In the last trading session, 1.75 million shares of the Global E Online Ltd (NASDAQ:GLBE) were traded, and its beta was 1.39. Most recently the company’s share price was $32.47, and it changed around $0.14 or 0.43% from the last close, which brings the market valuation of the company to $5.50B. GLBE currently trades at a discount to its 52-week high of $63.69, offering almost -96.15% off that amount. The share price’s 52-week low was $26.64, which indicates that the current value has risen by an impressive 17.96% since then. We note from Global E Online Ltd’s average daily trading volume that its 10-day average is 3.16 million shares, with the 3-month average coming to 2.03 million.
Global E Online Ltd stock received a consensus recommendation rating of Buy, based on a mean score of 1.07. If we narrow it down even further, the data shows that 0 out of 13 analysts rate the stock as a Sell; another 6 rate it as Overweight. Among the rest, 0 recommended GLBE as a Hold, whereas 7 deemed it a Buy, and 0 rated it as Underweight. Global E Online Ltd is expected to report earnings per share of 0.16 for the current quarter.
Global E Online Ltd (NASDAQ:GLBE) trade information
Instantly GLBE has showed a green trend with a performance of 0.43% 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 37.14 on recent trading dayincreased the stock’s daily price by 12.57%. The company’s shares are currently down -40.45% year-to-date, but still up 8.96% over the last five days. On the other hand, Global E Online Ltd (NASDAQ:GLBE) is -12.41% down in the 30-day period. We can see from the shorts that 4.67 million shares have been sold at a short interest cover period of 2.48 day(s).
The consensus price target as assigned by Wall Street analysts is $51, which translates to bulls needing to increase their stock price by 36.33% from its current value. Analyst projections state that GLBE is forecast to be at a low of $46 and a high of $66.
Global E Online Ltd (GLBE) estimates and forecasts
The year-over-year growth rate is expected to be 25.11%, up from the previous year.
Consensus estimates provided by 10 financial analysts predict the company will bring in an average of 187.62M in revenue for the current quarter. 10 analysts expect Global E Online Ltd to make 213.35M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 145.87M and 168.01M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 28.62%. Forecasts for the next quarter put sales growth at 26.99%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 71.26%.
GLBE Dividends
Global E Online Ltd’s next quarterly earnings report is expected to be released on 2025-Feb-18.
Global E Online Ltd (NASDAQ:GLBE)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 30.35% of Global E Online Ltd shares, and 69.35% of them are in the hands of institutional investors. The stock currently has a share float of 99.56%. Global E Online Ltd stock is held by 431.0 institutions, with MORGAN STANLEY being the largest institutional investor. By 2024-06-30, it held 10.4737% of the shares, which is about 17.49 million shares worth $634.34 million.
DRAGONEER INVESTMENT GROUP, LLC, with 8.8237% 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 INC and MORGAN STANLEY INSTITUTIONAL FUND INC-GROWTH PORTFOLIO were the top two Mutual Funds as of Dec 31, 2024 . The former held 6.44 shares worth $208.95 million, making up 3.80% of all outstanding shares. On the other hand, MORGAN STANLEY INSTITUTIONAL FUND INC-GROWTH PORTFOLIO held roughly 2.85 shares worth around $92.5 million, which represents about 1.68% of the total shares outstanding.
