Globalstar Inc. (GSAT) Soars 2.58% on August 06

Equities Staff  |

Globalstar Inc. (GSAT) had a good day on the market for Thursday August 06 as shares jumped 2.58% to close at $0.39. About 6.68 million shares traded hands on 8,921 trades for the day, compared with an average daily volume of n/a shares out of a total float of 1.67 billion. After opening the trading day at $0.38, shares of Globalstar Inc. stayed within a range of $0.40 to $0.37.

With today's gains, Globalstar Inc. now has a market cap of $655.78 million. Shares of Globalstar Inc. have been trading within a range of $0.61 and $0.24 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.

Globalstar Inc is a telecommunications company that derives revenue from the provision of mobile satellite services. Mobile satellite services are typically used by customers where existing terrestrial wireline and wireless communications networks are impaired or do not exist. The company provides communications services such as two-way voice and data transmission. In addition, one-way data transmission is also offered. Both services are offered using mobile or fixed devices. The company is an owner of satellite assets. The company generates the vast majority of its revenue within the United States.

Globalstar Inc. is based out of Covington, LA and has some 336 employees. Its CEO is David B. Kagan.

For a complete fundamental analysis of Globalstar Inc., check out’s Stock Valuation Analysis report for GSAT.

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Globalstar Inc. is also a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

To get more information on Globalstar Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: GSAT’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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