The stock of Globant S.A. (GLOB) has gone down by -3.54% for the week, with a -12.59% drop in the past month and a -27.19% drop in the past quarter. The volatility ratio for the week is 2.33%, and the volatility levels for the past 30 days are 2.46% for GLOB. The simple moving average for the past 20 days is -6.23% for GLOB’s stock, with a -15.23% simple moving average for the past 200 days.
Is It Worth Investing in Globant S.A. (NYSE: GLOB) Right Now?
Globant S.A. (NYSE: GLOB) has a price-to-earnings ratio of 47.61x that is above its average ratio. Additionally, the 36-month beta value for GLOB is 1.44. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 3 rating it as “overweight,” 3 rating it as “hold,” and 1 rating it as “sell.”
The public float for GLOB is 42.28M and currently, short sellers hold a 2.11% ratio of that float. The average trading volume of GLOB on May 09, 2024 was 463.12K shares.
GLOB) stock’s latest price update
Globant S.A. (NYSE: GLOB)’s stock price has dropped by -9.33 in relation to previous closing price of 191.05. Nevertheless, the company has seen a loss of -3.54% in its stock price over the last five trading days. Seeking Alpha reported 2024-02-16 that Globant S.A. (GLOB) Q4 2023 Earnings Call Transcript
Analysts’ Opinion of GLOB
Many brokerage firms have already submitted their reports for GLOB stocks, with Guggenheim repeating the rating for GLOB by listing it as a “Buy.” The predicted price for GLOB in the upcoming period, according to Guggenheim is $250 based on the research report published on March 19, 2024 of the current year 2024.
Mizuho, on the other hand, stated in their research note that they expect to see GLOB reach a price target of $283. The rating they have provided for GLOB stocks is “Buy” according to the report published on January 30th, 2024.
Canaccord Genuity gave a rating of “Hold” to GLOB, setting the target price at $230 in the report published on December 06th of the previous year.
GLOB Trading at -12.71% from the 50-Day Moving Average
After a stumble in the market that brought GLOB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -31.13% of loss for the given period.
Volatility was left at 2.46%, however, over the last 30 days, the volatility rate increased by 2.33%, as shares sank -13.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -23.24% lower at present.
During the last 5 trading sessions, GLOB fell by -3.27%, which changed the moving average for the period of 200-days by -4.28% in comparison to the 20-day moving average, which settled at $183.38. In addition, Globant S.A. saw -27.21% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for GLOB
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.35 for the gross margin
The net margin for Globant S.A. stands at 0.08. The total capital return value is set at 0.1. Equity return is now at value 9.79, with 6.43 for asset returns.
Based on Globant S.A. (GLOB), the company’s capital structure generated 0.11 points at debt to capital in total, while cash flow to debt ratio is standing at 1.52. The debt to equity ratio resting at 0.12. The interest coverage ratio of the stock is 8.92.
Currently, EBITDA for the company is 379.64 million with net debt to EBITDA at -0.11. When we switch over and look at the enterprise to sales, we see a ratio of 3.59. The receivables turnover for the company is 3.99for trailing twelve months and the total asset turnover is 0.77. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.36.
Conclusion
In conclusion, Globant S.A. (GLOB) 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.
