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NASDAQ:WMGI - Wright Medical Group Stock Price, Forecast & News

$29.00
+0.28 (+0.97 %)
(As of 03/29/2020 01:14 AM ET)
Today's Range
$28.37
Now: $29.00
$29.50
50-Day Range
$24.50
MA: $29.40
$30.45
52-Week Range
$19.04
Now: $29.00
$32.83
Volume3.30 million shs
Average Volume4.22 million shs
Market Capitalization$3.73 billion
P/E RatioN/A
Dividend YieldN/A
Beta0.86
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

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$1.27 per share
Book Value$7.03 per share

Profitability

Net Income$-114,220,000.00

Miscellaneous

Employees3,030
Market Cap$3.73 billion
Next Earnings Date5/5/2020 (Estimated)
OptionableOptionable

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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 COVID-19 reached pandemic status according to the World Health Organization. Since then, WMGI shares have decreased by 2.3% and is now trading at $29.00. View which stocks have been mosted impacted by Coronavirus.

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

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wright Medical Group in the last year. There are currently 11 hold ratings and 2 buy 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 Tuesday, May 5th 2020. View our earnings forecast for Wright Medical Group.

How were Wright Medical Group's earnings last quarter?

Wright Medical Group NV (NASDAQ:WMGI) announced its quarterly earnings results on Wednesday, August, 8th. The medical device company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.06) by $0.03. The medical device company earned $205.40 million during the quarter, compared to analysts' expectations of $197.20 million. Wright Medical Group had a negative net margin of 12.40% and a positive return on equity of 0.91%. The firm's revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.07) earnings per share. View Wright Medical Group's earnings history.

What price target have analysts set for WMGI?

13 brokers have issued 1 year price objectives for Wright Medical Group's stock. Their forecasts range from $23.00 to $31.00. On average, they anticipate Wright Medical Group's stock price to reach $28.05 in the next twelve months. This suggests that the stock has a possible downside of 3.3%. View analysts' price targets for Wright Medical Group.

Has Wright Medical Group been receiving favorable news coverage?

Press coverage about WMGI stock has been trending very negative this week, according to InfoTrie Sentiment. InfoTrie scores the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Wright Medical Group earned a media sentiment score of -3.0 on InfoTrie's scale. They also gave media headlines about the medical device company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news aboutWright Medical Group.

Are investors shorting Wright Medical Group?

Wright Medical Group saw a decline in short interest in the month of February. As of February 14th, there was short interest totaling 22,860,000 shares, a decline of 7.1% from the January 30th total of 24,620,000 shares. Based on an average daily trading volume, of 3,370,000 shares, the short-interest ratio is presently 6.8 days. Approximately 18.2% of the shares of the company are sold short. View Wright Medical Group's Current Options Chain.

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), Horizon Therapeutics (HZNP), PTC Therapeutics (PTCT), AbbVie (ABBV), AT&T (T), Zoetis (ZTS), Endo International (ENDP) and GW Pharmaceuticals PLC- (GWPH).

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 retail and institutional investors. Top institutional shareholders include Goldman Sachs Group Inc. (7.44%), Magnetar Financial LLC (4.74%), CNH Partners LLC (3.39%), Nuance Investments LLC (3.19%), Thrivent Financial for Lutherans (2.51%) and ARP Americas LP (2.08%). 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, Robert P Burrows III, 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 Janus Henderson Group PLC, Fiera Capital Corp, Marshall Wace LLP, UBS Asset Management Americas Inc., Chicago Capital LLC, Macquarie Group Ltd., Macquarie Group Ltd., and New York State Common Retirement Fund. Company insiders that have sold Wright Medical Group company stock in the last year include Andrew C Morton, Barry J Regan, James Lightman, John L Miclot, Jonathan Wesley Porter, Julie Andrews, Julie D Dewey, Kevin D Cordell, Lance A Berry, Patrick Fisher, 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 Goldman Sachs Group Inc., Magnetar Financial LLC, CNH Partners LLC, Nuance Investments LLC, ARP Americas LP, Norges Bank, Water Island Capital LLC, and Farallon Capital Management 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 $29.00.

How big of a company is Wright Medical Group?

Wright Medical Group has a market capitalization of $3.73 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. View additional information about Wright Medical Group.

What is Wright Medical Group's official website?

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

How can I contact Wright Medical Group?

Wright Medical Group's mailing address is PRINS BERNHARDPLEIN 200, AMSTERDAM P7, 1097 JB. The medical device company can be reached via phone at 31-20-521-4777 or via email at [email protected]


MarketBeat Community Rating for Wright Medical Group (NASDAQ WMGI)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  557 (Vote Outperform)
Underperform Votes:  537 (Vote Underperform)
Total Votes:  1,094
MarketBeat's community ratings are surveys of what our community members think about Wright Medical Group and other stocks. Vote "Outperform" if you believe WMGI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe WMGI will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/29/2020 by MarketBeat.com Staff

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