FY2026 Earnings Estimate for Globalstar Issued By B. Riley

Globalstar, Inc. (NYSE:GSAT) – Research analysts at B. Riley issued their FY2026 earnings per share estimates for Globalstar in a research report issued to clients and investors on Wednesday, December 18th. B. Riley analyst M. Crawford anticipates that the company will post earnings per share of $0.01 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 Trading Up 0.3 %

Globalstar stock traded up $0.01 during midday trading on Thursday, hitting $1.86. The stock had a trading volume of 4,234,336 shares, compared to its average volume of 7,972,472. The company has a quick ratio of 0.99, a current ratio of 1.09 and a debt-to-equity ratio of 0.91. Globalstar has a 52-week low of $1.00 and a 52-week high of $2.74. The stock has a market capitalization of $3.51 billion, a P/E ratio of -61.83 and a beta of 1.10. The stock has a fifty day moving average of $1.94.

Insider Buying and Selling at Globalstar

In other Globalstar news, Director William A. Hasler sold 90,000 shares of Globalstar stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $1.93, for a total value of $173,700.00. Following the sale, the director now directly owns 848,668 shares in the company, valued at approximately $1,637,929.24. The trade was a 9.59 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Timothy Evan Taylor sold 3,500,000 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $2.22, for a total transaction of $7,770,000.00. Following the transaction, the vice president now directly owns 6,383,649 shares of the company’s stock, valued at $14,171,700.78. This trade represents a 35.41 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 1,530,000 shares of company stock valued at $2,987,000 and have sold 3,666,312 shares valued at $8,104,313. Insiders own 61.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. XTX Topco Ltd lifted its holdings in shares of Globalstar by 3,472.7% in the 3rd quarter. XTX Topco Ltd now owns 976,353 shares of the company’s stock valued at $1,211,000 after acquiring an additional 949,025 shares during the last quarter. FMR LLC raised its position in Globalstar by 32.7% during the third quarter. FMR LLC now owns 4,473,492 shares of the company’s stock valued at $5,547,000 after purchasing an additional 1,102,776 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Globalstar by 3.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,186,012 shares of the company’s stock valued at $7,671,000 after purchasing an additional 196,644 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Globalstar by 26.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 328,298 shares of the company’s stock worth $407,000 after purchasing an additional 68,599 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Globalstar in the 3rd quarter worth approximately $56,000. 18.89% of the stock is currently owned by institutional investors.

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.