Glaukos Corporation (NYSE:GKOS) shares, rose in value on Friday, November 01, with the stock price down by -0.36% to the previous day’s close as strong demand from buyers drove the stock to $131.77.
Actively observing the price movement in the last trading, the stock closed the session at $132.25, falling within a range of $129.08 and $134.16. The value of beta (5-year monthly) was 1.03. Referring to stock’s 52-week performance, its high was $139.51, and the low was $59.22. On the whole, GKOS has fluctuated by 3.92% over the past month.
With the market capitalization of Glaukos Corporation currently standing at about $7.24 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-04.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 373.76M, with a low estimate of 89.8M and a high estimate of 93.3M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 91.49M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that GKOS’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of GKOS currently trading nearly 0.64% and 1.62% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.68, while the 7-day volatility ratio is showing 3.59% which for the 30-day chart, stands at 2.69%. Furthermore, Glaukos Corporation (GKOS)’s beta value is 1.03, and its average true range (ATR) is 3.87.
A comparison of Glaukos Corporation (GKOS) with its peers suggests the former has fared considerably weaker in the market. GKOS showed an intraday change of -0.36% in last session, and over the past year, it grew by 89.79%%.
Data on historical trading for Glaukos Corporation (NYSE:GKOS) indicates that the trading volumes over the past 10 days have averaged 0.47 and over the past 3 months, they’ve averaged 513.57K. According to company’s latest data on outstanding shares, there are 54.95 million shares outstanding.
Nearly 3.64% of Glaukos Corporation’s shares belong to company insiders and institutional investors own 98.31% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.38 million shares as on 2024-10-15, resulting in a short ratio of 4.62. According to the data, the short interest in Glaukos Corporation (GKOS) stood at 696.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 2.52 million. The stock has risen by 65.77% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GKOS stock heading into the next quarter.
