Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Global-E Online Ltd before investing.

In this article, we go over a few key elements for understanding Global-E Online Ltd’s stock price such as:

• Global-E Online Ltd’s current stock price and volume
• Why Global-E Online Ltd’s stock price changed recently
• Upgrades and downgrades for GLBE from analysts
• GLBE’s stock price momentum as measured by its relative strength

About Global-E Online Ltd (GLBE)

Before we jump into Global-E Online Ltd’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Global-E Online Ltd is an Israel-based company operates as a software publisher. It develops e-commerce platform Global-e which enable direct-to-consumer cross-border e-commerce. Through its end-to-end solutions that combine localization capabilities, big-data business intelligence models, international logistics and cross-border experience, it enables retailers and brands to increase international traffic conversion and sales and achieve global online growth. The Company operates from seven offices worldwide and is the chosen partner of retailers and brands across the United States, Europe and Asia.

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Global-E Online Ltd’s Stock Price as of Market Close

As of May 08, 2024, 3:59 PM, CST, Global-E Online Ltd’s stock price was $29.86.

Global-E Online Ltd is down 8.66% from its previous closing price of $32.69.

During the last market session, Global-E Online Ltd’s stock traded between $32.10 and $32.89. Currently, there are 165.64 million shares of Global-E Online Ltd stock available for purchase.

Unfortunately, Global-E Online Ltd’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

Global-E Online Ltd Stock Price History

Global-E Online Ltd’s (GLBE) price is currently down 10.95% so far this month.

During the month of May, Global-E Online Ltd’s stock price has reached a high of $34.20 and a low of $29.72.

Over the last year, Global-E Online Ltd has hit prices as high as $45.72 and as low as $27.30. Year to date, Global-E Online Ltd’s stock is up 44.67%.

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What Caused Global-E Online Ltd Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of May 07, 2024, there were 7 analysts who downgraded Global-E Online Ltd’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Global-E Online Ltd’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Global-E Online Ltd’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Global-E Online Ltd’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Global-E Online Ltd (GLBE) by visiting AAII Stock Evaluator.

Relative Price Strength of Global-E Online Ltd

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of May 07, 2024, Global-E Online Ltd has a weighted four-quarter relative price strength of -7.09%, which translates to a Momentum Score of 37 and is considered to be Weak.

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Global-E Online Ltd Stock Price: Bottom Line

As of May 8, 2024, Global-E Online Ltd’s stock price is $29.86, which is down 8.66% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Global-E Online Ltd stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.