Globant S.A (NYSE: GLOB) is -7.78% 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 $219.54 in the last trading session, with the day’s loss setting it -0.08%.
Currently trading at $219.46, the stock is -1.70% and -0.80% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.1 million and changing -0.04% at the moment leaves the stock 11.82% off its SMA200. GLOB registered -6.00% loss for a year compared to 6-month gain of 23.88%. The firm has a 50-day simple moving average (SMA 50) of $221.0664 and a 200-day simple moving average (SMA200) of $196.2511.
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The stock witnessed a -4.27% loss in the last 1 month and extending the period to 3 months gives it a 13.76%, and is -3.29% 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 3.60% over the week and 2.80% over the month.
Globant S.A (GLOB) has around 29150 employees, a market worth around $9.50B and $2.35B in sales. Current P/E ratio is 57.23 and Fwd P/E is 29.89. Profit margin for the company is 7.20%. Distance from 52-week low is 44.69% and -12.74% from its 52-week high. The company has generated returns on investments over the last 12 months (8.55%).
with sales reaching $645.56M over the same period.The EPS is expected to grow by 11.54% this year, but quarterly earnings will post 15.42% year-over-year. Quarterly sales are estimated to grow 11.17% 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 4.77%.
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 Dec 11 ’24, Guibert Englebienne (Affiliate) Proposed Sale 10,000 shares at an average price of $223.10 for $2.23 million. The insider now directly holds shares of Globant S.A (GLOB).
