Globus Maritime Receives Buy Rating from Maxim Group Analyst Tate Sullivan

Globus Maritime (GLBS) received a Buy rating from Maxim Group analyst Tate Sullivan. The company's shares closed at $1.29. Sullivan has a 40.52% success rate and an average return of -8.3%. The analyst consensus is currently a Hold rating. Globus Maritime reported a quarterly revenue of $8.69 million and a GAAP net loss of $2 million in its latest earnings release.

Globus Maritime (GLBS), a company specializing in maritime transportation, reported its second-quarter earnings on June 19, 2025. The company missed earnings estimates by a significant margin, with earnings per share (EPS) coming in at $-0.0700, $0.01 worse than the analyst estimate of $-0.0600. Revenue for the quarter fell short of expectations, coming in at $8.6 million compared to the consensus estimate of $11.4 million [1].

Globus Maritime's stock price closed at $1.28, up 2.41% in the last three months but down -35.35% over the past 12 months. The company has seen a mix of positive and negative EPS revisions in the last 90 days, reflecting the volatility in the market [1].

Analysts at Maxim Group have adjusted their price target for Globus Maritime, lowering it from $4 to $3 while maintaining a Buy rating on the stock. The adjustment is due to a predicted temporary decrease in demand for smaller dry bulk vessels from China, driven by geopolitical tensions and a shift in focus towards liquefied petroleum gas, oil, and refined products [2].

Wall Street analysts forecast an average target price of $4.00 for Globus Maritime, with a consensus recommendation of "Outperform" from 1 brokerage firm. GuruFocus estimates a GF Value of $1.84 for the stock, suggesting an upside of 39.39% from the current price of $1.32 [2].

References:
[1] https://au.investing.com/news/earnings/globus-maritime-earnings-missed-by-001-revenue-fell-short-of-estimates-3892455
[2] https://www.gurufocus.com/news/2940471/maxim-adjusts-globus-maritime-glbs-price-target-amid-changing-market-conditions-glbs-stock-news?mobile=true