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Globalstar (GSAT)

(Delayed Data from AMEX)

$1.98 USD

1.98
50,094,733

+0.13 (7.03%)

Updated Nov 8, 2024 04:00 PM ET

After-Market: $1.94 -0.04 (-2.02%) 6:14 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.10%
2Buy17.80%
3Hold9.50%
4Sell2.70%
5Strong Sell2.70%
S&P50011.20%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

Zacks Style Scores Education - Learn more about the Zacks Style Scores

F Value C Growth C Momentum D VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

Top 37% (93 out of 251)

Industry: Satellite and Communication

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Balance Sheet

Research for GSAT

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

Learn more about Zacks Equity Research reports

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Fiscal Year End for Globalstar, Inc falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 57 32 14 17 8
Receivables 49 26 21 22 22
Notes Receivable 0 0 0 0 0
Inventories 15 9 14 14 16
Other Current Assets 23 14 20 16 17
Total Current Assets 143 81 69 68 63
Net Property & Equipment 624 560 672 716 800
Investments & Advances 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 0 0 0 0 0
Intangibles 111 38 41 38 36
Deposits & Other Assets 12 123 0 51 51
Total Assets 924 833 814 888 966
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 2 4 6 3 8
Current Portion Long-Term Debt 35 0 0 59 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 85 58 29 26 25
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 54 135 26 27 30
Total Current Liabilities 176 197 62 114 63
Mortgages 0 0 0 0 0
Deferred Taxes/Income 3 158 112 3 5
Convertible Debt 0 0 0 0 0
Long-Term Debt 326 132 238 327 464
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 11 4 8 7 11
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 545 519 449 465 558
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 0 0 0 0 0
Capital Surplus 2,439 2,346 2,147 2,097 1,970
Retained Earnings -2,065 -2,040 -1,783 -1,671 -1,559
Other Equity 5 9 2 -3 -3
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 379 315 365 423 407
Total Liabilities & Shareholder's Equity 924 833 814 888 966
Total Common Equity 379 315 365 423 407
Shares Outstanding 1,900.00 1,801.00 1,793.00 1,670.40 1,451.60
Book Value Per Share 0.20 0.17 0.20 0.25 0.28

Fiscal Year End for Globalstar, Inc falls in the month of December.

All items in Millions except Per Share data.

9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023
Assets          
Cash & Equivalents -99,999 64 59 57 64
Receivables NA 43 43 49 43
Notes Receivable NA 0 0 0 0
Inventories NA 13 14 15 12
Other Current Assets NA 23 19 23 24
Total Current Assets NA 144 136 143 144
Net Property & Equipment NA 621 626 624 613
Investments & Advances NA 0 0 0 0
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 0 0 0 0
Intangibles NA 127 109 111 106
Deposits & Other Assets NA 0 12 12 14
Total Assets NA 926 917 924 911
Liabilities & Shareholders Equity 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023
Notes Payable NA 0 0 0 0
Accounts Payable NA 26 28 2 4
Current Portion Long-Term Debt NA 35 35 35 32
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 20 19 85 91
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 58 54 54 58
Total Current Liabilities NA 138 136 176 185
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 0 2 3 2
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 359 364 326 307
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 10 11 4
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 543 540 545 527
Shareholders Equity 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 0 0 0 0
Capital Surplus NA 2,461 2,448 2,439 2,424
Retained Earnings NA -2,088 -2,078 -2,065 -2,050
Other Equity NA 9 7 5 9
Treasury Stock NA 0 0 0 0
Total Shareholder's Equity NA 383 377 379 383
Total Liabilities & Shareholder's Equity NA 926 917 924 911
Total Common Equity 0 383 377 379 383
Shares Outstanding 1,900.00 1,900.00 1,883.90 1,900.00 1,900.00
Book Value Per Share 0.00 0.20 0.20 0.20 0.20