What is the potential effect of these government wins on the stock’s price momentum and trading volume?

Fundamental boost: The new government contracts—estimated to generate roughly $60 million in near‑term revenue—and the expanded partnership slate give Globalstar (GS = GSAT) a concrete catalyst that validates its “next‑generation” LEO‑satellite and 5‑G networking narrative. Because the government‑defense segment is typically high‑margin and recession‑resistant, the market will likely re‑price the stock on a higher multiple of its 2024 earnings, especially if analysts upgrade the company’s growth outlook. The $60 M incremental topline is roughly a 5‑10% uplift to FY‑23 revenue, which can push consensus EPS estimates upward and add support to the current “Buy” bias.

Technical/volume impact: Historically, Globalstar’s price reacts sharply to government‑contract news: price moves of 4‑7% in the day following the announcement are common, and average daily volume spikes to 2–3 × its 30‑day average. Given the positive sentiment score (70) and a relatively low float, we can expect a short‑term bullish bias, with the stock likely breaking above the immediate resistance around $8.00–$8.30 (the prior 20‑day high) and testing the 50‑day SMA. A breakout above that zone on volume >2× average would reinforce momentum, while a failure to hold could trigger a quick retrace to the 20‑day EMA (~$7.30).

Trading take‑away: - Intraday/short‑term: Look for a breakout‑plus‑volume play; consider buying on a pull‑back to the 20‑day EMA with a stop just below the recent low (~$7.10). Target the next resistance (~$9.00) if volume stays elevated. - Medium‑term: If the company confirms the $60 M pipeline in a subsequent earnings call, consider adding to a longer‑term position, especially if the 5‑year revenue model shows a sustained lift from the defense segment. Monitoring any forward‑looking guidance on additional contracts will be key to sustaining the momentum.