GSAT - Globalstar Inc Stock Price, Fair Value and News

1.17USD-0.06 (-4.88%)Market Closed

Market Summary

USD1.17-0.06

Market Closed

-4.88%

GSAT Alerts

Big fall in earnings (Y/Y)

Losses in recent quarter

GSAT Stock Price

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GSAT RSI Chart

GSAT Valuation

Market Cap

2.3B

Price/Earnings (Trailing)

-67.25

Price/Sales (Trailing)

10.45

EV/EBITDA

38.73

Price/Free Cashflow

28.46

GSAT Price/Sales (Trailing)

GSAT Profitability

EBT Margin

-15.05%

Return on Equity

-9.13%

Return on Assets

-3.76%

Free Cashflow Yield

3.51%

GSAT Fundamentals

GSAT Revenue

Revenue (TTM)

221.6M

Rev. Growth (Yr)

-3.69%

Rev. Growth (Qtr)

7.77%

GSAT Earnings

Earnings (TTM)

-34.4M

Earnings Growth (Yr)

-279.2%

Earnings Growth (Qtr)

12.48%

Breaking Down GSAT Revenue

52 Week Range

0.961.65

(Low)(High)

Last 7 days

-6.2%

Last 30 days

-10.4%

Last 90 days

-29.2%

Trailing 12 Months

18.6%

How does GSAT drawdown profile look like?

GSAT Financial Health

Current Ratio

Debt/Equity

0.97

Debt/Cashflow

0.22

GSAT Investor Care

Shares Dilution (1Y)

3.91%

Diluted EPS (TTM)

-0.03

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	221.6M	0	0	0
2023	174.4M	192.6M	212.7M	223.8M
2022	130.1M	136.7M	141.7M	148.5M
2021	123.2M	123.1M	123.0M	124.3M
2020	133.8M	133.0M	127.2M	128.5M
2019	131.4M	128.9M	131.8M	131.7M
2018	116.8M	122.4M	127.6M	130.1M
2017	99.7M	102.7M	107.6M	112.7M
2016	91.3M	93.4M	95.2M	96.9M
2015	90.5M	89.6M	89.8M	90.5M
2014	83.9M	88.1M	89.0M	90.1M
2013	78.9M	78.8M	80.8M	82.7M
2012	71.3M	72.3M	74.6M	76.3M
2011	70.6M	72.0M	72.0M	72.8M
2010	65.2M	66.1M	67.0M	67.9M
2009	0	0	0	64.3M

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Tracking the Latest Insider Buys and Sells of Globalstar Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 15, 2024	clary rebecca	sold	-104,250	1.39	-75,000	vp & chief financial officer
Mar 14, 2024	taylor timothy evan	sold	-565,324	1.4312	-395,000	vp, finance & operations
Mar 13, 2024	lynch james f	bought	960,300	1.455	660,000	-
Mar 13, 2024	taylor timothy evan	sold	-574,132	1.4535	-395,000	vp, finance & operations
Mar 12, 2024	lynch james f	bought	952,776	1.4436	660,000	-
Mar 11, 2024	lynch james f	bought	934,890	1.4165	660,000	-
Mar 08, 2024	lynch james f	bought	883,872	1.3392	660,000	-
Mar 07, 2024	lynch james f	bought	863,742	1.3087	660,000	-
Mar 05, 2024	ponder l barbee iv	acquired	100,000	1.33	75,188	general counsel
Mar 05, 2024	clary rebecca	sold (taxes)	-74,748	1.33	-56,202	vp & chief financial officer

