At the time of writing, Globus Medical Inc [GMED] stock is trading at $70.35, down -0.90%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The GMED shares have gain 1.09% over the last week, with a monthly amount drifted -2.13%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Globus Medical Inc [NYSE: GMED] stock has seen the most recent analyst activity on August 07, 2024, when Wells Fargo upgraded its rating to a Overweight and also boosted its price target to $78 from $60. Previously, Piper Sandler upgraded its rating to Overweight on May 20, 2024, and elevated its price target to $80. On March 18, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $60 on the stock. ROTH MKM started tracking the stock assigning a Buy rating and suggested a price target of $75 on October 20, 2023. Stifel upgraded its rating to a Buy but $61 remained the price target by the analyst firm on September 19, 2023. Canaccord Genuity upgraded its rating to Buy for this stock on March 30, 2023, but kept the price target unchanged to $67. In a note dated February 13, 2023, BofA Securities downgraded an Underperform rating on this stock and revised its target price from $83 to $63.
For the past year, the stock price of Globus Medical Inc fluctuated between $43.38 and $74.21. Currently, Wall Street analysts expect the stock to reach $79.54 within the next 12 months. Globus Medical Inc [NYSE: GMED] shares were valued at $70.35 at the most recent close of the market. An investor can expect a potential return of 13.06% based on the average GMED price forecast.
Analyzing the GMED fundamentals
According to Globus Medical Inc [NYSE:GMED], the company’s sales were 2.24B for trailing twelve months, which represents an 115.93% jump. Gross Profit Margin for this corporation currently stands at 0.57% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.01 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.13.
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 69.53 points at the first support level, and at 68.72 for the second support level. However, for the 1st resistance point, the stock is sitting at 71.39, and for the 2nd resistance point, it is at 72.44.
Ratios To Look Out For
It is important to note that Globus Medical Inc [NYSE:GMED] has a current ratio of 2.42. As well, the Quick Ratio is 1.45, while the Cash Ratio is 0.52. Considering the valuation of this stock, the price to sales ratio is 4.26, the price to book ratio is 2.39 and price to earnings (TTM) ratio is 237.59.
Transactions by insiders
Recent insider trading involved RHOADS ANN D, Director, that happened on Sep 13 ’24 when 15000.0 shares were sold. Director, Davidar David D completed a deal on Sep 13 ’24 to sell 25000.0 shares. Meanwhile, Director RHOADS ANN D bought 15000.0 shares on Sep 13 ’24.
