Globalstar (NASDAQ:GSAT) Stock Rating Upgraded by Wall Street Zen

Posted by ABMN Staff on Jun 24th, 2025

Wall Street Zen upgraded shares of Globalstar (NASDAQ:GSAT – Free Report) from a sell rating to a hold rating in a report published on Monday.

Globalstar Stock Performance

Globalstar stock opened at $23.79 on Monday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.19 and a current ratio of 2.27. Globalstar has a 12 month low of $15.00 and a 12 month high of $41.10. The company has a market capitalization of $3.01 billion, a price-to-earnings ratio of -32.59 and a beta of 0.86.

Insiders Place Their Bets

In related news, Director James Monroe III acquired 50,000 shares of the stock in a transaction on Friday, May 16th. The shares were acquired at an average price of $18.68 per share, for a total transaction of $934,000.00. Following the transaction, the director now owns 58,833,076 shares in the company, valued at approximately $1,099,001,859.68. This trade represents a 0.09% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 61.00% of the company’s stock.

Institutional Investors Weigh In On Globalstar

A hedge fund recently bought a new stake in Globalstar stock. Acadian Asset Management LLC acquired a new position in Globalstar, Inc. (NASDAQ:GSAT – Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,777 shares of the company’s stock, valued at approximately $99,000. Hedge funds and other institutional investors own 18.89% of the company’s stock.

Globalstar Company Profile

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Globalstar, Inc provides mobile satellite services worldwide. The company offers duplex two-way voice and data products, including mobile voice and data satellite communications services and equipment for remote business continuity, recreational usage, safety, emergency preparedness and response, and other applications; fixed voice and data satellite communications services and equipment at industrial, commercial, and residential sites, as well as rural villages and ships; and data modem services and equipment.