Which funds bought or sold GSAT recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 10, 2024	CITIGROUP INC	reduced	-43.17	-705,491	533,579	-%
May 10, 2024	TD Waterhouse Canada Inc.	sold off	-100	-952	-	-%
May 10, 2024	WELLS FARGO & COMPANY/MN	added	16.24	-46,119	340,750	-%
May 10, 2024	PNC Financial Services Group, Inc.	added	0.28	-167,730	530,670	-%
May 10, 2024	LPL Financial LLC	reduced	-26.95	-563,401	698,437	-%
May 10, 2024	OSAIC HOLDINGS, INC.	reduced	-11.86	-113,418	228,071	-%
May 10, 2024	JPMORGAN CHASE & CO	added	24.00	-228,222	3,547,960	-%
May 10, 2024	CREDIT SUISSE AG/	added	2.6	-522,011	1,823,560	-%
May 10, 2024	BlackRock Inc.	reduced	-0.52	-24,960,900	76,407,000	-%
May 10, 2024	MACKENZIE FINANCIAL CORP	unchanged	-	-20,804	65,070	-%

Are Funds Buying or Selling GSAT?

Are funds buying GSAT calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own GSAT

No. of Funds

Unveiling Globalstar Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Sep 12, 2022	globalstar, inc.	0.04%	640,750	SC 13D/A
Sep 07, 2022	globalstar, inc.	0.04%	640,750	SC 13D/A
Feb 14, 2022	mudrick capital management, l.p.	1.2%	12,531,105	SC 13G/A
Feb 12, 2021	mudrick capital management, l.p.	2.3%	0	SC 13G/A
Feb 25, 2020	globalstar, inc.	0.04%	0	SC 13D/A
Feb 14, 2020	mudrick capital management, l.p.	1.1%	3,359,889	SC 13G/A
Jan 03, 2020	globalstar, inc.	0.04%	0	SC 13D/A
Sep 06, 2019	mudrick capital management, l.p.	1.1%	3,359,889	SC 13G

Recent SEC filings of Globalstar Inc

View All Filings

Date Filed	Form Type	Document
May 08, 2024	10-Q	Quarterly Report
May 08, 2024	8-K	Current Report
Apr 30, 2024	8-K	Current Report
Apr 25, 2024	EFFECT	EFFECT
Apr 12, 2024	POS AM	POS AM
Apr 10, 2024	ARS	ARS
Apr 10, 2024	DEF 14A	DEF 14A
Apr 10, 2024	S-8	Employee Benefits Plan
Mar 15, 2024	4	Insider Trading
Mar 15, 2024	144	Notice of Insider Sale Intent

Peers (Alternatives to Globalstar Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
TMUS	193.0B	78.5B	2.29%	15.95%	22.05	2.46	-0.71%	129.26%
VZ	167.7B	134.0B	-2.57%	5.74%	14.83	1.25	-1.58%	-47.62%
T	123.2B	122.3B	1.66%	0.82%	11.76	1.01	0.95%	215.07%
CHTR	38.1B	54.6B	-2.77%	-22.36%	8.05	0.7	0.29%	-3.30%
MID-CAP
CCOI	2.9B	1.1B	-4.87%	-5.80%	2.43	2.77	74.42%	11734.07%
IDCC	2.7B	610.8M	8.37%	24.22%	14.11	4.4	9.29%	5.25%
GSAT	2.3B	221.6M	-10.37%	18.63%	-67.25	10.45	27.11%	85.65%
CABO	2.2B	1.7B	-1.71%	-41.70%	8.6	1.33	-2.39%	114.34%
SMALL-CAP
ATUS	993.5M	9.2B	-13.58%	-22.79%	161.81	0.11	-3.42%	-74.28%
ATEX	588.9M	3.5M	-4.14%	-1.55%	37.22	166.41	115.01%	136.91%
CNSL	510.4M	1.1B	-0.23%	12.57%	-1.81	0.46	-5.01%	-258.89%
ATNI	379.7M	763.2M	-15.42%	-33.90%	-19.33	0.5	3.21%	-54.92%
CXDO	102.8M	55.0M	-17.11%	188.65%	62.14	1.87	31.29%	104.62%
DISH	-	15.3B	-	-100.00%	-	-	-8.30%	-147.55%

