Recent News
April 14, 2026 — Amazon announced a definitive agreement to acquire Globalstar, with Globalstar shareholders offered $90 per share in cash or a capped amount of Amazon stock. April 13, 2026 — Globalstar filed an 8-K detailing the two-step merger structure. March 3, 2026 — the Federal Communications Commission granted Globalstar temporary authority for feeder-link operations. April 24, 2026 — broker notes and price-target revisions followed the acquisition announcement.
Technical Analysis
ADX at 48.52 indicates a very strong underlying trend, amplifying the impact of recent fundamental headlines on near-term price action. Strength suggests trend-following pressure remains significant.
DI+ shows a peak-and-reversal, a bearish development indicating upward directional pressure has started to weaken; DI- is decreasing, which historically supports bullish directional balance but offers limited offset given DI+’s reversal.
MACD shows a peak-and-reversal, signaling bearish momentum despite the MACD sitting marginally above its signal line; the juxtaposition suggests momentum may be rolling over even as short-term moving-average dynamics remain slightly positive.
MRO reads positive at 39.74 with a peak-and-reversal, indicating price currently sits above the model target and that downside pressure likely increases as that momentum reverses.
RSI at 59.38 and rising points to continued relative strength without overbought readings, supporting potential consolidation near current levels rather than an immediate capitulation.
Price trades above the 12-day and 26-day EMAs, above the 20-day and 50-day averages, and well above the 200-day average; price approaches the 52-week high and sits near the upper Bollinger band (upper 1σ ~ $82.92), implying proximity to short-term resistance and tightening volatility.
Volume sits below the 10-day average but above the 200-day average; subdued near-term volume versus the immediate past suggests less conviction behind intraday moves even as longer-term participation remains elevated. Beta measures (42-day 1.68; 52-week 2.07) signal heightened sensitivity to market swings.
Fundamental Analysis
WMDST values the stock as over-valued. Cash and liquidity remain material: $447.5M in cash and short-term investments, operating cash flow of $175.9M, and free cash flow of $459.4M (free-cash-flow yield 6.05%), exceeding the industry peer mean free-cash-flow yield of 1.745% and approaching the industry peer high.
Profitability shows divergence: EBITDA of $20.125M contrasts with EBIT of -$0.296M and net income of -$11.618M, producing an operating/EBIT margin of -0.41%. That margin sits well below the industry peer mean (~18.20%) and median (~18.36%) and falls outside the industry peer range on the low side.
Earnings per share missed consensus: actual EPS of -$0.06 versus an estimate of $0.01, a $0.07 shortfall representing a -700% EPS surprise ratio. Forward EPS sits at $0.0866 with a forward PE of ~640x, while the trailing PE reads negative; these metrics reflect low current profitability relative to market price.
Valuation multiples show marked divergence from peers: price-to-book at $21.35 per $1 book-value sits far above the industry peer mean ($3.07) and median ($2.98) and lies outside the industry peer range, indicating the market prices substantial strategic or optionality value beyond current asset backing.
Revenue and efficiency metrics show pressure: total revenue $71.96M with revenue growth YoY down 83.43% and QoQ contracting further, while asset turnover at 0.032 is well below the industry peer mean (0.1318), signaling low revenue generation from the asset base.
Leverage and capital structure: total debt $546.3M with debt-to-equity ~153.6% and debt-to-EBITDA ~27.15, reflecting leverage elevated relative to cash-flow coverage; net debt remains modest at $36.317M due to the large cash balance. Interest coverage remains negative.
