Stock To Watch: Globus Medical, Inc. (NYSE:GMED)


The leading market experts have placed a mean price target of $27.20 on Globus Medical, Inc. (NYSE:GMED) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.33 a share for the upcoming quarter and $1.20 for the current fiscal.

Technical View

The technical analysis of Globus Medical, Inc. Class A Co plainly substantiates that the 50-day moving average of Globus Medical, Inc. Class A Co is $24.14, and stock is trading $-1.00 points away or -4.16% from its 50-day moving average of $24.14. Further it is trading $-0.90 or -3.76% away its 200-day moving average of $24.04. Globus Medical, Inc. (NYSE:GMED) 52-week high is $28.60 and the 52-week low is $20.48.

This explains if the stock moves $-5.46, it will post a 52-week high. In event of +12.99% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Globus Medical, Inc. Class A Co, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Globus Medical, Inc. (NYSE:GMED) ratio came in at 18.97.

The stock last ended the trading session at $23.14 and registered a market cap of $2.21B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Globus Medical, Inc. (NYSE:GMED) PEG ratio is at 1.70.

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