Globus Medical Stock Price on November 7, 2024
| GMED Stock | USD 85.61 0.32 0.38% |
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 85.61, as last reported on the 29th of November, with the highest price reaching 86.00 and the lowest price hitting 85.24 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 0.17, which attests that the entity had a 0.17% 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 Market Risk Adjusted Performance of 0.2426, downside deviation of 1.1, and Risk Adjusted Performance of 0.1371 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 65.8295 | 50 Day MA 75.6678 | Beta 1.169 |
Globus |
Sharpe Ratio = 0.1735
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | GMED | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.61 actual daily | 14 86% of assets are more volatile |
Expected Return
| 0.28 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average Globus Medical is performing at about 13% 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 2.8539 | Enterprise Value Ebitda 26.9142 | Price Sales 4.6856 | Shares Float 112.8 M | Wall Street Target Price 90.5385 |
Globus Medical Main Headline on 7th of November 2024
Globus Medical Stock Price Expected to Rise, Piper Sandler A... by thelincolnianonline.com
Globus Medical had its price objective hoisted by Piper Sandler from 80.00 to 100.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have an overweight rating on the medical device companys stock. GMED has been the subject of several other research reports. BTIG Research boosted their price
Globus Medical Valuation on November 7, 2024
It is possible to determine the worth of Globus Medical on a given historical date. On November 7, 2024 Globus was worth 81.95 at the beginning of the trading date compared to the closed value of 81.97. 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 | |
| 81.51 | 84.87 | 79.69 | 82.71 | 3,866,131 | |
11/07/2024 | 81.95 | 82.93 | 81.46 | 81.97 | 1,414,115 |
| 81.00 | 81.90 | 79.94 | 80.88 | 1,804,199 |
| Backtest Globus Medical | | | Globus Medical History | | | Globus Medical Valuation | Previous | Next |
Globus Medical Trading Date Momentum on November 7, 2024
| On November 08 2024 Globus Medical was traded for 80.88 at the closing time. The top price for the day was 81.90 and the lowest listed price was 79.94 . The trading volume for the day was 1.8 M. The trading history from November 8, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 1.33% . The overall trading delta against the current closing price is 1.28% . |
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 |
|
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 | November 29, 2024
| High |
0.00 | 0.00 |
Globus Medical cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Globus Medical November 29, 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 | 0.1371 | |||
| Jensen Alpha | 0.1335 | |||
| Total Risk Alpha | 0.0244 | |||
| Sortino Ratio | 0.136 | |||
| Treynor Ratio | 0.2326 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
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.
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments |