In the past week, GL stock has gone down by -6.96%, with a monthly gain of 0.18% and a quarterly plunge of -0.86%. The volatility ratio for the week is 1.87%, and the volatility levels for the last 30 days are 2.33% for Globe Life Inc The simple moving average for the past 20 days is -5.43% for GL’s stock, with a 5.64% simple moving average for the past 200 days.
Is It Worth Investing in Globe Life Inc (NYSE: GL) Right Now?
Globe Life Inc (NYSE: GL) has a higher price-to-earnings ratio of 8.77x compared to its average ratio, The 36-month beta value for GL is at 0.81. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 3 rating it as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for GL is 83.43M, and currently, shorts hold a 2.41% of that float. The average trading volume for GL on December 04, 2024 was 677.67K shares.
GL) stock’s latest price update
The stock price of Globe Life Inc (NYSE: GL) has plunged by -5.31 when compared to previous closing price of 109.49, but the company has seen a -6.96% decline in its stock price over the last five trading sessions. zacks.com reported 2024-12-03 that Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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 -4.06% 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 -21.45% of loss for the given period.
Volatility was left at 2.33%, however, over the last 30 days, the volatility rate increased by 1.87%, as shares sank -2.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.87% lower at present.
During the last 5 trading sessions, GL fell by -8.67%, which changed the moving average for the period of 200-days by -19.13% in comparison to the 20-day moving average, which settled at $109.54. In addition, Globe Life Inc saw -14.82% 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 Frank M. Svoboda, who proposed sale 16,250 shares at the price of $110.04 back on Dec 03 ’24. After this action, Frank M. Svoboda now owns shares of Globe Life Inc, valued at $1,788,150 using the latest closing price.
Robert Brian Mitchell, the Officer of Globe Life Inc, proposed sale 8,000 shares at $110.20 during a trade that took place back on Nov 07 ’24, which means that Robert Brian Mitchell is holding shares at $881,600 based on the most recent closing price.
Stock Fundamentals for GL
Current profitability levels for the company are sitting at:
- 0.56 for the present operating margin
- 0.93 for the gross margin
The net margin for Globe Life Inc stands at 0.19. The total capital return value is set at 0.11. Equity return is now at value 23.55, with 3.91 for asset returns.
Based on Globe Life Inc (GL), the company’s capital structure generated 0.37 points at debt to capital in total, while cash flow to debt ratio is standing at 0.53. The debt to equity ratio resting at 0.6. The interest coverage ratio of the stock is 27.48.
When we switch over and look at the enterprise to sales, we see a ratio of 2.0. The receivables turnover for the company is 8.79for trailing twelve months and the total asset turnover is 0.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.81.
Conclusion
In conclusion, Globe Life Inc (GL) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
