Global E Online Ltd (NASDAQ: GLBE) is -33.82% lower on its value in year-to-date trading and has touched a low of $28.11 and a high of $63.69 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GLBE stock was last observed hovering at around $35.92 in the last trading session, with the day’s gains setting it 0.17%.
Currently trading at $36.09, the stock is -16.89% and -30.39% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.35 million and changing 0.47% at the moment leaves the stock -14.25% off its SMA200. GLBE registered 4.37% gain for a year compared to 6-month gain of -1.58%. The firm has a 50-day simple moving average (SMA 50) of $51.8478 and a 200-day simple moving average (SMA200) of $42.086025.
The stock witnessed a -41.47% loss in the last 1 month and extending the period to 3 months gives it a -32.57%, and is -7.01% down 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 6.15% over the week and 5.72% over the month.
Global E Online Ltd (GLBE) has around 923 employees, a market worth around $6.03B and $752.76M in sales. Fwd P/E is 37.60. Profit margin for the company is -10.04%. Distance from 52-week low is 28.39% and -43.33% from its 52-week high. The company has generated returns on investments over the last 12 months (-8.27%).
with sales reaching $187.63M over the same period.The EPS is expected to grow by 165.87% this year, but quarterly earnings will post 26.19% year-over-year. Quarterly sales are estimated to grow 28.62% in year-over-year returns.
Global E Online Ltd (GLBE) Top Institutional Holders
432.0 institutions hold shares in Global E Online Ltd (GLBE), with institutional investors hold 102.45% of the company’s shares. The shares outstanding are 166.99M, and float is at 102.80M with Short Float at 3.47%. Institutions hold 70.10% of the Float.
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 8.8237 of the shares outstanding. The other top investors are ABDIEL CAPITAL ADVISORS, LP which holds 6.78 million shares representing 4.0582% and valued at over $245.78 million, while CAPITAL WORLD INVESTORS holds 3.4073 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 Jan 03 ’25, Amir Schlachet (Director) Proposed Sale 101,000 shares at an average price of $54.98 for $5.55 million. The insider now directly holds shares of Global E Online Ltd (GLBE).
