Globe Life Inc (NYSE:GL) price closed higher on Friday, April 12, jumping 20.17% above its previous close.
A look at the daily price movement shows that the last close reads $49.17. The company’s P/E ratio in the trailing 12-month period read 5.86. Taking into account the 52-week price action we note that the stock hit a 52-week high of $132.00 and 52-week low of $38.95. The stock subtracted -50.38% on its value in the past month.
Globe Life Inc, which has a market valuation of $5.56 billion. The company stock has a Forward Dividend ratio of 0.92, while the dividend yield is 1.55%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give GL a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a Hold, while an average of long term indicators are currently assigning the stock as 50% Sell.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 0.39. The overview shows that GL’s price is at present -46.44% off the SMA20 and -50.39% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 15.93, with weekly volatility standing at 35.50%. The indicator jumps to 10.14% when calculated based on the past 30 days. Globe Life Inc (NYSE:GL)’s beta value is holding at 0.75, while the average true range (ATR) indicator is currently reading 7.33. An analysis of the Globe Life Inc (NYSE:GL) stock in terms of its daily trading volume indicates that the 3-month average is 1.39 million.
Current records show that the company has 93.79M in outstanding shares. The insiders’ percentage holdings are 2.28% of outstanding shares while the percentage share held by institutions stands at 83.17%. But the -51.45% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
