Beyond market trends, investors looking for superior returns explore the world of stock picking. The right selections can be a powerful driver for wealth accumulation.
In the latest session, Globant S.A. (NYSE: GLOB) closed at $173.18 down -9.35% from its previous closing price of $191.05. In other words, the price has decreased by -$9.35 from its previous closing price. On the day, 1.13 million shares were traded. GLOB stock price reached its highest trading level at $179.98 during the session, while it also had its lowest trading level at $172.26.
Ratios:
For a deeper understanding of Globant S.A.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 22.92 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 27.81. For the most recent quarter (mrq), Quick Ratio is recorded 1.36 and its Current Ratio is at 1.36. In the meantime, Its Debt-to-Equity ratio is 0.16 whereas as Long-Term Debt/Eq ratio is at 0.04.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Guggenheim on March 19, 2024, initiated with a Buy rating and assigned the stock a target price of $250.
On January 30, 2024, Mizuho started tracking the stock assigning a Buy rating and target price of $283.
On December 06, 2023, Canaccord Genuity started tracking the stock assigning a Hold rating and target price of $230.Canaccord Genuity initiated its Hold rating on December 06, 2023, with a $230 target price.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GLOB now has a Market Capitalization of 7471469568 and an Enterprise Value of 8241673216. As of this moment, Globant’s Price-to-Earnings (P/E) ratio for their current fiscal year is 47.60, and their Forward P/E ratio for the next fiscal year is 22.12. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.57 while its Price-to-Book (P/B) ratio in mrq is 4.31. Its current Enterprise Value per Revenue stands at 3.932 whereas that against EBITDA is 26.351.
Stock Price History:
Over the past 52 weeks, GLOB has reached a high of $251.50, while it has fallen to a 52-week low of $135.40. The 50-Day Moving Average of the stock is -12.73%, while the 200-Day Moving Average is calculated to be -15.25%.
Shares Statistics:
For the past three months, GLOB has traded an average of 463.12K shares per day and 423160 over the past ten days. A total of 43.09M shares are outstanding, with a floating share count of 42.28M. Insiders hold about 2.23% of the company’s shares, while institutions hold 92.93% stake in the company. Shares short for GLOB as of 1713139200 were 890976 with a Short Ratio of 1.92, compared to 1710460800 on 1058717. Therefore, it implies a Short% of Shares Outstanding of 890976 and a Short% of Float of 2.11.