In sum, cash generation and free cash flow provide operational flexibility and support planned strategic integration, but profitability margins, revenue contraction, low asset turnover, and stretched market multiples underpin WMDST’s over-valued determination.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-12-31 |
| REPORT DATE: | 2026-02-27 |
| NEXT REPORT DATE: | 2026-05-29 |
| CASH FLOW | Begin Period Cash Flow | $ 346.3 M |
| Operating Cash Flow | $ 175.9 M | |
| Capital Expenditures | — | |
| Change In Working Capital | $ 146.4 M | |
| Dividends Paid | $ -2.67 M | |
| Cash Flow Delta | $ 101.2 M | |
| End Period Cash Flow | $ 447.5 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 72.0 M | |
| Forward Revenue | $ -17.17 M | |
| COSTS | ||
| Cost Of Revenue | $ 27.4 M | |
| Depreciation | $ 20.4 M | |
| Depreciation and Amortization | $ 20.4 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 72.3 M | |
| PROFITABILITY | ||
| Gross Profit | $ 44.5 M | |
| EBITDA | $ 20.1 M | |
| EBIT | $ -296.00 K | |
| Operating Income | $ -296.00 K | |
| Interest Income | $ -14.52 M | |
| Interest Expense | — | |
| Net Interest Income | $ -14.52 M | |
| Income Before Tax | $ -9.59 M | |
| Tax Provision | $ 2.0 M | |
| Tax Rate | 21.0 % | |
| Net Income | $ -11.62 M | |
| Net Income From Continuing Operations | $ -11.62 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.01 | |
| EPS Actual | $ -0.06 | |
| EPS Difference | $ -0.07 | |
| EPS Surprise | -700.0 % | |
| Forward EPS | $ 0.09 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 2.3 B | |
| Intangible Assets | $ 122.9 M | |
| Net Tangible Assets | $ 232.8 M | |
| Total Current Assets | $ 496.7 M | |
| Cash and Short-Term Investments | $ 447.5 M | |
| Cash | $ 447.5 M | |
| Net Receivables | $ 20.0 M | |
| Inventory | $ 9.6 M | |
| Long-Term Investments | $ 2.6 M | |
| LIABILITIES | ||
| Accounts Payable | $ 20.7 M | |
| Short-Term Debt | $ 31.8 M | |
| Total Current Liabilities | $ 205.5 M | |
| Net Debt | $ 36.3 M | |
| Total Debt | $ 546.3 M | |
| Total Liabilities | $ 2.0 B | |
| EQUITY | ||
| Total Equity | $ 355.7 M | |
| Retained Earnings | $ -2.14 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 2.78 | |
| Shares Outstanding | 128.050 M | |
| Revenue Per-Share | $ 0.56 | |
| VALUATION | Market Capitalization | $ 7.6 B |
| Enterprise Value | $ 7.7 B | |
| Enterprise Multiple | 382.241 | |
| Enterprise Multiple QoQ | 140.594 % | |
| Enterprise Multiple YoY | 148.959 % | |
| Enterprise Multiple IPRWA | GSAT: 382.241 high: 45.848 mean: 24.237 median: 21.344 low: -93.476 |
|
| EV/R | 106.9 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 6.539 | |
| Asset To Liability | 1.181 | |
| Debt To Capital | 0.606 | |
| Debt To Assets | 0.235 | |
| Debt To Assets QoQ | -10.074 % | |
| Debt To Assets YoY | 1060.949 % | |
| Debt To Assets IPRWA | high: 0.782 mean: 0.435 median: 0.411 GSAT: 0.235 low: 0.004 |
|
| Debt To Equity | 1.536 | |
| Debt To Equity QoQ | -0.787 % | |
| Debt To Equity YoY | 1493.009 % | |
| Debt To Equity IPRWA | high: 3.84 mean: 1.861 median: 1.728 GSAT: 1.536 low: 0.007 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 21.347 | |
| Price To Book QoQ | 60.252 % | |
| Price To Book YoY | 141.948 % | |
| Price To Book IPRWA | GSAT: 21.347 high: 5.26 mean: 3.071 median: 2.982 low: 0.755 |
|
| Price To Earnings (P/E) | -539.116 | |
| Price To Earnings QoQ | -114.052 % | |
| Price To Earnings YoY | 804.056 % | |
| Price To Earnings IPRWA | high: 107.034 median: 57.195 mean: 51.553 low: -129.735 GSAT: -539.116 |
|
| PE/G Ratio | 0.449 | |
| Price To Sales (P/S) | 105.526 | |
| Price To Sales QoQ | 60.348 % | |
| Price To Sales YoY | 103.882 % | |
| Price To Sales IPRWA | GSAT: 105.526 high: 83.998 mean: 10.556 low: 5.208 median: 5.208 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 640.142 | |
| Forward PE/G | -0.533 | |
| Forward P/S | -442.361 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 40.325 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.032 | |
| Asset Turnover Ratio QoQ | -11.607 % | |
| Asset Turnover Ratio YoY | -31.143 % | |
| Asset Turnover Ratio IPRWA | high: 0.136 median: 0.136 mean: 0.132 GSAT: 0.032 low: 0.004 |
|
| Receivables Turnover | 3.132 | |
| Receivables Turnover Ratio QoQ | 7.627 % | |
| Receivables Turnover Ratio YoY | 79.132 % | |
| Receivables Turnover Ratio IPRWA | high: 4.887 GSAT: 3.132 mean: 1.654 median: 1.001 low: 0.141 |
