Shopify shares plunge nearly 20 per cent on lower-than-expected forecast for next quarter [Globe and Mail, The (Toronto, Canada)]
Global-E Online Ltd. - ordinary shares (GLBE)
Company Research
Source: Globe and Mail, The
company's lower-than-expected estimates for next quarter's revenue and margins, amid mixed forecasts on consumer spending. The e-commerce software company, which reports in U.S. dollars, had a net loss of US$273-million in the quarter, largely accountable to the fluctuating value of its equity holdings in three other companies. Shopify has a combined stake of over US$2-billion in Global-E Online Ltd., Affirm Holdings, Inc and Klaviyo, Inc., all of whose share prices slid over the past quarter, ended March 31. Factoring out that US$373-million loss and other expenses, Shopify had adjusted net income of US$256-million for the quarter, compared to US$12-million last year. The company's revenue slightly beat analyst consensus, climbing 23 per cent to US$1.9-billion, from US$1.51-billion last year, or 29 per cent when adjusting for the impact of the 2023 sale of its logistics business, Flexport. Gross merchandise volume, the value of the sales made over Shopify's platform, was also u
Show less
Read more
Impact Snapshot
Event Time:
GLBE
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
GLBE alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
GLBE alerts
High impacting Global-E Online Ltd. - ordinary shares news events
Weekly update
A roundup of the hottest topics
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
- 5/20/24 - Form 6-K
- 5/10/24 - Form 6-K
- 4/8/24 - Form 144
- GLBE's page on the SEC website