Globus Medical, Inc. with ticker code (GMED) have now 12 analysts in total covering the stock. The consensus rating is pointing to ‘hold’. The target price High/Low ranges between $83.00 and $53.00 with the average target price sitting at $64.58. Now with the previous closing price of $53.84 this is indicating there is a potential upside of 19.9%. There is a 50 day moving average of $48.02 and the 200 moving average now moves to $53.85. The company has a market capitalization of 7.41B. The stock price is currently at: $53.78 USD
The potential market cap would be $8,889,349,908 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 36.59, revenue per share of $11.84 and a 4.38% 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.
