Why Today Is the Best Time to Buy Globus Maritime Limited [GLBS] Stock at $7.42

In a recent bid Globus Maritime Limited [GLBS] faced a contemporary bid of $7.42 yielding a 12.76% incline where 0.93 million shares have exchanged hands over the last week. GLBS amount got a fall by -28.85% or -$3.01 versus $10.43 at the end of the prior session. This change led market cap to move at 15.96M, putting the price 11.25% below the 52-week high and -94.90% above the 52-week low. The company’s stock has a normal trading capacity of 0.93 million shares while the relative volume is 5.57.

On 7, December 2020, Globus Maritime Limited Announces Pricing of $12.0 Million Registered Direct Offering. According to news published on Yahoo Finance, Globus Maritime Limited (the “Company” or “Globus”) (NASDAQ: GLBS) announced today that it has entered into a securities purchase agreement with certain unaffiliated institutional investors to issue approximately 1.41 million of its common shares (or pre-funded warrants in lieu thereof) and warrants to purchase up to an aggregate of 1.27 million common shares at a purchase price of $8.50 per common share and accompanying warrant (or $8.49 per pre-funded warrant and accompanying warrant) in a registered direct offering. The warrants will have an exercise price of $8.50 per share, are exercisable immediately and will expire five and a half years following the date of issuance.

Analyst Birdseye View:

The most recent analyst activity for Globus Maritime Limited [NASDAQ:GLBS] stock was on September 12, 2012, when it was Reiterated with a Hold rating from Wunderlich, which also lowered its 12-month price target on the stock from $4.50 to $3.50. Before that, on April 14, 2014, Wunderlich Recapitulated a Buy rating and elevated its amount target to $5. On May 16, 2012, Wunderlich Downgrade a Hold rating and plunged its price target on this stock from $8 to $4.50. On October 07, 2011, Wunderlich Initiated a Buy rating and increased its price target to $8.

In the past 52 weeks of trading, this stock has oscillated between a low of $6.67 and a peak of $145.50. Right now, the middling Wall Street analyst 12-month amount mark is $20000.00. At the most recent market close, shares of Globus Maritime Limited [NASDAQ:GLBS] were valued at $7.42.

FUNDAMENTAL ANALYSIS

Globus Maritime Limited [NASDAQ:GLBS] most recently reported quarterly sales of 2.3 billion, which represented growth of -32.40%. This publicly-traded organization’s revenue is $1,041,533 per employee, while its income is -$2,423,400 per employee. This company’s Gross Margin is currently 13.40%, its Pretax Margin is -232.68, and its Net Margin is -232.68. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -51.08, -142.75, -5.98 and -81.28 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 79.55 and the whole liability to whole assets at 69.04. It shows enduring liability to the whole principal at 76.64 and enduring liability to assets at 0.67 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 9.33 points at 1st support level, the second support level is making up to 8.24. But as of 1st resistance point, this stock is sitting at 11.19 and at 11.96 for 2nd resistance point.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Globus Maritime Limited [NASDAQ:GLBS] is 2.20. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.41. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.26 and it’s amount to book ratio is 0.52.