Group One Trading LP recently announced the acquisition of new stake in Globus Maritime Limited (NASDAQ:GLBS). The institutional investor has increased its shareholding in the Industrials company by 36.88% to 69485.0 shares with purchase of 18722.0 shares. This fresh investment now brings its stake to 0.34% valued currently at $72959.0. In addition, Susquehanna Financial Group LLLP raised its holdings by 7500.0 to 65765.0 shares.
With over 96087.0 Globus Maritime Limited (GLBS) shares trading Tuesday and a closing price of $1.20 on the day, the dollar volume was approximately $0.12 million. The shares have shown a negative half year performance of -25.93% and its price on 01/24/23 gained nearly 4.35%. Currently, there are 20.58M common shares owned by the public and among those 17.56M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for GLBS have a consensus price objective of $3.50. The analysts have set the share’s price value over the next 12 months at a high of $3.50 and a low of $3.50. The average price target is 65.71% above its recent price level and an upside to the estimated low will see the stock gain 65.71% over that period. But an upside of 65.71% will see the stock hit the forecast high price target while median target price for the stock is $3.50.
Auer Growth Fund owns 88000.0 shares of the company’s stock, all valued at over $92400.0. Pharus SICAV – Dynamic Allocation sold 6320.0 shares to see its total holdings shrink to 0.0 shares valued at over $0.0 and representing 0.00% of the shares outstanding.
Shares of Globus Maritime Limited (NASDAQ: GLBS) opened at $1.18, up $0.03 from a prior closing price of $1.15. However, the script later moved the day high at 1.2100, up 4.35%. The company’s stock has a 5-day price change of 0.00% and -8.40% over the past three months. GLBS shares are trading 14.29% year to date (YTD), with the 12-month market performance down to -30.64% lower. It has a 12-month low price of $1.03 and touched a high of $2.66 over the same period. GLBS has an average intraday trading volume of 135.80K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.23%, 0.51%, and -26.15% respectively.
Institutional ownership of Globus Maritime Limited (NASDAQ: GLBS) shares accounts for 10.60% of the company’s 20.58M shares outstanding. Mutual fund holders own 0.43%, while other institutional holders and individual stakeholders account for 4.32% and — respectively.
It has a market capitalization of $24.26M and a beta (3y monthly) value of 0.21. The stock’s trailing 12-month PE ratio is 0.66, while the earnings-per-share (ttm) stands at $1.82. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.05% over the week and 4.18% over the month.
Analysts forecast that Globus Maritime Limited (GLBS) will achieve an EPS of $0.21 for the current quarter, $0 for the next quarter and $1.32 for 2023. The lowest estimate earnings-per-share for the quarter is $0.21 while analysts give the company a high EPS estimate of $0.21. Comparatively, EPS for the current quarter was $0.27 a year ago. Earnings per share for the fiscal year are expected to increase by 105.60%, and -58.46% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate Globus Maritime Limited (GLBS) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the GLBS, a number of firms have released research notes about the stock. Wunderlich stated their Buy rating for the stock in a research note on April 14, 2014, with the firm’s price target at $4-$5. Wunderlich coverage for the Globus Maritime Limited (GLBS) stock in a research note released on September 12, 2012 offered a Hold rating with a price target of $3.50. Wunderlich was of a view on May 16, 2012 that the stock is Hold, while Wunderlich gave the stock Buy rating on October 07, 2011, issuing a price target of $8.
