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Globus Medical (GMED)
NYSE:GMED
Holding GMED?
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GMED Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$49.33 - $87.22
Previous Close$82.63
Volume2.83M
Average Volume (3M)899.80K
Market Cap
$11.16B
Enterprise Value$11.62B
Total Cash (Recent Filing)$71.94M
Total Debt (Recent Filing)$534.56M
Price to Earnings (P/E)124.6
Beta1.12
Next Earnings
Feb 20, 2025EPS Estimate
$0.74Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.66
Shares Outstanding136,167,342
10 Day Avg. Volume1,110,094
30 Day Avg. Volume899,801
Standard Deviation0.10
R-Squared0.37
Alpha-0.00244
Financial Highlights & Ratios
Price to Book (P/B)2.76
Price to Sales (P/S)4.54
Price to Cash Flow (P/CF)13.80
P/FCF Ratio17.30
Enterprise Value/Market CapN/A
Enterprise Value/Revenue4.69
Enterprise Value/Gross Profit11.39
Enterprise Value/Ebitda20.31
Forecast
1Y Price Target
$96.33Price Target Upside16.58% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering14
Globus Medical News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceGMED continued its strength from earlier quarters into the Q3 with a significant top- and bottom-line beat driving record FCF and raising of guidance.
Market DynamicsGMED benefits from healthy market dynamics and strong product flow, providing room for upside.
Product LaunchesGMED expects a record number of new product launches, accelerating its growth potential.
Bears Say
Earnings EstimateThe 2024 EPS estimate is lowered to $2.91 from $3.00 due to a reduction in the 1Q24 estimate.
Mergers And AcquisitionsMerging two sizable organizations with different geographic footprints, sales forces, profitability profiles, cultures, and potentially strategic foci historically could lead to some choppiness as the integration proceeds.
Sales And RevenueGlobus Medical expects approximately $170 million in sales dissynergies in years 1 to 3.
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Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
GMED FAQ
What was Globus Medical’s price range in the past 12 months?
Globus Medical lowest stock price was $49.33 and its highest was $87.22 in the past 12 months.
What is Globus Medical’s market cap?
Currently, no data Available
When is Globus Medical’s upcoming earnings report date?
Globus Medical’s upcoming earnings report date is Feb 20, 2025 which is in 60 days.
How were Globus Medical’s earnings last quarter?
Globus Medical released its earnings results on Nov 05, 2024. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.647 by $0.183.
Is Globus Medical overvalued?
According to Wall Street analysts Globus Medical’s price is currently Undervalued.
Does Globus Medical pay dividends?
Globus Medical does not currently pay dividends.
What is Globus Medical’s EPS estimate?
Globus Medical’s EPS estimate is $0.74.
How many shares outstanding does Globus Medical have?
Globus Medical has 113,737,240 shares outstanding.
What happened to Globus Medical’s price movement after its last earnings report?
Globus Medical reported an EPS of $0.83 in its last earnings report, beating expectations of $0.647. Following the earnings report the stock price went up 9.434%.
Which hedge fund is a major shareholder of Globus Medical?
Among the largest hedge funds holding Globus Medical’s share is Fisher Asset Management LLC. It holds Globus Medical’s shares valued at 26M.
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Globus Medical Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$96.33 (16.58% Upside)
$96.33 (16.58% Upside)
Blogger Sentiment
Bullish
GMED Sentiment 100%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Decreased
By 99.2K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $1.2M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 4.1%
Last 30 Days ▲ 10.9%
Last 30 Days ▲ 10.9%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
59.30%
12-Months-Change
Fundamentals
Return on Equity
2.22%
Trailing 12-Months
Asset Growth
-5.04%
Trailing 12-Months
Company Description
Globus Medical
Globus Medical, Inc. operates as a medical device company that develops and commercializes healthcare solutions. The firm engages in developing products that promote healing in patients with musculoskeletal disorders. It classifies products into Innovative Fusion and Disruptive Technology. It operates through the United States and International geographical segments. The company was founded by David C. Paul, David D. Davidar and Andrew Iott in March 2003 and is headquartered in Audubon, PA.
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GMED Earnings Call
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Positive
Globus Medical's earnings call highlighted strong sales growth and successful product launches, along with record free cash flow and an increase in annual guidance. However, challenges such as the FDA warning letter and a decline in gross profit margins were noted. Overall, the positive aspects of growth and innovation outweigh the concerns.Read More>---
GMED Net sales Breakdown
92.34% Musculoskeletal Solutions
7.66% Enabling Technologies
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GMED Stock 12 Month Forecast
Average Price Target
$96.33
▲(16.58% Upside)
Technical Analysis
Best Analysts Covering GMED
1 Year
1 Year Success Rate
22/29 ratings generated profit
1 Year Average Return
+20.28%
reiterated a buy rating 2 months ago
Copying Matt Miksic's trades and holding each position for 1 Year would result in 75.86% of your transactions generating a profit, with an average return of +20.28% per trade.
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