Globus Medical Stock Today
| GMED Stock | USD 51.27 0.02 0.04% |
Performance0 of 100
| Odds Of DistressLess than 6
|
Globus Medical is trading at 51.27 as of the 25th of April 2024, a 0.04% increase since the beginning of the trading day. The stock's lowest day price was 51.02. Globus Medical has only a 6 % chance of going through financial distress over the next few years, but has generated negative returns over the last 90 days. Equity ratings for Globus Medical are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of March 2024 and ending today, the 25th of April 2024. Click here to learn more.
Globus Medical, Inc., a medical device company, develops and commercializes healthcare solutions for patients with musculoskeletal disorders in the United States and internationally. Globus Medical, Inc. was incorporated in 2003 and is headquartered in Audubon, Pennsylvania. The company has 112.94 M outstanding shares of which 7.76 M shares are currently shorted by private and institutional investors with about 7.36 trading days to cover. More on Globus Medical
Follow Valuation Odds of Bankruptcy
Financial Report 2nd of May 2024
Globus Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Globus Medical's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Globus Medical or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Chairman | David Paul |
| Thematic Ideas | (View all Themes) |
| Business Concentration | Health Care Equipment & Supplies, Health Care Equipment & Services, Health Care, NYSE Composite, SP Midcap 400, Obamacare Repeal, Obamacare, Baby Boomer Prospects, Health Care, Health Care Equipment & Supplies, Medical Devices, Healthcare (View all Sectors) |
| Financial Strength Based on the analysis of Globus Medical's profitability, liquidity, and operating efficiency, Globus Medical is not in a good financial situation at this time. It has a very high probability of going through financial hardship in May. Financial strength of Globus Medical is based on its profitability, leverage, liquidity, source of funds, and operating efficiency. | |
Globus Medical (GMED) is traded on New York Stock Exchange in USA. It is located in 2560 General Armistead Avenue, Audubon, PA, United States, 19403 and employs 5,000 people. Globus Medical is listed under Health Care Equipment & Supplies category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 6.94 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Globus Medical's market, we take the total number of its shares issued and multiply it by Globus Medical's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Globus Medical conducts business under Health Care Equipment & Supplies sector and is part of Health Care industry. The entity has 112.94 M outstanding shares of which 7.76 M shares are currently shorted by private and institutional investors with about 7.36 trading days to cover.
Globus Medical currently holds about 408.01 M in cash with 243.5 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.1.
Check Globus Medical Probability Of Bankruptcy
Ownership AllocationGlobus Medical secures a total of 112.94 Million outstanding shares. The majority of Globus Medical outstanding shares are owned by outside corporations. These institutional investors are usually referred to as non-private investors looking to purchase positions in Globus Medical to benefit from reduced commissions. Consequently, third-party entities are subject to a different set of regulations than regular investors in Globus Medical. Please pay attention to any change in the institutional holdings of Globus Medical as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Globus Ownership Details
Globus Stock Price Odds Analysis
What are Globus Medical's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Globus Medical jumping above the current price in 90 days from now is about 87.97%. The Globus Medical probability density function shows the probability of Globus Medical stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.2152. This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Globus Medical will likely underperform. Additionally, globus Medical has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Globus Medical to move above the current price in 90 days from now is about 87.97 (This Globus Medical probability density function shows the probability of Globus Stock to fall within a particular range of prices over 90 days) .
Globus Medical Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Globus Medical market risk premium is the additional return an investor will receive from holding Globus Medical long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Globus Medical. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Globus Medical's alpha and beta are two of the key measurements used to evaluate Globus Medical's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (0.06) |
Globus Stock Against Markets
Picking the right benchmark for Globus Medical stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Globus Medical stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Globus Medical is critical whether you are bullish or bearish towards Globus Medical at a given time. Please also check how Globus Medical's historical prices are related to one of the top price index indicators.
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Globus Medical Corporate Directors
Globus Medical corporate directors refer to members of a Globus Medical board of directors. The board of directors generally takes responsibility for the Globus Medical's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Globus Medical's board members must vote for the resolution. The Globus Medical board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Steve Zarrilli | Independent Director | Profile | |
| Ann Rhoads | Independent Director | Profile | |
| Robert Liptak | Independent Director | Profile | |
| James Tobin | Independent Director | Profile |
How to buy Globus Stock?
Before investing in Globus Medical, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Globus Medical. To buy Globus Medical stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Globus Medical. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Globus Medical stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Globus Medical stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Globus Medical stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Globus Medical, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Globus Stock please use our How to Invest in Globus Medical guide.
Already Invested in Globus Medical?
The danger of trading Globus Medical is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Globus Medical is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Globus Medical. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Globus Medical is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Globus Medical is a strong investment it is important to analyze Globus Medical's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Globus Medical's future performance. For an informed investment choice regarding Globus Stock, refer to the following important reports: 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 Anywhere module to track or share privately all of your investments from the convenience of any device.
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.
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.