Globalstar (NASDAQ:GSAT) Hits New 1-Year High – Should You Buy?

Posted by Brian Himes on May 29th, 2026

Globalstar, Inc. (NASDAQ:GSAT – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $84.22 and last traded at $83.59, with a volume of 1495448 shares. The stock had previously closed at $83.00.

Analysts Set New Price Targets

GSAT has been the subject of a number of research reports. Clear Str cut Globalstar from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Zacks Research downgraded Globalstar from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 12th. Craig Hallum reiterated a “buy” rating and set a $70.00 target price on shares of Globalstar in a report on Monday, March 2nd. Finally, Weiss Ratings upgraded Globalstar from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $69.00.

View Our Latest Research Report on Globalstar

Globalstar Stock Up 0.2%

The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.56 and a current ratio of 1.60. The firm has a fifty day simple moving average of $76.48 and a 200-day simple moving average of $66.89. The company has a market capitalization of $10.87 billion, a PE ratio of -562.87 and a beta of 1.56.

Globalstar (NASDAQ:GSAT – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.14). Globalstar had a negative return on equity of 3.75% and a negative net margin of 6.84%.The business had revenue of $70.06 million for the quarter. The company’s quarterly revenue was up 16.7% compared to the same quarter last year. Equities research analysts anticipate that Globalstar, Inc. will post -0.02 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Paul E. Jacobs sold 714 shares of Globalstar stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $59.56, for a total value of $42,525.84. Following the completion of the transaction, the chief executive officer owned 67,032 shares in the company, valued at approximately $3,992,425.92. This trade represents a 1.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Rebecca Clary sold 4,066 shares of Globalstar stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $81.24, for a total value of $330,321.84. Following the completion of the transaction, the chief financial officer owned 121,198 shares of the company’s stock, valued at approximately $9,846,125.52. The trade was a 3.25% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 12,257 shares of company stock worth $890,722 in the last three months. 60.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in shares of Globalstar in the 4th quarter worth approximately $26,000. Meeder Asset Management Inc. acquired a new position in shares of Globalstar in the 4th quarter worth approximately $27,000. US Bancorp DE grew its position in shares of Globalstar by 610.7% in the 3rd quarter. US Bancorp DE now owns 931 shares of the company’s stock worth $34,000 after acquiring an additional 800 shares in the last quarter. NewEdge Advisors LLC grew its position in shares of Globalstar by 85.1% in the 4th quarter. NewEdge Advisors LLC now owns 935 shares of the company’s stock worth $57,000 after acquiring an additional 430 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of Globalstar in the 4th quarter worth approximately $61,000. Institutional investors and hedge funds own 18.89% of the company’s stock.

About Globalstar

(Get Free Report)

Globalstar, Inc is a leading provider of mobile satellite voice and data communications services. Through a network of low Earth orbit (LEO) satellites, the company delivers reliable satellite connectivity to users in remote or underserved regions where terrestrial networks are unavailable or unreliable. Its product portfolio includes satellite phones, two-way satellite data modems and Internet of Things (IoT) devices designed for tracking, monitoring and emergency notification.

Founded in 1991 as a joint venture between Loral and Qualcomm, Globalstar launched its first fleet of 48 satellites between 1998 and 2000.