On Tuesday, Merit Medical Systems, Inc (NASDAQ: MMSI) opened higher 4.44% from the last session, before settling in for the closing price of $95.64. Price fluctuations for MMSI have ranged from $70.70 to $108.07 over the past 52 weeks.
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A company in the Healthcare sector has jumped its sales by 6.12% annually for the last half of the decade. Company’s average yearly earnings per share was noted 11.42% at the time writing. With a float of $56.82 million, this company’s outstanding shares have now reached $58.27 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 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 Jan 14 ’25, was worth 2,500,000. Before that another transaction happened on Nov 15 ’24, when Company’s Director sold 12,500 for $101.55, making the entire transaction worth $1,269,375. This insider now owns 32,391 shares in total.
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 11.42% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 12.49% 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
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 4.40. Likewise, its price to free cash flow for the trailing twelve months is 33.17.
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 3.72 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 0.54 million. That was better than the volume of 0.53 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 45.40%. Additionally, its Average True Range was 2.27.
During the past 100 days, Merit Medical Systems, Inc’s (MMSI) raw stochastic average was set at 53.77%, which indicates a significant decrease from 96.91% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.01% in the past 14 days, which was higher than the 20.40% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $100.99, while its 200-day Moving Average is $90.19. However, in the short run, Merit Medical Systems, Inc’s stock first resistance to watch stands at $100.96. Second resistance stands at $102.04. The third major resistance level sits at $104.02. If the price goes on to break the first support level at $97.90, it is likely to go to the next support level at $95.92. Assuming the price breaks the second support level, the third support level stands at $94.84.
Merit Medical Systems, Inc (NASDAQ: MMSI) Key Stats
There are currently 58,279K shares outstanding in the company with a market cap of 5.82 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.
