Stock FAQs

why did glbs stock drop

by Elaina Towne Published 3 years ago Updated 2 years ago
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Where can I buy GLBs shares?

Shares of GLBS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here.

What is Globus maritime's (GLBs) stock price today?

What is Globus Maritime's stock price today? One share of GLBS stock can currently be purchased for approximately $8.76.

What does GLBs stand for?

Globus Maritime Limited (the “Company” or "Globus") (GLBS), a dry bulk shipping company, announced today that it will release financial results for the quarter and six-month period ended June 30, 2019 after the market closes in New York on Friday, September 27, 2019. Globus is an integrated dry bulk shipping company...

Will Globus maritime (GLBs) outperform or underperform the S&P 500?

MarketBeat's community ratings are surveys of what our community members think about Globus Maritime and other stocks. Vote “Outperform” if you believe GLBS will outperform the S&P 500 over the long term. Vote “Underperform” if you believe GLBS will underperform the S&P 500 over the long term.

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Should I buy or sell Globus Maritime stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Globus Maritime in the last year. There are currently 1 buy rating for the...

What is Globus Maritime's stock price forecast for 2022?

1 brokers have issued 12 month price targets for Globus Maritime's shares. Their forecasts range from $6.00 to $6.00. On average, they anticipate G...

How has Globus Maritime's stock performed in 2022?

Globus Maritime's stock was trading at $2.10 at the beginning of the year. Since then, GLBS shares have increased by 9.5% and is now trading at $2....

When is Globus Maritime's next earnings date?

Globus Maritime is scheduled to release its next quarterly earnings announcement on Monday, September 26th 2022. View our earnings forecast for Gl...

How were Globus Maritime's earnings last quarter?

Globus Maritime Limited (NASDAQ:GLBS) posted its earnings results on Monday, April, 11th. The shipping company reported $0.64 EPS for the quarter....

When did Globus Maritime's stock split? How did Globus Maritime's stock split work?

Shares of Globus Maritime reverse split on the morning of Monday, October 15th 2018. The 1-10 reverse split was announced on Monday, October 8th 20...

Who are Globus Maritime's key executives?

Globus Maritime's management team includes the following people: Mr. Georgios Feidakis , Founder & Non-Exec. Chairman (Age 71) Mr. Athanasios Fe...

Who are some of Globus Maritime's key competitors?

Some companies that are related to Globus Maritime include Navios Maritime (NM) , Pyxis Tankers (PXS) , Top Ships (TOPS) , OceanPal (OP) , Per...

What other stocks do shareholders of Globus Maritime own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Globus Maritime investors own include Top Ships (TOPS) ,...

Who bought GLBs stock?

What is the GLBS symbol?

GLBS stock was purchased by a variety of institutional investors in the last quarter, including Citadel Advisors LLC, and Two Sigma Investments LP.

How many shares of Globus Maritime stock are there after the split?

Globus Maritime trades on the NASDAQ under the ticker symbol "GLBS."

What is Globus maritime's P/B ratio?

The number of shares owned by shareholders was adjusted after the closing bell on Friday, October 12th 2018. An investor that had 100 shares of Globus Maritime stock prior to the reverse split would have 10 shares after the split.

What is the official website of Globus?

Globus Maritime has a P/B Ratio of 0.18. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Is Globus Maritime a buy or sell company?

The official website for Globus Maritime is www.globusmaritime.gr.

Does Globus pay dividends?

Globus Maritime has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

When did Globus take delivery of Power Globe?

Globus Maritime does not currently pay a dividend.

What is Globus shipping?

GLYFADA, Greece, July 21, 2021 (GLOBE NEWSWIRE) -- Globus Maritime Limited (the “Company” or "Globus") (NASDAQ: GLBS), a dry bulk shipping company, announced today that it has taken delivery of the M/V “Power Globe”, a 2011-built Kamsarmax dry bulk carrier it acquired for a purchase price of $16.2 million, of which the Company had previously ...

What is Globus Maritime?

GLYFADA, Greece, June 23, 2021 (GLOBE NEWSWIRE) -- Globus Maritime Limited (the “Company” or "Globus") (NASDAQ: GLBS), a dry bulk shipping company, announced today that it has secured a new charter employment for its vessel M/V River Globe (a 53,627-deadweight ton Supramax dry bulk carrier built in 2007, at the Yangzhou Dayang Shipbuilding Co. Ltd). The vessel has been chartered to an unrelated party for a gross daily rate of $29,500. The charter commenced on June 21, 2021 and has a minimum dura

Where is Globus Maritime located?

