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Thursday, December 3, 2020

The Unprecedented Rise of Globus Maritime Limited (NASDAQ:GLBS)

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Globus Maritime Limited (GLBS) shares are trading at higher $0.14.

To add more color to this target, the company’s high over the last year is $3.01 and the low is $0.12. Over the last 52 weeks, GLBS is down -95.25% while the S&P 500 is up 0.31%. 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.

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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 0.21 and outstanding shares of 5.82M.

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 11.04 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 25.82M and a float of 5.79M. 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.

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