EBIZ Stock Summary and Trading Ideas (Global X E-Commerce ETF | NASDAQ:EBIZ)

The Global X E-commerce ETF (EBIZ) seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive E-commerce Index. The Global X E-commerce ETF (EBIZ) seeks to invest in companies positioned to benefit from the increased adoption of E-commerce as a distribution model, including companies whose principal business is in operating E-commerce platforms, providing E-commerce software and services, and/or selling goods and services online.

Global X E-Commerce ETF trades on the NASDAQ stock market under the symbol EBIZ.

As of April 25, 2024, EBIZ stock price declined to $22.46 with 429 million shares trading.

EBIZ has a market cap of $68.73 million. This is considered a Micro Cap stock.

In the last 3 years, EBIZ stock traded as high as $36.05 and as low as $13.94.

EBIZ has outperformed the market in the last year with a return of +30.1%, while the SPY ETF gained +22.5%. In the last 3 month period, EBIZ beat the market returning +8.2%, while SPY returned +3.1%. However, in the most recent 2 weeks EBIZ has underperformed the stock market by returning -3.8%, while SPY returned -3.0%.

EBIZ support price is $22.50 and resistance is $23.16 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EBIZ stock will trade within this expected range on the day.