New insider activity at Globalstar ( (GSAT) ) has taken place on May 20, 2025.
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Director James Monroe has made a significant investment in Globalstar by purchasing 50,000 shares of the company’s stock. This transaction is valued at $933,500, highlighting Monroe’s confidence in the company’s potential.
Recent Updates on GSAT stock
In the last 24 hours, Globalstar Inc. has reported its Q1 earnings, showcasing a 6% increase in revenue to $60 million, driven by wholesale capacity services. The company launched a two-way satellite IoT solution and opened a new Satellite Operations Control Center, marking significant advancements in its technological capabilities. Despite these positive developments, Globalstar faced challenges with increased costs impacting EBITDA and a prolonged sales cycle with a major customer, which delayed revenue generation. The company remains optimistic about its long-term growth, supported by strategic leadership appointments and a major partnership with MDA Space for satellite construction. Globalstar reiterated its financial guidance for 2025, projecting revenue between $260 million and $285 million, with an adjusted EBITDA margin of approximately 50%.
Spark’s Take on GSAT Stock
According to Spark, TipRanks’ AI Analyst, GSAT is a Neutral.
Globalstar’s stock score is moderately low due to ongoing financial struggles, including high leverage and negative earnings, despite positive developments in revenue growth and strategic initiatives. Technical analysis also indicates a bearish trend, while valuation metrics highlight profitability issues.
To see Spark’s full report on GSAT stock, click here.
More about Globalstar
YTD Price Performance: -40.90%
Average Trading Volume: 686,117
Technical Sentiment Signal: Sell
Current Market Cap: $2.32B