|
| Inventory Turnover | 2.607 | |
| Inventory Turnover Ratio QoQ | 16.533 % | |
| Inventory Turnover Ratio YoY | 34.16 % | |
| Inventory Turnover Ratio IPRWA | high: 8.639 mean: 3.829 median: 3.558 GSAT: 2.607 low: 0.774 |
|
| Days Sales Outstanding (DSO) | 29.132 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | -50.705 | |
| Cash Conversion Cycle Days QoQ | -45.888 % | |
| Cash Conversion Cycle Days YoY | -399.799 % | |
| Cash Conversion Cycle Days IPRWA | high: 316.918 mean: -42.302 median: -48.281 GSAT: -50.705 low: -166.445 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.247 | |
| CapEx To Revenue | — | |
| CapEx To Depreciation | — | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 807.7 M | |
| Net Invested Capital | $ 839.5 M | |
| Invested Capital | $ 839.5 M | |
| Net Tangible Assets | $ 232.8 M | |
| Net Working Capital | $ 291.2 M | |
| LIQUIDITY | ||
| Cash Ratio | 2.178 | |
| Current Ratio | 2.417 | |
| Current Ratio QoQ | -4.519 % | |
| Current Ratio YoY | -23.584 % | |
| Current Ratio IPRWA | high: 2.476 GSAT: 2.417 mean: 0.794 low: 0.737 median: 0.737 |
|
| Quick Ratio | 2.371 | |
| Quick Ratio QoQ | -3.621 % | |
| Quick Ratio YoY | -23.22 % | |
| Quick Ratio IPRWA | GSAT: 2.371 high: 2.045 mean: 0.732 low: 0.68 median: 0.68 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 27.147 | |
| Cost Of Debt | 0.408 % | |
| Interest Coverage Ratio | -0.103 | |
| Interest Coverage Ratio QoQ | -102.882 % | |
| Interest Coverage Ratio YoY | -93.001 % | |
| Interest Coverage Ratio IPRWA | high: 14.487 median: 3.92 GSAT: -0.103 mean: -0.57 low: -1149.836 |
|
| Operating Cash Flow Ratio | -0.038 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 117.292 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | -4.346 | |
| Dividend Payout Ratio | -0.23 | |
| Dividend Rate | $ 0.02 | |
| Dividend Yield | 0.0 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 7.58 % | |
| Revenue Growth | -2.551 % | |
| Revenue Growth QoQ | -125.579 % | |
| Revenue Growth YoY | -83.428 % | |
| Revenue Growth IPRWA | high: 10.826 % mean: 5.744 % median: 5.143 % GSAT: -2.551 % low: -44.188 % |
|
| Earnings Growth | -1200.0 % | |
| Earnings Growth QoQ | 1199.996 % | |
| Earnings Growth YoY | -89.24 % | |
| Earnings Growth IPRWA | high: 14.894 % median: -9.756 % mean: -11.106 % low: -152.273 % GSAT: -1200.0 % |
|
| MARGINS | ||
| Gross Margin | 61.888 % | |
| Gross Margin QoQ | -5.218 % | |
| Gross Margin YoY | -3.415 % | |
| Gross Margin IPRWA | high: 86.336 % mean: 62.239 % GSAT: 61.888 % median: 61.318 % low: 55.64 % |
|
| EBIT Margin | -0.411 % | |
| EBIT Margin QoQ | -102.955 % | |
| EBIT Margin YoY | -94.055 % | |
| EBIT Margin IPRWA | high: 29.785 % median: 18.355 % mean: 18.199 % GSAT: -0.411 % low: -28.576 % |
|
| Return On Sales (ROS) | -0.411 % | |
| Return On Sales QoQ | -102.955 % | |
| Return On Sales YoY | -94.055 % | |
| Return On Sales IPRWA | high: 61.969 % median: 20.958 % mean: 20.841 % GSAT: -0.411 % low: -29.359 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 459.4 M | |
| Free Cash Flow Yield | 6.05 % | |
| Free Cash Flow Yield QoQ | 153.032 % | |
| Free Cash Flow Yield YoY | -36.742 % | |
| Free Cash Flow Yield IPRWA | high: 6.497 % GSAT: 6.05 % median: 1.851 % mean: 1.745 % low: -11.817 % |
|
| Free Cash Growth | 295.411 % | |
| Free Cash Growth QoQ | 473.168 % | |
| Free Cash Growth YoY | -94.56 % | |
| Free Cash Growth IPRWA | GSAT: 295.411 % high: 52.957 % median: 27.695 % mean: -51.771 % low: -319.566 % |
|
| Free Cash To Net Income | -39.543 | |
| Cash Flow Margin | -10.992 % | |
| Cash Flow To Earnings | 0.681 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | -0.518 % | |
| Return On Assets QoQ | -1059.259 % | |
| Return On Assets YoY | -86.447 % | |
| Return On Assets IPRWA | high: 2.329 % median: 1.065 % mean: 0.99 % GSAT: -0.518 % low: -2.984 % |
|
| Return On Capital Employed (ROCE) | -0.014 % | |
| Return On Equity (ROE) | -0.033 | |
| Return On Equity QoQ | -1192.308 % | |
| Return On Equity YoY | -76.66 % | |
| Return On Equity IPRWA | high: 0.056 median: 0.045 mean: 0.039 GSAT: -0.033 low: -0.102 |
|
| DuPont ROE | -3.224 % | |
| Return On Invested Capital (ROIC) | -0.028 % | |
| Return On Invested Capital QoQ | -103.014 % | |
| Return On Invested Capital YoY | -102.988 % | |
| Return On Invested Capital IPRWA | high: 12.346 % mean: 3.407 % median: 2.845 % GSAT: -0.028 % low: -4.367 % |
|