Globus Medical, Inc. which can be found using ticker (GMED) now have 13 confirmed analysts covering the stock with the consensus suggesting a rating of ‘buy’. The range between the high target price and low target price is between $83.00 and $25.00 calculating the mean target share price we have $61.46. (at the time of writing). Given that the stocks previous close was at $51.22 and the analysts are correct then there would likely be a percentage uptick in value of 20.0%. It’s also worth noting that there is a 50 day moving average of $53.39 and the 200 day moving average is $53.03. The market cap for the company is 6.99B. The stock price is currently at: $51.63 USD
The potential market cap would be $8,386,562,222 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 48.25, 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.
