Global E Online Ltd [NASDAQ: GLBE] plunged by -$0.3 during the normal trading session on while it closed the day at $43.77.
Global E Online Ltd stock has also loss -14.01% of its value over the past 7 days. However, GLBE stock has declined by -12.27% in the 3 months of the year. Over the past six months meanwhile, it has gained 25.38% and lost -19.73% year-on date.
The market cap for GLBE stock reached $7.31 billion, with 166.99 million shares outstanding and 102.80 million shares in the current float. Compared to the average trading volume of 1.39M shares, GLBE reached a trading volume of 4072928 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 $61.64 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 1.33. 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.
Morgan Stanley have made an estimate for Global E Online Ltd shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on October 18, 2024. While these analysts kept the previous recommendation, Morgan Stanley raised their target price from $33 to $37. The new note on the price target was released on May 21, 2024, representing the official price target for Global E Online Ltd stock. Previously, the target price had yet another raise to $50, while Wells Fargo analysts kept a Overweight rating on GLBE stock.
The Average True Range (ATR) for Global E Online Ltd is set at 2.64, with the Price to Sales ratio for GLBE stock in the period of the last 12 months amounting to 9.71. The Price to Book ratio for the last quarter was 8.41, with the Price to Cash per share for the same quarter was set at 2.84. Price to Free Cash Flow for GLBE in the course of the last twelve months was 43.76 with Quick ratio for the last quarter at 2.18.
GLBE stock trade performance evaluation
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 -14.01. With this latest performance, GLBE shares dropped by -24.57% in over the last four-week period, additionally plugging by 25.38% over the last 6 months – not to mention a rise of 32.20% 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 22.92, with the RSI for the last a single of trading hit 15.74, and the three-weeks RSI is set at 29.10 for Global E Online Ltd [GLBE]. The present Moving Average for the last 50 days of trading for this stock 55.74, while it was recorded at 44.73 for the last single week of trading, and 41.52 for the last 200 days.
Global E Online Ltd [GLBE]: An insightful look at the core fundamentals
Global E Online Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.18 and a Current Ratio set at 2.08.
Global E Online Ltd [GLBE]: Institutional Ownership
The top three institutional holders of GLBE stocks are: MORGAN STANLEY with ownership of 17.49 million shares, which is approximately 10.5238%. DRAGONEER INVESTMENT GROUP, LLC, holding 14.73 million shares of the stock with an approximate value of $$534.4 million in GLBE stocks shares; and DRAGONEER INVESTMENT GROUP, LLC, currently with $$245.78 million in GLBE stock with ownership which is approximately 4.0582%.
