In the past week, GL stock has gone up by 2.46%, with a monthly gain of 2.25% and a quarterly surge of 23.56%. The volatility ratio for the week is 2.11%, and the volatility levels for the last 30 days are 2.15% for Globe Life Inc The simple moving average for the last 20 days is 1.95% for GL stock, with a simple moving average of 8.58% for the last 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 that is above its average at 9.86x. The stock has a 36-month beta value of 0.81. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 1 as “overweight,” 5 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for GL is 89.25M, and at present, short sellers hold a 2.36% of that float. On October 18, 2024, the average trading volume of GL was 848.12K shares.
GL) stock’s latest price update
Globe Life Inc (NYSE: GL)’s stock price has plunge by -1.64relation to previous closing price of 110.87. Nevertheless, the company has seen a 2.46% surge in its stock price over the last five trading sessions. marketwatch.com reported 2024-10-17 that Globe Life Inc. has been targeted in an extortion attempt, the life insurance company revealed Thursday.
Analysts’ Opinion of GL
Many brokerage firms have already submitted their reports for GL stocks, with TD Cowen repeating the rating for GL by listing it as a “Buy.” The predicted price for GL in the upcoming period, according to TD Cowen is $150 based on the research report published on October 09, 2024 of the current year 2024.
Keefe Bruyette, on the other hand, stated in their research note that they expect to see GL reach a price target of $110, previously predicting the price at $130. The rating they have provided for GL stocks is “Outperform” according to the report published on April 24th, 2024.
Wells Fargo gave a rating of “Overweight” to GL, setting the target price at $137 in the report published on October 31st of the previous year.
GL Trading at 5.63% 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 -17.39% of loss for the given period.
Volatility was left at 2.15%, however, over the last 30 days, the volatility rate increased by 2.11%, as shares surge +1.68% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +22.79% upper at present.
During the last 5 trading sessions, GL rose by +2.46%, which changed the moving average for the period of 200-days by -10.66% in comparison to the 20-day moving average, which settled at $106.96. In addition, Globe Life Inc saw -10.41% 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 Thigpen Mary E, who purchase 3,000 shares at the price of $90.20 back on Jul 26 ’24. After this action, Thigpen Mary E now owns 15,605 shares of Globe Life Inc, valued at $270,600 using the latest closing price.
Hensley Robert Edward, the EVP & Chief Investment Officer of Globe Life Inc, purchase 2,500 shares at $82.17 during a trade that took place back on May 28 ’24, which means that Hensley Robert Edward is holding 7,290 shares at $205,421 based on the most recent closing price.
Stock Fundamentals for GL
Current profitability levels for the company are sitting at:
- 0.55 for the present operating margin
- 0.93 for the gross margin
The net margin for Globe Life Inc stands at 0.18. The total capital return value is set at 0.12. Equity return is now at value 22.69, with 3.80 for asset returns.
Based on Globe Life Inc (GL), the company’s capital structure generated 0.3 points at debt to capital in total, while cash flow to debt ratio is standing at 0.61. The debt to equity ratio resting at 0.44. The interest coverage ratio of the stock is 28.01.
Currently, EBITDA for the company is -103.22 million with net debt to EBITDA at 9.46. When we switch over and look at the enterprise to sales, we see a ratio of 2.12. The receivables turnover for the company is 8.73for trailing twelve months and the total asset turnover is 0.2. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.66.
Conclusion
To sum up, Globe Life Inc (GL) 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.
