Glaukos Corporation (GKOS): What is the Risk Factor?

Glaukos Corporation (NYSE:GKOS) saw an upside of 5.78% to close Tuesday at $47.25 after adding $2.58 on the day. The 5-day average trading volume is 1,129,900 shares of the company’s common stock. It has gained $47.65 in the past week. An average of 743,040 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 614,088.

GKOS’s 1-month performance is -5.97% or -$5.12 on its low of $44.37 reached on 10/11/21. The company’s shares have touched a 52-week low of $44.37 and high of $99.00, with the stock’s rally to the 52-week high happening on 03/02/21. YTD, GKOS has lost -37.22% or -$28.01. However, the current price is down -52.27%% from the 52-week high price.


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Insider Transactions

On May 06, 160 days have gone by since the last insider trading activity for Glaukos Corporation (GKOS). Gilliam Joseph E (CFO, SVP Corporate Development) most recently sold 5,000 shares at $82.22 per share on May 06. This transaction cost the insider $411,090. CFO, SVP Corporate Development, Gilliam Joseph E, sold 20,000 shares at a price of $93.53 on May 03. Then, on Mar 15, CFO, SVP Corporate Development Gilliam Joseph E sold 5,000 shares at a price of $87.88 per share. This transaction amounted to $439,400.

Valuation Metrics

Glaukos Corporation (GKOS) has a trailing price-to-earnings (P/E) ratio of 26.30 for the broader industry and 32.19 for the sector. The company’s PE ratio for the last five years has touched a high of 721.60 and a low of 98.19. GKOS stock has a beta of 1.74. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 7.88 while the price-to-book (PB) in the most recent quarter is 3.74.

Glaukos Corporation’s quick ratio for the period ended June 29 was 1.40, with the current ratio over the same period at 1.40 meaning that GKOS stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.12, while the total debt to equity was 0.60. In terms of profitability, the gross margin trailing 12 months is 74.70%. The trailing 12-month EBITDA margin is -39.54% while for the period ending June 29; Glaukos Corporation’s operating margin was -17.50%. The firm’s gross profit as reported stood at $133.24 million against revenue of $224.96 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Glaukos Corporation’s cash and short-term investments amounted to $300.27 million against total debt of $373.64 million. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 29.13% to $78.09 million, while revenue of $67.97 million was 12.96% off the previous quarter. Analysts expected GKOS to announce -$0.23 per share in earnings in its latest quarter, but it posted -$0.11, representing a 52.20% surprise. EBITDA for the quarter stood at more than -$5.11 million. GKOS stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 459.4 million, with total debt at $373.64 million. Shareholders hold equity totaling $46.56 million

Technical Picture

Let’s look briefly at Glaukos Corporation (GKOS) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 44.53% to suggest the stock is trending Neutral, with historical volatility in this time period at 43.26%.

The stock’s 5-day moving average is $45.74, reflecting a +1.94% or $0.90 change from its current price. GKOS is currently trading -5.54% above its 20-day SMA, -36.58% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -7.37% and -36.14% respectively.

Stochastic %K and %D was 13.10% and 6.35% and the average true range (ATR) pointed at 1.79. The RSI (14) points at 41.97%, while the 14-day stochastic is at 34.99% with the period’s ATR at 1.87. The stock’s 9-day MACD Oscillator is pointing at -0.74 and -2.19 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Glaukos Corporation (NYSE: GKOS), Stephens downgraded it to an Equal-weight rating. They previously had an Overweight rating on the stock. Analysts offering their rating for GKOS stock have a consensus rating for the stock as Hold. Currently, 2 brokerage advisors rate GKOS as a “sell,”, while 8 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.

What is GKOS’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $41.00 and a high of $65.00, with their median price target at $52.00. Looking at these predictions, the average price target given by analysts is for Glaukos Corporation (GKOS) stock is $51.67.

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