Globalstar Inc News

Latest updates

Globalstar Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	7.8%	56,480	52,409	57,683	55,072	58,644	41,306	37,626	36,800	32,772	34,475	32,614	30,279	26,929	33,172	32,757	30,364	32,194	31,835	38,614	31,191	30,078
Costs and Expenses	-5.0%	61,192	64,402	55,666	52,452	51,453	50,626	224,267	48,156	46,484	49,996	47,328	46,287	46,189	48,236	47,392	45,743	46,279	48,889	50,619	47,847	48,409
S&GA Expenses	25.7%	10,646	8,469	12,090	12,654	13,391	6,946	8,607	9,693	9,341	5,655	9,196	9,681	10,097	10,331	10,063	10,253	11,091	9,710	12,895	11,022	11,606
EBITDA Margin	-12.5%	0.31*	0.35*	0.41*	-0.60*	-0.80*	-1.10*	-1.26*	-0.04*	0.03*	-0.09*	-0.03*	0.02*	0.01*	-0.01*	-0.06*	0.28*	0.56*	1.06*	0.60*	0.52*	0.40*
Interest Expenses	-	6,694	-	5,958	-	7,554	-	-	-	-	1,517	40.00	3,937	40.00	4,907	40.00	5,930	41.00	14,431	40.00	12,882	-
Income Taxes	-99.1%	8.00	938	115	26.00	44.00	22.00	-153	121	83.00	-616	-114	354	77.00	493	58.00	90.00	21.00	421	40.00	57.00	27.00
Earnings Before Taxes	6.7%	-13,188	-14,140	-6,054	35.00	-3,436	-5,313	-204,514	-26,636	-20,379	-24,574	-30,999	-21,095	-36,256	-21,241	-24,888	-24,646	-38,202	-37,326	21,151	6,246	25,798
EBT Margin	-42.7%	-0.15*	-0.11*	-0.07*	-1.11*	-1.38*	-1.73*	-1.95*	-0.75*	-0.75*	-0.91*	-0.89*	-0.84*	-0.87*	-0.85*	-0.98*	-0.59*	-0.36*	0.12*	-0.33*	-0.43*	-0.52*
Net Income	12.5%	-13,196	-15,078	-6,169	9.00	-3,480	-5,335	-204,361	-26,757	-20,462	-23,958	-30,885	-21,449	-36,333	-21,734	-24,946	-24,736	-38,223	-37,747	21,111	6,189	25,771
Net Income Margin	-40.7%	-0.16*	-0.11*	-0.07*	-1.11*	-1.38*	-1.73*	-1.94*	-0.75*	-0.74*	-0.91*	-0.90*	-0.85*	-0.87*	-0.85*	-0.99*	-0.60*	-0.36*	0.12*	-0.33*	-0.43*	-0.52*
Free Cashflow	415.4%	29,818	5,785	24,449	19,074	21,691	30,981	9,820	12,088	6,455	23,601	50,132	50,294	3,398	-2,586	13,714	3,140	3,491	-4,110	3,120	-868	312

