In the last trading session, 1.51 million shares of the Global-E Online Ltd. (NASDAQ:GLBE) were traded. Most recently the company’s share price was $19.78, and it changed around $1.48 or 8.09% from the last close, which brings the market valuation of the company to $2.87B. GLBE currently trades at a discount to its 52-week high of $83.77, offering almost -323.51% off that amount. The share price’s 52-week low was $15.63, which indicates that the current value has risen by an impressive 20.98% since then. We note from Global-E Online Ltd.’s average daily trading volume that its 3-month average coming to 1.88 million.
Global-E Online Ltd. stock received a consensus recommendation rating of a Buy, based on a mean score of 1.80. If we narrow it down even further, the data shows that 0 out of 9 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended GLBE as a Hold, whereas 8 deemed it a Buy, and 0 rated it as Underweight. Global-E Online Ltd. is expected to report earnings per share of $0 for the current quarter.
Global-E Online Ltd. (NASDAQ:GLBE) trade information
Instantly GLBE has showed a green trend with a performance of 8.09% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 20.35 on Tuesday, 06/21/22 increased the stock’s daily price by 2.8%. The company’s shares are currently down -68.80% year-to-date, but still up 15.40% over the last five days. On the other hand, Global-E Online Ltd. (NASDAQ:GLBE) is -5.36% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $29.89, which translates to bulls needing to increase their stock price by 33.82% from its current value. Analyst projections state that GLBE is forecast to be at a low of $25.00 and a high of $41.00. In order for the stock price to hit the forecast high, the stock would need to plunge -107.28% from its current level, while the stock would need to crash -26.39% from its current level to reach the projected low.
Global-E Online Ltd. (GLBE) estimates and forecasts
Global-E Online Ltd. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -65.90 percent over the past six months and at a -1,362.50% annual growth rate that is well below the industry average of -5.90%. The year-over-year growth rate is expected to be 68.30%, up from the previous year.
Consensus estimates provided by 8 financial analysts predict the company will bring in an average of $74.98 million in revenue for the current quarter. 8 analysts expect Global-E Online Ltd. to make $90.26 million in revenue for the quarter ending Jun 2022. The company’s sales for the same quarters a year ago were $46.15 million and $57.29 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 62.50%. Forecasts for the next quarter put sales growth at 57.60%.
Global-E Online Ltd.’s next quarterly earnings report is expected to be released on November 10.
Global-E Online Ltd. (NASDAQ:GLBE)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 22.52% of Global-E Online Ltd. shares, and 57.06% of them are in the hands of institutional investors. The stock currently has a share float of 73.65%. Global-E Online Ltd. stock is held by 154 institutions, with Vitruvian Partners, LLP being the largest institutional investor. By Mar 30, 2022, it held 10.51% of the shares, which is about 15.81 million shares worth $533.93 million.
FMR, LLC, with 5.79% or 8.71 million shares worth $551.82 million as of Dec 30, 2021, holds the second largest percentage of outstanding shares.
Fidelity Advisor Growth Opportunities Fund and Mutual Fund Ser Tr-Eventide Gilead Fund were the top two Mutual Funds as of Feb 27, 2022. The former held 4.38 million shares worth $171.55 million, making up 2.91% of all outstanding shares. On the other hand, Mutual Fund Ser Tr-Eventide Gilead Fund held roughly 1.98 million shares worth around $125.58 million, which represents about 1.32% of the total shares outstanding.