Globus Medical Stock Price on January 25, 2024
| GMED Stock | USD 63.95 0.58 0.90% |
Below is the normalized historical share price chart for Globus Medical extending back to August 03, 2012. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Globus Medical stands at 63.95, as last reported on the 17th of May 2024, with the highest price reaching 65.28 and the lowest price hitting 63.90 during the day.
If you're considering investing in Globus Stock, it is important to understand the factors that can impact its price. Globus Medical appears to be very steady, given 3 months investment horizon. Globus Medical holds Efficiency (Sharpe) Ratio of 0.1, which attests that the entity had a 0.1% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Globus Medical, which you can use to evaluate the volatility of the firm. Please utilize Globus Medical's Downside Deviation of 2.02, risk adjusted performance of 0.0774, and Market Risk Adjusted Performance of 0.2596 to validate if our risk estimates are consistent with your expectations.
At present, Globus Medical's Liabilities And Stockholders Equity is projected to increase significantly based on the last few years of reporting. The current year's Other Stockholder Equity is expected to grow to about 3 B, whereas Common Stock Total Equity is forecasted to decline to about 102.5 K. . At present, Globus Medical's Price To Free Cash Flows Ratio is projected to decrease significantly based on the last few years of reporting. The current year's Price Sales Ratio is expected to grow to 4.16, whereas Price Book Value Ratio is forecasted to decline to 1.43. Globus Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 3rd of August 2012 | 200 Day MA 52.1837 | 50 Day MA 53.6766 | Beta 1.111 |
Globus |
Sharpe Ratio = 0.1005
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Estimated Market Risk
| 3.1 actual daily | 27 73% of assets are more volatile |
Expected Return
| 0.31 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 7 93% of assets perform better |
Based on monthly moving average Globus Medical is performing at about 7% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Globus Medical by adding it to a well-diversified portfolio.
Price Book 1.7496 | Enterprise Value Ebitda 20.1894 | Price Sales 4.4595 | Shares Float 111.7 M | Wall Street Target Price 68.31 |
Related Headline
NuVasive Headline on 5th of September 2023
Disposition of 8943 shares by Dale Wolf of NuVasive subject ... by finance.yahoo.com
Filed transaction by Nuvasive Inc officer. Disposition to the issuer of issuer equity securities pursuant to Rule 16b-3(e)
Globus Medical Valuation on January 25, 2024
It is possible to determine the worth of Globus Medical on a given historical date. On January 25, 2024 Globus was worth 54.43 at the beginning of the trading date compared to the closed value of 53.74. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Globus Medical stock. Still, in general, we apply an absolute valuation method to find Globus Medical's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Globus Medical where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Globus Medical's related companies.
| Open | High | Low | Close | Volume | |
| 55.04 | 55.84 | 53.82 | 53.99 | 1,220,665 | |
01/25/2024 | 54.43 | 54.51 | 53.24 | 53.74 | 945,660 |
| 54.18 | 54.43 | 53.54 | 53.75 | 745,214 |
| Backtest Globus Medical | | | Globus Medical History | | | Globus Medical Valuation | Previous | Next |
Globus Medical Trading Date Momentum on January 25, 2024
| On January 26 2024 Globus Medical was traded for 53.75 at the closing time. The top price for the day was 54.43 and the lowest listed price was 53.54 . The trading volume for the day was 745.2 K. The trading history from January 26, 2024 was a factor to the next trading day price growth. The overall trading delta against the next closing price was 0.02% . The overall trading delta against the current closing price is 4.08% . |
Globus Medical Fundamentals Correlations and Trends
By evaluating Globus Medical's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Globus Medical's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Globus financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Globus Medical Stock history
Globus Medical investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Globus is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Globus Medical will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Globus Medical stock prices may prove useful in developing a viable investing in Globus Medical
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 114.6 M | 104.1 M | |
| Net Income Applicable To Common Shares | 218.7 M | 120.8 M |
Globus Medical Quarterly Net Working Capital |
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Globus Medical Stock Technical Analysis
Globus Medical technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Globus Medical Period Price Range
Low | January 25, 2024
| High |
54.43 | 53.74 |
Globus Medical May 17, 2024 Market Strength
Market strength indicators help investors to evaluate how Globus Medical stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Globus Medical shares will generate the highest return on investment. By undertsting and applying Globus Medical stock market strength indicators, traders can identify Globus Medical entry and exit signals to maximize returns
| Accumulation Distribution | 22032.44 | |||
| Daily Balance Of Power | (0.54) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 53.88 | |||
| Day Typical Price | 53.83 | |||
| Price Action Indicator | (0.48) | |||
| Period Momentum Indicator | 10.21 |
Globus Medical Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Globus Medical's price direction in advance. Along with the technical and fundamental analysis of Globus Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Globus to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0774 | |||
| Jensen Alpha | 0.206 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.1198 | |||
| Treynor Ratio | 0.2496 |
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| Volume Indicators |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Globus Medical. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. For information on how to trade Globus Stock refer to our How to Trade Globus Stock guide.Note that the Globus Medical information on this page should be used as a complementary analysis to other Globus Medical's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Complementary Tools for Globus Stock analysis
When running Globus Medical's price analysis, check to measure Globus Medical's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Globus Medical is operating at the current time. Most of Globus Medical's value examination focuses on studying past and present price action to predict the probability of Globus Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Globus Medical's price. Additionally, you may evaluate how the addition of Globus Medical to your portfolios can decrease your overall portfolio volatility.
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Is Globus Medical's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Globus Medical. If investors know Globus will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Globus Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.79) | Earnings Share 0.54 | Revenue Per Share 15.579 | Quarterly Revenue Growth 1.193 | Return On Assets 0.0527 |
The market value of Globus Medical is measured differently than its book value, which is the value of Globus that is recorded on the company's balance sheet. Investors also form their own opinion of Globus Medical's value that differs from its market value or its book value, called intrinsic value, which is Globus Medical's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Globus Medical's market value can be influenced by many factors that don't directly affect Globus Medical's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Globus Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Globus Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Globus Medical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.