In the last trading session, 1.67 million Global E Online Ltd (NASDAQ:GLBE) shares changed hands as the company’s beta touched 1.34. With the company’s per share price at $36.32 changed hands at -$0.75 or -2.02% during last session, the market valuation stood at $6.07B. GLBE’s last price was a discount, traded about -75.36% off its 52-week high of $63.69. The share price had its 52-week low at $28.11, which suggests the last value was 22.6% up since then. When we look at Global E Online Ltd’s average trading volume, we note the 10-day average is 2.2 million shares, with the 3-month average coming to 1.64 million.
Analysts gave the Global E Online Ltd (GLBE) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.20. If we narrow down to specifics, the data shows that 0 out of 11 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended GLBE as a Hold, 10 felt it is a Buy and 0 rated the stock as Underweight. Global E Online Ltd’s EPS for the current quarter is expected to be 0.16.
Global E Online Ltd (NASDAQ:GLBE) trade information
Instantly GLBE was in red as seen at the end of in last trading. With action -1.12%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -33.39%, with the 5-day performance at -1.12% in the red. However, in the 30-day time frame, Global E Online Ltd (NASDAQ:GLBE) is -42.20% down. Looking at the short shares, we see there were 3.56 million shares sold at short interest cover period of 1.73 days.
The consensus price target for the stock as assigned by Wall Street analysts is 55, meaning bulls need an upside of 33.96% from its current market value. According to analyst projections, GLBE’s forecast low is 55 with 66 as the target high. To hit the forecast high, the stock’s price needs a -81.72% plunge from its current level, while the stock would need to soar -51.43% for it to hit the projected low.
Global E Online Ltd (GLBE) estimates and forecasts
Year-over-year growth is forecast to reach 25.59% up from the last financial year.
Consensus estimates given by 10 financial analysts project the company’s revenue in the current quarter to hit an average of 187.62M. 10 analysts are of the opinion that Global E Online Ltd’s revenue for the current quarter will be 213.55M. The company’s revenue for the corresponding quarters a year ago was 145.87M and 168.01M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 28.62%. The estimates for the next quarter sales put growth at 27.11%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 71.26%. The 2025 estimates are for Global E Online Ltd earnings to increase by 162.76%.
GLBE Dividends
Global E Online Ltd is expected to release its next quarterly earnings report on 2025-Feb-18.
Global E Online Ltd (NASDAQ:GLBE)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 31.57% of Global E Online Ltd shares while 70.10% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 102.45%. There are 70.10% institutions holding the Global E Online Ltd stock share, with MORGAN STANLEY the top institutional holder. As of 2024-06-30, the company held 10.4737% of the shares, roughly 17.49 million GLBE shares worth $634.34 million.
DRAGONEER INVESTMENT GROUP, LLC holds the second largest percentage of outstanding shares, with 8.8237% or 14.73 million shares worth $534.4 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Smallcap World Fund and Morgan Stanley Inst Fd Inc-Growth Port . With 6.44 shares estimated at $233.73 million under it, the former controlled 3.92% of total outstanding shares. On the other hand, Morgan Stanley Inst Fd Inc-Growth Port held about 1.73% of the shares, roughly 2.85 shares worth around $103.47 million.
