A share price of Merit Medical Systems, Inc [MMSI] is currently trading at $101.89, down -1.11%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The MMSI shares have lost -0.14% over the last week, with a monthly amount drifted -6.42%, 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.
Merit Medical Systems, Inc experienced fluctuations in its stock price throughout the past year between $70.70 and $111.45. 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 $101.89 at the most recent close of the market. An investor can expect a potential return of 3.64% based on the average MMSI price forecast.
Analyzing the MMSI fundamentals
Trailing Twelve Months sales for Merit Medical Systems, Inc [NASDAQ:MMSI] were 1.35B which represents 9.68% growth. Gross Profit Margin for this corporation currently stands at 0.47% 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 0.09 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.59.
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 100.44 points at the first support level, and at 99.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 103.28, and for the 2nd resistance point, it is at 104.68.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Merit Medical Systems, Inc [NASDAQ:MMSI] is 4.27. Also, the Quick Ratio is 2.85, while the Cash Ratio stands at 1.74. Considering the valuation of this stock, the price to sales ratio is 4.43, the price to book ratio is 4.34 and price to earnings (TTM) ratio is 50.21.
Transactions by insiders
Recent insider trading involved Peterson Neil, CHIEF OPERATING OFFICER, that happened on Mar 03 ’25 when 5000.0 shares were sold. Director, Evans Stephen C. completed a deal on Mar 03 ’25 to sell 5000.0 shares. Meanwhile, CHIEF LEGAL OFFICER, SECRETARY Lloyd Brian G. sold 25000.0 shares on Feb 28 ’25.
