Global E Online Ltd (NASDAQ: GLBE) is 44.01% higher on its value in year-to-date trading and has touched a low of $28.11 and a high of $56.62 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GLBE stock was last observed hovering at around $56.46 in the last trading session, with the day’s gains setting it 0.61%.
Currently trading at $57.07, the stock is 10.11% and 29.71% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.52 million and changing 1.08% at the moment leaves the stock 56.42% off its SMA200. GLBE registered 47.43% gain for a year compared to 6-month gain of 80.26%. The firm has a 50-day simple moving average (SMA 50) of $43.5884 and a 200-day simple moving average (SMA200) of $36.37.
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The stock witnessed a 39.13% loss in the last 1 month and extending the period to 3 months gives it a 50.98%, and is 5.84% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.87% over the week and 3.25% over the month.
Global E Online Ltd (GLBE) has around 923 employees, a market worth around $9.68B and $675.25M in sales. Fwd P/E is 193.52. Profit margin for the company is -14.68%. Distance from 52-week low is 103.02% and 0.80% from its 52-week high. The company has generated returns on investments over the last 12 months (-11.13%).
with sales reaching $250.39M over the same period.The EPS is expected to grow by 46.26% this year, but quarterly earnings will post 29.93% year-over-year. Quarterly sales are estimated to grow 35.05% in year-over-year returns.
Global E Online Ltd (GLBE) Top Institutional Holders
The shares outstanding are 166.99M, and float is at 95.89M with Short Float at 5.46%.
The top institutional shareholder in the company is MORGAN STANLEY with over 17.49 million shares valued at $634.34 million. The investor’s holdings represent 10.5238% of the GLBE Shares outstanding. As of 2024-06-30, the second largest holder is DRAGONEER INVESTMENT GROUP, LLC with 14.73 million shares valued at $534.4 million to account for 8.8659 of the shares outstanding. The other top investors are ABDIEL CAPITAL ADVISORS, LP which holds 6.78 million shares representing 4.0776% and valued at over $245.78 million, while CAPITAL WORLD INVESTORS holds 3.4236 of the shares totaling 5.69 million with a market value of $206.36 million.
Global E Online Ltd (GLBE) Insider Activity
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Still, SEC filings show that on Nov 20 ’24, OFER KOREN (Officer) Proposed Sale 25,000 shares at an average price of $42.74 for $1.07 million. The insider now directly holds shares of Global E Online Ltd (GLBE).
