Globalstar Inc (NASDAQ:GSAT) shares, rose in value on Friday, June 20, with the stock price down by -1.51% to the previous day’s close as strong demand from buyers drove the stock to $23.48.
Actively observing the price movement in the last trading, the stock closed the session at $23.84, falling within a range of $23.45 and $24.56. The value of beta (5-year monthly) was 0.856. Referring to stock’s 52-week performance, its high was $41.10, and the low was $15.00. On the whole, GSAT has fluctuated by 22.48% over the past month.
With the market capitalization of Globalstar Inc currently standing at about $2.97 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-May-08.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that GSAT’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the price of GSAT currently trading nearly 14.04% and 18.46% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 71.86, while the 7-day volatility ratio is showing 3.44% which for the 30-day chart, stands at 2.43%. Furthermore, Globalstar Inc (GSAT)’s beta value is 0.85, and its average true range (ATR) is 0.95.
A comparison of Globalstar Inc (GSAT) with its peers suggests the former has fared considerably weaker in the market. GSAT showed an intraday change of -1.51% in last session, and over the past year, it grew by 51.97%%.
Data on historical trading for Globalstar Inc (NASDAQ:GSAT) indicates that the trading volumes over the past 10 days have averaged 0.63 and over the past 3 months, they’ve averaged 613.20K. According to company’s latest data on outstanding shares, there are 126.58 million shares outstanding.
Nearly 60.67% of Globalstar Inc’s shares belong to company insiders and institutional investors own 20.90% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.17 million shares as on 2025-05-30, resulting in a short ratio of 3.46. According to the data, the short interest in Globalstar Inc (GSAT) stood at 437.00 of shares outstanding as of 2025-05-30; the number of short shares registered in 2025-04-30 reached 2.21 million. The stock has fallen by -24.38% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GSAT stock heading into the next quarter.
