Reading GSAT? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track GSAT free→Reading GSAT? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track GSAT free→NASDAQCommunication ServicesTelecom ServicesSnapshot 2026-06-15
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
Recent financial performance is strong, but the company was unprofitable over the past year, so its earnings quality can't be assessed. Management's recent track record has been steady, although it has a capital-unfriendly stance. The sector backdrop is a headwind, and compared with sector peers, GSAT is below typical. Peer multiples imply a price about 327% below where it trades (it looks expensive on this basis); the read is rich. This assessment is provisional.
Daily closes. Earnings/event dots are placed inline.
A consensus fair price across 1 valuation methods, at three horizons. Current price $81.77. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
No-growth: today's peer multiple on trailing earnings. The headline read.
Embeds projected growth. Leans optimistic by design. Upside context.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $82, GSAT's earnings are too small for P/E to mean much; on sales it trades at 39× p/s (28.4× the 1× p/s peer median). At a normal multiple the price implies ~327% near-term growth vs our ~16% forecast. That gap is an optionality premium a financial-multiple model can't price — our $19 fair value covers only the as-is business, low confidence. Not investment advice.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
The market is pricing in roughly 327% near-term growth, well above our forecast of about 16%. This describes what's priced in, not a forecast of the move.
TTM earnings are negative, so the read leans on sales- and cash-flow-based methods rather than P/E. This is a data condition, not a forward call.
Only expensive valuation — not the full expensive x weak x turbulent stack. Regime (Crisis) does not concentrate fragility.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Communication Services names rated strong grew net income 63% of the time over the next year (vs 52% for the rest of the cohort, n=701).
Over the trailing year it converted -69.22x of net income into operating cash flow.
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, Fed net liquidity, long-term interest rates, real (inflation-adjusted) rates.
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
EPS estimate $0.00 → $-0.09 (-2407.7% / 30d). 1 raised, 0 cut, 1 covering analysts.
0 upgrades, 0 downgrades / 30d. 67% of analysts rate Buy.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
On a typical day, $10k can swing ±$82.
How much price usually moves either way.
On a bad day, this stock has moved -$671.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $2,653.
Deepest peak-to-trough drop in the last year.
Past results, not a forecast. Not investment advice.
The most important moves since the prior daily snapshot.
No material changes since the prior snapshot.
as of 2026-06-15
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Why it matters: The sector's revenue growth is a key indicator of overall health. Positive growth may signal a recovery.
Confirms:Sector revenue growth turns positive after being negative.
Disproves:Sector revenue growth is still negative for another quarter.
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for GSAT yet.
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
Results of Operations and Financial Condition. On May 7, 2026, Globalstar, Inc. (the "Company") issued a press release announcing the Company's financial and operating results for the three months ended March 31, 2026. A copy of the press release is furnished hereto as Exhibit 99.1. The information in this Current Report on Form 8-K, including Exhibit 99.1, is furnished pursuant to the rules and regulations of the Securities and Exchange Commission and shall not be deemed “filed” for purposes…
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Long-thesis check; widest uncertainty.
TTM earnings are negative. P/E-based methods drop out and the estimate leans on sales- and cash-flow-based methods. A data condition, not a forward call.
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
Looks more expensive than peers.
Self-history needs ~20 months of data.
Trailing four: 2025-Q1, 2025-Q2, 2025-Q3, 2026-Q1
A side-by-side read on sector standing, valuation, and risk versus Integrated Telecommunication Services.
| Stock | Sector standing | Valuation | Risk |
|---|---|---|---|
GSAT Globalstar, Inc. | Below typical Show detailsSector percentile: 23 of 100 | expensive | moderate |
VZ Verizon | Above typical Show detailsSector percentile: 87 of 100 | fair | moderate |
T AT&T | Above typical Show detailsSector percentile: 73 of 100 | inexpensive | moderate |
AMX AMERICA MOVIL SAB DE CV | — | — | moderate |
LBRDA Liberty Broadband Corp | Below typical Show detailsSector percentile: 21 of 100 | expensive | elevated |
3 material management or governance events in the past 24 months, led by legal/regulatory items. Historically, Communication Services names rated stable grew net income 66% of the time over the next year (vs 56% for the rest of the cohort, n=208).
Not investment advice. As of 2026-06-15.
via XLC
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive. Historically, headwind regimes have averaged stronger forward returns than tailwind.
Context label only: describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-06-15.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Globalstar aims to maintain an adjusted EBITDA margin of approximately 50% for the fiscal year.
Stated in 3 of last 3 quarters. Globalstar has consistently guided for an adjusted EBITDA margin of approximately 50%. However, the financials do not provide specific EBITDA figures to verify progress, indicating limited visibility into delivery.
“Guidance: 'Adjusted EBITDA margin of approximately 50%' for 2026.”
“Adjusted EBITDA margin expected to be approximately 50%.”
“Adjusted EBITDA margin expected to be approximately 50%.”
Globalstar has set a revenue target range of $280 million to $305 million for the fiscal year 2026.
Newly stated in 2026-Q1. Globalstar's revenue for 2026-Q1 was $70.064M, which is on track to meet the lower end of the annual guidance range of $280M to $305M. The trajectory suggests potential to meet the guidance if maintained.
Globalstar has entered into a merger agreement with Amazon to enhance strategic positioning.
Newly stated in 2026-Q1. The merger agreement with Amazon represents a strategic shift for Globalstar. However, the financial impact of this agreement is not yet reflected in the current financials, indicating early stages of execution.
“Globalstar entered into a Merger Agreement with Amazon on April 13, 2026.”
Why it matters: The earnings report will show if the company can improve its financial losses. Investors will focus on revenue and profit trends.
Confirms one read:Earnings report shows revenue growth turning positive year over year.
Confirms the other:Earnings report shows continued revenue decline year over year.
Entry into a Material Definitive Agreement. Agreement and Plan of Merger On April 13 , 2026, Globalstar, Inc. (“ Globalstar ” or the “ Company ”) entered into an Agreement and Plan of Merger (the “ Merger Agreement ”) with Amazon.com, Inc., a Delaware corporation (“ Amazon ” or “ Parent ”), Grapefruit Acquisition Sub I, Inc., a Delaware corporation and a direct wholly owned subsidiary of Parent (“ Acquisition Sub I ”), and Grapefruit Acquisition Sub II, LLC, a Delaware limited liability compa…
with respect to the 2024 Prepayment Agreement in the Current Report on Form 8-K filed with the SEC on November 1, 2024 (File No. 001-33117), as modified by the information set forth in
Regulation FD Disclosure. On April 14, 2026, the Company and Parent issued a joint press release announcing the execution of the Merger Agreement. A copy of the joint press release is attached as Exhibit 99.1 to this Current Report and is incorporated herein by reference. In connection with the announcement of the Merger Agreement, the Company intends to provide supplemental information regarding the transaction in connection with presentations to analysts and investors. A copy of the investo…
Results of Operations and Financial Condition. On February 27, 2026, Globalstar, Inc. (the "Company") issued a press release announcing the Company's financial and operating results for the three and twelve months ended December 31, 2025. A copy of the press release is furnished hereto as Exhibit 99.1. The information in this Current Report on Form 8-K, including Exhibit 99.1, is furnished pursuant to the rules and regulations of the Securities and Exchange Commission and shall not be deemed…
“Guidance: 'Total revenue between $280 million and $305 million' for 2026.”