Glaukos Corporation (NYSE:GKOS) saw a downside of -0.43% to close Friday at $71.80 after subtracting -$0.31 on the day. The 5-day average trading volume is 449,140 shares of the company’s common stock. It has gained $76.16 in the past week and touched a new high 3 times within the past 5 days. An average of 477,255 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 507,726.
GKOS’s 1-month performance is -5.66% or -$6.96 on its low of $71.43 reached on 08/18/23. The company’s shares have touched a 52-week low of $40.45 and high of $80.28, with the stock’s rally to the 52-week high happening on 07/19/23. YTD, GKOS has achieved 64.38% or $28.12 and has reached a new high 24 times. However, the current price is down -10.56% from the 52-week high price.
Insider Transactions
GKOS stock investors last saw insider trading activity on Aug 04.Kliman Gilbert H (Director) most recently sold 10,000 shares at $74.56 per share on Aug 04. This transaction cost the insider $745,600. CHAIRMAN & CEO, Burns Thomas William, sold 200 shares at a price of $80.01 on Jul 19. Then, on Jul 14, PRESIDENT & COO Gilliam Joseph E sold 42,099 shares at a price of $78.34 per share. This transaction amounted to $3,298,036.
Valuation Metrics
GKOS stock has a beta of 1.22. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 11.82 while the price-to-book (PB) in the most recent quarter is 7.09.
Glaukos Corporation’s quick ratio for the period ended June 29 was 5.70, with the current ratio over the same period at 6.30. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.72, while the total debt to equity was 0.72. In terms of profitability, the gross margin trailing 12 months is 75.70%. The trailing 12-month EBITDA margin is -23.46% while for the period ending June 29, Glaukos Corporation’s operating margin was -39.60%. The firm’s gross profit as reported stood at $213.88 million against revenue of $282.86 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -38.8% to -$32.81 million, while revenue of -$34.63 million was -5.55% off the previous quarter. Analysts expected GKOS to announce -$0.55 per share in earnings in its latest quarter, but it posted -$0.55, representing a 0.00% surprise. EBITDA for the quarter stood at more than -$19.49 million. GKOS stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 467.93 million, with total debt at $385.95 million. Shareholders hold equity totaling $48.65 million.
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 18 August was 37.44% to suggest the stock is trending Neutral, with historical volatility in this time period at 25.85%.
The stock’s 5-day moving average is $73.39, reflecting a -3.48% or -$2.59 change from its current price. GKOS is currently trading -4.09% above its 20-day SMA, +41.26% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +7.89% and SMA200 by+28.05%.
Stochastic %K and %D was 16.57% and 28.08% and the average true range (ATR) pointed at 2.14. The RSI (14) points at 44.00%, while the 14-day stochastic is at 6.34% with the period’s ATR at 2.19. The stock’s 9-day MACD Oscillator is pointing at -0.91 and -1.44 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Glaukos Corporation (NYSE: GKOS), Piper Sandler upgraded it to an Overweight rating. They previously had a Neutral rating on the stock. Analysts offering their rating for GKOS stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate GKOS as a “sell,”, while 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 7 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 $68.00 and a high of $90.00, with their median price target at $85.50. Looking at these predictions, the average price target given by analysts is for Glaukos Corporation (GKOS) stock is $82.90.
