New insider activity at Globalstar ( (GSAT) ) has taken place on March 21, 2025.
Director James Monroe has made a significant investment in Globalstar by purchasing 25,000 shares of the company’s stock. This transaction is valued at $545,750, showcasing Monroe’s confidence in the company’s future prospects.
Recent Updates on GSAT stock
In the past 24 hours, Globalstar (GSAT) has seen significant developments impacting its stock. The company disclosed that its director, James Montoe, purchased 25,000 shares, which contributed to a 2.3% increase in after-hours trading. Additionally, Globalstar announced the opening of a new Satellite Operations Control Center in Covington, Louisiana, marking a strategic expansion of its operational capabilities. The company also reported strong Q4 2024 earnings, with a 17% increase in total revenue and a 21% rise in adjusted EBITDA, reflecting robust market positioning and strategic execution. However, Craig-Hallum lowered Globalstar’s price target, citing concerns over increased operating expenses and short-term EBITDA margin compression due to strategic investments. Despite these challenges, Globalstar’s strategic initiatives, including a partnership with GCT Semiconductor for satellite messaging systems and a successful uplisting to NASDAQ, highlight its potential for future growth and market expansion.
More about Globalstar
YTD Price Performance: -30.11%
Average Trading Volume: 950,207
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $2.63B
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