Globalstar, Inc. GSAT was a big mover last session, as the company saw its shares rise nearly 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $0.29 to $0.34 in the past one month time frame.
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 #3 (Hold) while its Earnings ESP is 0.00%.
Globalstar, Inc. Price
Globalstar, Inc. price | Globalstar, Inc. Quote
A better-ranked stock in the Satellite and Communication industry is Iridium Communications Inc. IRDM, which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Iridium Communications Inc (IRDM) : Free Stock Analysis Report
Globalstar, Inc. (GSAT) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research