Globant S.A (NYSE: GLOB) is -37.66% lower on its value in year-to-date trading and has touched a low of $96.23 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 $140.36 in the last trading session, with the day’s loss setting it -6.69%.
Currently trading at $133.67, the stock is 11.61% and 9.89% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.18 million and changing -4.77% at the moment leaves the stock -27.93% off its SMA200. GLOB registered -22.80% loss for a year compared to 6-month loss of -42.22%.
The stock witnessed a 23.75% gain in the last 1 month and extending the period to 3 months gives it a -38.90%, and is 8.67% 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 5.13% over the week and 3.59% over the month.
Globant S.A (GLOB) has around 31280 employees, a market worth around $5.89B and $2.42B in sales. Current P/E ratio is 35.85 and Fwd P/E is 17.28. Profit margin for the company is 6.86%. Distance from 52-week low is 38.91% and -43.91% 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 6.47% this year
The shares outstanding are 44.03M, and float is at 43.06M with Short Float at 5.79%.
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 10.8098 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).
