Global E Online Ltd [GLBE] stock prices are up 3.25% to $34.58 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The GLBE shares have gain 6.53% over the last week, with a monthly amount drifted -17.84%, and not seem to be holding up well over a long-time horizon.
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On 21, February 2024, Global-E Reports Fourth Quarter and Full Year 2023 Results. In a post published today on Yahoo Finance, Global-e Online Ltd. (Nasdaq: GLBE) the global leader of Direct-To-Consumer cross border ecommerce enablement, today announced financial results for the fourth quarter of 2023 and full year 2023 as well as outlook for the first quarter and the full year 2024.
From an analyst’s perspective:
Global E Online Ltd [NASDAQ: GLBE] stock has seen the most recent analyst activity on January 17, 2024, when Wells Fargo initiated its Overweight rating and assigned the stock a price target of $50. Previously, UBS started tracking the stock with Buy rating on September 22, 2023, and set its price target to $50. On August 07, 2023, The Benchmark Company initiated with a Buy rating and assigned a price target of $50 on the stock. Morgan Stanley downgraded its rating to a Equal-Weight and increased its price target to $45 on July 19, 2023. Goldman initiated its recommendation with a Buy and recommended $89 as its price target on December 10, 2021. BofA Securities started tracking with a Buy rating for this stock on December 08, 2021, and assigned it a price target of $80. In a note dated October 22, 2021, Needham initiated an Buy rating and provided a target price of $75 on this stock.
The stock price of Global E Online Ltd [GLBE] has been fluctuating between $24.26 and $45.72 over the past year. Currently, Wall Street analysts expect the stock to reach $56.75 within the next 12 months. Global E Online Ltd [NASDAQ: GLBE] shares were valued at $34.58 at the most recent close of the market. An investor can expect a potential return of 64.11% based on the average GLBE price forecast.
Analyzing the GLBE fundamentals
The Global E Online Ltd [NASDAQ:GLBE] reported sales of 569.95M for trailing twelve months, representing a surge of 32.56%. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at -0.24%, Pretax Profit Margin comes in at -0.23%, and Net Profit Margin reading is -0.23%. To continue investigating profitability, this company’s Return on Assets is posted at -0.11, Equity is -0.15 and Total Capital is -0.15. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.0.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 33.72 points at the first support level, and at 32.87 for the second support level. However, for the 1st resistance point, the stock is sitting at 35.15, and for the 2nd resistance point, it is at 35.73.
Global E Online Ltd [GLBE] reported earnings per share of -$0.13 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.13/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.2 per share as compared to estimates of -$0.23 per share, a difference of $0.03 representing a surprise of 13.00%.
Ratios To Look Out For
It’s worth pointing out that Global E Online Ltd [NASDAQ:GLBE]’s Current Ratio is 1.90. In addition, the Quick Ratio stands at 2.12 and the Cash Ratio stands at 0.73. Considering the valuation of this stock, the price to sales ratio is 9.92, the price to book ratio is 6.22.
