Press coverage about Globalstar (NASDAQ:GSAT) has been trending positive on Monday, according to Accern. Accern rates the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Globalstar earned a news sentiment score of 0.27 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 46.7746631932342 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Shares of Globalstar (GSAT) opened at 1.63 on Monday. Globalstar has a 12-month low of $0.73 and a 12-month high of $2.59. The firm has a 50-day moving average of $1.95 and a 200 day moving average of $1.90. The firm’s market capitalization is $1.89 billion.
Globalstar (NASDAQ:GSAT) last posted its earnings results on Thursday, August 3rd. The company reported ($0.09) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.02) by $0.07. Globalstar had a negative return on equity of 320.82% and a negative net margin of 351.08%. The business had revenue of $28.13 million for the quarter, compared to the consensus estimate of $25.66 million. During the same period in the previous year, the firm earned $0.01 earnings per share. The company’s revenue was up 12.1% compared to the same quarter last year. On average, equities research analysts expect that Globalstar will post ($0.14) earnings per share for the current year.
In other Globalstar news, CEO James Monroe III bought 17,837,838 shares of Globalstar stock in a transaction on Friday, June 30th. The shares were purchased at an average cost of $1.85 per share, with a total value of $33,000,000.30. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.
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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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