Globant S.A. (NYSE: GLOB)’s stock price has plunge by -1.60relation to previous closing price of 186.95. Nevertheless, the company has seen a -4.04% plunge in its stock price over the last five trading sessions. prnewswire.com reported 2024-08-08 that LUXEMBOURG, Aug. 8, 2024 /PRNewswire/ — Globant (NYSE: GLOB), a digitally native company focused on reinventing businesses through innovative technology solutions, today announced it will release results for the second quarter ended June 30th, 2024 on Thursday, August 15th, 2024 after the close of regular market hours. Following the release, Martin Migoya, Globant’s CEO & co-founder; Juan Urthiague, Globant’s CFO; Patricia Pomies, Globant’s COO; and Diego Tártara, Globant’s CTO, will discuss the results in a video conference call beginning at 4:30 pm ET.
Is It Worth Investing in Globant S.A. (NYSE: GLOB) Right Now?
Globant S.A. (NYSE: GLOB) has a price-to-earnings ratio that is above its average at 48.18x. The stock has a 36-month beta value of 1.38. Opinions on the stock are mixed, 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 42.33M, and at present, short sellers hold a 5.26% of that float. On August 09, 2024, the average trading volume of GLOB was 597.55K shares.
GLOB’s Market Performance
GLOB’s stock has seen a -4.04% decrease for the week, with a 3.06% rise in the past month and a -3.71% fall in the past quarter. The volatility ratio for the week is 4.23%, and the volatility levels for the past 30 days are at 3.63% for Globant S.A. The simple moving average for the last 20 days is -4.53% for GLOB stock, with a simple moving average of -8.10% 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 4.00% 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 -26.86% of loss for the given period.
Volatility was left at 3.63%, however, over the last 30 days, the volatility rate increased by 4.23%, as shares sank -3.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.65% upper at present.
During the last 5 trading sessions, GLOB fell by -4.04%, which changed the moving average for the period of 200-days by +1.96% in comparison to the 20-day moving average, which settled at $192.36. In addition, Globant S.A. saw -22.70% 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 3.63. 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 sum up, Globant S.A. (GLOB) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
