Globant S.A (NYSE:GLOB) shares, rose in value, with the stock price down by -0.62% to the previous day’s close as strong demand from buyers drove the stock to $105.93.
Actively observing the price movement in the last trading, the stock closed the session at $106.59, falling within a range of $105.24 and $107.75. The value of beta (5-year monthly) was 1.498 whereas the PE ratio was 28.41 over 12-month period. Referring to stock’s 52-week performance, its high was $238.32, and the low was $96.23. On the whole, GLOB has fluctuated by -20.84% over the past month.
With the market capitalization of Globant S.A currently standing at about $4.67 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-19.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.64B, with a low estimate of 606.16M and a high estimate of 624.99M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 621.83M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. 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 2.29, with the price of GLOB currently trading nearly -6.90% and -27.36% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 34.01, while the 7-day volatility ratio is showing 4.36% which for the 30-day chart, stands at 6.21%. Furthermore, Globant S.A (GLOB)’s beta value is 1.38, and its average true range (ATR) is 7.16.
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 -0.62% in last session, and over the past year, it shrunk by -42.89%%.
Data on historical trading for Globant S.A (NYSE:GLOB) indicates that the trading volumes over the past 10 days have averaged 1.03 and over the past 3 months, they’ve averaged 959.25K. According to company’s latest data on outstanding shares, there are 44.03 million shares outstanding.
Nearly 2.24% of Globant S.A’s shares belong to company insiders and institutional investors own 103.10% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.77 million shares as on 2025-03-31, resulting in a short ratio of 2.78. According to the data, the short interest in Globant S.A (GLOB) stood at 716.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 2.29 million. The stock has fallen by -50.60% 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.
