In the latest trading session,, 2.33 million Globus Medical Inc (NYSE:GMED) shares changed hands as the company’s beta touched 1.09. With the company’s most recent per share price at $63.03 changing hands around $11.67 or 22.72% at last look, the market valuation stands at $8.51B. GMED’s last price was a premium, traded about 0.24% off its 52-week high of $62.88. The share price had its 52-week low at $43.38, which suggests the last value was 31.18% up since then. When we look at Globus Medical Inc’s average trading volume, we note the 3-month average coming to 1.04 million.
Globus Medical Inc (NYSE:GMED) trade information
Instantly GMED is in green as seen in intraday trades today. With action 24.99%, the performance over the past five days has been green. The jump to weekly highs of 64.73 added 22.72% to the stock’s daily price. The company’s shares are showing year-to-date upside of 18.28%, with the 5-day performance at 24.99% in the green. However, in the 30-day time frame, Globus Medical Inc (NYSE:GMED) is 17.42% up.
Globus Medical Inc (GMED) estimates and forecasts
Data shows that the Globus Medical Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 35.52% over the past 6 months, a 15.95% in annual growth rate that is considerably higher than the industry average of 13.20%. Year-over-year growth is forecast to reach 57.10% up from the last financial year.
Consensus estimates given by 14 financial analysts project the company’s revenue in the current quarter to hit an average of 606.67M. 14 analysts are of the opinion that Globus Medical Inc’s revenue for the current quarter will be 616.02M. The company’s revenue for the corresponding quarters a year ago was 276.69M and 291.62M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 119.30%. The estimates for the next quarter sales put growth at 111.20%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -7.04%. The 2024 estimates are for Globus Medical Inc earnings to increase by 18.88%, but the outlook for the next 5-year period is at 16.20% per year.
