Globus Medical Inc (NYSE: GMED) is 19.63% higher on its value in year-to-date trading and has touched a low of $43.38 and a high of $65.74 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GMED stock was last observed hovering at around $64.72 in the last trading session, with the day’s loss setting it -0.97%.
Currently trading at $63.75, the stock is 20.68% and 20.44% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.19 million and changing -1.50% at the moment leaves the stock 22.33% off its SMA200. GMED registered 10.97% gain for a year compared to 6-month gain of 45.25%.
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The stock witnessed a 23.38% loss in the last 1 month and extending the period to 3 months gives it a 21.89%, and is 26.82% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.33% over the week and 3.02% over the month.
Globus Medical Inc (GMED) has around 5000 employees, a market worth around $8.61B and $1.90B in sales. Current P/E ratio is 101.00 and Fwd P/E is 19.27. Profit margin for the company is 3.51%. Distance from 52-week low is 46.94% and -3.03% from its 52-week high. The company has generated returns on investments over the last 12 months (1.66%).
The EPS is expected to grow by 21.41% this year.
Globus Medical Inc (GMED) Top Institutional Holders
The shares outstanding are 113.91M, and float is at 111.70M with Short Float at 8.05%.
Globus Medical Inc (GMED) Insider Activity
The most recent transaction is an insider sale by Davidar David D,the company’sDirector. SEC filings show that Davidar David D sold 20,000 shares of the company’s common stock on May 08 ’24 at a price of $65.00 per share for a total of $1.3 million. Following the sale, the insider now owns 0.57 million shares.
Globus Medical Inc disclosed in a document filed with the SEC on Mar 15 ’24 that Norwalk Leslie V (Director) sold a total of 10,590 shares of the company’s common stock. The trade occurred on Mar 15 ’24 and was made at $51.99 per share for $0.55 million. Following the transaction, the insider now directly holds 17419.0 shares of the GMED stock.
Still, SEC filings show that on Mar 01 ’24, Huller Kelly (SVP, GC, Corporate Secretary) disposed off 7,500 shares at an average price of $54.10 for $0.41 million. The insider now directly holds 0 shares of Globus Medical Inc (GMED).