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-0.8%	917	924	911	832	845	738	747	944	850	814	884	876	913	888	911	924	939	966	1,020	1,037	1,045
Current Assets	-4.7%	136	143	144	121	73.00	81.00	66.00	70.00	71.00	69.00	75.00	72.00	112	68.00	73.00	65.00	61.00	63.00	147	144	133
Cash Equivalents	4.5%	59.00	57.00	64.00	65.00	20.00	32.00	15.00	13.00	12.00	14.00	62.00	67.00	107	68.00	74.00	67.00	62.00	59.00	87.00	86.00	74.00
Inventory	-1.2%	14.00	15.00	12.00	11.00	10.00	9.00	9.00	16.00	14.00	14.00	13.00	12.00	13.00	14.00	15.00	16.00	16.00	16.00	17.00	15.00	14.00
Net PPE	0.2%	626	624	613	606	564	560	533	708	680	672	683	681	696	716	734	754	775	800	820	844	864
Current Liabilities	-22.9%	136	176	185	174	163	197	147	140	104	62.00	81.00	61.00	114	114	107	101	58.00	63.00	169	171	169
Long Term Debt	11.8%	364	326	307	307	182	132	262	257	247	238	287	313	336	327	330	324	356	464	402	393	374
LT Debt, Current	0%	35.00	35.00	32.00	30.00	-	-	-	-	-	-	-	-	55.00	59.00	46.00	45.00	-	-	99.00	99.00	96.00
LT Debt, Non Current	-100.0%	-	326	307	307	182	132	262	257	247	238	287	313	336	327	330	324	356	464	402	393	374
Shareholder's Equity	-0.5%	377	379	383	315	310	315	136	329	349	365	385	412	436	423	447	470	495	407	416	393	385
Retained Earnings	-0.6%	-2,078	-2,064	-2,049	-2,043	-2,043	-2,040	-2,034	-1,830	-1,803	-1,783	-1,759	-1,728	-1,707	-1,670	-1,648	-1,624	-1,599	-1,559	-1,521	-1,542	-1,548
Additional Paid-In Capital	0.4%	2,448	2,439	2,424	2,352	2,346	2,346	2,155	2,153	2,152	2,147	2,144	2,143	2,142	2,097	2,095	2,094	2,092	1,970	1,941	1,940	1,938
Shares Outstanding	2.6%	1,883	1,835	1,836	1,813	1,812	1,801	1,799	1,800	1,798	1,765	1,793	1,736	1,680	1,642	1,670	1,669	1,558	1,451	1,450	1,450	1,448
Float	-	-	-	-	700	-	-	-	800	-	-	-	1,200	-	-	-	200	-	-	-	292	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	415.4%	29,818	5,785	25,563	20,188	22,805	32,095	10,934	13,202	7,569	24,715	51,246	51,408	4,512	-1,472	14,828	4,254	4,605	-2,996	4,234	485	1,325
Share Based Compensation	-22.1%	9,227	11,851	4,346	2,532	3,760	6,321	2,100	1,147	1,233	3,685	858	1,096	1,090	1,977	1,417	1,228	1,280	1,560	1,384	1,665	1,091
Cashflow From Investing	-63.3%	-54,249	-33,227	-17,749	-53,061	-71,575	-14,646	-2,914	-11,941	-10,451	-15,153	-18,035	-7,024	-4,974	-5,241	-4,416	-3,301	-1,578	-3,866	-2,528	-2,836	-2,261
Cashflow From Financing	36.3%	27,106	19,891	-8,920	77,674	37,148	-162	-6,335	441	8.00	-57,557	-37,497	-84,473	39,245	292	-3,097	4,390	-421	-21,489	-171	13,930	-193
Dividend Payments	-100.0%	-	2,673	2,674	2,644	3,951	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

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GSAT Income Statement

2024-03-31

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenue:
Total revenue	$ 56,480	$ 58,644
Operating expenses:
Marketing, general and administrative	10,646	9,631
Stock-based compensation	9,227	3,760
Reduction in the value of long-lived assets	305	0
Depreciation, amortization and accretion	22,097	21,933
Total operating expenses	61,192	51,453
(Loss) income from operations	(4,712)	7,191
Other (expense) income:
Loss on extinguishment of debt	0	(10,403)
Interest income and expense, net of amounts capitalized	(3,785)	(2,032)
Foreign currency (loss) gain	(3,842)	1,907
Other	(849)	(99)
Total other expense	(8,476)	(10,627)
Loss before income taxes	(13,188)	(3,436)
Income tax expense	8	44
Net loss	(13,196)	(3,480)
Other comprehensive loss:
Foreign currency translation adjustments	2,393	(1,429)
Comprehensive loss	(10,803)	(4,909)
Net loss attributable to common shareholders (Note 7:)	$ (15,840)	$ (6,095)
Net loss per common share:
Basic (in dollars per share)	$ (0.01)	$ (0.00)
Diluted (in dollars per share)	$ (0.01)	$ (0.00)
Weighted-average shares outstanding:
Basic (in shares)	1,882,605	1,811,831
Diluted (in shares)	1,882,605	1,811,831
Service revenue
Revenue:
Total revenue	$ 53,465	$ 52,954
Operating expenses:
Cost of goods and services	16,759	11,820
Subscriber equipment sales
Revenue:
Total revenue	3,015	5,690
Operating expenses:
Cost of goods and services	$ 2,158	$ 4,309

