B. Riley Estimates Globalstar’s FY2026 Earnings (NYSE:GSAT)

Globalstar, Inc. (NYSE:GSAT) – Equities research analysts at B. Riley issued their FY2026 earnings estimates for shares of Globalstar in a report issued on Wednesday, December 18th. B. Riley analyst M. Crawford forecasts that the company will post earnings of $0.01 per share 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 upgraded Globalstar from a “sell” rating to a “hold” rating in a research note on Monday, November 11th.

Globalstar Stock Up 3.7 %

GSAT opened at $1.95 on Thursday. The company has a current ratio of 1.09, a quick ratio of 0.99 and a debt-to-equity ratio of 0.91. The stock’s 50-day simple moving average is $1.95. The firm has a market capitalization of $3.69 billion, a price-to-earnings ratio of -65.00 and a beta of 1.10. Globalstar has a fifty-two week low of $1.00 and a fifty-two week high of $2.74.

Insider Activity at Globalstar

In other news, Director James Monroe III bought 500,000 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were acquired at an average cost of $2.00 per share, with a total value of $1,000,000.00. Following the completion of the transaction, the director now directly owns 8,834,090 shares in the company, valued at approximately $17,668,180. The trade was a 6.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Timothy Evan Taylor sold 3,500,000 shares of Globalstar stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $2.22, for a total transaction of $7,770,000.00. Following the transaction, the vice president now owns 6,383,649 shares in the company, valued at approximately $14,171,700.78. The trade was a 35.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 1,530,000 shares of company stock worth $2,987,000 and have sold 3,666,312 shares worth $8,104,313. Company insiders own 61.00% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd acquired a new stake in Globalstar during the third quarter valued at $56,000. BNP Paribas Financial Markets lifted its stake 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 valued at $407,000 after purchasing an additional 68,599 shares during the last quarter. Sender Co & Partners Inc. acquired a new position in shares of Globalstar during the 3rd quarter valued at about $106,000. Point72 Asia Singapore Pte. Ltd. grew its holdings in Globalstar by 1,000.5% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 129,644 shares of the company’s stock valued at $161,000 after purchasing an additional 117,864 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in 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 buying an additional 196,644 shares during the last quarter. 18.89% of the stock is owned by institutional investors and hedge funds.

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.