Why Global-e Online Stock Took Off Today [Yahoo! Finance]
Global-E Online Ltd. - ordinary shares (GLBE)
Company Research
Source: Yahoo! Finance
As of 11:30 a.m. ET, Global-e stock was only up 6%, but it had been up 20% earlier in the day. Growth is faster than expected Global-e's software allows companies to operate e-commerce businesses across international borders with ease. In Q1, the company processed $930 million in merchandise volume, up 32% year over year and ahead of management's most optimistic guidance of $915 million. Considering it's doing more business than expected, Global-e's revenue and adjusted profits came in a little higher than expected. Consequently, management modestly raised its guidance in both categories for 2024. Ultimately, I believe it's this higher financial guidance that has investors cheering Global-e stock higher today. Global-e is getting more profitable There are two particularly encouraging trends with Global-e's business right now. First, the company's gross profit margin is consistently ticking higher as it grows. The same is true for its free cash flow, as the chart shows. Tha
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GLBE
News
- 1 Unstoppable Growth Stock Trading at a Price You May Never See Again [Yahoo! Finance]Yahoo! Finance
- Global-E Online Ltd. (NASDAQ: GLBE) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $46.00 price target on the stock.MarketBeat
- Global-E Online First Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Global-E Online Ltd. (NASDAQ: GLBE) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $46.00 price target on the stock.MarketBeat
- Global-E Online Ltd. (NASDAQ: GLBE) had its "buy" rating re-affirmed by analysts at Benchmark Co.. They now have a $41.00 price target on the stock.MarketBeat
GLBE
Earnings
- 5/20/24 - Beat
GLBE
Sec Filings
- 6/21/24 - Form 6-K
- 6/11/24 - Form 144
- 6/6/24 - Form 144
- GLBE's page on the SEC website