Saturday, October 31, 2026

Less Than Two Hours Before The Market Open, Globalstar Is Up By 21%

ViaNews Editorial Team

August 29, 2023

Less Than Two Hours Before The Market Open, Globalstar Is Up By 21%

(VIANEWS) - The NYSE opens in less than two hours and Globalstar's pre-market value is already 21.69% up.

The last session, NYSE ended with Globalstar (GSAT) jumping 0.95% to $1.06. NYSE jumped 0.71% to $15,879.59, after two successive sessions in a row of gains, on what was a somewhat bullish trend trading session.

About Globalstar

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. It also provides one-way or two-way communications and data transmissions using mobile devices, including the SPOT family of products, such as SPOT X, SPOT Gen4, and SPOT Trace that transmit messages and the location of the device; commercial Internet of Things transmission products to track cargo containers and rail cars, as well as to monitor utility meters, and oil and gas assets; small satellite transmitter modules, such as the STX-3, ST-150 and ST100, and chips that enable an integrator's products to access company's network; and engineering and other communication services using MSS and terrestrial spectrum licenses, as well as undertakes installation of gateways and antennas. The company distributes its products through retailers, sales force, and e-commerce website. Globalstar, Inc. 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. 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 $-0.11.

More news about Globalstar (GSAT).

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.

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