E-commerce has been languishing in the last year. After a boom in online shopping activity early in the pandemic, brick-and-mortar stores are making a comeback. Many e-commerce stocks have been in the doldrums as a result.
Global-e Online (NASDAQ: GLBE) is bucking the trend, though, putting up blistering growth to close out 2022 and forecasting another record year for 2023. Watch this top digital commerce company closely in the year ahead.
As with many new software-based companies, the bear market was especially brutal to Global-e. The stock is down some 65% from all-time highs reached in 2021 not long after its IPO. But Global-e shares have been showing signs of life again, rising nearly 50% since December.
For further details see:
1 Small E-Commerce Stock to Watch Closely In 2023