Stocks of Global E Online Ltd (NASDAQ:GLBE) traded higher last session on Wall Street, down -3.41% to $33.11.
GLBE stock price is now -7.41% away from the 50-day moving average and -22.06% away from the 200-day moving average. The market capitalization of the company currently stands at $5.61B.
With the price target reduced from $55 to $46, Morgan Stanley Upgraded its rating from Equal-Weight to Overweight for Global E Online Ltd (NASDAQ: GLBE). On October 18, 2024, Morgan Stanley Downgraded its previous ‘Overweight’ rating to ‘Equal-Weight’ on the stock keeping its target price maintained at $40, while ‘Wells Fargo’ rates the stock as ‘Overweight’
In other news, Amir Schlachet, Director bought 75,000 shares of the company’s stock on Apr 10 ’25. The stock was bought for $2,565,000 at an average price of $34.20. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 09 ’25, Officer Shahar Tamari bought 37,500 shares of the business’s stock. A total of $1,117,500 was incurred on buying the stock at an average price of $29.80. A total of 38.53% of the company’s stock is owned by insiders.
During the past 12 months, Global E Online Ltd has had a low of $26.64 and a high of $63.69. As of last week, the company has a debt-to-equity ratio of 0.03, a current ratio of 2.47, and a quick ratio of 2.47.
The net profit margin was -7.70% and return on equity was -6.93% for GLBE. The company reported revenue of $189.88 million for the quarter, compared to $145.87 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 30.17 percent.
