FY2026 Earnings Estimate for Globalstar Issued By B. Riley

Globalstar, Inc. (NYSE:GSAT) – B. Riley issued their FY2026 earnings per share estimates for shares of Globalstar in a research note issued to investors on Wednesday, December 18th. B. Riley analyst M. Crawford expects that the company will earn $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 upgraded shares of Globalstar from a “sell” rating to a “hold” rating in a research report on Monday, November 11th.

Globalstar Trading Up 3.7 %

Shares of GSAT opened at $1.95 on Thursday. The firm has a market capitalization of $3.69 billion, a price-to-earnings ratio of -65.00 and a beta of 1.10. The firm has a 50 day simple moving average of $1.95. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.99 and a current ratio of 1.09. Globalstar has a 12 month low of $1.00 and a 12 month high of $2.74.

Insiders Place Their Bets

In related news, VP Timothy Evan Taylor sold 3,500,000 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $2.22, for a total transaction of $7,770,000.00. Following the transaction, the vice president now owns 6,383,649 shares of the company’s stock, valued at approximately $14,171,700.78. This represents a 35.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William A. Hasler sold 90,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $1.93, for a total transaction of $173,700.00. Following the completion of the transaction, the director now directly owns 848,668 shares of the company’s stock, valued at approximately $1,637,929.24. The trade was a 9.59 % decrease in their position. The disclosure for this sale can be found here. In 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. Corporate insiders own 61.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of GSAT. FMR LLC grew its position in shares of Globalstar by 32.7% during the third quarter. FMR LLC now owns 4,473,492 shares of the company’s stock worth $5,547,000 after buying an additional 1,102,776 shares in the last quarter. XTX Topco Ltd grew its holdings in shares of Globalstar by 3,472.7% during the third quarter. XTX Topco Ltd now owns 976,353 shares of the company’s stock worth $1,211,000 after purchasing an additional 949,025 shares during the last quarter. State Street Corp increased its position in shares of Globalstar by 3.4% during the third quarter. State Street Corp now owns 17,583,625 shares of the company’s stock worth $21,804,000 after purchasing an additional 580,305 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Globalstar by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 16,812,336 shares of the company’s stock valued at $20,852,000 after purchasing an additional 382,288 shares during the last quarter. Finally, Barclays PLC boosted its position in shares of Globalstar by 36.6% in the 3rd quarter. Barclays PLC now owns 1,270,443 shares of the company’s stock valued at $1,575,000 after purchasing an additional 340,476 shares during the period. 18.89% of the stock is currently owned by hedge funds and other institutional investors.

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.