(VIANEWS) – Shares of Globalstar (NYSE: GSAT) jumped by a staggering 11.47% to $1.16 at 15:52 EST on Friday, after four consecutive sessions in a row of losses. NYSE is dropping 1.74% to $14,572.30, following the last session’s upward trend. This seems, so far, an all-around bearish trend trading session today.
Globalstar, Inc. provides mobile satellite services worldwide. The company offers duplex two-way voice and data products, including mobile voice and data satellite communications services and equipment for remote business continuity, recreational usage, safety, emergency preparedness and response, and other applications; fixed voice and data satellite communications services and equipment at industrial, commercial, and residential sites, as well as rural villages and ships; and data modem services and equipment. It also provides SPOT consumer retail products, such as SPOT satellite GPS messenger for personal tracking, emergency location, and messaging solutions; and SPOT Trace, an anti-theft and asset tracking device. In addition, the company offers commercial Internet of Things one-way transmission products to track cargo containers and rail cars, as well as to monitor utility meters, and oil and gas assets. Further, it sells wholesale minutes to independent gateway operators (IGOs); and provides engineering services, such as hardware and software designs to develop specific applications; and installation of gateways and antennas. The company distributes its products directly, as well as through independent agents, dealers and resellers, retailers, IGOs, and sales force and e-commerce Website. As of December 31, 2020, it had approximately 745,000 subscribers. The company primarily serves recreation and personal, government, public safety and disaster relief, oil and gas, maritime and fishing, construction, utilities, and transportation, as well as natural resources, mining, and forestry markets. Globalstar, Inc. has a strategic alliance with XCOM Labs to jointly commercialize XCOM's capacity-multiplying technology with Globalstar's Band n53 for 5G deployments in the United States and other countries where Globalstar has terrestrial rights. The company was founded in 1993 and is headquartered in Covington, Louisiana.
Earnings Per Share
As for profitability, Globalstar has a trailing twelve months EPS of $-0.07.
Today’s last reported volume for Globalstar is 5596547 which is 50.73% above its average volume of 3712900.
Stock Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Globalstar’s stock is considered to be overbought (>=80).
Globalstar’s sales growth is negative 13.3% for the current quarter and negative 13.7% for the next.
Globalstar’s last week, last month’s, and last quarter’s current intraday variation average was a negative 3.47%, a negative 1.30%, and a positive 3.84%.
Globalstar’s highest amplitude of average volatility was 4.65% (last week), 4.31% (last month), and 3.84% (last quarter).
More news about Globalstar (GSAT).