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How to Buy Globus Medical Stock

Globus Medical Inc

Globus Medical is a medical device company located in Pennsylvania, United States, which is part of the Healthcare sector, and is traded under the ticker GMED on the NYSE exchange.

Globus Medical stock last closed at $72.14, up 0.19% from the previous day, and has increased 15.85% in one year. It has overperformed other stocks in the Medical Devices industry by 0.38 percentage points. Globus Medical stock is currently +66.28% from its 52-week low of $43.39, and -1.27% from its 52-week high of $73.07.

There are currently 135.06M GMED shares outstanding. The market value of GMED is $9.74B. In the last 24 hours, 1.1M GMED shares were traded.

How to Buy Globus Medical Stock

Wondering how to invest in Globus Medical stock? Here's how.
  1. Choose where to buy Globus Medical stock: You need to pick an online brokerage, but don't worry - we've researched dozens of online brokerages and apps to help you determine where to buy Globus Medical stock.
  2. Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
  3. Deposit money your investment account: Pick your payment method and add your info.
  4. Research Globus Medical stock: The Globus Medical ticker symbol is GMED. Is Globus Medical stock a good investment? Should you buy shares of GMED? How do GMED's underlying business fundamentals look? Do top analysts think Globus Medical is a good buy? Why has GMED's stock price moved recently? (Hint: Our stock market research website can help you evaluate if GMED is a good stock to buy).
  5. Make your GMED trade: Decide if you will purchase GMED shares at the current market price or use a limit order to purchase GMED shares at a particular price.
  6. Keep an eye on your GMED position: Create a watchlist to get live updates on your new investment in Globus Medical shares.

Step 1: Choose where to buy Globus Medical stock

You need a brokerage account to access the NYSE market and buy GMED shares.

A brokerage account allows you to buy and sell a variety of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Sign up for your brokerage account

Now that you've picked your brokerage, you'll need to fill out some personal information so you can buy GMED today.

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  2. Provide your personal data to start a new trading account.
  1. Send your info by clicking the "Create Account" button.
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Step 3: Deposit money your investment account

Now that you've filled out your info on apps for stock market, your next step is to transfer the money for your investment:

Watch the walkthrough below for more details depositing money into your new brokerage account.

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Step 4: Research Globus Medical stock

Once you have decided on the best place to buy Globus Medical stock, it's critical to analyze their stock prior to investing, so you actually wrap your head around the risk as well as the upside.

Globus Medical stock at a glance

GMED Price
$72.14
1w %
5.58%
1y %
15.85%
5y %
73.41%
P/E
122.27x
P/B
2.48x
P/S
5.14x
PEG
1.38x
Revenue
$1.90B
Earnings
$66.63M
Fore. Rev. Growth
14.44%
Fore. Earn. Growth
88.7%
Market Cap
$9.74B
Next Earnings
Aug 1, 2024
Next Dividend
N/A

GMED Fundamentals

WallStreetZen was designed to help part-time investors perform more accurate fundamental analysis in minutes instead of hours.

You can view all of the due diligence checks on GMED's stock page.

How is GMED stock valued?

You can use a variety of different financial metrics, analyses, models, and charts to gauge GMED's fair value.

Using relative valuations methods:

  • GMED may be overvalued based on its P/E ratio of 122.27x, relative to Medical Devices industry P/E ratio of 29.86x
  • GMED could be undervalued based on its P/B ratio of 2.48x, relative to Medical Devices industry P/B ratio of 3.89x
  • GMED may be overvalued based on its PEG ratio of 1.38x

You can access additional valuation analysis on GMED's stock here.

How do GMED Financials look?

Pros:

  • There are more short-term assets than short-term liabilities on the GMED balance sheet.
  • GMED earnings of $81.91M is not sufficient to cover its interest payments.
  • There are more short-term assets than long-term liabilities on the GMED balance sheet.
  • GMED's operating cash flow of $242.57M allows it to safely service it's debt of $525.60M.
  • GMED has a low debt to equity ratio of 0.26.

Cons:

  • Total GMED debt is higher than 5 years ago, relative to shareholder equity.
  • GMED profit margin has gone down from 18.8% to 3.5% in the past year.

Do analysts think it's a good time to buy Globus Medical stock

Out of 6 sell side analysts who give recommendations on GMED, the consensus analyst rating on Globus Medical is a Strong Buy

It's important to keep in mind that analyst ratings are not recommendations, nor are they financial advice.

Latest GMED Analyst Recommendations

Mathew Blackman, a top 11% analyst from Stifel Nicolaus maintains GMED with a strong buy rating and raises their GMED price target from $64.00 to $70.00, on May 8, 2024.

You can dig deeper into what analysts are saying on the Globus Medical stock forecast page.

Metrics for Advanced GMED Traders

SMA10
69.78
SMA20
68.65
SMA50
65.86
SMA100
59.27
SMA200
54.9
MACD
1.7
MACD Signal
1.5
MACD Histogram
0.2
RSI
77.87
Stochastic %K
93.34
Stochastic %D
95.49
StochRSI %K
100
StochRSI %D
96.98

Is GMED Growing Revenue?

Last year, GMED earnings were $66.63M. During the past five year, GMED's earnings have grown by -17.35% per year. This was slower than the Medical Devices industry average of 7.91%.

Last year, GMED revenue was $1.90B. In the last 5 year, GMED's revenue has increased by 21.35% per year. This was faster than the Medical Devices industry average of 11.7%.

Dig into GMED's earnings and revenue performance here.

Are GMED executives and large shareholders buying or selling the stock?

Over the last year, executives and large shareholders at GMED have sold more shares than they have bought.

Leslie V. Norwalk, Director of GMED, was the latest GMED insider to sell. They sold $70,000.00 worth of GMED stock on Jul 11, 2024.

Research more about who owns GMED stock here.

Does GMED stock generate passive income?

No, Globus Medical doesn't provide an income stream by paying out dividends.

What do other investors have to say about GMED?

One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.

Click below to see what other investors have to say.

Step 5: Make your GMED trade

There are two main order types:

  • Market order: A market order is an order to buy or sell a security at the best possible price.
    Market orders are generally fine.
  • Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
    If you want to be sure you're buying or selling at an exact dollar amount limit, use a limit order.

Click the Open button and eToro will execute the order.

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Step 6: Keep an eye on your GMED position

Now that you own some GMED stock, you'll want to keep up with your investment.

Create a watchlist to track the most important metrics related to your GMED stock.

GMED Feed

How to Buy Stock in Globus Medical

To reiterate, here are the 6 steps you need to take to buy Globus Medical stock right now:

  1. Choose where to buy Globus Medical stock
  2. Sign up for your brokerage account
  3. Deposit money your investment account
  4. Research Globus Medical stock
  5. Make your GMED trade
  6. Keep an eye on your GMED position

If you need a online brokerage, eToro is our recommended venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to monitor your investment in Globus Medical, click below.

NYSE: GMED
$72.14+0.14 (+0.19%)
Updated Jul 16, 2024
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NYSE: GMED
$72.14+0.14 (+0.19%)
Updated Jul 16, 2024
Open eToro Account

FAQ

How much does it cost to buy one Globus Medical share?

As of Jul 16, 2024, it costs $72.14 to buy one share of Globus Medical stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.139 shares of GMED.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Globus Medical stock?

According to 6 Wall Street analysts who monitor Globus Medical, their consensus recommendation is to buy Globus Medical stock.

What is the best way to buy Globus Medical stock?

One way to place an order for Globus Medical stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.