GLBS Stock Summary and Trading Ideas (Globus Maritime | NASDAQ:GLBS)

Globus Maritime Ltd is a dry bulk shipping company that provides marine transportation services internationally. The company owns, operates, and manages a fleet of dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina, and other dry bulk cargo. Its operations are managed by its subsidiary which also provides in-house commercial and technical management for its vessels and also offers consulting services for an affiliated ship management company. It generates maximum revenues by charging customers for the use of vessels to transport dry bulk commodities.

Globus Maritime trades on the NASDAQ stock market under the symbol GLBS.

As of January 3, 2025, GLBS stock price climbed to $1.32 with 114,602 million shares trading.

GLBS has a beta of 0.80, meaning it tends to be less sensitive to market movements. GLBS has a correlation of 0.04 to the broad based SPY ETF.

GLBS has a market cap of $27.16 million. This is considered a Sub-Micro Cap stock.

Last quarter Globus Maritime reported $9 million in Revenue and -$.03 earnings per share. This fell short of revenue expectation by $-350,000 and exceeded earnings estimates by $.07.

In the last 3 years, GLBS traded as high as $3.15 and as low as $.68.

GLBS has underperformed the market in the last year with a return of -48.4%, while the SPY ETF gained +27.8%. In the last 3 month period, GLBS fell short of the market, returning -32.5%, while SPY returned +4.6%. However, in the most recent 2 weeks GLBS has outperformed the stock market by returning +15.8%, while SPY returned +0.1%.

GLBS support price is $1.16 and resistance is $1.28 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GLBS shares will trade within this expected range on the day.