Globant S.A (NYSE: GLOB) is -1.98% lower on its value in year-to-date trading and has touched a low of $151.68 and a high of $238.32 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 $217.61 in the last trading session, with the day’s loss setting it -7.44%.
Currently trading at $210.17, the stock is -1.96% and -2.76% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.23 million and changing -3.42% at the moment leaves the stock 5.16% off its SMA200. GLOB registered -6.19% loss for a year compared to 6-month gain of 4.05%.
The stock witnessed a -0.19% loss in the last 1 month and extending the period to 3 months gives it a 3.38%, and is -3.94% 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 3.59% over the week and 3.12% over the month.
Globant S.A (GLOB) has around 29150 employees, a market worth around $9.10B and $2.35B in sales. Current P/E ratio is 54.81 and Fwd P/E is 24.51. Profit margin for the company is 7.20%. Distance from 52-week low is 38.56% and -11.81% from its 52-week high. The company has generated returns on investments over the last 12 months (8.55%).
with sales reaching $644.42M over the same period.The EPS is expected to grow by 14.25% this year, but quarterly earnings will post 15.36% year-over-year. Quarterly sales are estimated to grow 10.97% in year-over-year returns.
The shares outstanding are 43.30M, and float is at 43.28M with Short Float at 4.61%.
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 7.8422 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 5.1226 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 Dec 11 ’24, WANDA WEIGERT (Officer) Proposed Sale 7,500 shares at an average price of $221.86 for $1.66 million. The insider now directly holds shares of Globant S.A (GLOB).
