Market Insights: Global E Online Ltd (GLBE)’s Notable Gain of 0.67, Closing at 34.79

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As of close of business last night, Global E Online Ltd’s stock clocked out at $34.79, up 0.67% from its previous closing price of $34.56. In other words, the price has increased by $0.67 from its previous closing price. On the day, 1.12 million shares were traded. GLBE stock price reached its highest trading level at $34.88 during the session, while it also had its lowest trading level at $33.89.

Ratios:

To gain a deeper understanding of GLBE’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 17.01 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 47.14. For the most recent quarter (mrq), Quick Ratio is recorded 2.28 and its Current Ratio is at 2.28. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.02.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Morgan Stanley on May 21, 2024, Upgraded its rating to Overweight and sets its target price to $37 from $33 previously.

On January 17, 2024, Wells Fargo started tracking the stock assigning a Overweight rating and target price of $50.

On September 22, 2023, UBS started tracking the stock assigning a Buy rating and target price of $50.UBS initiated its Buy rating on September 22, 2023, with a $50 target price.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Aug 16 ’24 when Deutsche Post Beteiligungen Ho bought 1,669,922 shares for $31.53 per share.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GLBE now has a Market Capitalization of 5809651712 and an Enterprise Value of 5490214400. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.18 while its Price-to-Book (P/B) ratio in mrq is 6.61. Its current Enterprise Value per Revenue stands at 8.675 whereas that against EBITDA is 76.096.

Stock Price History:

Over the past 52 weeks, GLBE has reached a high of $42.88, while it has fallen to a 52-week low of $27.30. The 50-Day Moving Average of the stock is 2.86%, while the 200-Day Moving Average is calculated to be -0.40%.

Shares Statistics:

It appears that GLBE traded 1.25M shares on average per day over the past three months and 1526040 shares per day over the past ten days. A total of 165.77M shares are outstanding, with a floating share count of 94.72M. Insiders hold about 43.28% of the company’s shares, while institutions hold 54.72% stake in the company. Shares short for GLBE as of 1722384000 were 7334719 with a Short Ratio of 5.86, compared to 1719532800 on 8762690. Therefore, it implies a Short% of Shares Outstanding of 7334719 and a Short% of Float of 7.6.

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