FY2026 Earnings Estimate for Globalstar Issued By B. Riley

Globalstar, Inc. (NYSE:GSAT) – Stock analysts at B. Riley issued their FY2026 EPS estimates for shares of Globalstar in a report released on Wednesday, December 18th. B. Riley analyst M. Crawford anticipates that the company will post earnings of $0.01 per share for the year. The consensus estimate for Globalstar’s current full-year earnings is ($0.01) per share. B. Riley also issued estimates for Globalstar’s FY2027 earnings at $0.03 EPS.

Separately, StockNews.com raised Globalstar from a “sell” rating to a “hold” rating in a report on Monday, November 11th.

Globalstar Trading Up 0.3 %

NYSE:GSAT traded up $0.01 during mid-day trading on Thursday, hitting $1.86. The company’s stock had a trading volume of 4,234,336 shares, compared to its average volume of 7,972,472. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.09 and a quick ratio of 0.99. The company has a fifty day simple moving average of $1.94. The firm has a market cap of $3.51 billion, a P/E ratio of -61.83 and a beta of 1.10. Globalstar has a fifty-two week low of $1.00 and a fifty-two week high of $2.74.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. State Street Corp lifted its position in Globalstar by 3.4% during the 3rd quarter. State Street Corp now owns 17,583,625 shares of the company’s stock valued at $21,804,000 after purchasing an additional 580,305 shares during the period. Geode Capital Management LLC raised its stake in shares of Globalstar by 2.3% during the third quarter. Geode Capital Management LLC now owns 16,812,336 shares of the company’s stock worth $20,852,000 after buying an additional 382,288 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Globalstar by 3.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,186,012 shares of the company’s stock worth $7,671,000 after buying an additional 196,644 shares during the last quarter. FMR LLC boosted its stake in Globalstar by 32.7% in the third quarter. FMR LLC now owns 4,473,492 shares of the company’s stock valued at $5,547,000 after acquiring an additional 1,102,776 shares during the last quarter. Finally, Barclays PLC boosted its stake in Globalstar by 36.6% in the third quarter. Barclays PLC now owns 1,270,443 shares of the company’s stock valued at $1,575,000 after acquiring an additional 340,476 shares during the last quarter. Institutional investors and hedge funds own 18.89% of the company’s stock.

Insider Buying and Selling at Globalstar

In related news, CFO Rebecca Clary sold 37,688 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $2.13, for a total transaction of $80,275.44. Following the sale, the chief financial officer now directly owns 1,396,027 shares in the company, valued at $2,973,537.51. This represents a 2.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William A. Hasler sold 90,000 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $1.93, for a total value of $173,700.00. Following the completion of the transaction, the director now directly owns 848,668 shares in the company, valued at approximately $1,637,929.24. This represents a 9.59 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders purchased 1,530,000 shares of company stock valued at $2,987,000 and sold 3,666,312 shares valued at $8,104,313. Company insiders own 61.00% of the company’s stock.

Globalstar Company Profile

GLOBALSTAR INC offers satellite voice and data services to commercial and recreational users in more than 120 countries around the world. Globalstar’s products include mobile and fixed satellite telephones, simplex and duplex satellite data modems and flexible service packages. Many land based and maritime industries benefit from Globalstar with increased productivity from remote areas beyond cellular and landline service.