GSAT Stock: Is Globalstar Ready To Bounce Back After The Recent Consolidation?
Personifying its name, Globalstar (NYSEAMERICAN:GSAT), the satellite communication specialist, is set to cover the expanse of the globe. With the adjusted EBITDA that exhibited a compound annual growth rate (CAGR) of 20% from 2016 to 2020, the company is definitely on a growth streak. Despite the potential that the stock holds, it is quite surprising that its stocks remain low-priced.
Looking at the numbers, the value of the Globalstar stock at the end of the year 2020 was merely 34cents. But then there was a whooping hike and the stock rallied as high as $2.98 in February. Most recently, as on July 26th, the stock has been standing on $1.41 and everything seems calm. However, the stock has the potential to multiply manifolds. A niche market leader, Globalstar offers a gamut of satellite-enabled products, with its most priced-possession being SPOT Satellite Messenger.
The three different and advanced versions of SPOT make its unique and a product to vouch for. The SPOT Gen4, a satellite GPS messenger with extra tracking features and an enhanced mapping interface, is feature-rich and on the leading edge of satellite connectivity.Globalstar’s partnership with FocusPoint International provides the customers can add the Global Overwatch & Rescue Plan to get immediate access to crisis assistance services. Moreover, off late the company announced that the Yorkshire Peat Partnershipwould also be using SPOT Gen4 messengers to track and safeguard the scientists and surveyors as they work throughout Yorkshire’s remote upland moors.
Thus, taking into consideration the stupendous growth of the industry and satellite technology in particular, GSAT appears to be a long-term winner surpassing all geographical boundaries.
