At the time of writing, Global E Online Ltd [GLBE] stock is trading at $38.48, up 1.00%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The GLBE shares have gain 7.04% over the last week, with a monthly amount glided 4.99%, 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.
For the past year, the stock price of Global E Online Ltd fluctuated 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 $38.48 at the most recent close of the market. An investor can expect a potential return of 33.84% based on the average GLBE price forecast.
Analyzing the GLBE fundamentals
According to Global E Online Ltd [NASDAQ:GLBE], the company’s sales were 632.89M for trailing twelve months, which represents an 26.03% jump. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.03.
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 37.85 points at the first support level, and at 37.22 for the second support level. However, for the 1st resistance point, the stock is sitting at 38.90, and for the 2nd resistance point, it is at 39.31.
Ratios To Look Out For
It is important to note that Global E Online Ltd [NASDAQ:GLBE] has a current ratio of 2.28. Also, the Quick Ratio is 2.28, while the Cash Ratio stands at 1.0. Considering the valuation of this stock, the price to sales ratio is 10.15, the price to book ratio is 7.31.
Transactions by insiders
Recent insider trading involved Amir Schlachet, Director, that happened on Oct 11 ’24 when 25000.0 shares were purchased. Affiliate, Deutsche Post Beteiligungen Ho completed a deal on Aug 16 ’24 to buy 1.67 million shares.
