Globus Medical Inc (NYSE: GMED) is -13.54% lower on its value in year-to-date trading and has touched a low of $50.31 and a high of $94.93 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GMED stock was last observed hovering at around $70.43 in the last trading session, with the day’s gains setting it 1.08%.
Currently trading at $71.51, the stock is -0.31% and -2.43% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.13 million and changing 1.53% at the moment leaves the stock -7.15% off its SMA200. GMED registered 37.65% gain for a year compared to 6-month loss of -4.50%.
The stock witnessed a 1.07% gain in the last 1 month and extending the period to 3 months gives it a -22.61%, and is -0.36% down 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 2.04% over the week and 3.46% over the month.
Globus Medical Inc (GMED) has around 5300 employees, a market worth around $9.68B and $2.52B in sales. Current P/E ratio is 96.06 and Fwd P/E is 18.24. Profit margin for the company is 4.09%. Distance from 52-week low is 42.14% and -24.67% from its 52-week high. The company has generated returns on investments over the last 12 months (2.42%).
The EPS is expected to grow by 9.50% this year
The shares outstanding are 114.99M, and float is at 111.93M with Short Float at 3.79%.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 10.67 million shares valued at $731.06 million. The investor’s holdings represent 7.8952 of the GMED Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 10.34 million shares valued at $708.18 million to account for 7.6481 of the shares outstanding. The other top investors are JANUS HENDERSON GROUP PLC which holds 7.38 million shares representing 5.4624 and valued at over $505.79 million, while STATE STREET CORP holds 2.581 of the shares totaling 3.49 million with a market value of $238.99 million.
Globus Medical Inc (GMED) Insider Activity
The most recent transaction is an insider sale by RHOADS ANN D, the company’s Director. SEC filings show that RHOADS ANN D sold 7,500 shares of the company’s common stock on Feb 28 ’25 at a price of $78.68 per share for a total of $0.59 million. Following the sale, the insider now owns 35384.0 shares.
Still, SEC filings show that on Jan 10 ’25, Pfeil Keith W (COO, CFO) disposed off 14,167 shares at an average price of $88.29 for $1.25 million. The insider now directly holds 0 shares of Globus Medical Inc (GMED).
