GSAT Price Prediction Next Week
Analysis and Insights
News Sentiment and Recent Developments:
Partnership with GCT Semiconductor: Globalstar announced a partnership with GCT Semiconductor to develop two-way satellite messaging systems, leveraging GCT's IoT chips. This collaboration is expected to enhance Globalstar's product offerings and expand its market reach.
Insider Trading Activity: The General Counsel of Globalstar sold 488 shares, representing 0.3% of their holdings. While this indicates some insider selling, it remains a small portion of their total shares.
Verizon's Positive Outlook: Verizon highlighted its partnership with Globalstar as part of its strategy to leverage satellite technology for complementary network solutions, indicating confidence in Globalstar's capabilities.
Technical Analysis:
- RSI (14): 43.62, indicating the stock is not oversold but is in a neutral zone.
- MACD: The MACD line is slightly below the signal line, suggesting mild bearish momentum.
- Bollinger Bands: The stock is trading near the lower band, indicating potential undervaluation.
- Fibonacci Levels: The stock is currently near the pivot level of $21.65, with resistance at $22.97 and support at $20.34.
Price Prediction and Recommendation:
Based on the analysis, GSAT is expected to trade between $20.34 and $22.97 next week. The stock is likely to test the resistance level of $22.97, driven by positive news sentiment and potential technical bounce.
Prediction: The stock price is expected to reach $22.50 by the end of the next trading week.
Recommendation: Buy GSAT as the combination of positive news and technical indicators suggests a potential upside.
GSAT Similar Chart Price Prediction
The price of GSAT is predicted to go up 1.72%, based on the high correlation periods with MGEE. The similarity of these two price pattern on the periods is 93.88%.
GSAT
MGEE
Up: 1.72%Similarity: 93.88%
GSAT Revenue Forecast
GSAT EPS Forecast
GSAT FAQs
What is GSAT revenue forecast for next quarter？
GSAT Analyst's Forecast
Simon Flannery
Morgan Stanley
Hold
2025-02-26
Price Target
$15 → $25
Upside
+15%
Morgan Stanley raised the firm's price target on Globalstar to $25 from $14.85 and keeps an Equal Weight rating on the shares. Globalstar's contract finalization with MDA Space announced on February 10 solidifies its Extended MSS Network opportunity, says the analyst, whose new target factors in the new agreement and updates to the firm's model post the company's reverse stock split.
George Sutton
Craig-Hallum
Strong Buy
2024-11-04
Price Target
$4 → $5
Upside
+172.48%
