In yesterday’s Wall Street session, Global E Online Ltd (NASDAQ:GLBE) shares traded at $49.89, up 4.24% from the previous session.
GLBE stock price is now 28.25% away from the 50-day moving average and 41.77% away from the 200-day moving average. The market capitalization of the company currently stands at $8.33B.
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With the price target maintained at $40, Morgan Stanley recently Downgraded its rating from Overweight to Equal-Weight for Global E Online Ltd (NASDAQ: GLBE). On May 21, 2024, Morgan Stanley Upgraded its previous ‘Equal-Weight’ rating to ‘Overweight’ on the stock increasing its target price from $33 to quote $37, while ‘Wells Fargo’ rates the stock as ‘Overweight’
In other news, Nir Debbi, Director bought 36,000 shares of the company’s stock on Nov 21 ’24. The stock was bought for $1,796,040 at an average price of $49.89. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 21 ’24, Director Amir Schlachet bought 24,000 shares of the business’s stock. A total of $1,197,360 was incurred on buying the stock at an average price of $49.89. A total of 42.58% of the company’s stock is owned by insiders.
During the past 12 months, Global E Online Ltd has had a low of $28.11 and a high of $52.26. As of last week, the company has a debt-to-equity ratio of 0.03, a current ratio of 2.18, and a quick ratio of 2.18. The fifty day moving average price for GLBE is $38.6458 and a two-hundred day moving average price translates $35.139824 for the stock.
The latest earnings results from Global E Online Ltd (NASDAQ: GLBE) was released for 2024-06-30. The net profit margin was -14.68% and return on equity was -11.16% for GLBE. The company reported revenue of $175.97 million for the quarter, compared to $133.6 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 31.71 percent.
