During the last session, Global-E Online Ltd. (NASDAQ:GLBE)’s traded shares were 1.27 million. At the end of the trading day, the stock’s price was $26.82, reflecting an intraday gain of 1.94% or $0.51. The 52-week high for the GLBE share is $83.77, that puts it down -212.34 from that peak though still a striking 41.72% gain since the share price plummeted to a 52-week low of $15.63. The company’s market capitalization is $4.24B, and the average intraday trading volume over the past 10 days was 1.12 million shares, and the average trade volume was 2.05 million shares over the past three months.
Global-E Online Ltd. (GLBE) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 1.80. GLBE has a Sell rating from 0 analyst(s) out of 9 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 8 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.3.
Global-E Online Ltd. (NASDAQ:GLBE) trade information
Global-E Online Ltd. (GLBE) registered a 1.94% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.94% in intraday trading to $26.82 this Thursday, 08/04/22, hitting a weekly high. The stock’s 5-day price performance is 14.18%, and it has moved by 13.40% in 30 days. Based on these gigs, the overall price performance for the year is -63.76%. The short interest in Global-E Online Ltd. (NASDAQ:GLBE) is 8.21 million shares and it means that shorts have 5.88 day(s) to cover.
The consensus price target of analysts on Wall Street is $30.56, which implies an increase of 12.24% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $25.00 and $41.00 respectively. As a result, GLBE is trading at a discount of -52.87% off the target high and 6.79% off the low.
Global-E Online Ltd. (GLBE) estimates and forecasts
Statistics show that Global-E Online Ltd. has underperformed its competitors in share price, compared to the industry in which it operates. Global-E Online Ltd. (GLBE) shares have gone down -29.74% during the last six months, with a year-to-date growth rate less than the industry average at -1,362.50% against -8.40. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to shrink -600.00% this quarter and then drop -2,500.00% in the quarter after that. In the rating firms’ projections, revenue will increase 59.20% compared to the previous financial year.
Revenue for the current quarter is expected to be $83.46 million as predicted by 8 analyst(s). Meanwhile, a consensus of 8 analyst(s) estimates revenue growth to $93.86 million by the end of Sep 2022.
While earnings are projected to return 133.30% in 2022.
Global-E Online Ltd. is due to release its next quarterly earnings on November 10. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Global-E Online Ltd. (NASDAQ:GLBE)’s Major holders
Global-E Online Ltd. insiders own 23.35% of total outstanding shares while institutional holders control 60.55%, with the float percentage being 79.00%. Vitruvian Partners, LLP is the largest shareholder of the company, while 169 institutions own stock in it. As of Jun 29, 2022, the company held over 15.81 million shares (or 10.10% of all shares), a total value of $318.81 million in shares.
The next largest institutional holding, with 10.0 million shares, is of Abdiel Capital Advisors, LP’s that is approximately 6.39% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $337.82 million.
Also, the Mutual Funds coming in first place with the largest holdings of Global-E Online Ltd. (GLBE) shares are Fidelity Advisor Growth Opportunities Fund and Mutual Fund Ser Tr-Eventide Gilead Fund. Data provided on May 30, 2022 indicates that Fidelity Advisor Growth Opportunities Fund owns about 4.13 million shares. This amounts to just over 2.64 percent of the company’s overall shares, with a $79.52 million market value. The same data shows that the other fund manager holds slightly less at 2.31 million, or about 1.47% of the stock, which is worth about $77.91 million.