Last Updated: 16 Sep 2024
Executive Summary
Climb Global Solutions (CLMB) is a wholesale distributor of computer and peripheral equipment and software. The company has a market capitalization of $422.9 million and trades on the NASDAQ exchange. CLMB's latest stock price is $91.8.
Company Overview
CLMB was founded in 1997 and is headquartered in Eatontown, New Jersey. The company has a global presence with operations in North America, Europe, and Asia. CLMB's products are sold to a variety of customers, including resellers, system integrators, and end-users.
Fundamental Analysis
CLMB's financial performance has been strong in recent years. The company's revenue has grown at a compound annual growth rate (CAGR) of 10.5% over the past five years. CLMB's net income has also grown at a CAGR of 15.2% over the same period. The company's gross margin has been stable at around 15%. CLMB's operating margin has also been stable at around 5%.
CLMB's balance sheet is strong. The company has a low level of debt and a high level of cash and equivalents. CLMB's current ratio is 2.0 and its debt-to-equity ratio is 0.3.
CLMB's valuation metrics are attractive. The company's trailing price-to-earnings (P/E) ratio is 30.4. This is below the average P/E ratio for the industry. CLMB's forward P/E ratio is 25.58. This is also below the average forward P/E ratio for the industry.
Technical Analysis
CLMB's stock price has been in a strong uptrend since the beginning of the year. The stock price has broken out of a resistance level at $85.00 and is now trading at $91.8. The stock price is above its 50-day moving average and its 200-day moving average. The relative strength index (RSI) is also above 50. This indicates that the stock is overbought.
Short Term Outlook
CLMB's stock price is likely to continue to rise in the short term. The stock price is in a strong uptrend and is above its key moving averages. The RSI is also above 50. This indicates that the stock is overbought. However, the stock price is still below its 52-week high. This indicates that there is still room for growth.
Long Term Outlook
CLMB's long-term outlook is positive. The company has a strong financial performance and a solid balance sheet. The company's valuation metrics are also attractive. CLMB is well-positioned to continue to grow in the future.
Analyst Recommendations
The majority of analysts have a buy rating on CLMB. The average analyst target price is $90.00. This is below the current stock price. However, it is still above the average analyst target price for the industry.
