A share price of Global Medical REIT Inc [GMRE] is currently trading at $9.03, up 2.96%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The GMRE shares have gain 8.40% over the last week, with a monthly amount glided 8.93%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Global Medical REIT Inc [NYSE: GMRE] stock has seen the most recent analyst activity on October 10, 2022, when Robert W. Baird downgraded its rating to a Neutral but kept the price target unchanged to $9 for it. Previously, BMO Capital Markets downgraded its rating to Market Perform on October 06, 2022, and dropped its price target to $9. On July 07, 2022, JMP Securities initiated with a Mkt Perform rating. KeyBanc Capital Markets downgraded its rating to a Sector Weight. KeyBanc Capital Markets initiated its recommendation with a Overweight and recommended $17 as its price target on September 20, 2021. Colliers Securities started tracking with a Buy rating for this stock on July 09, 2021, and assigned it a price target of $18. In a note dated April 16, 2021, BMO Capital Markets initiated an Outperform rating and provided a target price of $16 on this stock.
Global Medical REIT Inc experienced fluctuations in its stock price throughout the past year between $7.98 and $11.59. Global Medical REIT Inc [NYSE: GMRE] shares were valued at $9.03 at the most recent close of the market.
Analyzing the GMRE fundamentals
Trailing Twelve Months sales for Global Medical REIT Inc [NYSE:GMRE] were 156.89M which represents 0.59% growth. Gross Profit Margin for this corporation currently stands at 0.71% with Operating Profit Margin at 0.35%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.03 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.09.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 8.79 points at the first support level, and at 8.55 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.18, and for the 2nd resistance point, it is at 9.33.
Global Medical REIT Inc [GMRE] reported earnings per share of $0.01 for its fiscal quarter that ended on 3/31/2024. By comparison, the stated earnings for the previous quarter ended on 12/31/2023 were -$0.01 per share as compared to estimates of $0.01 per share, a difference of -$0.02 representing a surprise of -200.00%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 3.77, the price to book ratio is 1.18 and price to earnings (TTM) ratio is 39.69.
