Globus Maritime Ltd (NASDAQ: GLBS) Forecasts And Short-Term Estimates

In the last trading session, 59839.0 Globus Maritime Ltd (NASDAQ:GLBS) shares changed hands as the company’s beta touched 0.37. With the company’s per share price at $1.18 changed hands at $0.05 or 4.42% during last session, the market valuation stood at $23.67M. GLBS’s last price was a discount, traded about -158.47% off its 52-week high of $3.05. The share price had its 52-week low at $1.06, which suggests the last value was 10.17% up since then. When we look at Globus Maritime Ltd’s average trading volume, we note the 10-day average is 65760.0 shares, with the 3-month average coming to 44.78K.

Globus Maritime Ltd (NASDAQ:GLBS) trade information

Instantly GLBS was in green as seen at the end of in last trading. With action 3.60%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -56.60%, with the 5-day performance at 3.60% in the green. However, in the 30-day time frame, Globus Maritime Ltd (NASDAQ:GLBS) is -23.33% down. Looking at the short shares, we see there were 0.72 million shares sold at short interest cover period of 22.2 days.

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The consensus price target for the stock as assigned by Wall Street analysts is 4, meaning bulls need an upside of 70.5% from its current market value. According to analyst projections, GLBS’s forecast low is 4 with 4 as the target high. To hit the forecast high, the stock’s price needs a -238.98% plunge from its current level, while the stock would need to soar -238.98% for it to hit the projected low.

Globus Maritime Ltd (GLBS) estimates and forecasts

Year-over-year growth is forecast to reach 13.12% up from the last financial year.

Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 9.1M. 1 analysts are of the opinion that Globus Maritime Ltd’s revenue for the current quarter will be 11.4M. The company’s revenue for the corresponding quarters a year ago was 7.11M and 7.71M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 27.99%. The estimates for the next quarter sales put growth at 47.80%.

The 2024 estimates are for Globus Maritime Ltd earnings to decrease by -88.46%.

GLBS Dividends

Globus Maritime Ltd is expected to release its next quarterly earnings report in January.

Globus Maritime Ltd (NASDAQ:GLBS)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 26.53% of Globus Maritime Ltd shares while 1.14% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 1.56%.