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NASDAQ:WMGIWright Medical Group Stock Price, Forecast & News

$30.19
+0.03 (+0.10 %)
(As of 08/7/2020 04:00 PM ET)
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Today's Range
$30.10
Now: $30.19
$30.25
50-Day Range
$29.28
MA: $29.82
$30.24
52-Week Range
$19.04
Now: $30.19
$30.66
Volume673,872 shs
Average Volume890,216 shs
Market Capitalization$3.90 billion
P/E RatioN/A
Dividend YieldN/A
Beta0.68
Wright Medical Group N.V., a medical device company, designs, manufactures, markets, and sells upper and lower extremities, and biologics products in the United States, Europe, the Middle East, Africa, Canada, Asia, Australia, and Latin America. The company offers joint implants and bone fixation devices for the shoulder, elbow, wrist, hand, foot, and ankle; and biologics products that are used for supporting the treatment of damaged or diseased bones, tendons, and soft tissues, as well as to stimulate bone growth. It also provides sports medicines and other products to mechanically repair tissue-to-tissue or tissue-to-bone injuries, as well as other ancillary products. The company primarily offers its products to orthopedic, trauma, and podiatric surgeons. It markets and sells its products through direct sales representatives, independent sales agencies, direct sales offices, and distributors. The company was founded in 1999 and is headquartered in Amsterdam, the Netherlands.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.0Community Rank: 2.5Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.28 out of 5 stars


Industry, Sector and Symbol

Industry Surgical appliances & supplies
Sub-IndustryHealth Care Equipment
SectorMedical
Current SymbolNASDAQ:WMGI
CUSIPN8723710
Phone31-20-521-4777

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$920.90 million
Cash Flow$1.26 per share
Book Value$6.51 per share

Profitability

Net Income$-114,220,000.00

Miscellaneous

Employees3,030
Market Cap$3.90 billion
Next Earnings Date11/13/2020 (Estimated)
OptionableOptionable
$30.19
+0.03 (+0.10 %)
(As of 08/7/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Wright Medical Group (NASDAQ:WMGI) Frequently Asked Questions

How has Wright Medical Group's stock been impacted by COVID-19 (Coronavirus)?

Wright Medical Group's stock was trading at $29.68 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, WMGI shares have increased by 1.7% and is now trading at $30.19.
View which stocks have been most impacted by Coronavirus
.

Do Wall Street analysts recommend investors buy shares of Wright Medical Group?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wright Medical Group in the last year. There are currently 10 hold ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Wright Medical Group
.

When is Wright Medical Group's next earnings date?

Wright Medical Group is scheduled to release its next quarterly earnings announcement on Friday, November 13th 2020.
View our earnings forecast for Wright Medical Group
.

How were Wright Medical Group's earnings last quarter?

Wright Medical Group NV (NASDAQ:WMGI) released its earnings results on Wednesday, August, 8th. The medical device company reported ($0.03) earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of ($0.06) by $0.03. The medical device company had revenue of $205.40 million for the quarter, compared to the consensus estimate of $197.20 million. Wright Medical Group had a negative return on equity of 3.86% and a negative net margin of 16.59%. The company's revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.07) earnings per share.
View Wright Medical Group's earnings history
.

What price target have analysts set for WMGI?

10 brokerages have issued 1 year target prices for Wright Medical Group's stock. Their forecasts range from $23.00 to $31.00. On average, they anticipate Wright Medical Group's share price to reach $27.92 in the next twelve months. This suggests that the stock has a possible downside of 7.5%.
View analysts' price targets for Wright Medical Group
.

Has Wright Medical Group been receiving favorable news coverage?

Media coverage about WMGI stock has been trending extremely negative on Sunday, InfoTrie Sentiment reports. The research firm identifies negative and positive media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Wright Medical Group earned a daily sentiment score of -4.8 on InfoTrie's scale. They also gave press coverage about the medical device company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the next several days.
View the latest news about Wright Medical Group
.

Who are some of Wright Medical Group's key competitors?

