For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
In the latest session, Global Medical REIT Inc (NYSE: GMRE) closed at $6.99 down -0.43% from its previous closing price of $7.02. In other words, the price has decreased by -$0.43 from its previous closing price. On the day, 0.68 million shares were traded. GMRE stock price reached its highest trading level at $7.045 during the session, while it also had its lowest trading level at $6.75.
Ratios:
For a deeper understanding of Global Medical REIT Inc’s stock, let’s take a closer look at its various ratios. In the meantime, Its Debt-to-Equity ratio is 1.23 whereas as Long-Term Debt/Eq ratio is at 1.21.
On October 18, 2024, Berenberg started tracking the stock assigning a Buy rating and target price of $11.75.
On September 19, 2024, Alliance Global Partners started tracking the stock assigning a Buy rating and target price of $12.Alliance Global Partners initiated its Buy rating on September 19, 2024, with a $12 target price.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GMRE now has a Market Capitalization of 950618944 and an Enterprise Value of 1192342912. As of this moment, Global’s Price-to-Earnings (P/E) ratio for their current fiscal year is 587.39, and their Forward P/E ratio for the next fiscal year is 349.50. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 6.14. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.00 while its Price-to-Book (P/B) ratio in mrq is 1.02. Its current Enterprise Value per Revenue stands at 8.593 whereas that against EBITDA is 14.125.
Stock Price History:
The Beta on a monthly basis for GMRE is 1.32, which has changed by -0.14547676 over the last 52 weeks, in comparison to a change of 0.059571505 over the same period for the S&P500. Over the past 52 weeks, GMRE has reached a high of $10.35, while it has fallen to a 52-week low of $6.80. The 50-Day Moving Average of the stock is -15.99%, while the 200-Day Moving Average is calculated to be -20.35%.
Shares Statistics:
For the past three months, GMRE has traded an average of 530.85K shares per day and 877040 over the past ten days. A total of 66.87M shares are outstanding, with a floating share count of 63.10M. Insiders hold about 5.65% of the company’s shares, while institutions hold 63.26% stake in the company. Shares short for GMRE as of 1743379200 were 1801590 with a Short Ratio of 3.39, compared to 1740700800 on 1341438. Therefore, it implies a Short% of Shares Outstanding of 1801590 and a Short% of Float of 2.87.
Dividends & Splits
According to the company, the forward annual dividend rate for GMRE is 0.84, from 0.84 in the trailing year. Against a Trailing Annual Dividend Yield of 0.11965811The stock’s 5-year Average Dividend Yield is 7.62.
