The stock price of Global E Online Ltd (NASDAQ: GLBE) has jumped by 5.80 compared to previous close of 40.20. Despite this, the company has seen a gain of 9.39% in its stock price over the last five trading days. prnewswire.com reported 2024-11-12 that Global-e will enable Harrods to b etter cater to local and global demand and boost its D 2 C online strategy PETACH TIKVA, Israel, Nov. 12, 2024 /PRNewswire/ — Global-e (NASDAQ: GLBE), the platform powering global direct-to-consumer e-commerce, announced today its partnership with Harrods, the world’s leading luxury department store, to enhance its international online operations. This collaboration will enable Harrods to bolster its e-commerce strategy in over 200 markets worldwide, offering customers around the globe a seamless online shopping experience.
Is It Worth Investing in Global E Online Ltd (NASDAQ: GLBE) Right Now?
The stock has a 36-month beta value of 1.09. Opinions on the stock are mixed, with 10 analysts rating it as a “buy,” 2 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for GLBE is 94.79M, and at present, short sellers hold a 8.42% of that float. On November 13, 2024, the average trading volume of GLBE was 926.14K shares.
GLBE’s Market Performance
GLBE stock saw an increase of 9.39% in the past week, with a monthly gain of 10.52% and a quarterly increase of 34.89%. The volatility ratio for the week is 2.92%, and the volatility levels for the last 30 days are 3.10% for Global E Online Ltd (GLBE). The simple moving average for the last 20 days is 9.35% for GLBE’s stock, with a simple moving average of 21.44% for the last 200 days.
Analysts’ Opinion of GLBE
Many brokerage firms have already submitted their reports for GLBE stocks, with Morgan Stanley repeating the rating for GLBE by listing it as a “Equal-Weight.” The predicted price for GLBE in the upcoming period, according to Morgan Stanley is $40 based on the research report published on October 18, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see GLBE reach a price target of $37, previously predicting the price at $33. The rating they have provided for GLBE stocks is “Overweight” according to the report published on May 21st, 2024.
Wells Fargo gave a rating of “Overweight” to GLBE, setting the target price at $50 in the report published on January 17th of the current year.
GLBE Trading at 12.91% from the 50-Day Moving Average
After a stumble in the market that brought GLBE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -0.82% of loss for the given period.
Volatility was left at 3.10%, however, over the last 30 days, the volatility rate increased by 2.92%, as shares surge +11.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +27.95% upper at present.
During the last 5 trading sessions, GLBE rose by +9.39%, which changed the moving average for the period of 200-days by +4.99% in comparison to the 20-day moving average, which settled at $38.89. In addition, Global E Online Ltd saw 7.32% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GLBE starting from OFER KOREN, who proposed sale 25,000 shares at the price of $40.20 back on Nov 12 ’24. After this action, OFER KOREN now owns shares of Global E Online Ltd, valued at $1,005,000 using the latest closing price.
RAN FRIDMAN, the Officer of Global E Online Ltd, proposed sale 31,803 shares at $40.20 during a trade that took place back on Nov 12 ’24, which means that RAN FRIDMAN is holding shares at $1,278,481 based on the most recent closing price.
Stock Fundamentals for GLBE
Current profitability levels for the company are sitting at:
- -0.17 for the present operating margin
- 0.43 for the gross margin
The net margin for Global E Online Ltd stands at -0.17. The total capital return value is set at -0.12. Equity return is now at value -12.16, with -9.73 for asset returns.
Based on Global E Online Ltd (GLBE), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at 5.65. The debt to equity ratio resting at 0.03. The interest coverage ratio of the stock is -26.35.
Currently, EBITDA for the company is -102.68 million with net debt to EBITDA at 2.34. When we switch over and look at the enterprise to sales, we see a ratio of 10.89. The receivables turnover for the company is 4.91for trailing twelve months and the total asset turnover is 0.56. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.28.
Conclusion
To sum up, Global E Online Ltd (GLBE) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
