Glaukos Corp (NYSE: GKOS) has reported a loss for its second fiscal quarter (ending June 30) of $-1.06 versus a loss $-0.68 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $-3.27 versus $-2.64 for the same period a year ago.
Recent Price Action
Glaukos Corp (NYSE: GKOS) stock declined slightly by -0.6% on 7/31/24. The stock closed at $117.17. Moreover, trading volume in this decline was unusually high at 156% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -6.5% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, GKOS is expected to be a modest Value Builder.
Glaukos has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Glaukos has a very low Appreciation Score of 4 but a very high Power Rating of 90, with the Low Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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