Globus Maritime Limited (NASDAQ:GLBS) traded at $5.4 at last check on Monday, May 03, made an upward move of 9.97% on its previous day’s price.
Looking at the stock we see that its previous close was $4.91 and the beta (5Y monthly) reads 0.73. The company has a trailing 12-month PE ratio of 0. In terms of its 52-week price range, GLBS has a high of $92 and a low of $3.86. The company’s stock has gained about 4.47% over that past 30 days.
On the other hand, looking at the outlook for the GLBS stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Based on estimates by 1 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, none have rated the Globus Maritime Limited (GLBS) stock as a Hold, while 1 rate it as a Buy. None analyst(s) rate it as outperform while none of them rated it as underperform, whereas none suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the GLBS stock currently stands at 0, and the most recent price level today is 22.08% off its SMA20 and 12.75% from its 50-day simple moving average. The RSI (14) is pointing at 66.91 while the volatility over the past week is 6.24% and jumps to 6.9% over the past one month. The beta value is 0.73, while the average true range (ATR) is currently pointing at 0.33. The average price target for the stock over the next 12 months is $20000, with the estimates having a low of $20000 and a high of $20000. These price ends are 370270.4% and +370270.4% off the today’s price level respectively, although investors could be excited at the prospect of a +370270.4% if the GLBS share price touches on the median price of $20000.
Let’s briefly compare Globus Maritime Limited (GLBS) stock to its peers. We find that today’s price change of +9.97% and -93.17% over the past 12 months for GLBS competes that of Kirby Corp (KEX), which has seen its stock price rise 0.82% in the latest trading session and is +19.24% over the last one year. Another of its peers Euronav NV (EURN) has climbed 2.52% today, but was -20.3% down over the past year, while Star Bulk Carriers (SBLK) is also up 9.97% yet, while its price remains in the red at -93.17% over the same period. Globus Maritime Limited has a P/E ratio of 0 compared to Kirby Corp’s 53.53 and Euronav NV’s 3.79. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.42% and 0.89%, respectively, in early deals.
Coming back to Globus Maritime Limited (NASDAQ:GLBS), we note that the average 3-month trading volume was 1.57 Million, while that of the preceding 10-day period stands at 566.83 Million. Current shares outstanding are 10.57 Million.
According to data from Thomson Reuters, insiders hold 1.76% of the company’s shares while institutions hold 4.67%. The data shows that short shares as of April 14, 2021, stood at 1.12 Million at a short ratio of 1.82. This represents a 10.57% short interest in shares outstanding on April 14, 2021. Shares short dropped in April from the previous month at 1.36 Million. Investors should be worried about this stock as its upside potential is weak, with today’s price pushing the stock -14.01% down in year-to-date price movement.