The price-to-earnings ratio for Globant S.A (NYSE: GLOB) is above average at 60.97x. The 36-month beta value for GLOB is also noteworthy at 1.37. 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 43.30M, and at present, short sellers hold a 5.34% of that float. The average trading volume of GLOB on November 08, 2024 was 397.13K shares.
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GLOB) stock’s latest price update
Globant S.A (NYSE: GLOB) has experienced a rise in its stock price by 6.89 compared to its previous closing price of 218.92. However, the company has seen a gain of 11.49% in its stock price over the last five trading days. prnewswire.com reported 2024-11-07 that LUXEMBOURG, Nov. 7, 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 third quarter ended September 30th, 2024 on Thursday, November 14th, 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.
GLOB’s Market Performance
Globant S.A (GLOB) has seen a 11.49% rise in stock performance for the week, with a 10.56% gain in the past month and a 26.19% surge in the past quarter. The volatility ratio for the week is 2.92%, and the volatility levels for the past 30 days are at 2.59% for GLOB. The simple moving average for the past 20 days is 7.98% for GLOB’s stock, with a 18.61% simple moving average for the past 200 days.
Analysts’ Opinion of GLOB
Many brokerage firms have already submitted their reports for GLOB stocks, with Deutsche Bank repeating the rating for GLOB by listing it as a “Hold.” The predicted price for GLOB in the upcoming period, according to Deutsche Bank is $210 based on the research report published on August 22, 2024 of the current year 2024.
Needham gave a rating of “Buy” to GLOB, setting the target price at $245 in the report published on August 16th of the current year.
GLOB Trading at 13.93% 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 -6.96% of loss for the given period.
Volatility was left at 2.59%, however, over the last 30 days, the volatility rate increased by 2.92%, as shares surge +11.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.38% upper at present.
During the last 5 trading sessions, GLOB rose by +11.49%, which changed the moving average for the period of 200-days by +1.04% in comparison to the 20-day moving average, which settled at $216.71. In addition, Globant S.A saw -1.67% 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 GLOB starting from Martin Migoya, who proposed sale 10,000 shares at the price of $201.77 back on Sep 12 ’24. After this action, Martin Migoya now owns shares of Globant S.A, valued at $2,017,700 using the latest closing price.
Guibert Englebienne, the Affiliate of Globant S.A, proposed sale 30,000 shares at $199.00 during a trade that took place back on Sep 11 ’24, which means that Guibert Englebienne is holding shares at $5,970,000 based on the most recent closing price.
Stock Fundamentals for GLOB
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.33 for the gross margin
The net margin for Globant S.A stands at 0.07. The total capital return value is set at 0.12. Equity return is now at value 9.90, with 6.94 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 1.66. The debt to equity ratio resting at 0.09. The interest coverage ratio of the stock is 8.68.
Currently, EBITDA for the company is 379.64 million with net debt to EBITDA at 0.24. When we switch over and look at the enterprise to sales, we see a ratio of 4.47. The receivables turnover for the company is 3.55for trailing twelve months and the total asset turnover is 0.87. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.55.
Conclusion
In summary, Globant S.A (GLOB) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
