Merit Medical Systems, Inc (NASDAQ: MMSI) on Tuesday, plunged -0.29% from the previous trading day, before settling in for the closing price of $99.08. Within the past 52 weeks, MMSI’s price has moved between $65.46 and $101.60.
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A company in the Healthcare sector has jumped its sales by 7.42% annually for the last half of the decade. The company achieved an average annual earnings per share of 11.43%. With a float of $56.83 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. In terms of profitability, gross margin is 45.67%, operating margin of 11.43%, and the pretax margin is 11.2%.
Merit Medical Systems, Inc (MMSI) Insider and Institutional Ownership
Observing investor behavior towards Medical Instruments & Supplies industry stocks is more important than anything else. The insider ownership of Merit Medical Systems, Inc is 2.49%, while institutional ownership is 105.98%. The most recent insider transaction that took place on Nov 05 ’24, was worth 490,013. Before that another transaction happened on Nov 05 ’24, when Company’s Officer proposed sale 29,646 for $99.00, making the entire transaction worth $2,934,954.
Merit Medical Systems, Inc (MMSI) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 11.43% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 16.49% 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
Merit Medical Systems, Inc (MMSI) is currently performing well based on its current performance indicators. A quick ratio of 3.82 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.35. Likewise, its price to free cash flow for the trailing twelve months is 32.81.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.04, a number that is poised to hit 0.82 in the next quarter and is forecasted to reach 3.71 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 0.59 million. That was better than the volume of 0.44 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 77.63%. Additionally, its Average True Range was 1.97.
During the past 100 days, Merit Medical Systems, Inc’s (MMSI) raw stochastic average was set at 86.98%, which indicates a significant increase from 76.16% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 18.59% in the past 14 days, which was lower than the 19.57% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $96.76, while its 200-day Moving Average is $84.64. However, in the short run, Merit Medical Systems, Inc’s stock first resistance to watch stands at $99.46. Second resistance stands at $100.14. The third major resistance level sits at $101.34. If the price goes on to break the first support level at $97.58, it is likely to go to the next support level at $96.38. The third support level lies at $95.70 if the price breaches the second support level.
Merit Medical Systems, Inc (NASDAQ: MMSI) Key Stats
Market capitalization of the company is 5.76 billion based on 58,279K outstanding shares. Right now, sales total 1,257 M and income totals 94,410 K. The company made 339,850 K in profit during its latest quarter, and 28,440 K in sales during its previous quarter.
