As on Wednesday, Merit Medical Systems, Inc. (NASDAQ: MMSI) got off with the flyer as it spiked 3.41% to $76.63, before settling in for the price of $74.10 at the close. Taking a more long-term approach, MMSI posted a 52-week range of $62.58-$85.62.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
The company of the Healthcare sector’s yearbook sales growth during the past 5- year span was recorded 7.42%. Meanwhile, its Annual Earning per share during the time was 15.74%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 10.69%. This publicly-traded company’s shares outstanding now amounts to $57.86 million, simultaneously with a float of $56.52 million. The organization now has a market capitalization sitting at $4.44 billion. At the time of writing, stock’s 50-day Moving Average stood at $74.33, while the 200-day Moving Average is $72.49.
Merit Medical Systems, Inc. (MMSI) Ownership Facts and Figures
Another important factor to analyze is how key investors are playing towards the stock of the Medical Instruments & Supplies industry. Merit Medical Systems, Inc.’s current insider ownership accounts for 2.43%, in contrast to 102.08% institutional ownership. According to the most recent insider trade that took place on Mar 12 ’24, this organization’s CFO AND TREASURER sold 6,480 shares at the rate of 73.95, making the entire transaction reach 479,182 in total value, affecting insider ownership by 12,007. Preceding that transaction, on Mar 07 ’24, Company’s CHIEF COMMERCIAL OFFICER sold 25,000 for 75.68, making the whole transaction’s value amount to 1,891,925. This particular insider is now the holder of 42,223 in total.
Merit Medical Systems, Inc. (MMSI) Earnings and Revenue Records
If we go through the results of last quarter, which was made public on 3/31/2024, the company posted 0.81 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.75) by 0.06. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.83 per share during the current fiscal year.
Merit Medical Systems, Inc.’s EPS increase for this current 12-month fiscal period is 10.69% and is forecasted to reach 3.64 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 10.25% through the next 5 years, which can be compared against the 15.74% growth it accomplished over the previous five years trading on the market.
Merit Medical Systems, Inc. (NASDAQ: MMSI) Trading Performance Indicators
Let’s observe the current performance indicators for Merit Medical Systems, Inc. (MMSI). It’s Quick Ratio in the last reported quarter now stands at 3.95. The Stock has managed to achieve an average true range (ATR) of 1.77. Alongside those numbers, its PE Ratio stands at $47.37, and its Beta score is 0.91. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 3.54. Similarly, its price to free cash flow for trailing twelve months is now 40.04.
In the same vein, MMSI’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 1.62, a figure that is expected to reach 0.88 in the next quarter, and analysts are predicting that it will be 3.64 at the market close of one year from today.
Technical Analysis of Merit Medical Systems, Inc. (MMSI)
Through scrutinizing the latest numbers posted by the [Merit Medical Systems, Inc., MMSI], it can be observed that its last 5-days Average volume of 0.46 million was lower the volume of 0.49 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 82.88% While, its Average True Range was 1.85.
Raw Stochastic average of Merit Medical Systems, Inc. (MMSI) in the period of the previous 100 days is set at 62.20%, which indicates a major fall in contrast to 75.35% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 23.08% that was lower than 23.53% volatility it exhibited in the past 100-days period.
