News articles about Globalstar (NASDAQ:GSAT) have been trending somewhat positive recently, according to AlphaOne. The research group, a subsidiary of Accern, identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Globalstar earned a media sentiment score of 0.23 on AlphaOne’s scale. AlphaOne also assigned media headlines about the company an impact score of 36 out of 100, meaning that recent press coverage is unlikely to have an effect on the company’s share price in the near future.
Shares of Globalstar (NASDAQ:GSAT) traded up 3.29% during mid-day trading on Friday, reaching $2.20. 9,780,111 shares of the company’s stock were exchanged. Globalstar has a one year low of $0.73 and a one year high of $2.59. The company has a 50 day moving average price of $2.09 and a 200-day moving average price of $1.62. The stock’s market cap is $2.46 billion.
Globalstar (NASDAQ:GSAT) last issued its earnings results on Thursday, May 4th. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.02). The business had revenue of $24.65 million during the quarter, compared to analysts’ expectations of $23.77 million. Globalstar had a negative net margin of 81.78% and a negative return on equity of 50.98%. The business’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.03) earnings per share. On average, analysts predict that Globalstar will post ($0.08) EPS for the current year.
GSAT has been the subject of several research analyst reports. Chardan Capital restated a “buy” rating and set a $2.50 price objective on shares of Globalstar in a research report on Wednesday, April 12th. Odeon Capital Group LLC reaffirmed a “positive” rating on shares of Globalstar in a research note on Tuesday, March 28th.
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Globalstar Company Profile
Globalstar, Inc (Globalstar) provides mobile satellite services (MSS), including voice and data communications services globally through satellite. The Company provides wireless communications services in areas not served or underserved by terrestrial wireless and wireline networks and in circumstances where terrestrial networks are not operational due to natural or man-made disasters.
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