In the past week, GLP stock has gone up by 9.72%, with a monthly gain of 17.86% and a quarterly surge of 21.63%. The volatility ratio for the week is 5.58%, and the volatility levels for the last 30 days are 4.74% for Global Partners LP The simple moving average for the past 20 days is 13.43% for GLP’s stock, with a 22.05% simple moving average for the past 200 days.
Is It Worth Investing in Global Partners LP (NYSE: GLP) Right Now?
Global Partners LP (NYSE: GLP) has a price-to-earnings ratio of 17.14x that is above its average ratio. Additionally, the 36-month beta value for GLP is 1.45. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for GLP is 29.50M and currently, short sellers hold a 2.27% ratio of that float. The average trading volume of GLP on January 31, 2025 was 80.85K shares.
GLP) stock’s latest price update
Global Partners LP (NYSE: GLP) has seen a rise in its stock price by 6.76 in relation to its previous close of 53.10. However, the company has experienced a 9.72% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2025-01-30 that Dr. Reddy’s Lab is undervalued due to exaggerated concerns about Revlimid revenue decline and the underappreciated potential of new high-growth products like biosimilars and GLP-1 drugs. Despite the anticipated Revlimid revenue drop, RDY’s new product launches in biosimilars and GLP-1 segments are expected to offset losses, driving future growth. RDY’s current P/E ratio of 17.7x is near historical lows; a conservative 23x PE, which is equal to the peer median and slightly lower than the median of the historical range.
Analysts’ Opinion of GLP
Many brokerage firms have already submitted their reports for GLP stocks, with Stifel repeating the rating for GLP by listing it as a “Buy.” The predicted price for GLP in the upcoming period, according to Stifel is $35 based on the research report published on November 08, 2022 of the previous year 2022.
Barclays, on the other hand, stated in their research note that they expect to see GLP reach a price target of $21. The rating they have provided for GLP stocks is “Underweight” according to the report published on August 09th, 2021.
Barclays gave a rating of “Equal Weight” to GLP, setting the target price at $12 in the report published on March 24th of the previous year.
GLP Trading at 10.66% from the 50-Day Moving Average
After a stumble in the market that brought GLP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.53% of loss for the given period.
Volatility was left at 4.74%, however, over the last 30 days, the volatility rate increased by 5.58%, as shares surge +22.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.23% upper at present.
During the last 5 trading sessions, GLP rose by +9.72%, which changed the moving average for the period of 200-days by +23.75% in comparison to the 20-day moving average, which settled at $49.98. In addition, Global Partners LP saw 21.78% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GLP starting from Global GP LLC, who purchase 3,000 shares at the price of $49.39 back on Dec 24 ’24. After this action, Global GP LLC now owns 327,307 shares of Global Partners LP, valued at $148,170 using the latest closing price.
Global GP LLC, the General Partner of Global Partners LP, purchase 3,000 shares at $47.35 during a trade that took place back on Dec 23 ’24, which means that Global GP LLC is holding 324,307 shares at $142,050 based on the most recent closing price.
Stock Fundamentals for GLP
Current profitability levels for the company are sitting at:
- 0.01 for the present operating margin
- 0.03 for the gross margin
The net margin for Global Partners LP stands at 0.01. The total capital return value is set at 0.1. Equity return is now at value 17.07, with 3.80 for asset returns.
Based on Global Partners LP (GLP), the company’s capital structure generated 0.74 points at debt to capital in total, while cash flow to debt ratio is standing at 0.07. The debt to equity ratio resting at 2.81. The interest coverage ratio of the stock is 2.26.
Currently, EBITDA for the company is 356.36 million with net debt to EBITDA at 4.95. When we switch over and look at the enterprise to sales, we see a ratio of 0.18. The receivables turnover for the company is 45.61for trailing twelve months and the total asset turnover is 5.87. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.14.
Conclusion
In conclusion, Global Partners LP (GLP) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
