Technical Indicator Analysis for Globus Medical, Inc. (NYSE:GMED)


Technical Indicators and Signals

The stochastic oscillator indicator is the important indicator to compare the security price over a certain period of time. The stochastic %K of Globus Medical, Inc. (NYSE:GMED) for the period of 9-Day stands at 87.27% while the stochastic %D for the same period stands at 70.59%.

The 7-Day Average Directional Index ADX (also known as Trend Strength Indicator) of Globus Medical, Inc. (NYSE:GMED) signals “Buy” while other important signals like the 20-Day Moving Average Vs. Price signals “Buy”.

Another important signal of trend and momentum of a security is 20-50 Day MACD Oscillator or Moving Average Convergence Divergence signals “Buy” for Globus Medical, Inc. (NYSE:GMED) while 20-100 Day MACD Oscillator indicates “Buy”.

Bollinger band is a volatility indicator of a certain security, currently Globus Medical, Inc. (NYSE:GMED)’s 20-Day Bollinger Band indicates “Buy”.

About Company

Globus Medical, Inc. is a medical device company focused on the design, development and commercialization of products that promote healing in patients with spine disorders. The Company’s products fall into one of two categories: innovative fusion or disruptive technologies. Its innovative fusion products address a broad range of spinal fusion surgical procedures. Its disruptive technology products include minimally invasive surgical, motion preservation and advanced biomaterials technologies. Globus Medical, Inc. is based in Audubon, Pennsylvania.

Previous Day Activity Analysis

On the last trading day, Globus Medical, Inc. (NYSE:GMED) opened the session at $34.95 and after going up 5% closed at $35.94. The stock gained 0.99 points in the last trade.

Globus Medical, Inc. (NYSE:GMED)’s stock fluctuated in the range of $34.45 and $35.96 during the previous active session. Globus Medical, Inc. (NYSE:GMED) traded with the volume of 1.83 Million with average volume of 685.19 Million. The stock has HIGH volatility on the last trading session.

Currently the Beta for the company remains at 0.51 while ATR (Average True Range) and RSI (Relative Strength Index) are at 0.92 and 80.78 respectively.

Currently the Insider Ownership of the shares of Globus Medical, Inc. (NYSE:GMED) is at 0.1% and the shares outstanding are 91.79 Million.

Important Ratio Analysis

Some important ratios to consider here for Globus Medical, Inc. (NYSE:GMED) are discussed below:

Price to Earnings P/E ratio stands at 32.61 while Forward P/E shows the value of 26.18.

The PEG ratio (Price to Earning to Growth) emits the value of 3.18. The Price to Sale P/S and Price to Book P/B shows the value of 5.39 and 3.7 respectively. While Price to Cash P/C and Price to Free Cash Flow P/FCF stands at 9.77 and 29.19 correspondingly.

The Quick Ratio of Globus Medical, Inc. (NYSE:GMED) stands at 6 while the Current Ratio depicts the value of 7.5.

Return on Assets ROA of Globus Medical, Inc. (NYSE:GMED) is at 10.9% whereas, Return on Equity ROE and Return of Investment ROI of Globus Medical, Inc. (NYSE:GMED) stand at 12.1% and 12.2% respectively.

Stock Performance Analysis

The stock performance of Globus Medical, Inc. (NYSE:GMED) on the basis of 5 day trade show the jump of 14.6% whereas, the monthly performance of the stock shows increase of 23.93%.

The quarterly performance of the stock remained in green zone with the value of 21.09% while six month performance of the shares of Globus Medical, Inc. (NYSE:GMED) remained bullish with the count of 12.77%.

The yearly and YTD performance of Globus Medical, Inc. (NYSE:GMED) remained up at 66.7% and 44.86% respectively.