Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Globalstar Inc shares valued at $933,890 were purchased by Monroe James III on May 16 ’25. At $18.68 per share, Monroe James III acquired 50,000 shares. The insider’s holdings grew to 58,833,076 shares worth approximately $1.61 billion following the completion of this transaction.
Also, Monroe James III purchased 25,000 shares, netting a total of over 469,325 in proceeds. Following the buying of shares at $18.77 each, the insider now holds 58,783,076 shares.
Before that, Monroe James III had added 50,000 shares to its account. In a trade valued at $928,035, the Director bought Globalstar Inc shares for $18.56 each. Upon closing the transaction, the insider’s holdings increased to 50,000 shares, worth approximately $1.6 billion.
As published in their initiating research note from Imperial Capital on August 04, 2023, Globalstar Inc [GSAT] has been an Outperform and the price target has been revised to $7.79. Analysts at Morgan Stanley upgraded the stock from ‘”an Underweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in early May. As of October 31, 2022, Craig Hallum has initiated its “Buy” rating for GSAT. Earlier on June 21, 2021, B. Riley Securities initiated its rating. Their recommendation was “a Buy” for GSAT stock.
Analyzing GSAT Stock Performance
On last trading session,, Globalstar Inc [NASDAQ: GSAT] rose 1.04% to $27.31. The stock’s lowest price that day was $26.53, but it reached a high of $27.47 in the same session. During the last five days, there has been a surge of approximately 14.80%. Over the course of the year, Globalstar Inc shares have jumped approximately 38.98%. Shares of the company reached a 52-week high of $35.10 on 01/06/25 and a 52-week low of $17.24 on 05/09/25.
Support And Resistance Levels for Globalstar Inc (GSAT)
According to the 24-hour chart, there is a support level at 26.74, which, if violated, would cause prices to drop to 26.16. In the upper region, resistance lies at 27.68. The next price resistance is at 28.04. RSI (Relative Strength Index) is 81.41 on the 14-day chart, showing overbought technical sentiment.
Is Globalstar Inc subject to short interest?
Stocks of Globalstar Inc saw a sharp rise in short interest on 2025-06-13 jumping by 23110.0 shares to 2.32 million. Data from Yahoo Finance shows that the short interest on 2025-05-15 was 2.3 million shares. A jump of 0.99% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.8 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.8.
Which companies own the most shares of Globalstar Inc (GSAT)?
#####
In terms of Globalstar Inc share price expectations, FactSet research, analysts set an average price target of 45 in the next 12 months, up nearly 66.48% from the previous closing price of $27.03. Analysts anticipate Globalstar Inc stock to reach 45 by 2025, with the lowest price target being 45. In spite of this, 2 analysts ranked Globalstar Inc stock as Buy at the end of 2025.
