A new trading day began on Friday, with Merit Medical Systems, Inc. (NASDAQ: MMSI) stock price up 3.01% from the previous day of trading, before settling in for the closing price of $83.44. MMSI’s price has ranged from $62.58 to $85.18 over the past 52 weeks.
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
A company in the Healthcare sector has jumped its sales by 7.42% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 10.73%. With a float of $56.66 million, this company’s outstanding shares have now reached $57.86 million.
In an organization with 6950 employees, it is important to assess its efficiency.
Merit Medical Systems, Inc. (MMSI) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Medical Instruments & Supplies Industry. The insider ownership of Merit Medical Systems, Inc. is 2.49%, while institutional ownership is 102.06%. The most recent insider transaction that took place on Jun 10 ’24, was worth 613,845. In this transaction CHIEF OPERATING OFFICER of this company sold 7,500 shares at a rate of $81.85, taking the stock ownership to the 14,819 shares. Before that another transaction happened on Mar 12 ’24, when Company’s CFO AND TREASURER sold 6,480 for $73.95, making the entire transaction worth $479,182. This insider now owns 12,007 shares in total.
Merit Medical Systems, Inc. (MMSI) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 10.73% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.77% during the next five years compared to 15.74% growth over the previous five years of trading.
Merit Medical Systems, Inc. (NASDAQ: MMSI) Trading Performance Indicators
Here are Merit Medical Systems, Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 4.38. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.90. Likewise, its price to free cash flow for the trailing twelve months is 37.38.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.74, a number that is poised to hit 0.88 in the next quarter and is forecasted to reach 3.64 in one year’s time.
Technical Analysis of Merit Medical Systems, Inc. (MMSI)
Let’s dig in a bit further. During the last 5-days, its volume was 0.6 million. That was better than the volume of 0.45 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 84.32%. Additionally, its Average True Range was 1.55.
During the past 100 days, Merit Medical Systems, Inc.’s (MMSI) raw stochastic average was set at 96.89%, which indicates a significant increase from 92.37% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 17.25% in the past 14 days, which was lower than the 20.86% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $80.20, while its 200-day Moving Average is $74.75. However, in the short run, Merit Medical Systems, Inc.’s stock first resistance to watch stands at $86.83. Second resistance stands at $87.70. The third major resistance level sits at $88.97. If the price goes on to break the first support level at $84.69, it is likely to go to the next support level at $83.42. The third support level lies at $82.55 if the price breaches the second support level.
Merit Medical Systems, Inc. (NASDAQ: MMSI) Key Stats
With a market capitalization of 4.99 billion, the company has a total of 58,106K Shares Outstanding. Currently, annual sales are 1,257 M while annual income is 94,410 K. The company’s previous quarter sales were 323,510 K while its latest quarter income was 28,240 K.
