Globalstar, Inc. (NYSEMKT:GSAT) registered a -5.95% decrease, still its new closing price is 150.79% up from the company’s 1 year high of 3.00.It posted 6.76% gains in previous 5 sessions and is now the subject of 1 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 0 buy or better ratings. The 1 stock analysts following this company have an average price target at $6.00, with individual PT in the $6.00-$6.00 range. The shares moved at $1.58, implying that brokerage firms see shares gaining about 30.58% in twelve months time.

Globalstar, Inc. (GSAT) SEC Form 4 News

The stock is getting much attention these days as insiders are adding shares while they posted a 0.00% rise year to date. A President & COO at Globalstar, Inc. (GSAT) acquired shares in a transaction closed on Tuesday May 17, 2016. Kagan David B. bought 37,000 shares in the company at $2.75 each and collected $101,001 in proceeds. Kagan David B. now owns 67,000 shares in the company after this transaction. A General Counsel in the company, Ponder L Barbee IV, disclosed a transaction on Tuesday December 15, 2015 that ended up generating $2,000 from the sale of 1,300 shares at $1.67 per share.

Globalstar, Inc. (NYSEMKT:GSAT) Upcoming Results on Tap

Globalstar, Inc. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $-0.02 in that period. Sales during the quarter are predicted to arrive at $23.87 million.

Earnings surprise history: Last quarter, the company posted approximately $25.54 million in revenue and EPS of $0.00. The mean forecast was for $24.98 million and $-0.02 a share, respectively. One quarter earlier, revenue for the stock was at $25.09 million, with earnings at $0.01/share.

Globalstar, Inc. (GSAT) Brokerage Update 

Globalstar, Inc. (GSAT) is in Chardan Capital Markets’s research list so their analyst rating change is noteworthy. These shares were downgraded to Neutral from Buy by Chardan Capital Markets, according to news reported on Monday June 13, 2016.Another important research note was issued by Jefferies & Co on Wednesday February 07, 2007.The firm downgraded GSAT to Hold from Buy. Over the last six months and over the last three months, the shares of Globalstar, Inc. (GSAT), have changed 35.04% and 64.58%, respectively.