GSAT faces potential downside risk due to economic uncertainty despite partnership with Apple

From Nasdaq: 2025-03-19 04:00:00

The Nasdaq has dropped 10% in the last month, with Globalstar Inc GSAT facing potential downside risk. Despite a partnership with Apple, market sentiment is low due to economic uncertainty. Globalstar’s balance sheet shows $1.71 billion in assets but $1.35 billion in liabilities. At $20 a share, GSAT trades at 10X sales compared to industry averages. Investors may find it risky to invest in Globalstar.

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Read more at Nasdaq: Bear of the Day: Globalstar (GSAT)