Globus Medical - GMED Stock Forecast, Price & News

9 Wall Street equities 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 equities research analysts is that investors should "buy" GMED shares.
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9 equities research analysts have issued twelve-month price targets for Globus Medical's stock. Their GMED share price forecasts range from $62.00 to $100.00. On average, they predict the company's share price to reach $77.36 in the next twelve months. 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 start of the year. Since then, GMED stock has 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 volume of 607,400 shares, the days-to-cover ratio is currently 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) issued its quarterly earnings data on Thursday, November, 4th. The medical device company reported $0.50 earnings per share for the quarter, topping the consensus estimate 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 net margin of 15.91% and a trailing twelve-month return on equity of 11.81%. The company's revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.49 earnings per share.

Globus Medical updated its FY 2022 earnings guidance on Thursday, August, 25th. The company provided EPS guidance of $2.10-$2.10 for the period, compared to the consensus EPS 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.