Globus Maritime (NASDAQ:GLBS) Given a $3.00 Price Target at Maxim Group

Globus Maritime (NASDAQ:GLBS) received a $3.00 price objective from analysts at Maxim Group in a report released on Monday, Marketbeat.com reports. The firm presently has a “buy” rating on the shipping company’s stock. Maxim Group’s price objective would suggest a potential upside of 159.74% from the company’s previous close.

Separately, Wall Street Zen began coverage on Globus Maritime in a report on Wednesday, May 21st. They set a “hold” rating for the company.

Globus Maritime Stock Down 7.2%

Shares of NASDAQ GLBS opened at $1.16 on Monday. The stock has a market capitalization of $23.77 million, a PE ratio of -28.87 and a beta of 0.53. The company has a quick ratio of 1.65, a current ratio of 1.70 and a debt-to-equity ratio of 0.61. The firm has a fifty day moving average of $1.13 and a 200-day moving average of $1.21. Globus Maritime has a 52-week low of $0.99 and a 52-week high of $2.21.

Globus Maritime (NASDAQ:GLBS) last issued its earnings results on Monday, June 16th. The shipping company reported ($0.07) earnings per share for the quarter. The firm had revenue of $8.62 million during the quarter. Globus Maritime had a negative net margin of 2.10% and a negative return on equity of 1.27%.

Globus Maritime Company Profile

Globus Maritime Limited, an integrated dry bulk shipping company, provides marine transportation services worldwide. It owns, operates, and manages a fleet of dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina, and other dry bulk cargoes. As of September 20, 2024, the company operated eight dry bulk vessels with a total carrying capacity of 571,313 deadweight tonnage.