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NYSE:GMEDGlobus Medical Stock Price, Forecast & News

$44.90
+2.28 (+5.35 %)
(As of 04/8/2020 02:22 PM ET)
Add
Compare
Today's Range
$43.32
Now: $44.90
$44.98
50-Day Range
$35.06
MA: $44.26
$56.65
52-Week Range
$33.41
Now: $44.90
$60.15
Volume280,517 shs
Average Volume885,536 shs
Market Capitalization$4.48 billion
P/E Ratio29.35
Dividend YieldN/A
Beta1
Globus Medical, Inc., a medical device company, focuses on the design, development, and commercialization of musculoskeletal implants that promote healing in patients with spine disorders. The company offers products that address a variety of musculoskeletal pathologies, anatomies, and surgical approaches. Its spine product portfolio includes a range of implant and surgical approach options that could be used to treat degenerative, deformity, tumor, and trauma conditions affecting the spine from the occiput to the sacrum. The company also offers imaging, navigation, and robotic assisted surgery technology solutions, as well as motion preservation technologies, such as dynamic stabilization, total disc replacement and interspinous distraction devices, and interventional pain management solutions to treat vertebral compression fractures. In addition, it provides regenerative biologic products, such as allografts and synthetic alternatives that are adjunctive treatments used in combination with stabilizing implant hardware. Further, the company offers products for the treatment of orthopedic trauma, including fracture plates, compression screws, intramedullary nails, and external fixation systems. Additionally, it distributes human cell, tissue, and cellular and tissue based products. The company sells its implants and related disposables primarily to hospitals through direct sales representatives and independent distributors in the United States and internationally. Globus Medical, Inc. was founded in 2003 and is headquartered in Audubon, Pennsylvania.
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Globus Medical logo

Beat the Market (BTM) Rank

Analyst Opinion: 4.4Community Rank: 2.8Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.77 out of 5 stars


Industry, Sector and Symbol

Industry Surgical & medical instruments
Sub-IndustryHealth Care Equipment
SectorMedical
CUSIP37957720
Phone610-930-1800

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$785.37 million
Cash Flow$2.52 per share
Book Value$14.05 per share

Profitability

Net Income$155.21 million

Miscellaneous

Employees2,000
Market Cap$4.48 billion
Next Earnings Date5/7/2020 (Estimated)
OptionableOptionable

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Globus Medical (NYSE:GMED) Frequently Asked Questions

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

Globus Medical's stock was trading at $38.05 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, GMED shares have increased by 18.0% and is now trading at $44.90. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Globus Medical?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Globus Medical in the last year. There are currently 1 hold rating and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Globus Medical.

When is Globus Medical's next earnings date?

Globus Medical is scheduled to release its next quarterly earnings announcement on Thursday, May 7th 2020. View our earnings forecast for Globus Medical.

How were Globus Medical's earnings last quarter?

Globus Medical Inc (NYSE:GMED) issued its quarterly earnings data on Thursday, February, 20th. The medical device company reported $0.49 EPS for the quarter, missing the Zacks' consensus estimate of $0.52 by $0.03. The medical device company earned $211.67 million during the quarter, compared to analyst estimates of $211.11 million. Globus Medical had a return on equity of 13.01% and a net margin of 19.76%. The firm's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.43 EPS. View Globus Medical's earnings history.

What guidance has Globus Medical issued on next quarter's earnings?

Globus Medical issued an update on its FY20 earnings guidance on Thursday, February, 20th. The company provided earnings per share guidance of $1.82 for the period, compared to the Thomson Reuters consensus estimate of $1.88. The company issued revenue guidance of $850 million, compared to the consensus revenue estimate of $852.63 million.

What price target have analysts set for GMED?

8 brokers have issued 1-year price targets for Globus Medical's stock. Their forecasts range from $46.00 to $67.00. On average, they anticipate Globus Medical's stock price to reach $58.00 in the next twelve months. This suggests a possible upside of 29.2% from the stock's current price. View analysts' price targets for Globus Medical.

Has Globus Medical been receiving favorable news coverage?

Headlines about GMED stock have trended very negative this week, InfoTrie reports. The research firm identifies positive and negative news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Globus Medical earned a news sentiment score of -3.3 on InfoTrie's scale. They also gave news articles 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 impact on the stock's share price in the next few days. View the latest news aboutGlobus Medical.

Are investors shorting Globus Medical?

Globus Medical saw a increase in short interest in the month of March. As of March 13th, there was short interest totaling 2,885,800 shares, an increase of 54.3% from the February 27th total of 1,870,000 shares. Based on an average daily trading volume, of 583,600 shares, the days-to-cover ratio is currently 4.9 days. Approximately 3.8% of the company's shares are sold short. View Globus Medical's Current Options Chain.

Who are some of Globus Medical's key competitors?

What other stocks do shareholders of Globus Medical own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Globus Medical investors own include AbbVie (ABBV), Gilead Sciences (GILD), Alibaba Group (BABA), Bristol-Myers Squibb (BMY), Intuitive Surgical (ISRG), NVIDIA (NVDA), Walt Disney (DIS), Novartis (NVS), TJX Companies (TJX) and UnitedHealth Group (UNH).

Who are Globus Medical's key executives?

Globus Medical's management team includes the following people:
  • Mr. David C. Paul, Co-Founder & Exec. Chairman (Age 52)
  • Mr. David M. Demski, CEO & Director (Age 61)
  • Mr. Anthony L. Williams, Pres & Corp. Sec. (Age 48)
  • Mr. David D. Davidar, Co-Founder & Director (Age 53)
  • Mr. Daniel T. Scavilla, CFO, Exec. VP & Chief Commercial Officer (Age 54)

What is Globus Medical's stock symbol?

Globus Medical trades on the New York Stock Exchange (NYSE) under the ticker symbol "GMED."

Who are Globus Medical's major shareholders?

Globus Medical's stock is owned by a number of retail and institutional investors. Top institutional shareholders include State of Alaska Department of Revenue (0.01%). Company insiders that own Globus Medical stock include Anthony L Williams, Daniel T Scavilla, David C Paul, David D Davidar, David M Demski, Eric Schwartz, James R Tobin, Kelly Huller and Steven Payne. View institutional ownership trends for Globus Medical.

Which major investors are buying Globus Medical stock?

GMED stock was bought by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue. View insider buying and selling activity for Globus Medical.

How do I buy shares of Globus Medical?

Shares of GMED 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 Globus Medical's stock price today?

One share of GMED stock can currently be purchased for approximately $44.90.

How big of a company is Globus Medical?

Globus Medical has a market capitalization of $4.48 billion and generates $785.37 million in revenue each year. The medical device company earns $155.21 million in net income (profit) each year or $1.68 on an earnings per share basis. Globus Medical employs 2,000 workers across the globe. View additional information about Globus Medical.

What is Globus Medical's official website?

The official website for Globus Medical is http://www.globusmedical.com/.

How can I contact Globus Medical?

Globus Medical's mailing address is 2560 GENERAL ARMISTEAD AVENUE, AUDUBON PA, 19403. The medical device company can be reached via phone at 610-930-1800 or via email at [email protected]

This page was last updated on 4/8/2020 by MarketBeat.com Staff

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