GSAT Balance Sheet

2024-03-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 59,282	$ 56,744
Accounts receivable, net of allowance for credit losses of $1,585 and $2,312, respectively	42,830	48,743
Inventory	14,407	14,582
Prepaid expenses and other current assets	19,458	22,584
Total current assets	135,977	142,653
Property and equipment, net	625,515	624,002
Operating lease right of use assets, net	33,573	34,164
Prepaid satellite costs and customer receivable	12,482	12,443
Intangible and other assets, net of accumulated amortization of $12,798 and $12,385, respectively	109,459	111,047
Total assets	917,006	924,309
Current liabilities:
Current portion of long-term debt	34,600	34,600
Accounts payable and accrued expenses	28,268	28,985
Accrued satellite construction costs	18,796	58,187
Payables to affiliates	261	459
Deferred revenue, net	53,757	53,677
Total current liabilities	135,682	175,908
Long-term debt	364,123	325,700
Operating lease liabilities	28,497	29,244
Deferred revenue, net	1,543	3,213
Other non-current liabilities	10,107	11,265
Total non-current liabilities	404,270	369,422
Commitments and contingencies (Note 5)
Stockholders’ equity:
Preferred stock	0	0
Additional paid-in capital	2,447,581	2,438,703
Accumulated other comprehensive income	7,463	5,070
Retained deficit	(2,078,178)	(2,064,982)
Total stockholders’ equity	377,054	378,979
Total liabilities and stockholders’ equity	917,006	924,309
Series A Perpetual Preferred Stock
Stockholders’ equity:
Preferred stock	0	0
Voting Common Stock
Stockholders’ equity:
Common stock	$ 188	$ 188

About Globalstar Inc

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. It also provides one-way or two-way communications and data transmissions using mobile devices, including the SPOT family of products, such as SPOT X, SPOT Gen4, and SPOT Trace that transmit messages and the location of the device; commercial Internet of Things transmission products to track cargo containers and rail cars, as well as to monitor utility meters, and oil and gas assets; small satellite transmitter modules, such as the STX-3, ST-150 and ST100, and chips that enable an integrator's products to access company's network; and engineering and other communication services using MSS and terrestrial spectrum licenses, as well as undertakes installation of gateways and antennas. The company distributes its products through retailers, sales force, and e-commerce website. Globalstar, Inc. serves recreation and personal, government, public safety and disaster relief, oil and gas, maritime and fishing, construction, utilities, and transportation, as well as natural resources, mining, and forestry markets. The company was founded in 1993 and is headquartered in Covington, Louisiana.

CEO	Dr. Paul E. Jacobs Ph.D.
WEBSITE	globalstar.com
INDUSTRY	Telecom Services
EMPLOYEES	332

Globalstar Inc Frequently Asked Questions

What is the ticker symbol for Globalstar Inc? What does GSAT stand for in stocks?

GSAT is the stock ticker symbol of Globalstar Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Globalstar Inc (GSAT)?

As of Fri May 10 2024, market cap of Globalstar Inc is 2.32 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of GSAT stock?

You can check GSAT's fair value in chart for subscribers.

What is the fair value of GSAT stock?

You can check GSAT's fair value in chart for subscribers. The fair value of Globalstar Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Globalstar Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for GSAT so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Globalstar Inc a good stock to buy?

The fair value guage provides a quick view whether GSAT is over valued or under valued. Whether Globalstar Inc is cheap or expensive depends on the assumptions which impact Globalstar Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for GSAT.

What is Globalstar Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 10 2024, GSAT's PE ratio (Price to Earnings) is -67.25 and Price to Sales (PS) ratio is 10.45. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. GSAT PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Globalstar Inc's stock?

In the past 10 years, Globalstar Inc has provided -0.092 (multiply by 100 for percentage) rate of return.