Global-e Online Ltd. (GLBE): Technical Analysis Suggests You Should Hold

The stock of Global-e Online Ltd. (NASDAQ:GLBE) decreased by decreased by -$2.11 on Friday to finish at $64.27, down -3.18 percent. The last five days have seen an average of 1,843,980 shares of common stock traded. The average number of shares traded over the last 20 days was 1,664,185, while the average volume over the last 50 days totaled 1,609,330.

GLBE stock dropped -12.97% since last month. On 10/18/21, the company’s shares reached a one-month low of $54.32. The stock touched a high of $83.77, after rallying from a low of $24.22 in 52 weeks. The price of GLBE stock has risen by 152.04%. Still, the stock price is down -23.28% from the 52-week high.

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For the three months ended June 29, Global-e Online Ltd.’s quick ratio was 7.30, while its current ratio was 7.30, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 33.60% percent. Based on annual data, it had gross profit of $43.47 million and revenue of $136.38 million.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. There was a -18.50% return on investment (ROI) in the past year. ROE has averaged 10.33 in the past year for the broader industry.

Earnings Surprise

According to Global-e Online Ltd.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that Global-e Online Ltd.’s quarterly earnings would be $0.06, but it ended up being $0. EBITDA was -$19.42 million for the quarter. At the end of Global-e Online Ltd.’s most recent quarter ended June 29, its liabilities totaled 78.99 million, while its total debt was $3.8 million.

Technical Picture

Here’s a quick look at Global-e Online Ltd.’s (GLBE) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 51.98%, suggesting the stock is Neutral, with a 45.66% historical volatility rate.

The stochastic %K and %D were 64.30% and 52.42% respectively, while the average true range (ATR) was 4.70. Based on the 14-day stochastic reading of 68.53%, the RSI (14) reading is 48.90%. On the 9-day MACD Oscillator, the stock is at 4.34, and the 14-day reading is at 3.83.

Analyst Ratings

In its analyst report released on October 22, 2021, Needham began covering Global-e Online Ltd. (NASDAQ: GLBE). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Global-e Online Ltd. (GLBE) an Buy rating. GLBE is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 6 others recommend it as a buy.

What is GLBE’s price target for the next 12 months?

The current consensus forecast for the stock is between $75.00 and $83.00, with a median target price of $80.00. In analyzing these forecasts, the average price target given by analysts for Global-e Online Ltd. (GLBE) is $79.71.


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