Global-E Online Ltd.

Global-E Online Ltd. (NASDAQ: GLBE) is a software publisher based in Israel which enables cross-border direct-to-consumer e-commerce through its e-commerce platform Global-e. The platform was created specifically for international customers to make smooth online purchases and for merchants to sell around the globe.

Key Highlights

• The company reported YoY surge of 77.40% in revenues to USD 59.12 million in Q3FY21 (ended September 30, 2021) compared to USD 33.33 million in Q3FY20.
• GLBE reported a net loss (attributable to common shareholders) of USD 28.47 million in Q3FY21 vs. a net income of USD 0.23 million in Q3FY20.
• As of September 30, 2021, the company had cash and cash equivalents (including short-term investments) of USD 492.50 million and no outstanding debt.
• Its net margin in Q3FY21 was -48.2%, whereas the peer median stood at 2.1%.
• On November 24, 2021, GLBE signed an agreement to acquire Flow Commerce Inc., a technology-based cross-border e-commerce software solution for emerging companies. The acquisition is expected to further GLBE’s capabilities by providing access to a larger addressable market of small merchants who are not currently qualified to use its services.
• Stock is currently trading above its crucial short-term 50-day SMA support level.
• The stock is currently leaning towards the higher band of its 52-week range of USD 24.22 to USD 83.77.
• GLBE's stock price has surged 90.66% in the past six months.

Technical Price Chart (as of November 29, 2021). Analysis by Kalkine

Conclusion: The company's bottom-line performance deteriorated in Q3FY21 compared to the previous comparable period. Given the lackluster fundamentals, a significant surge in the stock price in the past six months and lack of visibility in bottom-line growth, we recommend an "Avoid" rating on the stock at the closing price of USD 62.65, down 0.38% as of November 29, 2021.

*The reference data in this report has been partly sourced from REFINITIV.

Romeo Power, Inc.

Romeo Power, Inc. (NYSE: RMO) is engaged in energy storage technology, specializing in developing and manufacturing lithium-ion battery modules and packs for commercial electric cars.

Key Highlights

• The company reported a YoY surge of 753.19% in revenues to USD 5.76 million in Q3FY21 (ended September 30, 2021) compared to USD 0.68 million in Q3FY20.
• RMO's net loss increased to USD 17.95 million during Q3FY21 from USD 8.92 million in Q3FY20.
• As of September 30, 2021, the company had cash and cash equivalents (including short-term investments) of USD 181.08 million and total debt of USD 0.04 million.
• Its ROE in Q3FY21 was -5.7%, whereas the peer median stood at 3.0%.
• On October 04, 2021, RMO has leased a new Class A, state-of-the-art headquarters and manufacturing facility in Cypress, California. RMO will use the facility to expand its battery development and testing capabilities close to its production line, enabling accelerated innovation and market time.
• Stock is currently trading below its crucial short-term (50-day) and long-term (200-day) SMA support levels, a bearish indicator.
• The stock is currently leaning towards the lower band of its 52-week range of USD 3.94 to USD 38.90.
• RMO's stock price decreased 69.15% in the past nine months.

Technical Price Chart (as of November 29, 2021). Analysis by Kalkine

Conclusion: Considering the decline in bottom-line in Q3FY21, continued net losses, lackluster fundamentals, and unfavorable technical indications, we recommend an "Avoid" rating on the stock at the closing price of USD 4.02, down 0.50% as of November 29, 2021.

*The reference data in this report has been partly sourced from REFINITIV.

Cheetah Mobile Inc.

Cheetah Mobile Inc. (NYSE: CMCM) is an internet company that provides various internet products, including Clean Master, Security Master, and several casual games. It also offers advertisers worldwide advertising services and value-added services to its consumers, such as premium membership and in-app virtual products.

Key Highlights

• The company reported a YoY decline of 46.29% in revenues to RMB 196.11 million in Q3FY21 (ended September 30, 2021) compared to RMB 365.10 million in Q3FY20.
• CMCM reported a net loss (attributable to common shareholders) of USD 49.45 million in Q3FY21 vs. net income of USD 259.17 million in Q3FY20.
• As of September 30, 2021, the company had cash and cash equivalents (including short-term investments) of USD 1.85 billion and no outstanding debt.
• Its net margin in FY20 was 26.5%, whereas the peer median stood at -4.0%.
• Stock is currently trading below its crucial short-term (50-day) and long-term (200-day) SMA support levels, a bearish indicator.
• The stock is currently leaning towards the lower band of its 52-week range of USD 1.42 to USD 5.00.
• CMCM's stock price decreased 51.06% in the past nine months.

Technical Price Chart (as of November 29, 2021). Analysis by Kalkine

Conclusion: The company's bottom-line performance deteriorated in Q3FY21 compared to the previous comparable period. Considering the lackluster fundamentals, a significant decline in the stock price in the past nine months, and lack of visibility in profitability, we recommend an "Avoid" rating on the stock at the current price of USD 1.42910, as of November 29, 2021, 03:01 PM ET.

*The reference data in this report has been partly sourced from REFINITIV.