Globalstar (GSAT) Stock

We have just put together a list of the 10 Best Penny Stocks to Invest in for 2025. In this article, we will examine how Globalstar, Inc. (NYSE:GSAT) compares to other penny stocks. The US stock market has been performing well, largely due to a strong surge in the technology sector.

At the Investor Day 2024 event, Globalstar shared a roadmap for its future growth by capitalizing on its core assets and provided updated financial outlook.

COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT) (“Globalstar” or the “Company”), a next-generation telecommunications infrastructure and technology provider, held an investor day on Thursday, December 12, 2024. The Company's executive leadership team outlined Globalstar's strategic priorities and vision for the future by optimizing value for its core assets and providing updates to its short and long-term financial outlook. Additionally, the Company hosted several custom.

Globalstar's Band 53 Spectrum offers reliability, extensive coverage and flexibility, ideal for fixed wireless, IoT, autonomous vehicles and enterprise operations.

COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT), the next-generation mobile satellite and communications services provider, announced today a collaboration agreement with Hawk Networks. Hawk is transforming the way operators access wireless spectrum with a more efficient and flexible approach to utilizing Globalstar's versatile Band 53 spectrum. Globalstar's collaboration with Hawk Networks simplifies access to valuable licensed spectrum by bundling it with core network.

GSAT's first 5G call on Band n53 delivers unmatched speeds, setting new standards for secure, high-capacity connectivity in critical applications.

Globalstar's new deal with Apple is expected to increase its yearly revenue and enhance profit margins. I anticipate that the company will be listed on the Nasdaq in the first quarter of 2025, along with a reverse stock split, which should draw in more institutional investors. I believe there is significant potential in the IoT sector, which could utilize up to 15% of the new MSS network capacity for IoT uses in a fast-growing market.

Companies in the Zacks Satellite and Communication sector, such as Globalstar (GSAT), Iridium (IRDM), and Telesat (TSAT), are in a strong position to benefit from the growing availability and lower costs of space technology.

COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT) has announced its plan to move its common stock listing to the Nasdaq Global Select Market in the first quarter of 2025. As part of this transition, the Company’s Board of Directors has approved a reverse stock split of its common stock.