it has 3.04 million shares sold short, which is 6.12% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.55 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>Globalstar Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1743793273_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Globalstar has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Globalstar's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Globalstar's peer group average for short interest as a percentage of float is 6.96%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

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Looking Into Globalstar's Recent Short Interest

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Shares of companies within the broader communication services sectors are trading lower as global markets continue to decline following President Trump's announcement of sweeping tariffs.

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Shares of companies within the broader communication services sector are trading lower as markets react to President Trump's announcement of sweeping tariffs.

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.globalstar.com%2Fen-us&amp;esheet=54225461&amp;newsitemid=20250318709242&amp;lan=en-US&amp;anchor=Globalstar&amp;index=1&amp;md5=e620e617f33d7e18c99cd8abe3da8bb9">Globalstar</a>, Inc., (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSAT#NASDAQ">GSAT</a>) ("Globalstar" or the "Company"), a next-generation telecommunications infrastructure and technology provider, announces the grand opening of its state-of-the-art Satellite Operations Control Center ("SOCC") at its headquarters in Covington, La., on March 17. This milestone marks a significant expansion of Globalstar's operational capabilities and reinforces the Company's strategic growth as it advances next-generation satellite and connectivity solutions.
The grand opening event was attended by notable representatives and local dignitaries, including House Majority Leader Steve Scalise and FCC Chairman Brendan Carr. The event featured live music and a selection of Louisiana cuisine, offering attendees a taste of the region's rich culinary heritage while marking the occasion with local flair.

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Globalstar Announces Opening Of Satellite Operations Control Center At Covington HQ; Event Attended By House Majority Leader Steve Scalise And FCC Chairman Brendan Carr

Shares of companies within the broader communication services sector are trading lower amid economic worries driven by tariffs and trade policies. Investors may be expecting a decline in investment, which may also be weighing on the industry.

On Tuesday, 5G semiconductor solutions supplier GCT Semiconductor Holding Inc and Globalstar, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSAT#NASDAQ">GSAT</a>) announced a partnership to develop two-way satellite messaging systems for Globalstar&#8217;s <a target="_blank" href="https://www.benzinga.com/pressreleases/25/03/b44106080/gct-semiconductor-and-globalstar-partner-to-develop-iot-modules-for-two-way-satellite-cellular-and" rel="noreferrer noopener">mobile devices and modules</a>.
Globalstar recently announced that the RM200M product will use GCT&#8217;s IoT chip, GDM7243i.
Future products will support Globalstar&#8217;s satellite network using GCT&#8217;s 4G LTE chip, GDM7243SL, and 5G IoT-enabled chipset.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/25/03/44108610/paysafe-q4-revenue-falls-short-despite-12-payment-volume-growth-issues-weak-2025-outlook" rel="noreferrer noopener">Paysafe Q4 Revenue Falls Short Despite 12% Payment Volume Growth, Issues Weak 2025 Outlook</a>
Globalstar VP Alex Katko said GCT&#8217;s GDM7243i is a top choice for narrowband IoT applications, including trackers and satellite GPS devices. He added that the narrowband and low-power capability of GDM7243i, alongside the flexible multi-mode GDM7243SL, will enable Globalstar devices and modules to fully connect and seamlessly switch between cellular and satellite networks worldwide.
In January, Apple Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) tapped&nbsp;SpaceX&nbsp;to support the&nbsp;<a target="_blank" href="https://www.benzinga.com/news/contracts/25/01/43311428/why-globalstar-stock-is-tumbling-wednesday" rel="noreferrer noopener">iPhone Starlink satellite network</a>. Apple already offers a satellite service through its collaboration with Globalstar.
Globalstar reported <a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/b44025320/globalstar-announces-2024-financial-results" rel="noreferrer noopener">fourth-quarter revenue</a> of $61.18 million, up 17%, missing the analyst consensus estimate of $62.43 million. Adjusted EPS loss of $(0.20) missed the analyst consensus loss estimate of $(0.02). The company reiterated fiscal 2025 revenue of $260 million-$285 million compared to analyst consensus estimate of $279.59 million.
Price Action: GSAT stock is down 2.56% at $20.40 at the last check Tuesday.
Also Read:
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<li><a href="https://www.benzinga.com/25/03/44107246/sea-q4-earnings-e-commerce-and-digital-finance-drive-double-digit-growth-projects-expansion-in-2025" target="_blank" rel="noreferrer noopener">Sea Q4 Earnings: E-Commerce And Digital Finance Drive Double-Digit Growth, Projects Expansion In 2025</a></li>
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Tech

