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Globus Medical (GMED)

NYSE
Currency in USD
82.92
-0.40(-0.48%)
Closed
After Hours
83.79+0.87(+1.05%)
GMED Scorecard
Full Analysis
Management has been aggressively buying back shares
Fair Value
Day's Range
82.5783.65
52 wk Range
46.7587.22
Key Statistics
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Prev. Close
82.92
Open
83.47
Day's Range
82.57-83.65
52 wk Range
46.75-87.22
Volume
628.14K
Average Volume (3m)
825.24K
1-Year Change
78.28%
Book Value / Share
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Fair Value
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Fair Value Upside
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GMED Scorecardpro icon
Company’s Health
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Fair Value
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Fair Pricepro lock
Upsidepro lock
Price Target
92.38
Upside
+11.41%
Members' Sentiments
Bearish
Bullish
ProTips
Net income is expected to grow this year
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Globus Medical Company Profile

Globus Medical, Inc., a medical device company, develops and commercializes healthcare solutions for patients with musculoskeletal disorders in the United States and internationally. The company offers spine products, such as traditional fusion implants comprising pedicle screw and rod systems, plating systems, intervertebral spacers, and corpectomy devices for treating degenerative and congenital conditions, deformity, tumors, and trauma injuries; treatment options for motion preservation technologies that consist of dynamic stabilization, total disc replacement, and interspinous distraction devices; interventional solutions to treat vertebral compression fractures; and regenerative biologic products comprising of allografts and synthetic alternatives. It also offers products for the treatment of orthopedic trauma, including fracture plates, compression screws, intramedullary nails, and external fixation systems; and hip and knee joint solutions, including modular hip stems and acetabular cups, as well as posterior stabilizing and cruciate retaining knee arthroplasty implants. In addition, the company distributes human cell, tissue, and cellular and tissue-based products. It sells its products through direct or distributor sales representatives, as well as hip and knee products through independent sales agents. Globus Medical, Inc. was incorporated in 2003 and is headquartered in Audubon, Pennsylvania.

Globus Medical SWOT Analysis


Merger Momentum
Globus Medical's merger with NuVasive creates a mid-teens market share player in spine industry, driving significant revenue growth and synergies
Robotic Surgery Leade
Explore GMED's strong position in robotic surgery, a key growth driver with rising sales and implant pull-through expected to boost future performance
Financial Strength
Learn about GMED's impressive Q3 2024 results, with revenues reaching $625.7 million and adjusted EPS of $0.83, surpassing market expectations
Analyst Outlook
Average price target range of $78-$100, with analysts maintaining bullish ratings despite regulatory challenges and integration complexities
Read full SWOT analysis
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Globus Medical Earnings Call Summary for Q3/2024

  • Q2 revenue up 116% to $630M; non-GAAP EPS rose 20% to $0.75, boosted by NuVasive acquisition
  • Full-year net sales projected at $2.47B-$2.49B; non-GAAP EPS expected between $2.80-$2.90
  • Launched 4 new products; record launches expected in coming months; focus on robotics and market expansion
  • Aims for $170M in cost synergies and mid-70s gross profit profile long-term; slight Q3 EBITDA margin dip expected
  • Plans to settle convertible notes due in March in cash; rental program for enabling technology driven by customer preference
Last Updated: 2024-08-07, 11:04 a/m
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Compare GMED to Peers and Sector

Metrics to compare
GMED
Peers
Sector
Relationship
P/E Ratio
123.4x−15.1x−0.6x
PEG Ratio
−2.28−0.100.00
Price/Book
2.8x3.1x2.6x
Price / LTM Sales
4.6x3.1x3.2x
Upside (Analyst Target)
11.0%57.6%46.2%
Fair Value Upside
Unlock−3.2%7.0%Unlock

Analysts' Recommendations

10 Buy
4 Hold
1 Sell
Ratings:
13 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 92.38

(+11.41% Upside)

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FAQ

What Is the Globus Medical (GMED) Stock Price Today?

The Globus Medical stock price today is 82.92

What Stock Exchange Does Globus Medical Trade On?

Globus Medical is listed and trades on the NYSE stock exchange.

What Is the Stock Symbol for Globus Medical?

The stock symbol for Globus Medical is "GMED."

What Is the Globus Medical Market Cap?

As of today, Globus Medical market cap is 11.31B.

What is Globus Medical Earnings Per Share?

The Globus Medical EPS is 0.673.

What Is the Next Globus Medical Earnings Date?

Globus Medical will release its next earnings report on Feb 20, 2025.

From a Technical Analysis Perspective, Is GMED a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Neutral.
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