Currently, there are 166.99M common shares owned by the public and among those 95.89M shares have been available to trade.
The company’s stock has a 5-day price change of -3.45% and 46.92% over the past three months. GLBE shares are trading 38.43% year to date (YTD), with the 12-month market performance up to 37.60% higher. It has a 12-month low price of $28.11 and touched a high of $57.85 over the same period. GLBE has an average intraday trading volume of 1.22 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.88%, 19.60%, and 48.51% respectively.
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Institutional ownership of Global E Online Ltd (NASDAQ: GLBE) shares accounts for 57.34% of the company’s 166.99M shares outstanding.
It has a market capitalization of $9.16B and a beta (3y monthly) value of 1.23. The earnings-per-share (ttm) stands at -$0.60. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.35% over the week and 2.71% over the month.
Earnings per share for the fiscal year are expected to increase by 46.24%, and 167.76% over the next financial year. EPS should shrink at an annualized rate of 23.20% over the next five years, compared to 70.41% over the past 5-year period.
Looking at the support for the GLBE, a number of firms have released research notes about the stock. Morgan Stanley stated their Equal-Weight rating for the stock in a research note on October 18, 2024, with the firm’s price target at $40. Morgan Stanley coverage for the Global E Online Ltd (GLBE) stock in a research note released on May 21, 2024 offered a Overweight rating with a price target of $37. Wells Fargo was of a view on January 17, 2024 that the stock is Overweight, while UBS gave the stock Buy rating on September 22, 2023, issuing a price target of $50. The Benchmark Company on their part issued Buy rating on August 07, 2023.
