Global-e Online Ltd. (NASDAQ:GLBE) finished Wednesday with a subtraction of -$2.04 to close at $36.74, a downside of -5.26 percent. An average of 2,394,920 shares of common stock have been traded in the last five days. There was a fall of -$5.24 in the past week, and it reached a new high 20 times over the past 12 months. The last 20 days have seen an average of 1,553,040 shares traded, while the 50-day average volume stands at 1,557,906.
GLBE stock has decreased by -15.77% in the last month. The company shares reached their 1-month lowest point of $35.30 on 08/08/23. With the stock rallying to its 52-week high on 07/13/23, shares of the company touched a low of $18.14 and a high of $45.72 in 52 weeks. It has reached a new high 32 times so far this year and achieved 78.00% or $16.10 in price. In spite of this, the price is down -19.64% from the 52-week high.
Valuation Metrics
Global-e Online Ltd. (GLBE) stock’s beta is 1.33. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 13.49, the price-to-book (PB) ratio at 6.39, and the price-to-cash flow ratio at 110.70.
Financial Health
The quick ratio of Global-e Online Ltd. for the three months ended June 29 was 2.10, and the current ratio was 2.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Global-e Online Ltd.’s EBITDA margin for the year ending June 29 is -34.04%, while its operating margin for the same period stands at -39.90%. Its gross profit as reported stood at $158.18 million compared to revenue of $409.05 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Global-e Online Ltd.’s return on assets was -16.60%.
Earnings Surprise
For the three-month period that ended June 29, Global-e Online Ltd. had $63.17 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$195.41 million in the quarter, while revenues were grew 61.65%. The analyst consensus anticipated Global-e Online Ltd.’s latest quarter earnings to come in at -$0.25 per share, but it turned out to be -$0.22, a 12.00% surprise. For the quarter, EBITDA amounted to $6.59 million. At the end of the quarter ending June 29, Global-e Online Ltd.’s stock balance sheet showed total liabilities of 198.38 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Global-e Online Ltd. (GLBE) price momentum. RSI 9-day as of the close on 09 August was 24.40%, suggesting the stock is oversold, with historical volatility in this time frame at 55.69%.
As of today, GLBE’s price is $39.78 -12.48% or -$5.24 from its 5-day moving average. GLBE is currently trading -17.79% lower than its 20-day SMA and +29.87% higher than its 100-day SMA. However, the stock’s current price level is +14.10% above the SMA50 and +54.30% above the SMA200.
The stochastic %K and %D were 22.90% and 20.46%, respectively, and the average true range (ATR) was 2.41. With the 14-day stochastic at 14.44% and the average true range at 2.20, the RSI (14) stands at 33.29%. The stock has reached -2.86 on the 9-day MACD Oscillator while the 14-day reading was at -2.88.
Analyst Ratings
The Benchmark Company launched coverage on Global-e Online Ltd. (NASDAQ: GLBE) in its analyst report released on August 07, 2023. The firm assigned the stock a Buy rating. The consensus rating for Global-e Online Ltd. (GLBE) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell GLBE, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 8 others rate it as a “buy”.
What is GLBE’s price target for the next 12 months?
Analysts predict a range of price targets between $41.00 and $54.00, with a median target of $45.00. Taking a look at these predictions, the average price target given by analysts for Global-e Online Ltd. (GLBE) stock is $46.27.
