The price-to-earnings ratio for Globant S.A. (NYSE: GLOB) is 51.52x, which is above its average ratio. Moreover, the 36-month beta value for GLOB is 1.41. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 3 as “overweight,” 3 as “hold,” and 1 as “sell.”
The public float for GLOB is 42.33M and currently, short sellers hold a 5.24% of that float. On July 19, 2024, GLOB’s average trading volume was 578.49K shares.
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GLOB) stock’s latest price update
The stock price of Globant S.A. (NYSE: GLOB) has surged by 0.29 when compared to previous closing price of 196.17, but the company has seen a 3.26% gain in its stock price over the last five trading sessions. zacks.com reported 2024-07-17 that Globant S.A. GLOB has announced a collaboration with Amazon Web Services (“AWS”) to assist customers in utilizing RISE with SAP solution for upgrading on-premise SAP enterprise resource planning (ERP) systems and migrating to the cloud.
GLOB’s Market Performance
Globant S.A. (GLOB) has seen a 3.26% rise in stock performance for the week, with a 24.46% gain in the past month and a 8.00% surge in the past quarter. The volatility ratio for the week is 3.11%, and the volatility levels for the past 30 days are at 3.11% for GLOB. The simple moving average for the last 20 days is 9.38% for GLOB stock, with a simple moving average of -1.85% for the last 200 days.
Analysts’ Opinion of GLOB
Many brokerage firms have already submitted their reports for GLOB stocks, with Goldman repeating the rating for GLOB by listing it as a “Buy.” The predicted price for GLOB in the upcoming period, according to Goldman is $200 based on the research report published on June 24, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see GLOB reach a price target of $230, previously predicting the price at $240. The rating they have provided for GLOB stocks is “Buy” according to the report published on May 28th, 2024.
Redburn Atlantic gave a rating of “Sell” to GLOB, setting the target price at $135 in the report published on May 24th of the current year.
GLOB Trading at 14.14% 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 -21.78% of loss for the given period.
Volatility was left at 3.11%, however, over the last 30 days, the volatility rate increased by 3.11%, as shares surge +27.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.03% upper at present.
During the last 5 trading sessions, GLOB rose by +3.26%, which changed the moving average for the period of 200-days by -0.57% in comparison to the 20-day moving average, which settled at $181.98. In addition, Globant S.A. saw -17.33% 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 3.88. 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 wrap up, the performance of Globant S.A. (GLOB) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
