GLBE Stock Summary and Trading Ideas (Global E Online | NASDAQ:GLBE)

Global E Online Ltd provides e-commerce solutions. The company offers a platform to enable and accelerate global, direct-to-consumer cross-border e-commerce. The platform was purpose-built for international shoppers to buy seamlessly online and for merchants to sell from, and, anywhere in the world. The company localizes the shopper experience to make international transactions as seamless as domestic ones. The platform increases the conversion of international traffic into sales by removing much of the complexity associated with international e-commerce.

Global E Online trades on the NASDAQ stock market under the symbol GLBE.

As of January 13, 2025, GLBE stock price declined to $53.09 with 1,214,992 million shares trading.

GLBE has a beta of 1.22, meaning it tends to be more sensitive to market movements. GLBE has a correlation of 0.11 to the broad based SPY ETF.

GLBE has a market cap of $8.87 billion. This is considered a Mid Cap stock.

Last quarter Global E Online reported $176 million in Revenue and -$.13 earnings per share. This beat revenue expectation by $7 million and exceeded earnings estimates by $.02.

In the last 3 years, GLBE traded as high as $57.85 and as low as $15.63.

The top ETF exchange traded funds that GLBE belongs to (by Net Assets): IEFA, ARKF, EFA, EFG, IXUS.

GLBE has outperformed the market in the last year with a return of +34.5%, while the SPY ETF gained +23.5%. In the last 3 month period, GLBE beat the market returning +43.5%, while SPY returned +1.3%. However, in the most recent 2 weeks GLBE has underperformed the stock market by returning -3.5%, while SPY returned -2.3%.

GLBE support price is $52.28 and resistance is $54.56 (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 GLBE shares will trade within this expected range on the day.