Wright Med Grp Nv (NASDAQ:WMGI) shares traded 1.46% up during most recent session to reach at the closing price of $31.89. The stock exchanged hands 933850 shares versus average trading capacity of 1.58 Million shares, yielding a market cap of $4.09 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $36.31 within the next 52-weeks. The mean target projections are based on 16 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Wright Med Grp Nv (NASDAQ:WMGI) high price target of $40 and with a conservative view have low price target of $32.
BMO Capital “Maintained” Wright Med Grp Nv (NASDAQ:WMGI) in a research note issued to investors on 3/14/19 to Outperform with price target of $36.
Additionally on 2/27/19 Credit Suisse “Maintained” Wright Med Grp Nv (NASDAQ:WMGI) to Outperform setting price target at $34 and on 2/27/19 Cantor Fitzgerald “Maintained” the stock to Overweight at $39. Furthermore on 12/18/18 Credit Suisse “Initiates Coverage On” the stock to Outperform at $33.
On the other hand the company has Relative Strength Index (RSI 14) of 60.6 along with Average True Range (ATR 14) of 0.84, Consequently Wright Med Grp Nv (NASDAQ:WMGI)’s weekly and monthly volatility is 2.67%, 2.95% respectively. The company’s beta value is at 1.02.
In terms of Buy, Sell or Hold recommendations, Wright Med Grp Nv (NASDAQ:WMGI) has analysts’ mean recommendation of 1.6. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Wright Med Grp Nv (NASDAQ:WMGI)’s minimum EPS for the current quarter is at $0.01 and can go high up to $0.05. The consensus mean EPS for the current quarter is at $0.03 derived from a total of 15 estimates from the analysts who have weighed in on projected earnings. However the company reported $-0.01 earnings per share for the same quarter during last year.
Previously Wright Med Grp Nv (NASDAQ:WMGI) reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.06. The company posted an earnings surprise of 120%.
Wright Med Grp Nv (NASDAQ:WMGI)’s revenue estimates for the current quarter are $226.56 Million according to 17 number of analysts, for the current quarter the company has high revenue estimates of $229.6 Million in contradiction of low revenue estimates of $222.45 Million. For the current year the company’s revenue estimates are $961.67 Million compared to low analyst estimates of $958 Million and high estimates of $968.1 Million according to 17 number of analysts.
Currently Wright Med Grp Nv (NASDAQ:WMGI)’s shares owned by insiders are 0.3%, whereas shares owned by institutional owners are 0%. However the six-month change in the insider ownership was recorded -25.62%, as well as three-month change in the institutional ownership was recorded 1.8%.
Wright Med Grp Nv (NASDAQ:WMGI)’s trailing twelve month revenues are $836.2 Million, whereas its price to sales ratio for the same period is 4.89. Its book value per share for the most recent quarter is $7.44 while its price to book ratio for the same period is 4.29, as for as the company’s cash per share for the most recent quarter is $1.49, however its price to cash per share ratio for the same period is 21.36. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.