Climb Global Solutions (CLMB) Stock Price, News & Analysis

Company Overview

Climb Global Solutions Inc. operates as a value-added information technology (IT) distribution and solutions company in the United States, Canada, Europe, the United Kingdom, and internationally. It operates in two segments, Distribution and Solutions. The company distributes technical software to corporate and value-added resellers, consultants, and systems integrators under the name Climb Channel Solutions; and provides cloud solutions and resells software, hardware, and services under the name Grey Matter. It also resells computer software and hardware developed by others, as well as provides technical services to end user customers. In addition, the company offers a line of products from various software vendors; and tools for virtualization/cloud computing, security, networking, storage and infrastructure management, application lifecycle management, and other technically sophisticated domains, as well as computer hardware. It markets its products through its own web sites, local and on-line seminars, events, webinars, and social media, as well as direct email and printed materials. The company was formerly known as Wayside Technology Group, Inc. and changed its name to Climb Global Solutions Inc. in October 2022. Climb Global Solutions Inc. was incorporated in 1982 and is headquartered in Eatontown, New Jersey.

Key Stats

• Today's Range: $130.82 to $134.90
• 50-Day Range: $87.25 to $134.18
• 52-Week Range: $45.79 to $134.90
• Volume: 52,393 shs
• Average Volume: 20,032 shs
• Market Capitalization: $618.17 million
• P/E Ratio: 36.36
• Dividend Yield: 0.51%
• Price Target: $136.00
• Consensus Rating: Buy

Climb Global Solutions Stock Analysis - MarketRank™

Climb Global Solutions scored higher than 55% of companies evaluated by MarketBeat, and ranked 168th out of 331 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.5 / 5
• Analyst Rating: Buy

Consensus Rating

Climb Global Solutions 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.

Amount of Analyst Coverage

Climb Global Solutions has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 9.90%

Earnings Growth

Earnings for Climb Global Solutions are expected to grow by 9.90% in the coming year, from $4.14 to $4.55 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Climb Global Solutions is 36.36, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.22.

Price to Earnings Ratio vs. Sector

The P/E ratio of Climb Global Solutions is 36.36, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 46.32.

Price to Earnings Growth Ratio

Climb Global Solutions has a PEG Ratio of 1.82. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Climb Global Solutions has a P/B Ratio of 8.22. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.63% of the float of Climb Global Solutions has been sold short.

Short Interest Ratio / Days to Cover

Climb Global Solutions has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Climb Global Solutions has recently increased by 19.24%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Climb Global Solutions has a dividend yield of 0.54%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Climb Global Solutions does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Climb Global Solutions is 18.43%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Climb Global Solutions will have a dividend payout ratio of 14.95% next year. This indicates that Climb Global Solutions will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.63% of the float of Climb Global Solutions has been sold short.

Short Interest Ratio / Days to Cover

Climb Global Solutions has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Climb Global Solutions has recently increased by 19.24%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.9 / 5
• News Sentiment: 0.98

News Sentiment

Climb Global Solutions has a news sentiment score of 0.98. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.53 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 9 news articles for Climb Global Solutions this week, compared to 2 articles on an average week.

Search Interest

7 people have searched for CLMB on MarketBeat in the last 30 days.

MarketBeat Follows

4 people have added Climb Global Solutions to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Climb Global Solutions insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 9.60% of the stock of Climb Global Solutions is held by insiders.

Percentage Held by Institutions

49.72% of the stock of Climb Global Solutions is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CLMB Stock Analysis - Frequently Asked Questions

How have CLMB shares performed this year?

Climb Global Solutions' stock was trading at $54.83 on January 1st, 2024. Since then, CLMB shares have increased by 144.7% and is now trading at $134.18.
View the best growth stocks for 2024 here.

How were Climb Global Solutions' earnings last quarter?

Climb Global Solutions, Inc. (NASDAQ:CLMB) issued its quarterly earnings data on Wednesday, May, 1st. The company reported $0.60 earnings per share for the quarter, missing analysts' consensus estimates of $0.75 by $0.15. The company had revenue of $92.42 million for the quarter, compared to analyst estimates of $105.44 million. Climb Global Solutions had a net margin of 4.11% and a trailing twelve-month return on equity of 23.63%.

Who are Climb Global Solutions' major shareholders?

Climb Global Solutions' top institutional shareholders include De Lisle Partners LLP (4.21%), Wasatch Advisors LP (2.63%), Geode Capital Management LLC (2.00%) and Tieton Capital Management LLC (1.78%). Insiders that own company stock include Jeffrey Richart Geygan, Dale Richard Foster, Vito Legrottaglie, Charles Edward Bass, John R Mccarthy and Andrew S Bryant.
View institutional ownership trends.

How do I buy shares of Climb Global Solutions?

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

What other stocks do shareholders of Climb Global Solutions own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Climb Global Solutions investors own include Tesla (TSLA), NVIDIA (NVDA), JPMorgan Chase & Co. (JPM), Advanced Micro Devices (AMD), Meta Platforms (META), Netflix (NFLX) and Alphabet (GOOG).

Company Calendar

• Last Earnings: 5/01/2024
• Ex-Dividend for 8/22 Dividend: 8/16/2024
• Dividend Payable: 8/22/2024
• Ex-Dividend for 11/15 Dividend: 11/08/2024
• Dividend Payable: 11/15/2024
• Today: 11/20/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/26/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Business Services
• Industry: Computers, peripherals, & software
• Sub-Industry: Wholesale
• Current Symbol: NASDAQ:CLMB
• CUSIP: N/A
• CIK: 945983
• Web: www.waysidetechnology.com
• Phone: (732) 389-0932
• Fax: 732-389-1207
• Employees: 270
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $136.00
• High Stock Price Target: $136.00
• Low Stock Price Target: $136.00
• Potential Upside/Downside: +1.4%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.69
• Trailing P/E Ratio: 36.36
• Forward P/E Ratio: 32.41
• P/E Growth: 1.82
• Net Income: $12.32 million
• Net Margins: 4.11%
• Pretax Margin: 5.42%
• Return on Equity: 23.63%
• Return on Assets: 5.76%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.02
• Quick Ratio: 1.01

Sales & Book Value

• Annual Sales: $410.63 million
• Price / Sales: 1.51
• Cash Flow: $4.18 per share
• Price / Cash Flow: 32.10
• Book Value: $16.33 per share
• Price / Book: 8.22

Miscellaneous

• Outstanding Shares: 4,607,000
• Free Float: 4,165,000
• Market Cap: $618.17 million
• Optionable: Not Optionable
• Beta: 1.06