Globus Maritime Announces New Charter for the M/V River Globe. GLYFADA, Greece, June 23, 2021 (GLOBE NEWSWIRE) -- Globus Maritime Limited (the “Company” or "Globus") (NASDAQ: GLBS), a dry bulk shipping company, announced today that it has secured a new charter employment for its vessel M/V River Globe ...

Can you buy a low float stock with high short interest?

GLYFADA, Greece, Sept. 23, 2021 (GLOBE NEWSWIRE) -- Globus Maritime Limited (“Globus” or the “Company”), (NASDAQ: GLBS), a dry bulk shipping company, announced the results of its annual meeting of shareholders, held earlier today in Glyfada, Greece. The following proposals were approved and adopted at the meeting: the election of Mr. Jeffrey O. Parry as Class II director of the Company, to serve until the 2024 Annual Meeting of Shareholders; andthe appointment of Ernst & Young (Hellas) Certified

When will the reverse stock split take effect?

Buying a low float stock with high short interest isn’t a guarantee of a short squeeze. There still typically needs to be some form of catalyst to get the stock moving in the first place. However, traders can keep an eye on these stocks for any signs of life to try to catch most of a potential big move.

What is a Globus ship?

The reverse stock split will take effect, and the Company’s common stock will begin trading on a split-adjusted basis on the Nasdaq Capital Market, as of the opening of trading on October 21, 2020 under the existing trading symbol “GLBS.” The new CUSIP number for the common stock following the reverse stock split is Y27265 126.

When will reverse stock split be reflected in accounts?

Globus is an integrated dry bulk shipping company that provides marine transportation services worldwide and presently owns, operates and manages a fleet of five dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina and other dry bulk cargoes internationally. Globus’ subsidiaries own and operate five vessels with a total carrying capacity of 300,571 Dwt and a weighted average age of 12.6 years as of September 30, 2020.

How many shares are in a reverse stock split?

Shareholders with shares held in book entry form or through a bank, broker, or other nominee are not required to take any action and will see the impact of the reverse stock split reflected in their accounts on or after October 21, 2020. Such beneficial holders may contact their bank, broker or nominee for more information.

Why are stocks volatile?

When the reverse stock split becomes effective, every 100 shares of the Company’s issued and outstanding common stock and Series B preferred shares will be automatically combined into one issued and outstanding share of common stock or Series B preferred share, as applicable, with no adjustment in par value or the number of authorized shares of any class or series of stock. This will reduce the number of outstanding common shares from 175,675,651 to approximately 1,756,756 shares (subject to further adjustment based on fractional shares) and the number of Series B preferred shares from 30,000 to 300.

How many shares does loading have in 2021?

Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Growth stocks can be more volatile than other types of stocks. Value stocks can continue to be undervalued by the market for long periods of time.

What does it mean to sell short Globus Maritime stock?

Loading... ), a dry bulk shipping company, announced today that on February 17, 2021 it closed the previously announced registered direct offering of 4.8 million common shares and warrants to purchase up to an aggregate of 4.8 million common shares.

What happens if you short Globus Maritime?

To short Globus Maritime stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that Globus Maritime will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

What is a good short interest percentage for Globus Maritime?

Short sellers are betting that Globus Maritime will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

What is Globus Maritime's float size?

Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. 7.48% of Globus Maritime's floating shares are currently sold short.

How does a short squeeze work against Globus Maritime?

Globus Maritime currently has issued a total of 10,574,000 shares. Some of Globus Maritime's outstanding shares are available for trading, while others are subject to various restrictions. The public float, also referred to as floating shares or "the float", are shares that publicly owned, unrestricted and available to trade on the open market. Globus Maritime currently has a public float of 10,380,000 shares.

How often is Globus Maritime's short interest reported?

A short squeeze for Globus Maritime occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of GLBS, which in turn drives the price of the stock up even further.

What is a short squeeze on Globus?

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including GLBS, twice per month. The most recent reporting period available is January, 31 2022.

Referenced Symbols

A short squeeze for Globus Maritime occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of GLBS, which in turn drives the price of the stock up even further.

About the Author

Shares of shipping companies surged Wednesday for a second session, as a bit of good news for the industry amid a sea of worry helped spark a buying frenzy.

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