|Bid||0.0000 x 1300|
|Ask||0.0000 x 40000|
|Day's Range||1.0800 - 1.2000|
|52 Week Range||0.2800 - 2.9800|
|Beta (5Y Monthly)||0.03|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 05, 2021 - May 10, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Shares of Globalstar (NYSEMKT: GSAT) slumped 23.7% in March, according to data from S&P Global Market Intelligence. Globalstar published its full-year results on March 3 and provided an update on the company's outlook. Globalstar hit a 52-week high of $2.98 per share in February, but now trades roughly 57% below that level.
Globalstar, Inc. (NYSE American: GSAT) today announced that all remaining warrants issued to its second lien lenders in November 2019 have been exercised. These warrants were exercised for shares of common stock resulting in total proceeds to Globalstar of $47.3 million. This equity issuance satisfies the Company’s requirement in its loan agreements to raise a minimum of $45 million of equity by March 30, 2021.
The big shareholder groups in Globalstar, Inc. ( NYSEMKT:GSAT ) have power over the company. Institutions will often...