TerraForm Global, Inc. (NASDAQ:GLBL) shares saw a recent bid of $5.05 and 233.15TH shares have exchanged hands in the recent trading session, yielding a 0.00% gain over the past week.GLBL price increased 0.00% or $0 versus $5.05 at the end of the prior session. This change led market cap to move at $880.32M, putting the price -0.98% below the 52-week high and 55.38% above the 52-week low. The company’s stock has a normal trading capacity of 704.67K shares while the relative volume is 0.33.
Is TerraForm Global, Inc. (NASDAQ:GLBL) Worth Buying?
By historical standards, TerraForm Global, Inc. (NASDAQ:GLBL) remains a cheap stock. GLBL’s current price-earnings ratio amounts above the average P/E ratio of 12.41 times earnings. For now, GLBL is the toast of Wall Street as its ABR stands at 3.00 with 0 out of 4 analysts rating the stock a buy. Over the short term, some market observers may have noticed that It has a 0.80% short float with 15 days to cover. The Stock becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. Company has far performed well this year, with the share price up 27.85% since January. Over the past 2 quarters, TerraForm Global, Inc. (NASDAQ:GLBL) is up 3.06%, compared with a gain of nearly 2.02% for 3 months and about 0.00% for the past 30 days.
TerraForm Global, Inc. (GLBL) Has Mean Target Price of $4.94
To stay one step ahead we extended our research by comparing different price targets. TerraForm Global, Inc. (NASDAQ:GLBL) notched a 12-month high of $4.93 while $5.10 target is by far the most aggressive out of analysts who are currently evaluating GLBL, $0.17 higher than the next highest 52-week price estimate. The lowest 12-month price target for the shares is $4.75, which would be decrease of about -6% of its current value. The mean target of $4.94 should be compared with the price when the stock was languishing around $3.25 a share. And it remains to be seen which target price GLBL can achieve without sacrificing much as the company is holding a 33.77% gain for the past twelve months.
TerraForm Global, Inc. Revenue Estimate is $238.71 Million
Last time, the company shocked Wall Street by reporting EPS of $-0.09, smashing the consensus of $-0.10 per share. Revenue for the quarter also killed consensus, coming in at $62.5 Million, compared to the consensus of 60.79 Million. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $-0.09. The company is expected to report EPS as high as $0.01 and as low as $-0.23 per share. Similarly, full-year EPS forecasts have ranged between $-0.62 and $-0.10. The mean EPS estimate is $-0.36. On the other side, sales forecasts for the current quarter are $62.31 Million. The stock is expected to report revenue as high as $64 Million and as low as $60.62 Million per share. Similarly, full-year sales forecasts have ranged between $237 Million and $240.42 Million. The mean revenue estimate is $238.71 Million.
Over the last 5 years, TerraForm Global, Inc. has averaged a -50.35% YoY EPS growth rate. Analysts are expecting EPS growth rates to be at 83.80% this quarter.
What Guru’s think About Is TerraForm Global, Inc. (NASDAQ:GLBL)
Sell-side analysts also have something to say about this GLBL. Macquarie had a markedly different take on 03/02/2017, proposing that GLBL is now considered Neutral versus prior Outperform rating. Goldman raised its rating on TerraForm Global, Inc. to Neutral on 21/07/2016 in a reversal from its prior Sell rating. Goldman had a markedly different take on 02/12/2015, proposing that GLBL is now considered Sell versus prior Neutral rating. Barclays analysts stated on 17/11/2015 that they maintained their Overweight rating.