Global E Online Ltd (NASDAQ: GLBE)’s stock price has soared by 4.70 in relation to previous closing price of 40.82. Nevertheless, the company has seen a gain of 0.49% in its stock price over the last five trading days. zacks.com reported 2024-11-15 that Looking beyond Wall Street’s top -and-bottom-line estimate forecasts for Globale Online (GLBE), delve into some of its key metrics to gain a deeper insight into the company’s potential performance for the quarter ended September 2024.
Is It Worth Investing in Global E Online Ltd (NASDAQ: GLBE) Right Now?
Company’s 36-month beta value is 1.10.Analysts have differing opinions on the stock, with 10 analysts rating it as a “buy,” 5 as “overweight,” 1 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for GLBE is 94.22M, and currently, short sellers hold a 8.47% ratio of that floaft. The average trading volume of GLBE on November 20, 2024 was 862.95K shares.
GLBE’s Market Performance
GLBE stock saw an increase of 0.49% in the past week, with a monthly gain of 11.86% and a quarterly increase of 20.53%. The volatility ratio for the week is 3.31%, and the volatility levels for the last 30 days are 3.04% for Global E Online Ltd (GLBE). The simple moving average for the past 20 days is 7.64% for GLBE’s stock, with a 21.77% simple moving average for the past 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 11.24% 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 -1.79% of loss for the given period.
Volatility was left at 3.04%, however, over the last 30 days, the volatility rate increased by 3.31%, as shares surge +8.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.39% upper at present.
During the last 5 trading sessions, GLBE rose by +0.49%, which changed the moving average for the period of 200-days by +9.84% in comparison to the 20-day moving average, which settled at $39.71. In addition, Global E Online Ltd saw 7.85% 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.
Currently, EBITDA for the company is 35.61 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 10.95. 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
In a nutshell, Global E Online Ltd (GLBE) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
