Globus Medical Inc (NYSE: GMED) on Tuesday, soared 0.45% from the previous trading day, before settling in for the closing price of $83.10. Within the past 52 weeks, GMED’s price has moved between $49.33 and $87.22.
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Healthcare Sector giant saw their annual sales surged by 18.43% over the last five years. The company achieved an average annual earnings per share of 28.38%. With a float of $112.93 million, this company’s outstanding shares have now reached $113.47 million.
The firm has a total of 5000 workers. Let’s measure their productivity. In terms of profitability, gross margin is 54.53%, operating margin of 6.64%, and the pretax margin is 4.88%.
Globus Medical Inc (GMED) Insider Activity
Observing investor behavior towards Medical Devices industry stocks is more important than anything else. The insider ownership of Globus Medical Inc is 17.07%, while institutional ownership is 80.73%. The most recent insider transaction that took place on Dec 02 ’24, was worth 217,502. In this transaction SVP, GC, Corporate Secretary of this company sold 2,500 shares at a rate of $87.00, taking the stock ownership to the 0 shares. Before that another transaction happened on Dec 02 ’24, when Company’s Officer proposed sale 2,500 for $86.95, making the entire transaction worth $217,364.
Globus Medical Inc (GMED) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.78 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 28.38% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 14.07% during the next five years compared to -7.04% drop over the previous five years of trading.
Globus Medical Inc (NYSE: GMED) Trading Performance Indicators
Globus Medical Inc (GMED) is currently performing well based on its current performance indicators. A quick ratio of 1.64 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.59. Likewise, its price to free cash flow for the trailing twelve months is 38.69.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.66, a number that is poised to hit 0.74 in the next quarter and is forecasted to reach 3.42 in one year’s time.
Technical Analysis of Globus Medical Inc (GMED)
Analysing the last 5-days average volume posted by the [Globus Medical Inc, GMED], we can find that recorded value of 1.24 million was better than the volume posted last year of 1.0 million. As of the previous 9 days, the stock’s Stochastic %D was 43.09%. Additionally, its Average True Range was 1.77.
During the past 100 days, Globus Medical Inc’s (GMED) raw stochastic average was set at 84.12%, which indicates a significant increase from 52.76% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 15.42% in the past 14 days, which was lower than the 27.61% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $80.22, while its 200-day Moving Average is $68.39. Now, the first resistance to watch is $83.85. This is followed by the second major resistance level at $84.22. The third major resistance level sits at $84.77. If the price goes on to break the first support level at $82.93, it is likely to go to the next support level at $82.38. Should the price break the second support level, the third support level stands at $82.01.
Globus Medical Inc (NYSE: GMED) Key Stats
Market capitalization of the company is 11.37 billion based on 136,167K outstanding shares. Right now, sales total 1,568 M and income totals 122,870 K. The company made 625,710 K in profit during its latest quarter, and 51,840 K in sales during its previous quarter.
