Glaukos Corporation (NYSE: GKOS)’s stock price has plunge by -1.43relation to previous closing price of 131.38. Nevertheless, the company has seen a -5.99% plunge in its stock price over the last five trading sessions. zacks.com reported 2024-11-05 that Glaukos’ third-quarter results showcase a strong uptick in revenues. However, continued operating loss and rising OpEx remain a cause of concern.
Is It Worth Investing in Glaukos Corporation (NYSE: GKOS) Right Now?
Company’s 36-month beta value is 1.03.Analysts have differing opinions on the stock, with 5 analysts rating it as a “buy,” 5 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for GKOS is 52.95M, and currently, short sellers hold a 4.49% ratio of that floaft. The average trading volume of GKOS on November 05, 2024 was 504.61K shares.
GKOS’s Market Performance
GKOS stock saw an increase of -5.99% in the past week, with a monthly gain of 2.44% and a quarterly increase of 11.71%. The volatility ratio for the week is 3.67%, and the volatility levels for the last 30 days are 2.75% for Glaukos Corporation (GKOS). The simple moving average for the past 20 days is -1.28% for GKOS’s stock, with a 16.15% simple moving average for the past 200 days.
Analysts’ Opinion of GKOS
Many brokerage firms have already submitted their reports for GKOS stocks, with Citigroup repeating the rating for GKOS by listing it as a “Neutral.” The predicted price for GKOS in the upcoming period, according to Citigroup is $132 based on the research report published on July 10, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see GKOS reach a price target of $125, previously predicting the price at $84. The rating they have provided for GKOS stocks is “Buy” according to the report published on May 06th, 2024.
JP Morgan gave a rating of “Overweight” to GKOS, setting the target price at $91 in the report published on December 21st of the previous year.
GKOS Trading at -0.05% from the 50-Day Moving Average
After a stumble in the market that brought GKOS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.17% of loss for the given period.
Volatility was left at 2.75%, however, over the last 30 days, the volatility rate increased by 3.67%, as shares surge +0.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.93% lower at present.
During the last 5 trading sessions, GKOS fell by -5.99%, which changed the moving average for the period of 200-days by +38.90% in comparison to the 20-day moving average, which settled at $131.19. In addition, Glaukos Corporation saw 62.91% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GKOS starting from Gilliam Joseph E, who sale 2,275 shares at the price of $138.97 back on Oct 30 ’24. After this action, Gilliam Joseph E now owns 102,169 shares of Glaukos Corporation, valued at $316,157 using the latest closing price.
Gilliam Joseph E, the Officer of Glaukos Corporation, proposed sale 2,500 shares at $138.97 during a trade that took place back on Oct 30 ’24, which means that Gilliam Joseph E is holding shares at $347,421 based on the most recent closing price.
Stock Fundamentals for GKOS
Current profitability levels for the company are sitting at:
- -0.36 for the present operating margin
- 0.77 for the gross margin
The net margin for Glaukos Corporation stands at -0.46. The total capital return value is set at -0.14. Equity return is now at value -27.49, with -16.91 for asset returns.
Based on Glaukos Corporation (GKOS), the company’s capital structure generated 0.08 points at debt to capital in total, while cash flow to debt ratio is standing at -1.25. The debt to equity ratio resting at 0.09. The interest coverage ratio of the stock is -8.91.
Currently, EBITDA for the company is -82.12 million with net debt to EBITDA at -1.01. When we switch over and look at the enterprise to sales, we see a ratio of 20.99. The receivables turnover for the company is 6.67for trailing twelve months and the total asset turnover is 0.37. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.48.
Conclusion
In a nutshell, Glaukos Corporation (GKOS) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
