What's Moving: Globalstar Inc (NYSE:GSAT) shares are trading about 30% higher at $1.86 in the pre-market session on Monday. The Covington, Louisiana-based satellite communications company's shares last closed 5.9% higher at $1.43 on Friday.

Globalstar shares have a 52-week high of $2.98 and a 52-week low of $0.29. B. Riley Securities analyst Mike Crawford initiated coverage on Globalstar with a Buy rating and a price target of $3.25 in June.

Globalstar reported a total revenue of $30.28 million in the second quarter, compared to $30.36 million in the year-ago period. Net loss dropped to $21.45 million, compared to $24.7 million in the same quarter a year ago.