What other stocks do shareholders of Wright Medical Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Wright Medical Group investors own include Gilead Sciences (GILD), Exelixis (EXEL), Immunomedics (IMMU), Vereit (VER), AbbVie (ABBV), Horizon Therapeutics (HZNP), Johnson & Johnson (JNJ), Novavax (NVAX), Pfizer (PFE) and Regeneron Pharmaceuticals (REGN).

Who are Wright Medical Group's key executives?

Wright Medical Group's management team includes the following people:
  • Mr. Robert J. Palmisano, Pres, CEO & Exec. Director (Age 74)
  • Mr. Lance A. Berry, Exec. VP, CFO & COO (Age 47)
  • Mr. Andrew C. Morton, Sr. VP & Chief HR Officer (Age 53)
  • Mr. Kevin D. Cordell, Exec. VP & Chief Global Commercial Officer (Age 53)
  • Mr. Peter S. Cooke, Pres of emerging markets, Australia & Japan (Age 54)

What is Wright Medical Group's stock symbol?

Wright Medical Group trades on the NASDAQ under the ticker symbol "WMGI."

Who are Wright Medical Group's major shareholders?

Wright Medical Group's stock is owned by a number of institutional and retail investors. Top institutional investors include ARP Americas LP (2.39%), Nuance Investments LLC (2.11%), UBS Group AG (1.13%), Havens Advisors LLC (0.25%), Swiss National Bank (0.22%) and GW&K Investment Management LLC (0.17%). Company insiders that own Wright Medical Group stock include Andrew C Morton, Barry J Regan, David D Stevens, Elizabeth H Weatherman, James Lightman, Jennifer S Walker, John L Miclot, Jonathan Wesley Porter, Julie Andrews, Julie D Dewey, Kevin C Oboyle, Kevin D Cordell, Lance A Berry, Patrick Fisher, Peter Cooke, Richard F Wallman, Robert J Palmisano, Steven P Wallace and Tim Lanier.
View institutional ownership trends for Wright Medical Group
.

Which institutional investors are selling Wright Medical Group stock?

WMGI stock was sold by a variety of institutional investors in the last quarter, including UBS Group AG, SG Americas Securities LLC, GW&K Investment Management LLC, Russell Investments Group Ltd., and US Bancorp DE. Company insiders that have sold Wright Medical Group company stock in the last year include Barry J Regan, James Lightman, Jennifer S Walker, John L Miclot, Jonathan Wesley Porter, Julie Andrews, Julie D Dewey, Kevin D Cordell, Lance A Berry, Steven P Wallace, and Tim Lanier.
View insider buying and selling activity for Wright Medical Group
.

Which institutional investors are buying Wright Medical Group stock?

WMGI stock was acquired by a variety of institutional investors in the last quarter, including Nuance Investments LLC, ARP Americas LP, Raymond James & Associates, Swiss National Bank, Nisa Investment Advisors LLC, Strs Ohio, ProShare Advisors LLC, and Havens Advisors LLC. Company insiders that have bought Wright Medical Group stock in the last two years include Barry J Regan, Elizabeth H Weatherman, Richard F Wallman, and Robert J Palmisano.
View insider buying and selling activity for Wright Medical Group
.

How do I buy shares of Wright Medical Group?

Shares of WMGI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Wright Medical Group's stock price today?

One share of WMGI stock can currently be purchased for approximately $30.19.

How big of a company is Wright Medical Group?

Wright Medical Group has a market capitalization of $3.90 billion and generates $920.90 million in revenue each year. The medical device company earns $-114,220,000.00 in net income (profit) each year or $0.06 on an earnings per share basis. Wright Medical Group employs 3,030 workers across the globe.

What is Wright Medical Group's official website?

The official website for Wright Medical Group is www.wright.com.

How can I contact Wright Medical Group?

Wright Medical Group's mailing address is PRINS BERNHARDPLEIN 200, AMSTERDAM P7, 38117. The medical device company can be reached via phone at 31-20-521-4777 or via email at [email protected]

This page was last updated on 8/9/2020 by MarketBeat.com Staff

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