Market Recap: Global E Online Ltd (GLBE)’s Negative Momentum, Closing at 30.15

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The closing price of Global E Online Ltd (NASDAQ: GLBE) was $30.15 for the day, down -0.79% from the previous closing price of $30.39. In other words, the price has decreased by -$0.79 from its previous closing price. On the day, 1.11 million shares were traded. GLBE stock price reached its highest trading level at $30.37 during the session, while it also had its lowest trading level at $29.65.


Our analysis of GLBE’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 16.90 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 64.99. For the most recent quarter (mrq), Quick Ratio is recorded 2.35 and its Current Ratio is at 2.35. 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.

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 5074877952 and an Enterprise Value of 4735060992. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.42 while its Price-to-Book (P/B) ratio in mrq is 5.65. Its current Enterprise Value per Revenue stands at 7.916 whereas that against EBITDA is 80.815.

Stock Price History:

Over the past 52 weeks, GLBE has reached a high of $45.72, while it has fallen to a 52-week low of $27.30. The 50-Day Moving Average of the stock is -7.45%, while the 200-Day Moving Average is calculated to be -15.99%.

Shares Statistics:

GLBE traded an average of 1.29M shares per day over the past three months and 1184220 shares per day over the past ten days. A total of 165.77M shares are outstanding, with a floating share count of 93.38M. Insiders hold about 44.08% of the company’s shares, while institutions hold 56.00% stake in the company. Shares short for GLBE as of 1715731200 were 8734926 with a Short Ratio of 6.76, compared to 1713139200 on 9317529. Therefore, it implies a Short% of Shares Outstanding of 8734926 and a Short% of Float of 9.060001.

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