Globant S.A (NYSE: GLOB) is -56.52% lower on its value in year-to-date trading and has touched a low of $82.39 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 $84.61 in the last trading session, with the day’s gains setting it 0.56%.
Currently trading at $85.17, the stock is -4.22% and -15.15% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.12 million and changing 0.66% at the moment leaves the stock -48.07% off its SMA200. GLOB registered -60.28% loss for a year compared to 6-month loss of -58.98%. The firm has a 50-day simple moving average (SMA 50) of $102.422 and a 200-day simple moving average (SMA200) of $165.6968.
The stock witnessed a -11.11% gain in the last 1 month and extending the period to 3 months gives it a -21.37%, and is -2.65% 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 2.99% over the week and 3.47% over the month.
Globant S.A (GLOB) has around 31280 employees, a market worth around $3.75B and $2.46B in sales. Current P/E ratio is 25.16 and Fwd P/E is 12.79. Profit margin for the company is 6.16%. Distance from 52-week low is 3.37% and -64.26% from its 52-week high. The company has generated returns on investments over the last 12 months (6.24%).
The EPS is expected to shrink by -3.90% this year
549.0 institutions hold shares in Globant S.A (GLOB), with institutional investors hold 102.50% of the company’s shares. The shares outstanding are 43.87M, and float is at 43.05M with Short Float at 7.91%. Institutions hold 100.25% 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 10.8098 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.
