At the last check on Friday, Global-e Online Ltd.’s (NASDAQ:GLBE) stock was up $0.22, moving up 0.60 percent to $36.68. The average number of shares traded per day over the past five days has been 921,260 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.39 fall in that time frame. In the last twenty days, the average volume was 1,377,755, while in the previous 50 days, it was 1,392,578.
Since last month, GLBE stock retreated -12.54%. Shares of the company fell to $34.75 on 08/18/23, the lowest level in the past month. A 52-week high of $45.72 was reached on 07/13/23 after having rallying from a 52-week low of $18.14. Since the beginning of this year, GLBE’s stock price has risen by 77.71% or $15.85, and marked a new high 32 times. However, the stock has declined by -19.77% since its 52-week high.
Valuation Metrics
The stock’s beta is 1.39. Besides these, the trailing price-to-sales (P/S) ratio of 12.11, the price-to-book (PB) ratio of 6.50, and the price-to-cash flow ratio of 142.12 may also be considered.
Financial Health
In the three months ended June 29, Global-e Online Ltd.’s quick ratio stood at 2.10, while its current ratio was 2.10, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 39.80% percent. In the year ended June 29, EBITDA margin amounted to -34.04%, whereas operating margins totaled -33.60%. Based on annual data, GLBE earned $158.18 million in gross profit and brought in $409.05 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -19.80%. Return on equity (ROE) for the past 12 months was -18.60%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. GLBE’s revenue rose 40.04% during the quarter, while net income inched up to $409.05 million. While analysts expected Global-e Online Ltd. to report -$0.25 quarterly earnings, the actual figure was -$0.22 per share, beating the consensus estimate by 12.00%. During the quarter, the company generated $6.59 million in EBITDA. The liabilities of Global-e Online Ltd. were 198.38 million at the end of its most recent quarter ended June 29, and its total debt was $22.59 million.
Technical Picture
This quick technical analysis looks at Global-e Online Ltd.’s (GLBE) price momentum. With a historical volatility rate of 51.77%, the RSI 9-day stood at 33.05% on 17 August.
With respect to its five-day moving average, the current Global-e Online Ltd. price is down by -1.06% percent or -$0.39. At present, GLBE shares trade -12.43% below its 20-day simple moving average and +24.79% percent above its 100-day simple moving average. However, the stock is currently trading approximately +7.36% above its SMA50 and +44.29% above its SMA200.
Stochastic coefficient K was 17.40% and Stochastic coefficient D was 20.96%, while ATR was 1.97. Given the Stochastic reading of 16.62% for the 14-day period, the RSI (14) reading has been calculated as 37.15%. As of today, the MACD Oscillator reading stands at -0.46, while the 14-day reading stands at -2.15.
Analyst Ratings
The Benchmark Company launched its rating on Global-e Online Ltd. (NASDAQ: GLBE) to a Buy in a note to investors on August 07, 2023. Global-e Online Ltd. (GLBE) has been rated Buy by analysts. According to 0 brokerage firms, GLBE is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Global-e Online Ltd. stock as buy, with 8 recommending it as overweight.
With a median target price of $45.00, the current consensus forecast for the stock is $41.00 – $54.00. Based on these forecasts, analysts predict Global-e Online Ltd. (GLBE) will achieve an average price target of $46.27.
