At the time of writing, Merit Medical Systems, Inc [MMSI] stock is trading at $99.89, up 4.44%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The MMSI shares have gain 4.03% over the last week, with a monthly amount drifted -5.34%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Merit Medical Systems, Inc [NASDAQ: MMSI] stock has seen the most recent analyst activity on December 11, 2024, when Wells Fargo upgraded its rating to a Overweight and also boosted its price target to $120 from $103. Previously, Robert W. Baird started tracking the stock with Outperform rating on June 28, 2024, and set its price target to $96. On April 11, 2024, CL King initiated with a Buy rating and assigned a price target of $88 on the stock. BofA Securities started tracking the stock assigning a Neutral rating and suggested a price target of $87 on February 07, 2024. Canaccord Genuity upgraded its rating to a Buy but $100 remained the price target by the analyst firm on December 21, 2023. Canaccord Genuity downgraded its rating to Hold for this stock on December 20, 2022, and downed its price target to $72. In a note dated January 05, 2021, Needham upgraded an Buy rating on this stock but restated the target price of $65.
For the past year, the stock price of Merit Medical Systems, Inc fluctuated between $70.70 and $108.07. Currently, Wall Street analysts expect the stock to reach $105.6 within the next 12 months. Merit Medical Systems, Inc [NASDAQ: MMSI] shares were valued at $99.89 at the most recent close of the market. An investor can expect a potential return of 5.72% based on the average MMSI price forecast.
Analyzing the MMSI fundamentals
According to Merit Medical Systems, Inc [NASDAQ:MMSI], the company’s sales were 1.32B for trailing twelve months, which represents an 7.88% jump. 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 of0.62.
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 97.90 points at the first support level, and at 95.92 for the second support level. However, for the 1st resistance point, the stock is sitting at 100.96, and for the 2nd resistance point, it is at 102.04.
Ratios To Look Out For
It is important to note that Merit Medical Systems, Inc [NASDAQ:MMSI] has a current ratio of 5.36. As well, the Quick Ratio is 3.82, while the Cash Ratio is 2.6. Considering the valuation of this stock, the price to sales ratio is 4.40, the price to book ratio is 4.40 and price to earnings (TTM) ratio is 48.93.
Transactions by insiders
Recent insider trading involved Wright Joseph, Officer, that happened on Jan 14 ’25 when 25000.0 shares were purchased. Director, Millner F. Ann completed a deal on Nov 15 ’24 to sell 12500.0 shares. Meanwhile, Director F ANN MILLNER bought 12500.0 shares on Nov 15 ’24.
