Globant S.A. (NYSE: GLOB) is -18.33% lower on its value in year-to-date trading and has touched a low of $151.68 and a high of $251.50 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 $191.16 in the last trading session, with the day’s gains setting it 3.21%.
Currently trading at $194.37, the stock is 1.98% and 8.29% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.53 million and changing 1.68% at the moment leaves the stock -3.04% off its SMA200. GLOB registered 13.59% gain for a year compared to 6-month loss of -17.00%.
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The stock witnessed a -0.92% gain in the last 1 month and extending the period to 3 months gives it a 9.03%, and is 5.66% up 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 2.47% over the week and 3.37% over the month.
Globant S.A. (GLOB) has around 29150 employees, a market worth around $8.42B and $2.19B in sales. Current P/E ratio is 50.91 and Fwd P/E is 26.07. Profit margin for the company is 7.62%. Distance from 52-week low is 28.14% and -22.72% from its 52-week high. The company has generated returns on investments over the last 12 months (9.16%).
The EPS is expected to grow by 10.51% this year
The shares outstanding are 43.09M, and float is at 42.33M with Short Float at 5.07%.
The top institutional shareholder in the company is PRICE T ROWE ASSOCIATES INC /MD/ with over 3.73 million shares valued at $$752.32 million. The investor’s holdings represent 8.6704 of the GLOB Shares outstanding. As of 2024-03-31, the second largest holder is WASATCH ADVISORS LP with 3.34 million shares valued at $$673.69 million to account for 7.7642 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 2.91 million shares representing 6.7695 and valued at over $$587.38 million, while JPMORGAN CHASE & CO holds 5.3686 of the shares totaling 2.31 million with a market value of $$465.82 million.