AAPL

Apple Partner Globalstar Teams Up With GCT Semiconductor to Power Satellite Messaging with IoT Chips

Contracts

GCTS

GCT Semiconductor And Globalstar Enters Strategic Partnership To Develop IoT Modules For Two-Way Satellite, Cellular And Band 53 Connectivity

Craig-Hallum analyst George Sutton maintains Globalstar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSAT#NASDAQ">GSAT</a>) with a Buy and lowers the price target from $75 to $45.

Price Target

Analyst Ratings

Craig-Hallum Maintains Buy on Globalstar, Lowers Price Target to $45

Globestar shares are trading lower after the company reported worse-than-expected Q4 adjusted EPS results.

Globalstar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSAT#NASDAQ">GSAT</a>) sees FY2025 sales of $260.000 million-$285.000 million vs $263.03 million analyst estimate.

Guidance

Globalstar Sees FY2025 Sales $260.000M-$285.000M vs $263.03M Est

Globalstar (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GSAT#AMEX">GSAT</a>) reported quarterly losses of $(0.20) per share which missed the analyst consensus estimate of $(0.03) by 566.67 percent. This is a 33.33 percent decrease over losses of $(0.15) per share from the same period last year. The company reported quarterly sales of $61.18 million which beat the analyst consensus estimate of $60.24 million by 1.56 percent. This is a 16.73 percent increase over sales of $52.41 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

Globalstar Q4 Adj EPS $(0.20) Misses $(0.03) Estimate, Sales $61.18M Beat $60.24M Estimate

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Earnings Scheduled For February 27, 2025

Globalstar shares are trading higher after the company announced the launch of a two-way satellite IoT solution via its LEO constellation. Also, Morgan Stanley maintained an Equal-Weight rating on the stock and raised its price target form $14.85 to $25.

Morgan Stanley analyst Simon Flannery maintains Globalstar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSAT#NASDAQ">GSAT</a>) with a Equal-Weight and raises the price target from $14.85 to $25.

Morgan Stanley Maintains Equal-Weight on Globalstar, Raises Price Target to $25

Globalstar Announces The Launch Of A Two-Way Satellite IoT Solution Via Its LEO Constellation

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Shares of companies in the broader communication sector are trading lower amid overall market weakness on US consumer and economic concerns.

B. Riley Securities analyst Mike Crawford maintains Globalstar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSAT#NASDAQ">GSAT</a>) with a Buy, adjusts target to $60 from $4 (1-15 Reverse Stock Split)

B. Riley Securities Maintains Buy on Globalstar, Adjusts Price Target To $60 from $4 (1-for-15 Reverse Stock Split)

Trading Halt: Halt status updated at 9:40:00 AM ET: Quotation Resumption: New Issue Available

Globalstar shares are trading higher after MDA Space signed a definitive contract with the company to be the prime contractor for the satellite operator's next generation low Earth orbit constellation.

Press Releases

MDA SPACE SIGNS $1.1B CONTRACT WITH GLOBALSTAR TO BUILD NEXT GENERATION LEO CONSTELLATION

Globalstar Rang Nasdaq Opening Bell on February 11, 2025

Globalstar Receives 2024 IoT Excellence Award

Comtech Appoints David B. Kagan to its Board of Directors

Globalstar Showcasing Industry Leading Products, Speaking Live at Mobile World Congress Barcelona

Globalstar, Inc. Earnings Release and Call Notice

Globalstar Announces Two-Way Satellite IoT Solution

Globalstar Announces 2024 Financial Results

GCT Semiconductor and Globalstar Partner to Develop IoT Modules for Two-Way Satellite, Cellular and Band 53 Connectivity

Globalstar Expands Capabilities with Opening of New Satellite Operations Control Center in Covington, Louisiana

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