|Bid||0.0000 x 1100|
|Ask||0.0000 x 21500|
|Day's Range||1.2500 - 1.3500|
|52 Week Range||0.2900 - 2.9800|
|Beta (5Y Monthly)||0.01|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 04, 2021 - Aug 09, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
SPOT LLC, a wholly-owned subsidiary of Globalstar, Inc. (NYSE American: GSAT) and leader in satellite messaging and emergency notification technologies, today announced its partnership with Desert Vets Racing, an off-road racing organization founded by military veterans for veterans and active duty personnel. As part of the partnership, SPOT is providing the organization with goods and services to enable communication and driver safety while off-roading in areas without terrestrial connectivity.
Investors need to pay close attention to Globalstar (GSAT) stock based on the movements in the options market lately.
Shares of Globalstar (NYSEMKT: GSAT) stock dropped 8.1% through 1:35 p.m. EDT Friday, after the mobile satellite services provider released its fiscal Q1 2021 earnings report yesterday -- meeting on earnings but missing on revenue. Heading into fiscal Q1 2021, analysts had predicted Globalstar would lose $0.02 per share -- and it did that. As Globalstar explained, "Total revenue for the first quarter of 2021 decreased 16% from the first quarter of 2020; however, this decline was due primarily to the timing of engineering service revenue."