Globe Life Inc’s (GL) Stock: A -6.76% Simple Moving Average for the Past 20 Days

The stock of Globe Life Inc (GL) has gone down by -4.11% for the week, with a -11.52% drop in the past month and a -8.28% drop in the past quarter. The volatility ratio for the week is 1.67%, and the volatility levels for the past 30 days are 2.15% for GL. The simple moving average for the past 20 days is -6.76% for GL’s stock, with a -4.22% simple moving average for the past 200 days.

Is It Worth Investing in Globe Life Inc (NYSE: GL) Right Now?

Globe Life Inc (NYSE: GL) has a price-to-earnings ratio of 11.07x that is above its average ratio. Additionally, the 36-month beta value for GL is 0.68. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”

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The public float for GL is 91.58M and currently, short sellers hold a 2.52% ratio of that float. The average trading volume of GL on April 03, 2024 was 681.54K shares.

GL) stock’s latest price update

Globe Life Inc (NYSE: GL)’s stock price has plunge by -2.18relation to previous closing price of 114.13. Nevertheless, the company has seen a -4.11% plunge in its stock price over the last five trading sessions. Seeking Alpha reported 2024-03-28 that A list of top stocks expected to raise dividends in the upcoming week, with increases averaging 8.4% and median 6.8%. Companies included in the list have consistently grown their dividends for at least five years. Comparison of historical returns of stocks to benchmark SCHD, with JPM being the top performer.

Analysts’ Opinion of GL

Many brokerage firms have already submitted their reports for GL stocks, with Wells Fargo repeating the rating for GL by listing it as a “Overweight.” The predicted price for GL in the upcoming period, according to Wells Fargo is $137 based on the research report published on October 31, 2023 of the previous year 2023.

Morgan Stanley, on the other hand, stated in their research note that they expect to see GL reach a price target of $131. The rating they have provided for GL stocks is “Equal-Weight” according to the report published on August 18th, 2023.

Wells Fargo gave a rating of “Equal Weight” to GL, setting the target price at $120 in the report published on April 25th of the previous year.

GL Trading at -8.92% from the 50-Day Moving Average

After a stumble in the market that brought GL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -15.42% of loss for the given period.

Volatility was left at 2.15%, however, over the last 30 days, the volatility rate increased by 1.67%, as shares sank -11.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.35% lower at present.

During the last 5 trading sessions, GL fell by -4.11%, which changed the moving average for the period of 200-days by +4.34% in comparison to the 20-day moving average, which settled at $119.00. In addition, Globe Life Inc saw -8.28% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at GL starting from Haworth Jennifer Allison, who sale 2,524 shares at the price of $121.37 back on Dec 29 ’23. After this action, Haworth Jennifer Allison now owns 8,606 shares of Globe Life Inc, valued at $306,348 using the latest closing price.

BUCHAN JANE, the Director of Globe Life Inc, sale 1,000 shares at $124.50 during a trade that took place back on Dec 12 ’23, which means that BUCHAN JANE is holding 80,285 shares at $124,500 based on the most recent closing price.

Stock Fundamentals for GL

Current profitability levels for the company are sitting at:

  • 0.39 for the present operating margin
  • 0.95 for the gross margin

The net margin for Globe Life Inc stands at 0.18. The total capital return value is set at 0.08. Equity return is now at value 20.69, with 3.62 for asset returns.

Based on Globe Life Inc (GL), the company’s capital structure generated 0.32 points at debt to capital in total, while cash flow to debt ratio is standing at 0.7. The debt to equity ratio resting at 0.47. The interest coverage ratio of the stock is 20.61.

Currently, EBITDA for the company is 21.0 million with net debt to EBITDA at 2.28. When we switch over and look at the enterprise to sales, we see a ratio of 2.31. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.80.

Conclusion

In conclusion, Globe Life Inc (GL) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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