Thursday, May 13, 2021

Is Globalstar, Inc (GSAT) on the Verge of Skyrocketing?

Globalstar, Inc (GSAT) enjoyed a 3.91% upswing in its share price, sitting at USD$1.33 a share as of the market closing on April 9th, 2021. Compared to its 52-week high of USD$2.98 per share in February, it has seen a significant fall since. However, it is still up in 2021 from a largely stagnant few years.


5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!

Sponsored



Major Developments

The spike in February followed the announcement that the telecommunications giant Qualcomm would be incorporating Globalstar’s Band n53 in its primary 5G modem, the new Snapdragon X65. With the world hurtling towards 5G connectivity, this was a highly promising development. With this collaboration, more devices will be able to connect to GSAT’s 5G network.

Effects of Developments


A Backdoor Way To Profit From Today’s Crypto Bull Market

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .

Sponsored


In an effort to further capitalize on the monetization of its 5G network, GSAT and XCOM Labs entered a strategic partnership with the aim to drastically improve GSAT’s 5G network’s capacity. Despite these developments setting the stage for the propulsion of their business, GSAT has seen a pullback that spanned February and March of 2021. Investors are hopeful that April uptrends will be sustained and usher in hitherto unseen opportunities for Globalstar.

A Competitive Edge?

With the world on the verge of 5G connectivity, many competitors’ satellite constellations are being launched. GSAT’s LEO system offers wide-scale, low-cost connectivity beyond the scope of terrestrial wireless connections. Other competing networks generally suffer in regard to the mobility of hand-held devices because of the use of higher frequency spectrum bands.

Poised to Succeed?

What further sets GSAT apart from its competitors is that it is already available, while others are still getting set up. GSAT is also already adding to its consumer and industrial users and subscribers that will expand the reach of Globalstar’s low band, power and price connectivity.

What Next?

Faith in the company is highly commensurate with faith in the 5G telecommunications sector as a whole. GSAT is working on reducing the risk reflected in its balance sheet in the hopes of elucidating developments and where the company is headed for its current and potential investors. They seem confident that they are appropriately situated to see 2021 prove to be a game-changing year that will cement the company’s profitability over the course of its future.

Latest news

What is behind the fall of Torchlight Energy Resources Inc. (NASDAQ: TRCH) stock?

Torchlight Energy Resources, Inc. (NASDAQ: TRCH), a growth oil and gas exploration company specializing in the acquisition and development of highly profitable domestic oil...

Eros STX Global Corporation (ESGC) stock is declining: Here is the reason why?

Eros STX Global Corporation (NYSE ESGC) a global multinational media company that acquires, produces, and distributes films, television shows, and digital content issued its...

Yum China Holdings Inc. (YUMC): The Most Important Numbers You Should Know

Yum China Holdings Inc. (YUMC), which operates Taco Bell Restaurants, KFC Restaurants, and Pizza Hut Restaurants in China, has published its first-quarter report for...

Why shares of Akerna Corp. (KERN) stock are up today?

Akerna (KERN), a cannabis technology company focusing to connect data points in the global cannabis supply chain and developer of the cannabis industry's first...

Related news

What is behind the fall of Torchlight Energy Resources Inc. (NASDAQ: TRCH) stock?

Torchlight Energy Resources, Inc. (NASDAQ: TRCH), a growth oil and gas exploration company specializing in the acquisition and development of highly profitable domestic oil...

Eros STX Global Corporation (ESGC) stock is declining: Here is the reason why?

Eros STX Global Corporation (NYSE ESGC) a global multinational media company that acquires, produces, and distributes films, television shows, and digital content issued its...

Yum China Holdings Inc. (YUMC): The Most Important Numbers You Should Know

Yum China Holdings Inc. (YUMC), which operates Taco Bell Restaurants, KFC Restaurants, and Pizza Hut Restaurants in China, has published its first-quarter report for...

Why shares of Akerna Corp. (KERN) stock are up today?

Akerna (KERN), a cannabis technology company focusing to connect data points in the global cannabis supply chain and developer of the cannabis industry's first...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.