60.7 F
New York
Wednesday, September 30, 2020

Globus Maritime Limited (NASDAQ:GLBS) Finding Zero Support

Must read

The Forecast Just Changed on SmileDirectClub Inc. (NASDAQ:SDC)

SmileDirectClub Inc. (SDC) shares are trading at higher $11.61 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

NortonLifeLock Inc. (NASDAQ:NLOK) Recent Earnings Shows Major Concern

NortonLifeLock Inc. (NLOK) shares are trading at lower $20.86 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

Abbott Laboratories (NYSE:ABT) is Holding Steady

Abbott Laboratories (ABT) shares are trading at higher $105.19 and the avg recommendation for the stock is Strong Buy, while the current analyst price...

Kimco Realty Corporation (NYSE:KIM) is Waving the Bear Flag

Kimco Realty Corporation (KIM) shares are trading at lower $11.28 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

The Globus Maritime Limited (GLBS) shares are trading at lower $0.15.

To add more color to this target, the company’s high over the last year is $3.01 and the low is $0.13. Over the last 52 weeks, GLBS is down -94.86% while the S&P 500 is up 1.23%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, GLBS reported a profit of $-2.79 million. Globus Maritime Limited also saw revenues decrease to $2.29 million. In addition, GLBS has free cash flow of -$1.98 million as of 03-2020. The company’s EBITDA came in at -$1.66 million which compares well with its peers.

GLBS Return on Equity (ROE) is -191.20%, and its Return on Assets is -64.20%. All told, it is clear that, GLBS needs to be on your watchlist.

Find out when GLBS reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. GLBS has a short ratio of 0.20 and outstanding shares of 92.26M.

Company Outlook

GLBS has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 26.43 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -10.18. Globus Maritime Limited GLBS also noted assets of $48.55 million at the end of the last quarter. Investors should also keep an eye on sector updates as GLBS has historically followed its peers on positive news.

All told, Globus Maritime Limited GLBS has strung together solid data and demonstrated underlying fundamentals. At its current valuation, GLBS represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Globus Maritime Limited GLBS is now commanding a market cap of 27.54M and a float of 6.06M. GLBS is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of GLBS stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in GLBS, either long or short, and we have not been compensated for this article.

Latest article

Investor Confidence is Falling for CTI BioPharma Corp. (NASDAQ:CTIC)

CTI BioPharma Corp. (CTIC) shares are trading at lower $1.05 and the avg recommendation for the stock is Moderate Buy. To add more color...

Companhia Energetica de Minas Gerais (NYSE:CIG) is Gaining Momentum on Earnings Catalyst

Companhia Energetica de Minas Gerais (CIG) shares are trading at lower $1.85 and the avg recommendation for the stock is Strong Buy, while the...

The Rejuvenation of CSX Corporation (NASDAQ:CSX)

CSX Corporation (CSX) shares are trading at lower $77.60 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

GrowGeneration Corp. (NASDAQ:GRWG) Recent Earnings Shows Major Promise

GrowGeneration Corp. (GRWG) shares are trading at higher $16.02 and the avg recommendation for the stock is Strong Buy, while the current analyst price...

The Unprecedented Rise of TherapeuticsMD Inc. (NASDAQ:TXMD)

TherapeuticsMD Inc. (TXMD) shares are trading at higher $1.61 and the avg recommendation for the stock is Moderate Buy. To add more color to...