Globalstar sees a jump — What is fueling the stock rise

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Globalstar rises 2.11% today

Highlights

Ashford Capital Management reduced its stake in Globalstar by selling 410,326 shares for $22.66 million as of February 13, 2026.
Globalstar reported record Q3 revenue of $73.8 million, driven by $69.6 million in service revenue and strategic partnerships such as with XCOM Labs for 5G and IoT solutions.
GSAT trades at $60.31, facing immediate resistance at $61.22 (Kijun), with strong support at the MA-200 ($40.58) and a high probability of near-term gains above $59.

Insider selling contrasts with record revenue and new partnerships

Ashford Capital Management reduced its position in Globalstar by selling 410,326 shares for a total of $22.66 million as of February 13, 2026. The company also reported record third-quarter revenue of $73.8 million, with $69.6 million generated from service revenue. Recent strategic partnerships, including an alliance with XCOM Labs to advance 5G and IoT satellite solutions, further support the growth outlook.

Anton Kharitonov, expert at Traders Union, identifies mixed technical momentum and weak confirmation from oscillators. He notes GSAT’s modest move above long-term averages but remains cautious, citing the recent selling by Ashford Capital Management and diverging indicator signals. The stock is struggling with medium-term resistance, and overbought oscillators raise downside risk. Kharitonov sees upward moves lacking strength and highlights vulnerability if $59.00 support fails. He warns, "A lack of momentum confirmation and recent insider selling should keep traders on the defensive here."

Viktoras Karapetjanc, expert at Traders Union, sees GSAT’s structural growth story reinforced by record third-quarter results and strategic partnerships in the dynamic satellite sector. He believes the jump in service revenue and the XCOM Labs alliance lay a foundation for further gains. Weekly indicators favor continued upward momentum, making the bullish structure intact. Karapetjanc states, "The market offers multiple setups for further growth, and the company’s fundamentals support confidence in a broader trend higher."

Parshwa Turakhiya, analyst, highlights GSAT’s price action pushing toward session highs but stuck inside a tight trading band. He sees technical signals mixed in the short term, suggesting range trading remains dominant until a breakout. Turakhiya notes that news flow and revenue growth may stir sentiment, yet traders should stay alert for a move above $61.22 or a break of $59.00 support. He emphasizes, "Sharp sentiment shifts and narrow ranges present agile short-term setups if the next technical level gives way."

Mixed technical signals as momentum stays muted near session highs

Momentum signals are mixed. The MACD and RSI on the daily chart point to short-term caution, while ADX reflects a weak trend. Oscillators show some overbought conditions based on Stoch RSI and BBP, but RSI and CCI are neutral to weak. The Awesome Oscillator does not reinforce the current move, and indicator divergences are clear. GSAT opened close to the previous close, so there was no significant gap. The price is now near today’s high, showing modest intraday volatility and a gain of 2.11%. This marks strength toward session highs, but momentum signals offer little confirmation or direct contradiction.

Last time, analysts noted that Globalstar Inc. is trading below its short- and medium-term moving averages, with near-term price pressure persisting despite long-term support well above the 200-day average. Mixed momentum indicators, including a bearish MACD and neutral RSI, paired with immediate support near $59.52 and resistance at $61.22 and $63.05, signal ongoing short-term consolidation and elevated downside risk.

Source of Data: GSAT Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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