Merit Medical Systems, Inc [MMSI] stock is trading at $98.79, down -0.29%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The MMSI shares have gain 3.01% over the last week, with a monthly amount glided 4.33%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Merit Medical Systems, Inc [NASDAQ: MMSI] stock has seen the most recent analyst activity on June 28, 2024, when Robert W. Baird initiated its Outperform rating and assigned the stock a price target of $96. Previously, CL King started tracking the stock with Buy rating on April 11, 2024, and set its price target to $88. On February 07, 2024, BofA Securities initiated with a Neutral rating and assigned a price target of $87 on the stock. Canaccord Genuity upgraded its rating to a Buy but stick to its price target of $100 on December 21, 2023. Canaccord Genuity downgraded its rating to a Hold and reduced its price target to $72 on December 20, 2022. Needham upgraded its rating to Buy for this stock on January 05, 2021, but kept the price target unchanged to $65. In a note dated September 28, 2020, Wells Fargo upgraded an Equal Weight rating on this stock but restated the target price of $42.
Merit Medical Systems, Inc [MMSI] stock has fluctuated between $65.46 and $101.60 over the past year. Currently, Wall Street analysts expect the stock to reach $100.78 within the next 12 months. Merit Medical Systems, Inc [NASDAQ: MMSI] shares were valued at $98.79 at the most recent close of the market. An investor can expect a potential return of 2.01% based on the average MMSI price forecast.
Analyzing the MMSI fundamentals
Merit Medical Systems, Inc [NASDAQ:MMSI] reported sales of 1.32B for the trailing twelve months, which represents a growth of 7.88%. Gross Profit Margin for this corporation currently stands at 0.46% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.1 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.58.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 97.58 points at the first support level, and at 96.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 99.46, and for the 2nd resistance point, it is at 100.14.
Ratios To Look Out For
For context, Merit Medical Systems, Inc’s Current Ratio is 5.36. In addition, the Quick Ratio stands at 3.82 and the Cash Ratio stands at 2.6. Considering the valuation of this stock, the price to sales ratio is 4.35, the price to book ratio is 4.35 and price to earnings (TTM) ratio is 48.39.
Transactions by insiders
Recent insider trading involved Peterson Neil, Officer, that happened on Nov 05 ’24 when 5000.0 shares were purchased. Officer, Parra Raul Jr. completed a deal on Nov 05 ’24 to buy 29646.0 shares. Meanwhile, Director Millner F. Ann sold 12500.0 shares on Jun 28 ’24.
