Global-E Online (GLBE) Scheduled to Post Earnings on Wednesday

Global-E Online (NASDAQ:GLBE) is scheduled to be announcing its earnings results before the market opens on Wednesday, November 20th. Analysts expect the company to announce earnings of ($0.15) per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Global-E Online Price Performance

Shares of NASDAQ:GLBE opened at $40.82 on Tuesday. Global-E Online has a fifty-two week low of $28.11 and a fifty-two week high of $43.52. The business has a 50-day moving average of $38.28 and a two-hundred day moving average of $34.85. The stock has a market capitalization of $6.70 billion, a P/E ratio of -62.80 and a beta of 1.10.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on GLBE shares. Bank of America reduced their price target on Global-E Online from $47.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Morgan Stanley lowered Global-E Online from an “overweight” rating to an “equal weight” rating and set a $40.00 price objective on the stock. in a research note on Friday, October 18th. Benchmark boosted their price objective on Global-E Online from $41.00 to $45.00 and gave the stock a “buy” rating in a research report on Monday. UBS Group cut their price objective on Global-E Online from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, October 18th. Finally, Jefferies Financial Group boosted their price objective on Global-E Online from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $44.27.

Global-E Online Company Profile

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.