Glaukos - GKOS Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Glaukos in the last year. There are currently 1 sell rating, 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" GKOS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GKOS, but not buy additional shares or sell existing shares.
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9 brokers have issued twelve-month price targets for Glaukos' shares. Their GKOS share price forecasts range from $40.00 to $68.00. On average, they anticipate the company's share price to reach $57.38 in the next twelve months. This suggests a possible upside of 7.8% from the stock's current price.
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Glaukos' stock was trading at $44.44 at the beginning of the year. Since then, GKOS stock has increased by 19.8% and is now trading at $53.24.
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Glaukos saw a increase in short interest in August. As of August 31st, there was short interest totaling 2,550,000 shares, an increase of 58.4% from the August 15th total of 1,610,000 shares. Based on an average daily trading volume, of 543,000 shares, the days-to-cover ratio is presently 4.7 days. Approximately 5.6% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
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Glaukos Co. (NYSE:GKOS) released its quarterly earnings results on Wednesday, August, 3rd. The medical instruments supplier reported ($0.83) EPS for the quarter, missing the consensus estimate of ($0.44) by $0.39. The medical instruments supplier earned $72.69 million during the quarter, compared to the consensus estimate of $67.61 million. Glaukos had a negative net margin of 19.35% and a negative trailing twelve-month return on equity of 13.82%.

Glaukos updated its FY 2022 earnings guidance on Wednesday, August, 10th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $275.00 million-$280.00 million, compared to the consensus revenue estimate of $274.39 million.

10 employees have rated Glaukos Chief Executive Officer Thomas W. Burns on Glassdoor.com. Thomas W. Burns has an approval rating of 100% among the company's employees. This puts Thomas W. Burns in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Glaukos investors own include NVIDIA (NVDA), Marvell Technology (MRVL), PTC Therapeutics (PTCT), PayPal (PYPL), QUALCOMM (QCOM), Alibaba Group (BABA), Teladoc Health (TDOC), Intel (INTC), Advanced Micro Devices (AMD) and Boeing (BA).

(GKOS) raised $76 million in an initial public offering (IPO) on Thursday, June 25th 2015. The company issued 5,400,000 shares at a price of $13.00-$15.00 per share. J.P. Morgan, BofA Merrill Lynch and Goldman Sachs acted as the underwriters for the IPO and William Blair and Cantor Fitzgerald were co-managers.

Glaukos trades on the New York Stock Exchange (NYSE) under the ticker symbol "GKOS."

Shares of GKOS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GKOS stock can currently be purchased for approximately $53.24.

Glaukos (NYSE:GKOS) has a market capitalization of $2.52 billion and generates $294.01 million in revenue each year. The medical instruments supplier earns $-49,590,000.00 in net income (profit) each year or ($1.19) on an earnings per share basis.

The company employs 727 workers across the globe.

Glaukos' mailing address is 229 AVENIDA FABRICANTE, SAN CLEMENTE CA, 92672. The official website for the company is www.glaukos.com. The medical instruments supplier can be reached via phone at (949) 367-9600, via email at investors@glaukos.com, or via fax at 949-367-9984.