In the last trading session, 1.33 million shares of the Global-E Online Ltd. (NASDAQ:GLBE) were traded. Most recently the company’s share price was $57.83, and it changed around -$3.57 or -5.81% from the last close, which brings the market valuation of the company to $8.89B. GLBE currently trades at a discount to its 52-week high of $83.77, offering almost -44.86% off that amount. The share price’s 52-week low was $24.22, which indicates that the current value has risen by an impressive 58.12% since then. We note from Global-E Online Ltd.’s average daily trading volume that its 10-day average is 1.52 million shares, with the 3-month average coming to 1.25 million.
Global-E Online Ltd. stock received a consensus recommendation rating of a Buy, based on a mean score of 1.80. If we narrow it down even further, the data shows that 0 out of 6 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended GLBE as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. Global-E Online Ltd. is expected to report earnings per share of $0.01 for the current quarter.
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Instantly GLBE has showed a red trend with a performance of -5.81% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 68.84 on Monday, 10/11/21 increased the stock’s daily price by 15.99%. The company’s shares are currently up 126.78% year-to-date, but still down -12.02% over the last five days. On the other hand, Global-E Online Ltd. (NASDAQ:GLBE) is -14.07% down in the 30-day period. We can see from the shorts that 0.94 million shares have been sold at a short interest cover period of 0.58 day(s).
The consensus price target as assigned by Wall Street analysts is $80.50, which translates to bulls needing to increase their stock price by 28.16% from its current value. Analyst projections state that GLBE is forecast to be at a low of $80.00 and a high of $83.00. In order for the stock price to hit the forecast high, the stock would need to plunge -43.52% from its current level, while the stock would need to crash -38.34% from its current level to reach the projected low.
Global-E Online Ltd. (GLBE) estimates and forecasts
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of $55.57 million in revenue for the current quarter. 5 analysts expect Global-E Online Ltd. to make $70.93 million in revenue for the quarter ending Dec 2021.
Global-E Online Ltd.’s next quarterly earnings report is expected to be released in November.
Global-E Online Ltd. (NASDAQ:GLBE)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 31.64% of Global-E Online Ltd. shares, and 41.21% of them are in the hands of institutional investors. The stock currently has a share float of 60.29%. Global-E Online Ltd. stock is held by 70 institutions, with Vitruvian Partners, LLP being the largest institutional investor. By Jun 29, 2021, it held 18.00% of the shares, which is about 26.22 million shares worth $1.5 billion.
FMR, LLC, with 3.02% or 4.4 million shares worth $251.32 million as of Jun 29, 2021, holds the second largest percentage of outstanding shares.
Fidelity Advisor Growth Opportunities Fund and Fidelity OTC Portfolio were the top two Mutual Funds as of Jul 30, 2021. The former held 1.88 million shares worth $130.6 million, making up 1.29% of all outstanding shares. On the other hand, Fidelity OTC Portfolio held roughly 1.08 million shares worth around $75.43 million, which represents about 0.74% of the total shares outstanding.