In a report released today, George Sutton from Craig-Hallum maintained a Buy rating on Globalstar (GSAT – Research Report). The company’s shares closed yesterday at $1.07.
Sutton covers the Technology sector, focusing on stocks such as Freightos Limited, Agilysys, and AudioEye. According to TipRanks, Sutton has an average return of 13.7% and a 51.61% success rate on recommended stocks.
Currently, the analyst consensus on Globalstar is a Moderate Buy with an average price target of $0.97.
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The company has a one-year high of $2.98 and a one-year low of $0.85. Currently, Globalstar has an average volume of 3.82M.
Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GSAT in relation to earlier this year. Last month, Taylor Timothy Evan, the VP, Finance & Operations of GSAT bought 18,750.00 shares for a total of $11,812.50.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Globalstar, Inc. provides mobile satellite services, voice and data communications services through satellite worldwide. It offers communications services via satellite which includes: two-way voice communication and data transmissions using mobile or fixed devices; and one-way data transmissions using a mobile or fixed device that transmits its location and other information to a central monitoring station. The company provides engineering services, such as hardware and software designs to develop specific applications; and installation of gateways and antennas. It serves to government; public safety and disaster relief; recreation and personal; telecommunications; oil and gas; maritime and fishing; natural resources; construction; utilities; and transportation markets. Globalstar was founded in November 2003 and is headquartered in Covington, LA.
