B. Riley Estimates Globalstar’s FY2026 Earnings (NYSE:GSAT)

Globalstar, Inc. (NYSE:GSAT) – Research analysts at B. Riley issued their FY2026 EPS estimates for shares of Globalstar in a research report issued to clients and 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 raised shares of Globalstar from a “sell” rating to a “hold” rating in a research note on Monday, November 11th.

Globalstar Stock Performance

Globalstar stock 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 current ratio of 1.09, a quick ratio of 0.99 and a debt-to-equity ratio of 0.91. The company has a 50 day simple moving average of $1.94. Globalstar has a one year low of $1.00 and a one year high of $2.74. The company has a market capitalization of $3.51 billion, a PE ratio of -61.83 and a beta of 1.10.

Institutional Investors Weigh In On Globalstar

Large investors have recently modified their holdings of the business. Barclays PLC increased its holdings 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 acquiring an additional 340,476 shares during the period. Geode Capital Management LLC lifted its stake in shares of Globalstar by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 16,812,336 shares of the company’s stock worth $20,852,000 after purchasing an additional 382,288 shares during the last quarter. Sender Co & Partners Inc. bought a new stake in Globalstar during the third quarter valued at about $106,000. XTX Topco Ltd grew its stake in Globalstar by 3,472.7% in the third quarter. XTX Topco Ltd now owns 976,353 shares of the company’s stock valued at $1,211,000 after purchasing an additional 949,025 shares during the last quarter. Finally, State Street Corp grew its stake in Globalstar by 3.4% in the third 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 last quarter. Institutional investors own 18.89% of the company’s stock.

Insiders Place Their Bets

In other news, Director James Monroe III bought 530,000 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was acquired at an average cost of $1.90 per share, with a total value of $1,007,000.00. Following the transaction, the director now directly owns 6,834,090 shares in the company, valued at approximately $12,984,771. This trade represents a 8.41 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Timothy Evan Taylor sold 3,500,000 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $2.22, for a total value of $7,770,000.00. Following the transaction, the vice president now directly owns 6,383,649 shares in the company, valued at $14,171,700.78. The trade was a 35.41 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have purchased 1,530,000 shares of company stock worth $2,987,000 and have sold 3,666,312 shares worth $8,104,313. 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.