With 0.68 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.68 million shares. The 52-week range on GLOB shows that it touched its highest point at $238.32 and its lowest point at $130.06 during that stretch. It currently has a 1-year price target of $221.48. Beta for the stock currently stands at 1.45.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GLOB was down-trending over the past week, with a drop of -7.83%, but this was down by -38.03% over a month. Three-month performance dropped to -39.33% while six-month performance fell -30.88%. The stock lost -36.37% in the past year, while it has lost -37.15% so far this year. A look at the trailing 12-month EPS for GLOB yields 3.73 with Next year EPS estimates of 8.15. For the next quarter, that number is 1.60. This implies an EPS growth rate of 9.86% for this year and 15.95% for next year. EPS is expected to grow by 14.78% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 21.64%.
Float and Shares Shorts:
At present, 44.03 million GLOB shares are outstanding with a float of 43.06 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GLOB since 11 analysts follow the stock currently. There are 8 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $6.44931 being high and $6.38931 being low. For GLOB, this leads to a yearly average estimate of $6.40931. Based on analyst estimates, the high estimate for the next quarter is $1.74 and the low estimate is $1.65. The average estimate for the next quarter is thus $1.7.
