Last updated: February 5, 2025 at 05:49 PM
Summary of Reddit Comments on GSAT Stock
GSAT Stock Pros
- Anticipated Nasdaq Listing: "GSAT will join Nasdaq next month š"
- Potential Growth Opportunities: "The words reverse stock split and good faith don't go together [...] I have a feeling the price will significantly drop after split. And for that reason Iām out."
- Apple Partnership: "Apple deal we should see more light on Thursday when we report earnings. We have a proof of concept with a government subcontractor with band 53... A lot of moving parts other than Apple."
- Speculation on Apple's Strategy: "What sold me is ast has 200mil in cash and 1mil revenue... GSAT has now 1.4bil in cash and 300mil revenue doubling to 600mil next year..."
- Potential Satellite Internet Dominance: "We are trading on a firm belief that GSAT will become the dominate satellite internet and phone service provider..."
GSAT Stock Cons
- Weak Momentum: "Showing weak momentum"
- Risk of Decrease Post-Reverse Split: "At current price of $1.85 a 10:1 split the new pps will be $18.50 and at a 25:1 split it will be $45.25."
- Potential Overvaluation: "This stock is primed. The RS is part of a larger strategy. When news finally does get released on this stock, it will fly."
- Speculative Nature: "then again everything I said up above is simply speculation, and I could be very wrong."
Other Stock Mentions
- RKLB: "Been holding RDW for 6 months, was never allowed to post about it and stopped trying."
- ASTS: "KULR is another one Iām bullish on", "Now is the timeā¦. I see a lot of ASTS investors pulling their ASTS shares only to invest in GSAT."
- RDW: "OP originally tried posting this months ago, but WSB rejected it because RDW was 'under 500m market cap.'"
Community Sentiments
- Optimism: "Tomorrow, I put >1% of my net worth into NBIS. This may be one of a few AI plays still not overbought will legs to run."
- Cautiousness: "Expecting GSAT to moon but not quite yet"
Overall Takeaways
- GSAT Potential: GSAT shows signs of potential growth with an anticipated Nasdaq Listing and a partnership with Apple. However, there are concerns about weak momentum, the impact of a reverse split, and the speculative nature of the stock. Other mentioned stocks like RKLB and ASTS also have strong community interest and potential for growth. Itās advised to proceed with caution and conduct thorough research before making investment decisions.