What To Expect As Glaukos Corporation (NYSE: GKOS) Delivers An -24.71% Gain In 6 Months – Marketing Sentinel
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What To Expect As Glaukos Corporation (NYSE: GKOS) Delivers An -24.71% Gain In 6 Months

During the last session, Glaukos Corporation (NYSE:GKOS)’s traded shares were 0.55 million, with the beta value of the company hitting 1.52. At the end of the trading day, the stock’s price was $38.63, reflecting an intraday gain of 9.84% or $3.46. The 52-week high for the GKOS share is $87.24, that puts it down -125.83 from that peak though still a striking 13.72% gain since the share price plummeted to a 52-week low of $33.33. The company’s market capitalization is $1.98B, and the average trade volume was 484.48K shares over the past three months.

Glaukos Corporation (GKOS) received a consensus recommendation of a Hold from analysts. That translates to a mean rating of 3.00. GKOS has a Sell rating from 1 analyst(s) out of 10 analysts who have looked at this stock. 6 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.37.

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Glaukos Corporation (NYSE:GKOS) trade information

Glaukos Corporation (GKOS) registered a 9.84% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 9.84% in intraday trading to $38.63 this Friday, 05/13/22, hitting a weekly high. The stock’s 5-day price performance is -6.58%, and it has moved by -36.95% in 30 days. Based on these gigs, the overall price performance for the year is -48.33%.

The consensus price target of analysts on Wall Street is $55.13, which implies an increase of 29.93% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $40.00 and $70.00 respectively. As a result, GKOS is trading at a discount of -81.21% off the target high and -3.55% off the low.

Glaukos Corporation (GKOS) estimates and forecasts

Statistics show that Glaukos Corporation has underperformed its competitors in share price, compared to the industry in which it operates. Glaukos Corporation (GKOS) shares have gone down -24.71% during the last six months, with a year-to-date growth rate less than the industry average at -137.35% against 3.50. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to shrink -1,750.00% this quarter and then drop -109.50% in the quarter after that. In the rating firms’ projections, revenue will increase 28.10% compared to the previous financial year.

Revenue for the current quarter is expected to be $67.27 million as predicted by 9 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to $62.29 million by the end of Mar 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $73.23 million and $67.97 million respectively. In this case, analysts expect current quarter sales to shrink by -8.10% and then drop by -8.40% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -60.40%. While earnings are projected to return 60.50% in 2022, the next five years will return 8.00% per annum.

GKOS Dividends

Glaukos Corporation is due to release its next quarterly earnings between February 23 and February 28. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Glaukos Corporation (NYSE:GKOS)’s Major holders

Glaukos Corporation insiders own 3.85% of total outstanding shares while institutional holders control 97.26%, with the float percentage being 101.15%. Blackrock Inc. is the largest shareholder of the company, while 283 institutions own stock in it. As of Sep 29, 2021, the company held over 7.12 million shares (or 15.18% of all shares), a total value of $342.85 million in shares.

The next largest institutional holding, with 4.92 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 10.50% of outstanding shares. At the market price on Sep 29, 2021, these shares were valued at $237.06 million.

Also, the Mutual Funds coming in first place with the largest holdings of Glaukos Corporation (GKOS) shares are iShares Core S&P Smallcap ETF and Vanguard U.S. Growth Fund. Data provided on Oct 30, 2021 indicates that iShares Core S&P Smallcap ETF owns about 3.14 million shares. This amounts to just over 6.69 percent of the company’s overall shares, with a $143.35 million market value. The same data shows that the other fund manager holds slightly less at 1.95 million, or about 4.16% of the stock, which is worth about $116.37 million.

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