Globus Medical, Inc. which can be found using ticker (GMED) have now 13 market analysts covering the stock. The analyst consensus now points to a rating of ‘buy’. The target price High/Low ranges between $83.00 and $25.00 with the average share target price sitting at $61.46. (at the time of writing). Given that the stocks previous close was at $51.83 this indicates there is a potential upside of 18.6%. The day 50 moving average is $53.99 and the 200 day moving average is $53.24. The company has a market cap of 7.06B. The stock price for the company is currently $52.13 USD
The potential market cap would be $8,368,120,619 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 48.72, revenue per share of $13.87 and a 4.77% 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.
