Friday, December 4, 2020

Glaukos Corporation [GKOS] Revenue clocked in at $238.30 million, down -25.22% YTD: What’s Next?

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Glaukos Corporation [NYSE: GKOS] traded at a low on 06/09/20, posting a -5.61 loss after which it closed the day’ session at $40.73. The results of the trading session contributed to over 2109150 shares changing hands. Over the past one week, the price volatility of Glaukos Corporation stands at 7.76% while the volatility over the past one month is 6.16%.

The market cap for GKOS stock reached $1.78 billion, with 43.77 million shares outstanding and 42.88 million shares in the current float. Compared to the average trading volume of 976.48K shares, GKOS reached a trading volume of 2109150 in the most recent trading day, which is why market watchdogs consider the stock to be active.


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What do top market gurus say about Glaukos Corporation [GKOS]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GKOS shares is $42.86 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GKOS stock is a recommendation set at 2.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Citigroup have made an estimate for Glaukos Corporation shares, keeping their opinion on the stock as Sell, with their previous recommendation back on March 05, 2020. The new note on the price target was released on February 28, 2020, representing the official price target for Glaukos Corporation stock. Previously, the target price had yet another raise from $60 to $65, while Berenberg kept a Buy rating on GKOS stock.

The Average True Range (ATR) for Glaukos Corporation is set at 2.78, with the Price to Sales ratio for GKOS stock in the period of the last 12 months amounting to 7.48. The Price to Book ratio for the last quarter was 2.78, with the Price to Cash per share for the same quarter was set at 3.74.

How has GKOS stock performed recently?

Glaukos Corporation [GKOS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.16. With this latest performance, GKOS shares gained by 2.08% in over the last four-week period, additionally sinking by -32.05% over the last 6 months – not to mention a drop of -43.15% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GKOS stock in for the last two-week period is set at 52.75, with the RSI for the last a single of trading hit 50.08, and the three-weeks RSI is set at 52.31 for Glaukos Corporation [GKOS]. The present Moving Average for the last 50 days of trading for this stock 36.45, while it was recorded at 43.66 for the last single week of trading, and 52.87 for the last 200 days.

Glaukos Corporation [GKOS]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Glaukos Corporation [GKOS] shares currently have an operating margin of -10.65 and a Gross Margin at +82.95. Glaukos Corporation’s Net Margin is presently recorded at +6.51.

Return on Total Capital for GKOS is now -5.48, given the latest momentum, and Return on Invested Capital for the company is 3.35. Return on Equity for this stock inclined to 3.64, with Return on Assets sitting at 3.01. When it comes to the capital structure of this company, Glaukos Corporation [GKOS] has a Total Debt to Total Equity ratio set at 11.14. Additionally, GKOS Total Debt to Total Capital is recorded at 10.03, with Total Debt to Total Assets ending up at 9.17. Long-Term Debt to Equity for the company is recorded at 10.79, with the Long-Term Debt to Total Capital now at 9.71.

Reflecting on the efficiency of the workforce at the company, Glaukos Corporation [GKOS] managed to generate an average of $25,707 per employee. Receivables Turnover for the company is 8.30 with a Total Asset Turnover recorded at a value of 0.46.Glaukos Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.00 and a Current Ratio set at 4.50.

Earnings analysis for Glaukos Corporation [GKOS]

With the latest financial reports released by the company, Glaukos Corporation posted -0.17/share EPS, while the average EPS was predicted by analysts to be reported at -0.08/share.When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -112.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GKOS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Glaukos Corporation go to 8.00%.

Insider trade positions for Glaukos Corporation [GKOS]

There are presently around $2,065 million, in the hands of institutional investors. The top three institutional holders of GKOS stocks are: BLACKROCK INC. with ownership of 5,841,785, which is approximately 100.077% of the company’s market cap and around 1.30% of the total institutional ownership; FRED ALGER MANAGEMENT, LLC, holding 5,720,344 shares of the stock with an approximate value of $246.83 million in GKOS stocks shares; and BROWN CAPITAL MANAGEMENT LLC, currently with $198.7 million in GKOS stock with ownership of nearly 0.854% of the company’s market capitalization.

114 institutional holders increased their position in Glaukos Corporation [NYSE:GKOS] by around 11,528,132 shares. Additionally, 71 investors decreased positions by around 7,647,631 shares, while 16 investors held positions by with 28,678,303 shares. The mentioned changes placed institutional holdings at 47,854,066 shares, according to the latest SEC report filing. GKOS stock had 42 new institutional investments in for a total of 1,207,544 shares, while 34 institutional investors sold positions of 3,746,870 shares during the same period.

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