Globalstar (GSAT) stock is currently trading at $1.53, down significantly due to Apple's collaboration with SpaceX's Starlink, which threatens GSAT's satellite service dominance. Bulls may argue that GSAT is oversold with an RSI of 26, indicating potential undervaluation and a rebound opportunity. However, the stock faces strong headwinds, and any bullish case hinges on GSAT securing new partnerships or innovations to counter competitive pressures.