Currently, Globant S.A. [GLOB] is trading at $207.34, down -1.16%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The GLOB shares have gain 7.18% over the last week, with a monthly amount glided 5.01%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Globant S.A. [NYSE: GLOB] stock has seen the most recent analyst activity on August 22, 2024, when Deutsche Bank initiated its Hold rating and assigned the stock a price target of $210. Previously, UBS downgraded its rating to Neutral on August 20, 2024. On August 16, 2024, Needham reiterated its Buy rating and revised its price target to $245 on the stock. Goldman started tracking the stock assigning a Buy rating and suggested a price target of $200 on June 24, 2024. UBS upgraded its rating to a Buy and reduced its price target to $230 on May 28, 2024. Redburn Atlantic started tracking with a Sell rating for this stock on May 24, 2024, and assigned it a price target of $135. In a note dated May 17, 2024, Needham reiterated an Buy rating on this stock and revised its target price from $275 to $200.
This stock has fluctuated between a low of $151.68 and a high of $251.50 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $224.7 within the next 12 months. Globant S.A. [NYSE: GLOB] shares were valued at $207.34 at the most recent close of the market. An investor can expect a potential return of 8.37% based on the average GLOB price forecast.
Analyzing the GLOB fundamentals
Trailing Twelve Months sales for Globant S.A. [NYSE:GLOB] were 2.28B which represents 18.08% growth. Gross Profit Margin for this corporation currently stands at 0.33% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.1 and Total Capital is 0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.09.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 204.41 points at the first support level, and at 201.48 for the second support level. However, for the 1st resistance point, the stock is sitting at 210.98, and for the 2nd resistance point, it is at 214.62.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Globant S.A. [NYSE:GLOB] is 1.55. Also, the Quick Ratio is 1.55, while the Cash Ratio stands at 0.29. Considering the valuation of this stock, the price to sales ratio is 3.93, the price to book ratio is 5.03 and price to earnings (TTM) ratio is 54.02.
Transactions by insiders
Recent insider trading involved Martin Migoya, Affiliate, that happened on Sep 12 ’24 when 10000.0 shares were purchased. Affiliate, Guibert Englebienne completed a deal on Sep 11 ’24 to buy 30000.0 shares. Meanwhile, Officer Tartara Diego bought 1500.0 shares on Aug 28 ’24.
