Global E Online Ltd [GLBE] stock prices are up 5.80% to $42.53 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The GLBE shares have gain 9.39% over the last week, with a monthly amount glided 10.52%, 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 October 18, 2024, when Morgan Stanley downgraded its rating to a Equal-Weight but kept the price target unchanged to $40 for it. Previously, Morgan Stanley upgraded its rating to Overweight on May 21, 2024, and elevated its price target to $37. On January 17, 2024, Wells Fargo initiated with a Overweight rating and assigned a price target of $50 on the stock. UBS started tracking the stock assigning a Buy rating and suggested a price target of $50 on September 22, 2023. The Benchmark Company initiated its recommendation with a Buy and recommended $50 as its price target on August 07, 2023. Morgan Stanley downgraded its rating to Equal-Weight for this stock on July 19, 2023, and upped its price target to $45. In a note dated December 10, 2021, Goldman initiated an Buy rating and provided a target price of $89 on this stock.
The stock price of Global E Online Ltd [GLBE] has been fluctuating between $27.30 and $42.88 over the past year. Currently, Wall Street analysts expect the stock to reach $51.88 within the next 12 months. Global E Online Ltd [NASDAQ: GLBE] shares were valued at $42.53 at the most recent close of the market. An investor can expect a potential return of 21.98% based on the average GLBE price forecast.
Analyzing the GLBE fundamentals
The Global E Online Ltd [NASDAQ:GLBE] reported sales of 632.89M for trailing twelve months, representing a surge of 26.03%. 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 41.24 points at the first support level, and at 39.96 for the second support level. However, for the 1st resistance point, the stock is sitting at 43.40, and for the 2nd resistance point, it is at 44.28.
Ratios To Look Out For
It’s worth pointing out that Global E Online Ltd [NASDAQ:GLBE]’s Current Ratio is 2.28. On the other hand, the Quick Ratio is 2.28, and the Cash Ratio is 1.0. Considering the valuation of this stock, the price to sales ratio is 11.22, the price to book ratio is 8.08.
Transactions by insiders
Recent insider trading involved OFER KOREN, Officer, that happened on Nov 12 ’24 when 25000.0 shares were purchased. Officer, RAN FRIDMAN completed a deal on Nov 12 ’24 to buy 31803.0 shares. Meanwhile, Officer Shahar Tamari bought 24000.0 shares on Nov 05 ’24.
