Global E Online Ltd [NASDAQ: GLBE] stock went on a downward path that fall over -8.66% on Wednesday, amounting to a one-week price decrease of less than -9.79%.
Over the last 12 months, GLBE stock dropped by -4.78%. The one-year Global E Online Ltd stock forecast points to a potential upside of 29.96. The average equity rating for GLBE stock is currently 1.36, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $4.97 billion, with 165.77 million shares outstanding and 92.75 million shares in the current float. Compared to the average trading volume of 1.22M shares, GLBE stock reached a trading volume of 3282133 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $42.63 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 1.36. 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.
Wells Fargo have made an estimate for Global E Online Ltd shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on January 17, 2024. While these analysts kept the previous recommendation, UBS raised their target price to Buy. The new note on the price target was released on September 22, 2023, representing the official price target for Global E Online Ltd stock. Previously, the target price had yet another raise to $50, while The Benchmark Company analysts kept a Buy rating on GLBE stock. On July 19, 2023, analysts increased their price target for GLBE shares from 38 to 45.
The Average True Range (ATR) for Global E Online Ltd is set at 1.43, with the Price to Sales ratio for GLBE stock in the period of the last 12 months amounting to 8.71. The Price to Book ratio for the last quarter was 5.49, with the Price to Cash per share for the same quarter was set at 1.91. Price to Free Cash Flow for GLBE in the course of the last twelve months was 48.34 with Quick ratio for the last quarter at 1.90.
GLBE Stock Performance Analysis:
Global E Online Ltd [GLBE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.79. With this latest performance, GLBE shares dropped by -18.21% in over the last four-week period, additionally sinking by -19.67% over the last 6 months – not to mention a drop of -4.78% 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 31.78, with the RSI for the last a single of trading hit 26.05, and the three-weeks RSI is set at 35.77 for Global E Online Ltd [GLBE]. The present Moving Average for the last 50 days of trading for this stock 34.25, while it was recorded at 31.93 for the last single week of trading, and 36.83 for the last 200 days.
Insight into Global E Online Ltd Fundamentals:
Global E Online Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.90 and a Current Ratio set at 1.90.
GLBE Stock EPS
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] Institutonal Ownership Details
The top three institutional holders of GLBE stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in GLBE stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in GLBE stock with ownership which is approximately 5.8386%.
