There is no way Global-E Online Ltd. (GLBE) can keep these numbers up

Global-E Online Ltd. (NASDAQ: GLBE) stock jumped 7.09% on Monday to $26.89 against a previous-day closing price of $25.11. With 0.82 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.23 million shares. During the session, the Internet Retail company that operates in wider Consumer Cyclical sector, reached to the highest price of $26.96 whereas the lowest price it dropped to was $25.12. The 52-week range on GLBE shows that it touched its highest point at $47.70 and its lowest point at $15.63 during that stretch. It currently has a 1-year price target of $34.67.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GLBE was up-trending over the past week, with a rise of 10.61%, but this was up by 32.99% over a month. Three-month performance surged to 12.94% while six-month performance rose 15.31%. The stock lost -25.35% in the past year, while it has gained 30.28% so far this year. A look at the trailing 12-month EPS for GLBE yields -1.22 with Next year EPS estimates of -1.10. For the next quarter, that number is -0.29. This implies an EPS growth rate of -1600.00% for this year and 18.50% for next year.

Float and Shares Shorts:

At present, 158.79 million GLBE shares are outstanding with a float of 124.52 million shares on hand for trading. On Oct 13, 2022, short shares totaled 8.15 million, which was 5.21% higher than short shares on Sep 14, 2022. In addition to Mr. Amir Schlachet as the firm’s Co-Founder, CEO & Chairman, Mr. Nir Debbi serves as its Co-Founder, Pres & Director.

Institutional Ownership:

Through their ownership of 67.46% of GLBE’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 29.37% of GLBE, in contrast to 16.96% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in GLBE with 9.66% of the stake, Abdiel Capital Advisors LP holds 15,119,399 shares worth 15,119,399. A second-largest stockholder of GLBE, Goldman Sachs & Co. LLC, holds 7,618,199 shares, controlling over 4.87% of the firm’s shares. Morgan Stanley Investment Managem is the third largest shareholder in GLBE, holding 7,108,531 shares or 4.54% stake. With a 1.54% stake in GLBE, the Catalyst Eventide Gilead Fund is the largest stakeholder. A total of 2,403,371 shares are owned by the mutual fund manager. The Fidelity Advisor Series I -Growth, which owns about 1.45% of GLBE stock, is the second-largest Mutual Fund holder. It holds 2,273,808 shares valued at 46.93 million. Artisan Mid Cap Fund holds 1.00% of the stake in GLBE, owning 1,564,579 shares worth 32.29 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GLBE since 10 analysts follow the stock currently. There are 9 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With GLBE analysts setting a high price target of $46.00 and a low target of $26.00, the average target price over the next 12 months is $34.00. Based on these targets, GLBE could surge 71.07% to reach the target high and fall by -3.31% to reach the target low. Reaching the average price target will result in a growth of 26.44% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. GLBE will report FY 2022 earnings on 02/15/2024. Analysts have provided yearly estimates in a range of -$1.31 being high and -$1.44 being low. For GLBE, this leads to a yearly average estimate of -$1.36. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Global-E Online Ltd. surprised analysts by -$0.11 when it reported -$0.41 EPS against a consensus estimate of -$0.30. The surprise factor in the prior quarter was -$0.01. Based on analyst estimates, the high estimate for the next quarter is -$0.24 and the low estimate is -$0.37. The average estimate for the next quarter is thus -$0.29.

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