Media stories about Globalstar (NASDAQ:GSAT) have trended somewhat positive this week, according to Accern. The research group identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Globalstar earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave news stories about the company an impact score of 46.5607710672913 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the media headlines that may have effected Accern Sentiment’s scoring:

Globalstar (NASDAQ GSAT) traded up 1.53% during midday trading on Friday, hitting $1.99. 1,071,025 shares of the stock were exchanged. The company’s market cap is $2.31 billion. The firm’s 50 day moving average price is $2.05 and its 200 day moving average price is $1.83. Globalstar has a 12 month low of $0.73 and a 12 month high of $2.59.

Globalstar (NASDAQ:GSAT) last posted its quarterly earnings data on Thursday, August 3rd. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.02) by $0.07. The firm had revenue of $28.13 million for the quarter, compared to the consensus estimate of $25.66 million. Globalstar had a negative return on equity of 50.98% and a negative net margin of 81.78%. The company’s revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.01 EPS. On average, equities research analysts forecast that Globalstar will post ($0.14) earnings per share for the current fiscal year.

In related news, CEO James Monroe III purchased 17,837,838 shares of the business’s stock in a transaction on Friday, June 30th. The shares were acquired at an average price of $1.85 per share, for a total transaction of $33,000,000.30. The transaction was disclosed in a filing with the SEC, which is available at this link.

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Globalstar Company Profile

Globalstar, Inc (Globalstar) provides mobile satellite services (MSS), including voice and data communications services globally through satellite. The Company provides wireless communications services in areas not served or underserved by terrestrial wireless and wireline networks and in circumstances where terrestrial networks are not operational due to natural or man-made disasters.

Insider Buying and Selling by Quarter for Globalstar (NASDAQ:GSAT)

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