Globalstar Surges 37% in Three Months: Is the Stock Still a Buy?
Key Takeaways Globalstar gained 37.3% in three months but lagged the industry's 141.8% surge.Q2 revenues rose 11% to $67.1M, fueled by wholesale services and commercial IoT growth.Globalstar signed a SpaceX deal to launch nine satellites in 2025-26.Globalstar, Inc. (GSAT) stock has been on a tear, gaining 37.3% in the past three months. While the gains are impressive, GSAT has underperformed the Satellite and Communication Industry, which is up a staggering 141.8%.Price PerformanceImage Source: Zacks Invest ...