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

Zacks Equity Research

Globalstar, Inc. GSAT 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

Globalstar, Inc. Price

Globalstar, Inc. price | Globalstar, Inc. Quote

Investors interested in the Computer and Technology sector may consider ACM Research, Inc. ACMR, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
 
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