Globant S.A. (NYSE: GLOB) is -9.03% 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 $216.36 in the last trading session, with the day’s gains setting it 0.13%.
Currently trading at $216.49, the stock is 7.10% and 8.80% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.64 million and changing 0.06% at the moment leaves the stock 9.28% off its SMA200. GLOB registered 8.79% gain for a year compared to 6-month gain of 20.59%. The firm has a 50-day simple moving average (SMA 50) of $198.9768 and a 200-day simple moving average (SMA200) of $198.09935.
The stock witnessed a 13.27% loss in the last 1 month and extending the period to 3 months gives it a 11.39%, and is 3.20% 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 2.76% over the week and 2.89% over the month.
Globant S.A. (GLOB) has around 29150 employees, a market worth around $9.37B and $2.28B in sales. Current P/E ratio is 56.41 and Fwd P/E is 29.24. Profit margin for the company is 7.39%. Distance from 52-week low is 42.73% and -13.92% from its 52-week high. The company has generated returns on investments over the last 12 months (9.05%).
The EPS is expected to grow by 11.25% this year
The shares outstanding are 43.30M, and float is at 43.30M with Short Float at 5.53%.
The top institutional shareholder in the company is PRICE T ROWE ASSOCIATES INC /MD/ with over 4.67 million shares valued at $833.29 million. The investor’s holdings represent 10.8451 of the GLOB Shares outstanding. As of 2024-06-30, the second largest holder is WASATCH ADVISORS LP with 3.39 million shares valued at $604.53 million to account for 7.8679 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 2.79 million shares representing 6.4701 and valued at over $497.13 million, while JPMORGAN CHASE & CO holds 5.1394 of the shares totaling 2.22 million with a market value of $394.89 million.
Globant S.A. (GLOB) Insider Activity
Still, SEC filings show that on Aug 28 ’24, Tartara Diego (Officer) Proposed Sale 1,500 shares at an average price of $202.64 for $0.3 million. The insider now directly holds shares of Globant S.A. (GLOB).
