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How to Buy Globalstar Stock

Globalstar Inc

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 satellite data modem services comprising asynchronous and packet data services.

Globalstar stock last closed at $1.20, up 0% from the previous day, and has increased 1.69% in one year. It has overperformed other stocks in the Telecom Services industry by 0.18 percentage points. Globalstar stock is currently +24.87% from its 52-week low of $0.96, and -43.66% from its 52-week high of $2.13.

At the moment, there are 1.9B GSAT shares outstanding. The market cap of GSAT is $2.28B. In the last 24 hours, 2.56M GSAT shares were traded.

How to Buy Globalstar Stock

Not sure how to invest in Globalstar stock? Here's how.
  1. Figure out where to buy Globalstar stock: You need to decide on a stock brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you determine where to buy Globalstar stock.
  2. Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
  3. Put funds into your brokerage account: Choose your payment method and add your info.
  4. Evaluate Globalstar stock: The Globalstar ticker symbol is GSAT. Is Globalstar stock a good investment? Should you buy shares of GSAT? How do GSAT's underlying business fundamentals look? Do top analysts think Globalstar is a good buy? Why has GSAT's stock price moved recently? (Hint: Our stock market analysis tools can help you decide if GSAT is a good stock to buy).
  5. Execute your GSAT trade: Decide if you will purchase GSAT shares at the current market price or use a limit order to purchase GSAT stock at a particular price.
  6. Get the latest news on your GSAT position: Create a watchlist to important updates regarding your investment in Globalstar stock.

Step 1: Figure out where to buy Globalstar stock

You will need an online brokerage account to access the NYSEMKT market and buy GSAT stock.

A brokerage account enables you to buy and sell a number of investments, such as stocks, bonds, mutual funds, and ETFs.

Our preferred brokerage: eToro

Based on our experience, eToro is the best place to buy stocks. eToro gives you:

  • You can invest in stocks with zero commissions: Invest without commissions.
  • Buy fractional shares: Even if you don't have the money to buy a full share, you can still purchase the stock.
  • Access to world financial markets: From Technology to Industrials, New York to London — you can fill your portfolio with stocks from the world's top stock exchanges.
  • Social investing: eToro boasts a community with more than 20 million users around the world. Talk to, learn from, and copy the crypto trades of other investors.
  • Security: eToro is a regulated and licensed brokerage platform.
  • Buy other assets: Such as ETFs and cryptos.

Get $10 towards your share purchase by signing up for an account with eToro today.

Open eToro Account
eToro securities trading is offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. https://www.wallstreetzen.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.

Step 2: Open your brokerage account

Now that you've chosen your brokerage, it's time to fill out some personal details so you can buy GSAT today.

How to Open a New Brokerage Account on eToro

  1. Click here to get started.
    eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
  2. Enter your personal details to open your new brokerage account.
  1. Send your data by clicking the "Create Account" button.
  2. Get started with eToro today
    eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Step 3: Put funds into your brokerage account

Now that you have finished signing up on the best stock market app, you can securely and quickly fund your account:

Watch the tutorial below for more details depositing funds into your brokerage account.

Get started with eToro today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Step 4: Evaluate Globalstar stock

Once you have decided on the best place to buy Globalstar stock, it's absolutely critical to analyze their stock prior to investing, so you actually understand the risk as well as the upside.

Globalstar Metrics

GSAT Price
$1.20
1w %
2.56%
1y %
1.69%
5y %
114.29%
P/E
-60x
P/B
6.05x
P/S
10.17x
PEG
N/A
Revenue
$221.64M
Earnings
-$45.07M
Fore. Rev. Growth
N/A
Fore. Earn. Growth
N/A
Market Cap
$2.28B
Next Earnings
May 29, 2024
Next Dividend
N/A

GSAT Due Diligence Checks

WallStreetZen was created to help everyday investors do more in-depth fundamental analysis in less time.

You can see all of the due diligence checks on GSAT's stock page.

How is GSAT stock valued?

Investors use a variety of different financial metrics, analyses, models, and charts to gauge GSAT's fair value.

Using relative valuations metrics:

  • GSAT may be overvalued based on its P/B ratio of 6.05x, relative to Telecom Services industry P/B ratio of 1.6x

You can access more valuation research on GSAT's stock here.

GSAT Financial Summary

Passed Financial Due Diligence Checks:

  • Total GSAT debt is lower than 5 years ago, relative to shareholder equity.
  • GSAT profit margin has gone up from -139.9% to -20.3% in the past year.
  • There are more short-term assets than short-term liabilities on the GSAT balance sheet.
  • GSAT has $59.28M in cash and short term investments. This is sufficient to cover its annual cash burn of $68.52M.

Failed Financial Due Diligence Checks:

  • GSAT has a relatively high debt to equity ratio of 1.43.
  • There are more long-term liabilities than short-term assets on the GSAT balance sheet.
  • GSAT has cash burn of 68517000. It does not have sufficient cash and short-term investments to cover this.

GSAT Technicals

SMA10
1.23
SMA20
1.26
SMA50
1.32
SMA100
1.5
SMA200
1.44
MACD
-0.03
MACD Signal
-0.03
MACD Histogram
0
RSI
39.36
Stochastic %K
42.06
Stochastic %D
45.53
StochRSI %K
60.51
StochRSI %D
66.43

GSAT Growth Numbers

Last year, GSAT revenue was $221.64M. During the past five year, GSAT's revenue has grown by 11.02% per year. This was faster than the Telecom Services industry average of 3.23%.

Find out more about GSAT's earnings and revenue performance here.

Are GSAT insiders buying or selling the stock?

Over the past 12 months, executives and large shareholders at GSAT have sold more shares than they have bought.

Keith O. Cowan, Director of GSAT, was the latest GSAT insider to buy. They bought $61,500.00 worth of GSAT shares on May 10, 2024.

Get more info about who owns GSAT stock here.

Can I rely on GSAT as an income stream?

No, Globalstar doesn't provide an income stream by paying out dividends.

What others are saying about GSAT

One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.

Click below to learn what other investors have to say.

Step 5: Execute your GSAT trade

You have two primary order types:

  • Market order: A market order is an order to buy or sell a stock at the best price on the market.
    Market orders are usually the easiest way to buy.
  • Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
    If you want to be certain you're buying or selling at an exact dollar amount limit, place a limit order.

Click the Open button and eToro will place the order.

If you require additional info about investing in stocks on eToro, click the how to video below:

Open eToro Account

Step 6: Get the latest news on your GSAT position

Now that you own some GSAT stock, you'll want to stay up-to-date on your company.

Create a watchlist to track the most important metrics related to your GSAT stock.

GSAT Feed

How to Buy Stock in Globalstar

To summarize, here are the 6 steps to buy stock in Globalstar:

  1. Figure out where to buy Globalstar stock
  2. Open your brokerage account
  3. Put funds into your brokerage account
  4. Evaluate Globalstar stock
  5. Execute your GSAT trade
  6. Get the latest news on your GSAT position

If you need a brokerage, eToro is our recommended option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to monitor your investment in Globalstar, hit the button below to create your watchlist.

NYSEMKT: GSAT
$1.20+0.00 (+0%)
Updated May 20, 2024
Open eToro Account
NYSEMKT: GSAT
$1.20+0.00 (+0%)
Updated May 20, 2024
Open eToro Account

FAQ

How much does it cost to buy one Globalstar share?

As of May 20, 2024, it costs $1.20 to buy one share of Globalstar stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $0.6, you can buy 0.5 shares of GSAT.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

What is the best way to buy Globalstar stock?

One way to place an order for Globalstar stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.