Chardan Capital Reiterates “Buy” Rating for Globalstar (GSAT)
Globalstar (NASDAQ:GSAT)‘s stock had its “buy” rating reiterated by investment analysts at Chardan Capital in a note issued to investors on Monday, Stock Ratings Network.com reports. They currently have a $6.00 price target on the stock. Chardan Capital’s price objective would indicate a potential upside of 195.57% from the stock’s previous close.
Globalstar (NASDAQ:GSAT) opened at 2.03 on Monday. Globalstar has a 52-week low of $0.26 and a 52-week high of $2.07. The stock’s 50-day moving average is $1.84 and its 200-day moving average is $1.30. The company’s market cap is $1.522 billion.
Globalstar, Inc (NASDAQ:GSAT) is a provider of mobile voice and data communications services globally via satellite.
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