The price-to-earnings ratio for Globant S.A (NYSE: GLOB) is above average at 53.55x, Company’s 36-month beta value is 1.38.Analysts have differing opinions on the stock, with 9 analysts rating it as a “buy,” 7 as “overweight,” 7 as “hold,” and 1 as “sell.”
The public float for GLOB is 43.30M, and currently, short sellers hold a 5.99% ratio of that floaft. The average trading volume of GLOB on November 15, 2024 was 409.68K shares.
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GLOB) stock’s latest price update
The stock price of Globant S.A (NYSE: GLOB) has dropped by -10.16 compared to previous close of 228.79. Despite this, the company has seen a fall of -11.16% in its stock price over the last five trading days. zacks.com reported 2024-11-15 that GLOB’s Q3 2024 performance benefits from continued investments in artificial intelligence innovations and expanded market footprint.
GLOB’s Market Performance
Globant S.A (GLOB) has experienced a -11.16% fall in stock performance for the past week, with a -5.06% drop in the past month, and a 1.76% rise in the past quarter. The volatility ratio for the week is 2.34%, and the volatility levels for the past 30 days are at 2.57% for GLOB.. The simple moving average for the past 20 days is -6.97% for GLOB’s stock, with a 4.36% 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 -1.66% 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 -18.28% of loss for the given period.
Volatility was left at 2.57%, however, over the last 30 days, the volatility rate increased by 2.34%, as shares sank -7.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.60% upper at present.
During the last 5 trading sessions, GLOB fell by -11.01%, which changed the moving average for the period of 200-days by -15.83% in comparison to the 20-day moving average, which settled at $220.97. In addition, Globant S.A saw -13.63% 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:
- 0.1 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 0.11. 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 0.07 points at debt to capital in total, while cash flow to debt ratio is standing at 2.08. The debt to equity ratio resting at 0.07. The interest coverage ratio of the stock is 8.42.
Currently, EBITDA for the company is 361.54 million with net debt to EBITDA at 0.23. When we switch over and look at the enterprise to sales, we see a ratio of 3.92. 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 a nutshell, Globant S.A (GLOB) has experienced a mixed performance in recent times. The stock has received mixed “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.
