Global E Online Ltd (GLBE) concluded trading on Wednesday at a closing price of $33.49, with 4.5 million shares of worth about $150.82 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -9.96% during that period and on Wednesday the price saw a loss of about -16.91%. Currently the company’s common shares owned by public are about 161.32M shares, out of which, 90.77M shares are available for trading.
However, the stock later moved at a day high price of 36.46, or with a loss of -16.91%. Stock saw a price change of -16.22% in past 5 days and over the past one month there was a price change of -11.86%. Year-to-date (YTD), GLBE shares are showing a performance of -15.48% which increased to 27.12% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $24.26 but also hit the highest price of $45.72 during that period. The average intraday trading volume for Global E Online Ltd shares is 999.49K. The stock is currently trading -15.18% below its 20-day simple moving average (SMA20), while that difference is down -13.78% for SMA50 and it goes to -11.06% lower than SMA200.
Global E Online Ltd (NASDAQ: GLBE) currently have 161.32M outstanding shares and institutions hold larger chunk of about 53.25% of that.
The stock has a current market capitalization of $5.48B and its 3Y-monthly beta is at 1.19. It has posted earnings per share of -$0.86 in the same period. It has Quick Ratio of 2.12 while making debt-to-equity ratio of 0.02. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GLBE, volatility over the week remained 4.34% while standing at 4.10% over the month.
Analysts are in expectations that Global E Online Ltd (GLBE) stock would likely to be making an EPS of -$0.13 in the current quarter, while forecast for next quarter EPS is -$0.21 and it is -$0.52 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.15 which is -$0.1 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.18 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 56.54% while it is estimated to increase by 115.04% in next year. EPS is likely to shrink at an annualized rate of 23.20% for next 5-years, compared to annual growth of 75.76% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wells Fargo on January 17, 2024 offering an Overweight rating for the stock and assigned a target price of $50 to it. Coverage by UBS stated Global E Online Ltd (GLBE) stock as a Buy in their note to investors on September 22, 2023, suggesting a price target of $50 for the stock. On August 07, 2023, The Benchmark Company Initiated their recommendations, while on July 19, 2023, Morgan Stanley Downgrade their ratings for the stock with a price target of $45. Stock get a Buy rating from Goldman on December 10, 2021.
