A share price of Global E Online Ltd [GLBE] is currently trading at $35.46, up 4.29%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The GLBE shares have gain 12.46% over the last week, with a monthly amount glided 0.06%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Global E Online Ltd [NASDAQ: GLBE] stock has seen the most recent analyst activity on May 21, 2024, when Morgan Stanley upgraded its rating to a Overweight and also boosted its price target to $37 from $33. Previously, Wells Fargo started tracking the stock with Overweight rating on January 17, 2024, and set its price target to $50. On September 22, 2023, UBS initiated with a Buy rating and assigned a price target of $50 on the stock. The Benchmark Company started tracking the stock assigning a Buy rating and suggested a price target of $50 on August 07, 2023. Morgan Stanley downgraded its rating to a Equal-Weight and raised its price target to $45 on July 19, 2023. Goldman started tracking with a Buy rating for this stock on December 10, 2021, and assigned it a price target of $89. In a note dated December 08, 2021, BofA Securities initiated an Buy rating and provided a target price of $80 on this stock.
Global E Online Ltd experienced fluctuations in its stock price throughout the past year between $27.30 and $42.88. Currently, Wall Street analysts expect the stock to reach $51.5 within the next 12 months. Global E Online Ltd [NASDAQ: GLBE] shares were valued at $35.46 at the most recent close of the market. An investor can expect a potential return of 45.23% based on the average GLBE price forecast.
Analyzing the GLBE fundamentals
Trailing Twelve Months sales for Global E Online Ltd [NASDAQ:GLBE] were 632.89M which represents 26.03% growth. Gross Profit Margin for this corporation currently stands at 0.43% with Operating Profit Margin at -0.17%, Pretax Profit Margin comes in at -0.17%, and Net Profit Margin reading is -0.17%. To continue investigating profitability, this company’s Return on Assets is posted at -0.1, Equity is -0.12 and Total Capital is -0.12. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.03.
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 34.14 points at the first support level, and at 32.82 for the second support level. However, for the 1st resistance point, the stock is sitting at 36.15, and for the 2nd resistance point, it is at 36.84.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Global E Online Ltd [NASDAQ:GLBE] is 2.28. As well, the Quick Ratio is 2.28, while the Cash Ratio is 1.0. Considering the valuation of this stock, the price to sales ratio is 9.36, the price to book ratio is 6.74.
Transactions by insiders
Recent insider trading involved Deutsche Post Beteiligungen Ho, Affiliate, that happened on Aug 16 ’24 when 1.67 million shares were purchased.
