Back to top

Image: Bigstock

Globalstar (GSAT) in Focus: Stock Moves 6% Higher

Read MoreHide Full Article

Globalstar, Inc. (GSAT - Free Report) was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $0.3500 –$0.4000 in the past one-month time frame, witnessed a sharp increase on Friday.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Globalstar currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.

Globalstar, Inc. Price

Investors interested in the Computer and Technology sector may consider ACM Research, Inc. (ACMR - Free Report) , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
 
Is GSAT going up? Or down? Predict to see what others think:Up or Down

Free: Zacks’ Single Best Stock Set to Double
 
Today you are invited to download our latest Special Report that reveals 5 stocks with the most potential to gain +100% or more in 2020. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.
 
This pioneering tech ticker had soared to all-time highs and then subsided to a price that is irresistible. Now a pending acquisition could super-charge the company’s drive past competitors in the development of true Artificial Intelligence. The earlier you get in to this stock, the greater your potential gain.

See 5 Stocks Set to Double>>


In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


ACM Research, Inc. (ACMR) - free report >>

Globalstar, Inc. (GSAT) - free report >>

Published in