Globant S.A. (NYSE:GLOB) shares, rose in value on Friday, 05/13/22, with the stock price up by 8.61% to the previous day’s close as strong demand from buyers drove the stock to $186.73.
Actively observing the price movement in the last trading, the stock closed the session at $171.92, falling within a range of $173.95 and $188.41. The value of beta (5-year monthly) was 1.46 whereas the PE ratio was 81.94 over 12-month period. Referring to stock’s 52-week performance, its high was $354.62, and the low was $159.56. On the whole, GLOB has fluctuated by -23.56% over the past month.
With the market capitalization of Globant S.A. currently standing at about $8.15 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 19, 2022. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $1.16, which is expected to increase to $1.21 for fiscal year $4.96 and then to about $6.21 by fiscal year 2023. Data indicates that the EPS growth is expected to be 31.90% in 2023, while the next year’s EPS growth is forecast to be 25.20%.
Analysts have estimated the company’s revenue for the quarter at $397.75 million, with a low estimate of $394.4 million and a high estimate of $405.3 million. According to the average forecast, sales growth in current quarter could jump up 47.20%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $1.77 billion, representing an increase of 36.20% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that GLOB’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of GLOB currently trading nearly -11.11% and -20.39% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 37.95, while the 7-day volatility ratio is showing 8.55% which for the 30-day chart, stands at 6.14%. Furthermore, Globant S.A. (GLOB)’s beta value is 1.52, and its average true range (ATR) is 12.84.
A comparison of Globant S.A. (GLOB) with its peers suggests the former has fared considerably weaker in the market. GLOB showed an intraday change of 8.61% in last session, and over the past year, it shrunk by -13.13%%. In comparison, NetScout Systems Inc. (NTCT) has moved higher at 4.17% on the day and was up 24.99% over the past 12 months. On the other hand, the price of Workiva Inc. (WK) has risen 5.22% on the day. The stock, however, is off -20.76% from where it was a year ago. The PE ratio stands at 81.94 for Globant S.A., compared to 46.44 for NetScout Systems Inc. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 2.39%. Meanwhile, the Dow Jones Industrial Improved by 1.47%.
Data on historical trading for Globant S.A. (NYSE:GLOB) indicates that the trading volumes over the past 3 months, they’ve averaged 348.24K. According to company’s latest data on outstanding shares, there are 41.70 million shares outstanding.
Nearly 1.98% of Globant S.A.’s shares belong to company insiders and institutional investors own 97.10% of the company’s shares. The stock has fallen by -40.55% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GLOB stock heading into the next quarter.