Global Partners LP (GLP) saw an uptrend of 6.76% in the recent trading with $56.69 being its most recent. The current price level -3.53% lower than the highest price of $58.76 marked by the stock while trading over the past 52-weeks, whereas it is 53.20% higher than the lowest price of $37.00 the company dropped to over past 52-weeks. The latest news story on GLP appeared in (Business Wire) under the title “Global Partners Declares Fourth-Quarter 2024 Cash Distribution of $0.7400 on Common Units”.
Looking into the simple moving average, Global Partners LP (GLP)’s stock stands at a SMA-50 of $51.23 while that of 5-day is reading $52.87.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and GLP’s SMA-200 as of now is $46.45.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Moderate Buy by 1 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.00 for the stock.
Global Partners LP Earnings – What Happened With GLP
Coming around sales and income figures on GLP Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.
GLP – Global Partners LP Stock Earnings Estimates
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 33.73 million. GLP does have institutional investors; and they hold 41.70% of the stock.
Global Partners LP – Insider Activity and Holdings
As on 2024-06-30, ALPS ADVISORS INC was the top most holder in Global Partners LP (NYSE:GLP) with an ownership of 4.56 million shares of the company or 13.4148 of the stake worth $207.89 million. The filing also reveals INVESCO LTD. as the second largest holder in the company with a control over 7.5488 of the outstanding shares. Its stake is worth $116.99 million for having 2.56 million shares in hand.
PALLAS CAPITAL ADVISORS LLC also came holding a key position in the company during the recent quarter and it now holds 4.3635 of the outstanding shares. With this there are now 125.0 institutions which have possession in GLP’s shares.
Currently, the stock has been recommended as Moderate Buy by 1 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.00 for the stock.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Global Partners LP has a debt to equity ratio of 2.82.
Technical Analysis of Global Partners LP (NYSE:GLP) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Global Partners LP (GLP), we notice that the stock’s 20-day average volume is at 104,710 shares and 50% of short term indicators are suggesting the stock as Buy. Medium term indicators at an average of 100% are spotting the stock at Buy with its 50-day average volume of 93,954 shares. And to end, GLP’s 100-day average volume is 76,913 shares with 100% of the long-term indicators pointing towards Buy for the stock.
