Globus Medical - GMED Stock Forecast, Price & News

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Globus Medical in the last year. There are currently 1 hold rating and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" GMED shares.
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9 Wall Street analysts have issued 1 year price targets for Globus Medical's shares. Their GMED share price forecasts range from $62.00 to $100.00. On average, they anticipate the company's share price to reach $77.36 in the next year. This suggests a possible upside of 29.9% from the stock's current price.
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Globus Medical's stock was trading at $72.20 at the beginning of the year. Since then, GMED shares have decreased by 17.5% and is now trading at $59.57.
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Globus Medical saw a drop in short interest in the month of September. As of September 15th, there was short interest totaling 4,840,000 shares, a drop of 7.5% from the August 31st total of 5,230,000 shares. Based on an average daily trading volume, of 607,400 shares, the short-interest ratio is presently 8.0 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
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Globus Medical, Inc. (NYSE:GMED) released its earnings results on Thursday, November, 4th. The medical device company reported $0.50 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.05. The medical device company had revenue of $229.72 million for the quarter, compared to analyst estimates of $228.28 million. Globus Medical had a trailing twelve-month return on equity of 11.81% and a net margin of 15.91%. The company's revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.49 earnings per share.

Globus Medical updated its FY 2022 earnings guidance on Thursday, August, 25th. The company provided earnings per share guidance of $2.10-$2.10 for the period, compared to the consensus earnings per share estimate of $2.09. The company issued revenue guidance of $1.02 billion-$1.02 billion, compared to the consensus revenue estimate of $1.02 billion.

47 employees have rated Globus Medical Chief Executive Officer David Demski on Glassdoor.com. David Demski has an approval rating of 61% among the company's employees. This puts David Demski in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

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

Shares of GMED 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 GMED stock can currently be purchased for approximately $59.57.

Globus Medical (NYSE:GMED) has a market capitalization of $5.93 billion and generates $958.10 million in revenue each year. The medical device company earns $149.19 million in net income (profit) each year or $1.49 on an earnings per share basis.

The company employs 2,400 workers across the globe.

Globus Medical's mailing address is 2560 GENERAL ARMISTEAD AVENUE, AUDUBON PA, 19403. The official website for the company is www.globusmedical.com. The medical device company can be reached via phone at (610) 930-1800, via email at investors@globusmedical.com, or via fax at 610-930-2042.