On Tuesday, Merit Medical Systems, Inc (NASDAQ: MMSI) opened lower -3.24% from the last session, before settling in for the closing price of $102.31. Price fluctuations for MMSI have ranged from $70.31 to $108.07 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Healthcare sector saw sales topped by 7.42%. Company’s average yearly earnings per share was noted 11.41% at the time writing. With a float of $56.82 million, this company’s outstanding shares have now reached $58.27 million.
The extent of productivity of a business whose workforce counts for 6950 workers is very important to gauge. 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 Updates
A key investor’s attitude towards the stock of the Medical Instruments & Supplies industry is another important factor to consider. The insider ownership of Merit Medical Systems, Inc is 2.50%, while institutional ownership is 103.53%. The most recent insider transaction that took place on Nov 15 ’24, was worth 1,269,375. In this transaction Director of this company sold 12,500 shares at a rate of $101.55, taking the stock ownership to the 32,391 shares. Before that another transaction happened on Nov 15 ’24, when Company’s Director proposed sale 12,500 for $101.55, making the entire transaction worth $1,269,432.
Merit Medical Systems, Inc (MMSI) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.83 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 11.41% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 12.98% 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
Check out the current performance indicators for Merit Medical Systems, Inc (MMSI). In the past quarter, the stock posted a quick ratio of 3.82. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.36. Likewise, its price to free cash flow for the trailing twelve months is 32.88.
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)
The latest stats from [Merit Medical Systems, Inc, MMSI] show that its last 5-days average volume of 0.47 million was superior to 0.44 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 10.40%. Additionally, its Average True Range was 2.32.
During the past 100 days, Merit Medical Systems, Inc’s (MMSI) raw stochastic average was set at 64.35%, which indicates a significant increase from 1.41% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.50% in the past 14 days, which was higher than the 20.76% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $100.43, while its 200-day Moving Average is $88.19. Now, the first resistance to watch is $100.98. This is followed by the second major resistance level at $102.97. The third major resistance level sits at $104.02. If the price goes on to break the first support level at $97.94, it is likely to go to the next support level at $96.89. Assuming the price breaks the second support level, the third support level stands at $94.90.
Merit Medical Systems, Inc (NASDAQ: MMSI) Key Stats
There are currently 58,279K shares outstanding in the company with a market cap of 5.77 billion. Presently, the company’s annual sales total 1,257 M according to its annual income of 94,410 K. Last quarter, the company’s sales amounted to 339,850 K and its income totaled 28,440 K.
