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NASDAQ:WMGIWright Medical Group Stock Price, Forecast & News

$30.19
+0.05 (+0.17 %)
(As of 08/13/2020 04:00 PM ET)
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Compare
Today's Range
$30.12
Now: $30.19
$30.25
50-Day Range
$29.28
MA: $29.87
$30.24
52-Week Range
$19.04
Now: $30.19
$30.66
Volume497,900 shs
Average Volume2.27 million 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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Wright Medical Group logo

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$7.03 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
+0.05 (+0.17 %)
(As of 08/13/2020 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 price been impacted by Coronavirus?

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

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

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wright Medical Group in the last year. There are currently 9 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 quarterly earnings results on Wednesday, August, 8th. The medical device company reported ($0.03) earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of ($0.06) by $0.03. The medical device company had revenue of $205.40 million for the quarter, compared to analyst estimates of $197.20 million. Wright Medical Group had a negative net margin of 16.59% and a negative return on equity of 3.86%. Wright Medical Group's revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.07) EPS.
View Wright Medical Group's earnings history
.

What price target have analysts set for WMGI?

9 brokers have issued 1-year price targets for Wright Medical Group's shares. Their forecasts range from $27.00 to $31.00. On average, they anticipate Wright Medical Group's stock price to reach $29.88 in the next year. This suggests that the stock has a possible downside of 1.0%.
View analysts' price targets for Wright Medical Group
.

Has Wright Medical Group been receiving favorable news coverage?

Media headlines about WMGI stock have trended negative recently, according to InfoTrie Sentiment. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Wright Medical Group earned a coverage optimism score of -2.4 on InfoTrie's scale. They also assigned headlines about the medical device company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next few days.
View the latest news about Wright Medical Group
.

Are investors shorting Wright Medical Group?

Wright Medical Group saw a decline in short interest in February. As of February 28th, there was short interest totaling 17,080,000 shares, a decline of 17.2% from the February 13th total of 20,620,000 shares. Based on an average trading volume of 2,560,000 shares, the days-to-cover ratio is presently 6.7 days.
View Wright Medical Group's Short Interest
.

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), Regeneron Pharmaceuticals (REGN), AbbVie (ABBV), Immunomedics (IMMU), NVIDIA (NVDA), Micron Technology (MU), Pfizer (PFE), Agilent Technologies (A) and Bausch Health Companies (BHC).

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 variety of institutional and retail investors. Top institutional shareholders include Goldman Sachs Group Inc. (8.75%), Water Island Capital LLC (2.46%), ARP Americas LP (2.39%), Nuance Investments LLC (2.11%), Barclays PLC (1.90%) and FIL Ltd (1.58%). 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 major investors are selling Wright Medical Group stock?

WMGI stock was sold by a variety of institutional investors in the last quarter, including Grantham Mayo Van Otterloo & Co. LLC, Goldman Sachs Group Inc., Thrivent Financial for Lutherans, Macquarie Group Ltd., UBS Group AG, Hudson Bay Capital Management LP, GABELLI & Co INVESTMENT ADVISERS INC., and Gamco Investors INC. ET AL. 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 major 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, Barclays PLC, Water Island Capital LLC, FIL Ltd, Healthcare of Ontario Pension Plan Trust Fund, ARP Americas LP, Marshall Wace LLP, and Raymond James & Associates. 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 8/13/2020 by MarketBeat.com Staff

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