Globus Medical Stock Price on August 30, 2018
| GMED Stock | USD 51.20 0.59 1.14% |
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 51.20, as last reported on the 18th of April 2024, with the highest price reaching 52.04 and the lowest price hitting 51.10 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 holds Efficiency (Sharpe) Ratio of -0.0958, which attests that the entity had a -0.0958% return per unit of risk over the last 3 months. Globus Medical exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Globus Medical's Market Risk Adjusted Performance of (0.10), risk adjusted performance of (0.05), and Standard Deviation of 1.52 to validate the risk estimate we provide.
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 52.8017 | 50 Day MA 53.2424 | Beta 1.104 |
Globus |
Sharpe Ratio = -0.0958
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Estimated Market Risk
| 1.52 actual daily | 13 87% of assets are more volatile |
Expected Return
| -0.15 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.1 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Globus Medical is not performing at its full potential. However, 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 Globus Medical to a well-diversified portfolio.
Price Book 1.7496 | Enterprise Value Ebitda 20.1894 | Price Sales 4.4595 | Shares Float 111.9 M | Wall Street Target Price 61.46 |
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
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
Globus Medical April 18, 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
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 | (0.05) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (0.11) |
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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 AI Investment Finder module to use AI to screen and filter profitable investment opportunities.
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 1.07 | Revenue Per Share 13.87 | Quarterly Revenue Growth 1.246 | Return On Assets 0.0477 |
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.