A share price of Glaukos Corporation [GKOS] is currently trading at $127.72, down -0.20%. An important factor to consider is whether the stock is rising or falling in short-term value. The GKOS shares have gain 5.05% over the last week, with a monthly amount drifted -3.89%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Glaukos Corporation [NYSE: GKOS] stock has seen the most recent analyst activity on July 10, 2024, when Citigroup downgraded its rating to a Neutral but kept the price target unchanged to $132 for it. Previously, Jefferies upgraded its rating to Buy on May 06, 2024, and elevated its price target to $125. On December 21, 2023, upgrade upgraded it’s rating to Overweight and revised its price target to $91 on the stock. Morgan Stanley started tracking the stock assigning a Equal-Weight rating and suggested a price target of $65 on December 04, 2023. Truist initiated its recommendation with a Buy and recommended $88 as its price target on November 28, 2023. Wells Fargo upgraded its rating to Overweight for this stock on November 08, 2023, and upped its price target to $83. In a note dated June 07, 2023, Piper Sandler upgraded an Overweight rating on this stock and boosted its target price from $55 to $80.
Glaukos Corporation experienced fluctuations in its stock price throughout the past year between $59.22 and $136.60. Currently, Wall Street analysts expect the stock to reach $109.67 within the next 12 months. Glaukos Corporation [NYSE: GKOS] shares were valued at $127.72 at the most recent close of the market. An investor can expect a potential drop of -14.13% based on the average GKOS price forecast.
Analyzing the GKOS fundamentals
Trailing Twelve Months sales for Glaukos Corporation [NYSE:GKOS] were 341.73M which represents 19.02% growth. Gross Profit Margin for this corporation currently stands at 0.77% with Operating Profit Margin at -0.36%, Pretax Profit Margin comes in at -0.46%, and Net Profit Margin reading is -0.46%. To continue investigating profitability, this company’s Return on Assets is posted at -0.17, Equity is -0.31 and Total Capital is -0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.09.
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 125.89 points at the first support level, and at 124.05 for the second support level. However, for the 1st resistance point, the stock is sitting at 128.85, and for the 2nd resistance point, it is at 129.97.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Glaukos Corporation [NYSE:GKOS] is 5.48. On the other hand, the Quick Ratio is 4.67, and the Cash Ratio is 0.97. Considering the valuation of this stock, the price to sales ratio is 20.54, the price to book ratio is 10.53.
Transactions by insiders
Recent insider trading involved Kliman Gilbert H, Director, that happened on Sep 09 ’24 when 3000.0 shares were sold. Director, Kliman Gilbert H completed a deal on Sep 09 ’24 to buy 3000.0 shares. Meanwhile, PRESIDENT & COO Gilliam Joseph E sold 5000.0 shares on Aug 21 ’24.
