Globant S.A (NYSE: GLOB) is -41.05% lower on its value in year-to-date trading and has touched a low of $124.53 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 $127.39 in the last trading session, with the day’s loss setting it -0.99%.
Currently trading at $126.40, the stock is -6.65% and -28.36% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.11 million and changing -0.78% at the moment leaves the stock -35.48% off its SMA200. GLOB registered -36.13% loss for a year compared to 6-month loss of -35.72%. The firm has a 50-day simple moving average (SMA 50) of $176.4456 and a 200-day simple moving average (SMA200) of $195.9143.
The stock witnessed a -17.29% gain in the last 1 month and extending the period to 3 months gives it a -42.43%, and is -2.14% 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 3.56% over the week and 4.25% over the month.
Globant S.A (GLOB) has around 31280 employees, a market worth around $5.57B and $2.42B in sales. Current P/E ratio is 33.90 and Fwd P/E is 15.59. Profit margin for the company is 6.86%. Distance from 52-week low is 1.50% and -46.96% from its 52-week high. The company has generated returns on investments over the last 12 months (7.07%).
The EPS is expected to grow by 9.41% this year
588.0 institutions hold shares in Globant S.A (GLOB), with institutional investors hold 109.42% of the company’s shares. The shares outstanding are 44.03M, and float is at 43.06M with Short Float at 6.22%. Institutions hold 107.01% of the Float.
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 6.449 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).
