Snap Stock- Is Globus Maritime Limited (GLBS) Stock A Good Buy After Big Moves? – Fintech Zoom
Gaining 8.50% from the previous trading session, GLBS stock stands at $5.49 today. The stock has significant volatility over the last week, falling 10% from $5.24 to $4.7 and then rising 12.3% at the conclusion of the week. To emphasize, the stock market’s performance over the past month paints a very positive image. GLBS stock significantly grows by 29% since May, rising from $4.25 to the stock’s current price, which is also denoted as the firm’s best performance of the month.
The M/V “Diamond Globe,” a 2018-built “Eco,” was delivered to the company today. This charter is anticipated to earn a gross income of roughly $2.94 million if it runs for the minimum planned duration and approximately $5.45 million if it runs for the maximum scheduled term, assuming no off-hire days.
The timing of the delivery is advantageous to the firm since the dry bulk shipping industry is recovering, both in terms of charter rates and asset prices. The firm may continue to focus on capturing market upside and creating long-term value. Its’ worth mentioning that when compared to Q1 2020, total sales grew by roughly 126% in Q1 2021.
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