Global E Online Ltd (NASDAQ:GLBE) has a beta value of 1.35 and has seen 0.44 million shares traded in the recent trading session. The company, currently valued at $6.46B, closed the recent trade at $38.66 per share which meant it gained $1.93 on the day or 5.25% during that session. The GLBE stock price is -64.74% off its 52-week high price of $63.69 and 27.29% above the 52-week low of $28.11. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.33 million shares traded. The 3-month trading volume is 1.58 million shares.
The consensus among analysts is that Global E Online Ltd (GLBE) is Buy stock at the moment, with a recommendation rating of 1.20. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 11 have rated it as a Hold, with 10 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.08.
Global E Online Ltd (NASDAQ:GLBE) trade information
Sporting 5.25% in the green today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the GLBE stock price touched $38.66 or saw a rise of 6.05%. Year-to-date, Global E Online Ltd shares have moved -29.11%, while the 5-day performance has seen it change -4.55%. Over the past 30 days, the shares of Global E Online Ltd (NASDAQ:GLBE) have changed -37.47%. Short interest in the company has seen 3.56 million shares shorted with days to cover at 1.73.
Wall Street analysts have a consensus price target for the stock at $55, which means that the shares’ value could jump 29.71% from the levels at last check today. The projected low price target is $55.0 while the price target rests at a high of $66.0. In that case, then, we find that the latest price level in today’s session is -70.72% off the targeted high while a plunge would see the stock gain -42.27% from the levels at last check today.
Global E Online Ltd (GLBE) estimates and forecasts
The company’s shares have gained 12.25% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 26.19%.
11 analysts offering their estimates for the company have set an average revenue estimate of 187.63M for the current quarter. 11 have an estimated revenue figure of 213.31M for the next ending quarter. Year-ago sales stood 145.87M and 168.01M respectively for this quarter and the next, and analysts expect sales will grow by 28.62% for the current quarter and 26.19% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 71.26% over the past 5 years.
GLBE Dividends
Global E Online Ltd is expected to release its next earnings report on 2025-Feb-18 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Global E Online Ltd (NASDAQ:GLBE)’s Major holders
Insiders own 31.57% of the company shares, while shares held by institutions stand at 70.21% with a share float percentage of 102.60%. Investors are also buoyed by the number of investors in a company, with Global E Online Ltd having a total of 431.0 institutions that hold shares in the company. The top two institutional holders are MORGAN STANLEY with over 17.49 million shares worth more than $634.34 million. As of 2024-06-30, MORGAN STANLEY held 10.5238% of shares outstanding.
The other major institutional holder is DRAGONEER INVESTMENT GROUP, LLC, with the holding of over 14.73 million shares as of 2024-06-30. The firm’s total holdings are worth over $534.4 million and represent 8.8237% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Smallcap World Fund and Morgan Stanley Inst Fd Inc-Growth Port. As of Dec 31, 2024, the former fund manager holds about 3.92% shares in the company for having 6.44 shares of worth $244.54 million while later fund manager owns 2.85 shares of worth $108.25 million as of Dec 31, 2024, which makes it owner of about 1.73% of company’s outstanding stock.
