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Trade-Ideas LLC identified

Globant

(

GLOB

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Globant as such a stock due to the following factors:

  • GLOB has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $8.9 million.
  • GLOB has traded 22,707 shares today.
  • GLOB is trading at a new lifetime high.

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More details on GLOB:

Globant S.A. develops software solutions in the United States, Europe, and Latin America. GLOB has a PE ratio of 41. Currently there are 5 analysts that rate Globant a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Recommends

The average volume for Globant has been 223,600 shares per day over the past 30 days. Globant has a market cap of $1.3 billion and is part of the technology sector and computer software & services industry. Shares are up 7% year-to-date as of the close of trading on Tuesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Globant as a

hold

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we find that the company's return on equity has been disappointing.

Highlights from the ratings report include:

  • The revenue growth came in higher than the industry average of 9.9%. Since the same quarter one year prior, revenues rose by 34.5%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • GLOB's debt-to-equity ratio is very low at 0.00 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Along with this, the company maintains a quick ratio of 2.72, which clearly demonstrates the ability to cover short-term cash needs.
  • GLOBANT SA's earnings per share improvement from the most recent quarter was slightly positive. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. This trend suggests that the performance of the business is improving. During the past fiscal year, GLOBANT SA increased its bottom line by earning $0.91 versus $0.75 in the prior year. This year, the market expects an improvement in earnings ($1.16 versus $0.91).
  • 44.84% is the gross profit margin for GLOBANT SA which we consider to be strong. It has increased from the same quarter the previous year. Regardless of the strong results of the gross profit margin, the net profit margin of 10.82% trails the industry average.
  • The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. Compared to other companies in the Software industry and the overall market, GLOBANT SA's return on equity exceeds that of both the industry average and the S&P 500.

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