Global-E Online Ltd. [NASDAQ: GLBE] closed the trading session at $34.00 on 08/16/22. The day’s price range saw the stock hit a low of $31.96, while the highest price level was $35.40. The company report on August 16, 2022 that Global-e Reports Second Quarter 2022 Results.
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Global-e Online Ltd. (Nasdaq: GLBE) the global leader ofDirect-To-Consumer cross border eCommerce enablement, today reported financial results for the second quarter of 2022.
“The record results we are publishing today for the second quarter of 2022, together with the updated guidance for the third quarter and full year, illustrate the continued momentum of our business, as evident from top-linegrowth, improved profitability and the strong new bookings pipeline,” said Amir Schlachet, Founder and CEO of Global-e. “We remain focused on executing across all fronts,to tap the massiveglobal direct-to-consumer opportunity.”.
The stocks have a year to date performance of -46.36 percent and weekly performance of 25.83 percent. The stock has been moved at -12.17 percent over the last six months. The stock has performed 49.06 percent around the most recent 30 days and changed 77.27 percent over the most recent 3-months.
If compared to the average trading volume of 1.86M shares, GLBE reached to a volume of 5745353 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Global-E Online Ltd. [GLBE]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GLBE shares is $30.56 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GLBE stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Goldman have made an estimate for Global-E Online Ltd. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 10, 2021. While these analysts kept the previous recommendation, BofA Securities raised their target price to Buy. The new note on the price target was released on December 08, 2021, representing the official price target for Global-E Online Ltd. stock. Previously, the target price had yet another raise to $75, while Needham analysts kept a Buy rating on GLBE stock.
The Average True Range (ATR) for Global-E Online Ltd. is set at 2.20, with the Price to Sales ratio for GLBE stock in the period of the last 12 months amounting to 19.05. The Price to Book ratio for the last quarter was 5.60, with the Price to Cash per share for the same quarter was set at 1.79. Price to Free Cash Flow for GLBE in the course of the last twelve months was 238.42 with Quick ratio for the last quarter at 3.10.
GLBE stock trade performance evaluation
Global-E Online Ltd. [GLBE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 25.83. With this latest performance, GLBE shares gained by 49.06% in over the last four-week period, additionally sinking by -12.17% over the last 6 months – not to mention a drop of -50.21% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GLBE stock in for the last two-week period is set at 73.33, with the RSI for the last a single of trading hit 78.64, and the three-weeks RSI is set at 68.53 for Global-E Online Ltd. [GLBE]. The present Moving Average for the last 50 days of trading for this stock 23.21, while it was recorded at 28.85 for the last single week of trading, and 35.90 for the last 200 days.
Global-E Online Ltd. [GLBE]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Global-E Online Ltd. [GLBE] shares currently have an operating margin of -26.77 and a Gross Margin at +37.28. Global-E Online Ltd.’s Net Margin is presently recorded at -30.55.
Return on Equity for this stock declined to -19.54, with Return on Assets sitting at -14.88.
Global-E Online Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.10 and a Current Ratio set at 3.10.
Earnings per share (EPS) analysis for Global-E Online Ltd. [GLBE] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GLBE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Global-E Online Ltd. go to 23.20%.
Global-E Online Ltd. [GLBE]: Insider Ownership positions
There are presently around $3,022 million, or 60.90% of GLBE stock, in the hands of institutional investors. The top three institutional holders of GLBE stocks are: VITRUVIAN PARTNERS LLP with ownership of 15,806,204, which is approximately 0% of the company’s market cap and around 23.35% of the total institutional ownership; ABDIEL CAPITAL ADVISORS, LP, holding 14,816,911 shares of the stock with an approximate value of $503.77 million in GLBE stocks shares; and GOLDMAN SACHS GROUP INC, currently with $236.97 million in GLBE stock with ownership of nearly 1236.667% of the company’s market capitalization.
Positions in Global-E Online Ltd. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 84 institutional holders increased their position in Global-E Online Ltd. [NASDAQ:GLBE] by around 25,868,967 shares. Additionally, 72 investors decreased positions by around 13,266,236 shares, while 14 investors held positions by with 49,734,328 shares. The mentioned changes placed institutional holdings at 88,869,531 shares, according to the latest SEC report filing. GLBE stock had 29 new institutional investments in for a total of 6,001,376 shares, while 49 institutional investors sold positions of 7,421,654 shares during the same period.