Globus Maritime Ltd (NASDAQ:GLBS) saw an upside of 1.74% to $1.75 after adding $0.03 on Tuesday. The 5-day average trading volume is 648,586 shares of the company’s common stock. It has gained $1.7900 in the past week and touched a new high 5 times within the past 5 days. An average of 267,346 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 142,565.
GLBS’s 1-month performance is 92.73% or $0.8470 on its low of $0.8500 reached on 09/05/23. The company’s shares have touched a 52-week low of $0.68 and high of $1.74, with the stock’s rally to the 52-week high happening on 09/26/23. YTD, GLBS has achieved 66.67% or $0.7050 and has reached a new high 16 times. However, the current price is up 0.85% from the 52-week high price.
Valuation Metrics
GLBS stock has a beta of -0.10. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.89 while the price-to-book (PB) in the most recent quarter is 0.21.
Globus Maritime Ltd’s quick ratio for the period ended June 29 was 4.28, with the current ratio over the same period at 4.44. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.18, while the total debt to equity was 0.22. In terms of profitability, the gross margin trailing 12 months is 7.53%. The trailing 12-month EBITDA margin is 55.19% while for the period ending June 29, Globus Maritime Ltd’s operating margin was -2.96%. The firm’s gross profit as reported stood at $23.63 million against revenue of $61.76 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 38.43% to $24.28 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected GLBS to announce $0.38 per share in earnings in its latest quarter, but it posted -$0.06, representing a -115.80% surprise. EBITDA for the quarter stood at more than $0.91 million. GLBS stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 45.2 million, with total debt at $37.85 million.
Let’s look briefly at Globus Maritime Ltd (GLBS) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 93.14% to suggest the stock is trending Overbought, with historical volatility in this time period at 75.23%.
The stock’s 5-day moving average is $1.4790, reflecting a +48.73% or $0.5750 change from its current price. GLBS is currently trading +95.00% above its 20-day SMA, +77.25% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +100.11% and SMA200 by+59.55%.
Stochastic %K and %D was 98.36% and 97.29% and the average true range (ATR) pointed at 0.1076. The RSI (14) points at 89.81%, while the 14-day stochastic is at 96.24% with the period’s ATR at 0.0895. The stock’s 9-day MACD Oscillator is pointing at 0.3724 and 0.5062 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Globus Maritime Ltd (NASDAQ: GLBS), Wunderlich upgraded it to a Buy rating. They previously had a Hold rating on the stock. Analysts offering their rating for GLBS stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate GLBS as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
What is GLBS’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $3.50 and a high of $3.50, with their median price target at $3.50. Looking at these predictions, the average price target given by analysts is for Globus Maritime Ltd (GLBS) stock is $3.50.
