The stock of Global E Online Ltd (NASDAQ:GLBE) last traded at $30.37, up 5.63% from the previous session.
Data from the available sources indicates that Global E Online Ltd (NASDAQ:GLBE) is covered by 13 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $58.00 and a low of $33.00, we find $41.00. Given the previous closing price of $28.75, this indicates a potential upside of 42.61 percent. GLBE stock price is now -17.50% away from the 50-day moving average and -12.88% away from the 200-day moving average. The market capitalization of the company currently stands at $4.96B.
In total, 2 analysts have assigned it a hold rating, and 10 have given it a buy rating. Brokers who have rated the stock have averaged $43.00 as their price target over the next twelve months.
With the price target of $50, UBS recently initiated with Buy rating for Global E Online Ltd (NASDAQ: GLBE).
A total of 44.91% of the company’s stock is owned by insiders.
With an opening price of $29.22 on Thursday morning, Global E Online Ltd (NASDAQ: GLBE) set off the trading day. During the past 12 months, Global E Online Ltd has had a low of $18.14 and a high of $45.72. As of last week, the company has a debt-to-equity ratio of 0.02, a current ratio of 2.12, and a quick ratio of 2.12. The fifty day moving average price for GLBE is $36.81 and a two-hundred day moving average price translates $34.86 for the stock.
The latest earnings results from Global E Online Ltd (NASDAQ: GLBE) was released for Sep, 2023. According to the Internet Retail Company, earnings per share came in at -$0.2, beating analysts’ expectations of -$0.23 by 0.03. This compares to -$0.41 EPS in the same period last year. The net profit margin was -26.73% and return on equity was -15.43% for GLBE. The company reported revenue of $133.6 million for the quarter, compared to $105.56 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 26.57 percent. For the current quarter, analysts expect GLBE to generate $188.11M in revenue.
Global E Online Ltd(GLBE) Company Profile
Global-E Online Ltd., together with its subsidiaries, provides a platform to enable and accelerate direct-to-consumer cross-border e-commerce in Israel, the United Kingdom, the United States, and internationally. Its platform enables international shoppers to buy online and merchants to sell from, and to, worldwide. The company was incorporated in 2013 and is headquartered in Petah Tikva, Israel.