In today’s recent session, 2.17 million shares of the Global E Online Ltd (NASDAQ:GLBE) have been traded, and its beta is 1.12. Most recently the company’s share price was $48.35, and it changed around $5.61 or 13.13% from the last close, which brings the market valuation of the company to $8.07B. GLBE at last check was trading at a discount to its 52-week high of $43.52, offering almost 9.99% off that amount. The share price’s 52-week low was $28.11, which indicates that the recent value has risen by an impressive 41.86% since then. We note from Global E Online Ltd’s average daily trading volume that its 10-day average is 1.04 million shares, with the 3-month average coming to 875.50K.
Global E Online Ltd stock received a consensus recommendation rating of Buy, based on a mean score of 1.47. If we narrow it down even further, the data shows that 0 out of 16 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 1 recommended GLBE as a Hold, whereas 10 deemed it a Buy, and 0 rated it as Underweight. Global E Online Ltd is expected to report earnings per share of 0.31 for the current quarter.
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
Global E Online Ltd (NASDAQ:GLBE) trade information
Instantly GLBE has been showing a green trend so far today with a performance of 13.13% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 52.26 on recent trading dayincreased the stock’s daily price by 7.48%. The company’s shares are currently up 22.00% year-to-date, but still up 14.44% over the last five days. On the other hand, Global E Online Ltd (NASDAQ:GLBE) is 23.03% up in the 30-day period. We can see from the shorts that 7.98 million shares have been sold at a short interest cover period of 9.01 day(s).
The consensus price target as assigned by Wall Street analysts is $46.5, which translates to bulls needing to decrease their stock price by -3.98% from its current value. Analyst projections state that GLBE is forecast to be at a low of $40 and a high of $82.
Global E Online Ltd (GLBE) estimates and forecasts
Global E Online Ltd share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 56.98 percent over the past six months and at a 38.27% annual growth rate that is well above the industry average of 14.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 41.73% in revenue this quarter, and will report an increase of 47.93% in the next quarter. The year-over-year growth rate is expected to be 28.14%, up from the previous year.
Consensus estimates provided by 11 financial analysts predict the company will bring in an average of 246.27M in revenue for the current quarter. 10 analysts expect Global E Online Ltd to make 189.89M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 185.4M and 145.87M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 32.83%. Forecasts for the next quarter put sales growth at 30.17%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 70.41%. Global E Online Ltd earnings are expected to increase by 40.93% in 2024, but the outlook is positive 23.20% per year for the next five years.
GLBE Dividends
Global E Online Ltd’s next quarterly earnings report is expected to be released in December.
Global E Online Ltd (NASDAQ:GLBE)’s Major holders
DRAGONEER INVESTMENT GROUP, LLC, with 8.8659% or 14.73 million shares worth $534.4 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Smallcap World Fund and Morgan Stanley Inst Fd Inc-Growth Port were the top two Mutual Funds as of Jun 30, 2024. The former held 6.39 shares worth $308.83 million, making up 3.89% of all outstanding shares. On the other hand, Morgan Stanley Inst Fd Inc-Growth Port held roughly 2.35 shares worth around $113.35 million, which represents about 1.43% of the total shares outstanding.
