Globant S.A (NYSE: GLOB) is -14.58% 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 $228.79 in the last trading session, with the day’s loss setting it -25.5%.
Currently trading at $203.29, the stock is -7.95% and -2.72% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.35 million and changing -11.15% at the moment leaves the stock 3.23% off its SMA200. GLOB registered 9.34% gain for a year compared to 6-month gain of 21.19%. The firm has a 50-day simple moving average (SMA 50) of $208.9662 and a 200-day simple moving average (SMA200) of $196.9341.
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The stock witnessed a -6.10% loss in the last 1 month and extending the period to 3 months gives it a 0.65%, and is -12.13% 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 3.48% over the week and 2.83% over the month.
Globant S.A (GLOB) has around 29150 employees, a market worth around $7.82B and $2.35B in sales. Current P/E ratio is 53.01 and Fwd P/E is 27.68. Profit margin for the company is 7.20%. Distance from 52-week low is 34.03% and -19.17% from its 52-week high. The company has generated returns on investments over the last 12 months (8.55%).
with sales reaching $645.72M over the same period.The EPS is expected to grow by 11.33% this year, but quarterly earnings will post 15.41% year-over-year. Quarterly sales are estimated to grow 11.20% in year-over-year returns.
Globant S.A (GLOB) Top Institutional Holders
The shares outstanding are 43.30M, and float is at 43.30M with Short Float at 5.99%.
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
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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).
