Globus Medical, Inc. with ticker code (GMED) now have 13 confirmed analysts covering the stock with the consensus suggesting a rating of ‘buy’. The target price High/Low ranges between $115.00 and $80.00 calculating the average target share price we see $95.46. (at the time of writing). Now with the previous closing price of $83.93 this is indicating there is a potential upside of 13.7%. Also worth taking note is the 50 day moving average now sits at $81.73 and the 200 moving average now moves to $69.61. The market capitalization for the company is 11.36B. The price for the stock stands currently at: $83.45 USD
The potential market cap would be $12,924,371,627 based on the market consensus.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 134.6, revenue per share of $18.22 and a 4.73% return on assets.
Globus Medical, Inc. is a medical device company that develops and commercializes healthcare solutions. The Company’s product categories include Musculoskeletal Solutions and Enabling Technologies. Musculoskeletal Solutions consist primarily of implantable devices, biologics, accessories, and surgical instruments used in a range of spinal, orthopedic and neurosurgical procedures. Its spine products address the majority of conditions affecting the spine, including degenerative conditions, deformity, tumors, and trauma. It provides solutions that facilitate both open and minimally invasive surgery (MIS) techniques. It includes traditional fusion implants, such as pedicle screws and rod systems. Its orthopedic trauma solutions are designed to treat a variety of orthopedic fracture patterns and patient anatomies in the upper and lower extremities, as well as the hip. Enabling Technologies is comprised of imaging, navigation and robotics (INR) solutions for assisted surgery.
