Globant S.A. (NYSE: GLOB)’s stock price has gone rise by 10.04 in comparison to its previous close of 154.21, however, the company has experienced a 5.40% increase in its stock price over the last five trading days. prnewswire.com reported 2024-06-19 that Six months after joining efforts, the tech giant and creative powerhouse make another bold move to offer a unique one-stop creative and tech shop for global marketeers Globant GUT Network will leverage the best of global creativity, spearheaded by GUT, with the amazing array of Globant’s marketing and tech offering Media Kit CANNES, France, June 19, 2024 /PRNewswire/ — Globant (NYSE: GLOB), a digitally native company focused on reinventing businesses through innovative technology solutions, announced today the launch of Globant GUT, the first creative Network reinvented by tech. The new Network aligns Globant’s previously acquired agencies Habitant, Ad_bid, KTBO, and Vertic with GUT, award-winning global creative agency who became part of the Globant family last November.
Is It Worth Investing in Globant S.A. (NYSE: GLOB) Right Now?
Globant S.A. (NYSE: GLOB) has a higher price-to-earnings ratio of 44.45x compared to its average ratio. GLOB has 36-month beta value of 1.38. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 3 as “overweight,” 3 as “hold,” and 1 as “sell.”
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The public float for GLOB is 42.28M, and currently, short sellers hold a 3.29% ratio of that float. The average trading volume of GLOB on June 20, 2024 was 522.90K shares.
GLOB’s Market Performance
The stock of Globant S.A. (GLOB) has seen a 5.40% increase in the past week, with a -1.06% drop in the past month, and a -17.65% fall in the past quarter. The volatility ratio for the week is 2.83%, and the volatility levels for the past 30 days are at 2.96% for GLOB. The simple moving average for the past 20 days is 5.80% for GLOB’s stock, with a -16.11% simple moving average for the past 200 days.
Analysts’ Opinion of GLOB
Many brokerage firms have already submitted their reports for GLOB stocks, with UBS repeating the rating for GLOB by listing it as a “Buy.” The predicted price for GLOB in the upcoming period, according to UBS is $230 based on the research report published on May 28, 2024 of the current year 2024.
Redburn Atlantic, on the other hand, stated in their research note that they expect to see GLOB reach a price target of $135. The rating they have provided for GLOB stocks is “Sell” according to the report published on May 24th, 2024.
Needham gave a rating of “Buy” to GLOB, setting the target price at $200 in the report published on May 17th of the current year.
GLOB Trading at -2.39% 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 -32.53% of loss for the given period.
Volatility was left at 2.96%, however, over the last 30 days, the volatility rate increased by 2.83%, as shares sank -1.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.00% lower at present.
During the last 5 trading sessions, GLOB rose by +6.13%, which changed the moving average for the period of 200-days by -15.53% in comparison to the 20-day moving average, which settled at $160.25. In addition, Globant S.A. saw -28.69% 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
- 0.34 for the gross margin
The net margin for Globant S.A. stands at 0.08. The total capital return value is set at 0.11. Equity return is now at value 10.07, with 6.88 for asset returns.
Based on Globant S.A. (GLOB), the company’s capital structure generated 0.08 points at debt to capital in total, while cash flow to debt ratio is standing at 1.99. The debt to equity ratio resting at 0.08. The interest coverage ratio of the stock is 8.47.
Currently, EBITDA for the company is 379.64 million with net debt to EBITDA at -0.0. When we switch over and look at the enterprise to sales, we see a ratio of 3.33. The receivables turnover for the company is 3.51for trailing twelve months and the total asset turnover is 0.82. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.42.
Conclusion
To put it simply, Globant S.A. (GLOB) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others 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.
