A share price of Globus Medical Inc [GMED] is currently trading at $73.49, up 0.88%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The GMED shares have gain 3.23% over the last week, with a monthly amount glided 4.03%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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.
Globus Medical Inc experienced fluctuations in its stock price throughout the past year between $43.38 and $75.98. 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 $73.49 at the most recent close of the market. An investor can expect a potential return of 8.23% based on the average GMED price forecast.
Analyzing the GMED fundamentals
Trailing Twelve Months sales for Globus Medical Inc [NYSE:GMED] were 2.24B which represents 115.93% growth. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.13.
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 72.81 points at the first support level, and at 72.12 for the second support level. However, for the 1st resistance point, the stock is sitting at 74.09, and for the 2nd resistance point, it is at 74.68.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Globus Medical Inc [NYSE:GMED] is 2.42. Also, the Quick Ratio is 1.45, while the Cash Ratio stands at 0.52. Considering the valuation of this stock, the price to sales ratio is 4.45, the price to book ratio is 2.50 and price to earnings (TTM) ratio is 248.19.
Transactions by insiders
Recent insider trading involved Davidar David D, Director, that happened on Oct 16 ’24 when 30000.0 shares were sold. Director, Davidar David D completed a deal on Oct 16 ’24 to sell 20000.0 shares. Meanwhile, Officer Huller Kelly bought 7500.0 shares on Oct 16 ’24.
