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Globant S.A. (GLOB) on Track to Reach $273.50 in a Year

Globant S.A. (NYSE: GLOB) is -45.95% lower on its value in year-to-date trading and has touched a low of $159.56 and a high of $354.62 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GLOB stock was last observed hovering at around $176.28 in the last trading session, with the day’s loss setting it -6.51% off its average median price target of $273.50 for the next 12 months. It is also 46.95% off the consensus price target high of $320.00 offered by 12 analysts, but current levels are 23.87% higher than the price target low of $223.00 for the same period.

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Currently trading at $169.77, the stock is -6.69% and -9.52% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.24 million and changing -3.69% at the moment leaves the stock -31.93% off its SMA200. GLOB registered -23.15% loss for a year compared to 6-month loss of -36.10%. The firm has a 50-day simple moving average (SMA 50) of $5.35 and a 200-day simple moving average (SMA200) of $48.89.

The stock witnessed a -4.67% gain in the last 1 month and extending the period to 3 months gives it a -29.62%, and is -8.14% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.73% over the week and 4.89% over the month.

Globant S.A. (GLOB) has around 24500 employees, a market worth around $6.93B and $1.43B in sales. Current P/E ratio is 64.95 and Fwd P/E is 26.91. Profit margin for the company is 7.80%. Distance from 52-week low is 6.40% and -52.13% from its 52-week high. The company has generated returns on investments over the last 12 months (8.00%).

Globant S.A. (GLOB) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Globant S.A. (GLOB) is a “Buy”. 12 analysts offering their recommendations for the stock have an average rating of 1.70, where 0 rate it as a Hold and 1 think it is a “Overweight”. 11 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Globant S.A. is expected to release its quarterly report on 11/17/2022.The EPS is expected to grow by 67.30% this year.

Globant S.A. (GLOB) Top Institutional Holders

The shares outstanding are 41.75M, and float is at 40.42M with Short Float at 2.12%.

Globant S.A. (GLOB): Who are the competitors?

The company’s main competitors (and peers) include NetScout Systems Inc. (NTCT) that is trading 6.85% up over the past 12 months and Workiva Inc. (WK) that is -49.12% lower over the same period.

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