Handle With Care: Globus Maritime Ltd (NASDAQ: GLBS)

Citadel Securities LLC recently announced the acquisition of new stake in Globus Maritime Ltd (NASDAQ:GLBS). This fresh investment now brings its stake to 0.10% valued currently at $41588.0. In addition, XTX Markets LLC raised its holdings by 10746.0 to 10746.0 shares. And JPMorgan Securities LLC has lifted its position by 1,695.63% or 5426.0 shares – to 5746.0 shares.

With over 0.46 million Globus Maritime Ltd (GLBS) shares trading Friday and a closing price of $2.97 on the day, the dollar volume was approximately $1.37 million. The shares have shown a positive half year performance of 221.64% and its price on 12/22/23 gained nearly 1.19%. Currently, there are 20.58M common shares owned by the public and among those 15.65M shares have been available to trade.

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Shares of Globus Maritime Ltd (NASDAQ: GLBS) opened at $2.96, up $0.03 from a prior closing price of $2.93. However, the script later moved the day high at 3.1500, up 1.19%. The company’s stock has a 5-day price change of 8.41% and 72.67% over the past three months. GLBS shares are trading 182.86% year to date (YTD), with the 12-month market performance up to 156.03% higher. It has a 12-month low price of $0.68 and touched a high of $2.94 over the same period. GLBS has an average intraday trading volume of 272.17K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 17.39%, 43.23%, and 126.63% respectively.

Institutional ownership of Globus Maritime Ltd (NASDAQ: GLBS) shares accounts for 0.55% of the company’s 20.58M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.

It has a market capitalization of $61.12M and a beta (3y monthly) value of 0.26. The stock’s trailing 12-month PE ratio is 35.11, while the earnings-per-share (ttm) stands at $0.08. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.08% over the week and 7.51% over the month.

Analysts forecast that Globus Maritime Ltd (GLBS) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for 2024. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was $0.21 a year ago. Earnings per share for the fiscal year are expected to decrease by -88.14%, and 92.86% 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 Ltd (GLBS) as a “Strong Buy” at a consensus score of 1.00. 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.

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