Why NYSE:GMED is Poised for High Growth.

Our stock screener has spotted GLOBUS MEDICAL INC - A (NYSE:GMED) as a possible breakout candidate. A technical breakout setup pattern occurs when the stock is consolidating after a nice uptrend. Whether the actual breakout occurs remains to be seen of course, but it may be interesting to keep an eye on NYSE:GMED.

Technical Analysis Observations

As part of its analysis, ChartMill provides a comprehensive Technical Rating for each stock. This rating, ranging from 0 to 10, is updated on a daily basis and is based on the evaluation of various technical indicators and properties.

Taking everything into account, GMED scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GMED is showing a nice and steady performance.

• Both the short term and long term trends are positive. This is a very positive sign.
• When comparing the yearly performance of all stocks, we notice that GMED is one of the better performing stocks in the market, outperforming 92% of all stocks. On top of that, GMED also shows a nice and consistent pattern of rising prices.
• GMED is part of the Health Care Equipment & Supplies industry. There are 191 other stocks in this industry. GMED outperforms 87% of them.
• GMED is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
• GMED is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.

Our latest full technical report of GMED contains the most current technical analsysis.

Why is NYSE:GMED a setup?

In addition to the Technical Rating, ChartMill provides a Setup Rating for each stock. This rating, ranging from 0 to 10, assesses the extent of consolidation in the stock based on multiple short-term technical indicators. Currently, NYSE:GMED has a 7 as its setup rating:

Besides having an excellent technical rating, GMED also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. We notice that large players showed an interest for GMED in the last couple of days, which is a good sign.

Looking into the high growth metrics of GLOBUS MEDICAL INC - A

• The earnings per share (EPS) of GLOBUS MEDICAL INC - A have shown positive growth on a quarter-to-quarter (Q2Q) basis, with a 45.61% increase. This reflects the company's ability to improve its profitability over time.
• GLOBUS MEDICAL INC - A has demonstrated strong q2q revenue growth of 63.1%, suggesting a favorable trend in the company's financials and indicating the potential for continued expansion.
• GLOBUS MEDICAL INC - A has demonstrated strong 1-year revenue growth of 102.0%, reflecting revenue momentum and its ability to generate consistent top-line expansion. This growth underscores the company's strong market position and its potential for future success.
• The quarterly earnings of GLOBUS MEDICAL INC - A have shown a 45.61% increase compared to the previous quarter, as revealed in the recent financial report. This growth signifies positive momentum in the company's financials, pointing towards a promising upward trend
• accelerating EPS growth for GLOBUS MEDICAL INC - A: the current Q2Q growth of 45.61% exceeds the previous year Q2Q growth of 14.0%.
• With positive growth in its free cash flow (FCF) over the past year, GLOBUS MEDICAL INC - A showcases its ability to generate strong cash flows and maintain a solid financial position. This growth reflects the company's efficient utilization of capital and its commitment to long-term value creation.
• GLOBUS MEDICAL INC - A maintains a healthy Debt-to-Equity ratio of 0.0. This indicates the company's conservative capital structure and signifies its ability to effectively manage debt obligations while maintaining a strong equity position.
• GLOBUS MEDICAL INC - A has surpassed EPS estimates 3 times in the last 4 quarters, reflecting its strong financial performance and effective management. This trend suggests the company's ability to generate positive earnings surprises and drive shareholder value.
• The Relative Strength (RS) of GLOBUS MEDICAL INC - A has consistently been strong, with a current 92.94 rating. This indicates the stock's ability to exhibit relative price outperformance and reflects its competitive strength. GLOBUS MEDICAL INC - A demonstrates promising potential for sustained price momentum.

Our High Growth Momentum Breakout screen will find you more ideas suited for high growth momentum breakouts.

Disclaimer

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.