Is Global-E Online Ltd. (NASDAQ: GLBE) Worth Your Money In 2021?

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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.

GLBE Dividends

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.

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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.