Should I buy or sell Global-E Online stock right now?

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Global-E Online in the last year. There are currently 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" GLBE shares. View GLBE analyst ratings or view top-rated stocks .

What is Global-E Online's stock price target for 2024?

11 Wall Street research analysts have issued 1-year price objectives for Global-E Online's shares. Their GLBE share price targets range from $37.00 to $50.00. On average, they expect the company's stock price to reach $43.83 in the next year. This suggests a possible upside of 43.9% from the stock's current price. View analysts price targets for GLBE or view top-rated stocks among Wall Street analysts .

How have GLBE shares performed in 2024?

Global-E Online's stock was trading at $39.63 at the start of the year. Since then, GLBE stock has decreased by 23.1% and is now trading at $30.46. View the best growth stocks for 2024 here .

Are investors shorting Global-E Online?

Global-E Online saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 8,730,000 shares, a decline of 10.6% from the April 30th total of 9,760,000 shares. Based on an average daily volume of 1,330,000 shares, the days-to-cover ratio is presently 6.6 days. Approximately 9.4% of the company's stock are sold short. View Global-E Online's Short Interest .

When is Global-E Online's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 13th 2024. View our GLBE earnings forecast .

How were Global-E Online's earnings last quarter?

Global-E Online Ltd. (NASDAQ:GLBE) announced its quarterly earnings data on Monday, May, 20th. The company reported ($0.19) EPS for the quarter, beating the consensus estimate of ($0.23) by $0.04. The business had revenue of $145.90 million for the quarter, compared to the consensus estimate of $141.55 million. Global-E Online had a negative net margin of 20.52% and a negative trailing twelve-month return on equity of 18.05%. The company's quarterly revenue was up 24.1% compared to the same quarter last year. During the same period last year, the company posted ($0.26) earnings per share.

What ETFs hold Global-E Online's stock?

ETFs with the largest weight of Global-E Online (NASDAQ:GLBE) stock in their portfolio include Amplify Bluestar Israel Technology ETF (ITEQ) , Global X E-Commerce ETF (EBIZ) , ARK Fintech Innovation ETF (ARKF) , ProShares Online Retail ETF (ONLN) , ProShares Long Online/Short Stores ETF (CLIX) , iShares MSCI Israel ETF (EIS) , VanEck Israel ETF (ISRA) and Franklin Disruptive Commerce ETF (BUYZ) .

What guidance has Global-E Online issued on next quarter's earnings?

Global-E Online updated its second quarter 2024 earnings guidance on Tuesday, May, 21st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $162.5 million-$168.5 million, compared to the consensus revenue estimate of $170.5 million.

When did Global-E Online IPO?

Global-E Online (GLBE) raised $360 million in an initial public offering on Wednesday, May 12th 2021. The company issued 15,000,000 shares at a price of $23.00-$25.00 per share. Goldman Sachs, Morgan Stanley, Jefferies, Piper Sandler, JMP Securities, KeyBanc Capital Markets and Raymond James served as the underwriters for the IPO.

Who are Global-E Online's major shareholders?

Global-E Online's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Capital World Investors (3.03%), Sumitomo Mitsui Trust Holdings Inc. (1.45%), Nikko Asset Management Americas Inc. (1.34%), Allspring Global Investments Holdings LLC (1.19%), Allspring Global Investments Holdings LLC (1.19%) and Brown Capital Management LLC (1.16%).

How do I buy shares of Global-E Online?

Shares of GLBE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

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NASDAQ:GLBE

Global-E Online (GLBE) Stock Price, News & Analysis

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$30.56

+1.14 (+3.87%)

(As of 03:03 PM ET)

Compare

Today's Range: $29.20
▼
$30.77
50-Day Range: $28.40
▼
$37.60
52-Week Range: $27.30
▼
$45.72

Volume: 605,311 shs
Average Volume: 1.20 million shs
Market Capitalization: $5.02 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $43.83

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Global-E Online MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 43.9% Upside
$43.83 Price Target
Short Interest: Healthy
9.39% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.68
Based on 18 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.52) to $0.01 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.60 out of 5 stars

Retail/Wholesale Sector

108th out of 200 stocks

Prepackaged Software Industry

101st out of 203 stocks

4.5

Analyst's Opinion

Consensus Rating
Global-E Online has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 11 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Global-E Online has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.
Read more about Global-E Online's stock forecast and price target.

3.0

Short Interest

Percentage of Shares Shorted
9.39% of the float of Global-E Online has been sold short.
Short Interest Ratio / Days to Cover
Global-E Online has a short interest ratio ("days to cover") of 6.6.
Change versus previous month
Short interest in Global-E Online has recently decreased by 10.55%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Global-E Online does not currently pay a dividend.
Dividend Growth
Global-E Online does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for GLBE.

3.2

News and Social Media Coverage

News Sentiment
Global-E Online has a news sentiment score of 0.68. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Retail/Wholesale companies.
News Coverage This Week
MarketBeat has tracked 18 news articles for Global-E Online this week, compared to 4 articles on an average week.
Search Interest
9 people have searched for GLBE on MarketBeat in the last 30 days. This is an increase of 125% compared to the previous 30 days.
MarketBeat Follows
16 people have added Global-E Online to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Global-E Online insiders have not sold or bought any company stock.
Percentage Held by Insiders
11.60% of the stock of Global-E Online is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
94.60% of the stock of Global-E Online is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Read more about Global-E Online's insider trading history.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Global-E Online are expected to grow in the coming year, from ($0.52) to $0.01 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Global-E Online is -41.16, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Global-E Online is -41.16, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Global-E Online has a P/B Ratio of 5.30. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
Read more about Global-E Online's valuation and earnings.

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About Global-E Online Stock (NASDAQ:GLBE)

Global-E Online Ltd., together with its subsidiaries, provides a platform to enable and accelerate direct-to-consumer cross-border e-commerce in Israel, the United Kingdom, the United States, and internationally. Its platform enables international shoppers to buy online and merchants to sell from, and to, worldwide. The company was incorporated in 2013 and is headquartered in Petah Tikva, Israel.

GLBE Stock Price History

30 days | 90 days | 365 days | Advanced Chart

GLBE Stock News Headlines

May 23, 2024 | marketbeat.com

Global-e Online is a Must-Own eCommerce Stock

Global-e Online NASDAQ: GLBE is succeeding because it offers three things merchants need in one place: eCommerce, direct-to-consumer access, and international expansion. eCommerce is entrenched in our lives and a requirement for any business today.

May 23, 2024 | marketbeat.com

Global-e Online is a Must-Own eCommerce Stock

Global-e is a leader in eCommerce cross-border transactions and DTC expansions for leading players, and it is outperforming expectations.