Merit Medical Systems Stock Price on April 30, 2024
| MMSI Stock | USD 81.89 0.37 0.45% |
Below is the normalized historical share price chart for Merit Medical Systems extending back to May 14, 1990. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Merit Medical stands at 81.89, as last reported on the 17th of May 2024, with the highest price reaching 82.83 and the lowest price hitting 81.29 during the day.
If you're considering investing in Merit Stock, it is important to understand the factors that can impact its price. We consider Merit Medical very steady. Merit Medical Systems has Sharpe Ratio of 0.0383, which conveys that the firm had a 0.0383% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Merit Medical, which you can use to evaluate the volatility of the firm. Please verify Merit Medical's Downside Deviation of 1.55, mean deviation of 1.06, and Risk Adjusted Performance of 0.0392 to check out if the risk estimate we provide is consistent with the expected return of 0.0556%.
As of now, Merit Medical's Common Stock is increasing as compared to previous years. The Merit Medical's current Capital Stock is estimated to increase to about 681.9 M, while Common Stock Shares Outstanding is projected to decrease to under 39.5 M. . As of now, Merit Medical's Price Cash Flow Ratio is decreasing as compared to previous years. Merit Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 9th of August 1990 | 200 Day MA 72.5841 | 50 Day MA 74.7234 | Beta 0.907 |
Merit |
Sharpe Ratio = 0.0383
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Estimated Market Risk
| 1.45 actual daily | 12 88% of assets are more volatile |
Expected Return
| 0.06 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 2 98% of assets perform better |
Based on monthly moving average Merit Medical is performing at about 2% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Merit Medical by adding it to a well-diversified portfolio.
Price Book 3.5095 | Enterprise Value Ebitda 19.7592 | Price Sales 3.354 | Shares Float 56.7 M | Wall Street Target Price 92 |
Merit Medical Main Headline on 30th of April 2024
Merit Medical Q1 Earnings How Key Metrics Compare to Wall St... by finance.yahoo.com
The headline numbers for Merit Medical give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Merit Medical Valuation on April 30, 2024
It is possible to determine the worth of Merit Medical on a given historical date. On April 30, 2024 Merit was worth 74.54 at the beginning of the trading date compared to the closed value of 74.1. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Merit Medical stock. Still, in general, we apply an absolute valuation method to find Merit Medical's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Merit Medical where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Merit Medical's related companies.
| Open | High | Low | Close | Volume | |
| 73.68 | 75.19 | 73.68 | 75.09 | 260,143 | |
04/30/2024 | 74.54 | 75.12 | 73.67 | 74.10 | 592,592 |
| 74.66 | 78.57 | 74.07 | 76.63 | 830,343 |
| Backtest Merit Medical | | | Merit Medical History | | | Merit Medical Valuation | Previous | Next |
Merit Medical Trading Date Momentum on April 30, 2024
| On May 01 2024 Merit Medical Systems was traded for 76.63 at the closing time. The top price for the day was 78.57 and the lowest listed price was 74.07 . The trading volume for the day was 830.3 K. The trading history from May 1, 2024 was a factor to the next trading day price growth. The trading delta at closing time against the next closing price was 3.41% . The trading delta at closing time against the current closing price is 8.43% . |
Merit Medical Systems Fundamentals Correlations and Trends
By evaluating Merit Medical's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Merit Medical's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Merit financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Merit Medical Stock history
Merit Medical investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Merit is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Merit Medical Systems will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Merit Medical stock prices may prove useful in developing a viable investing in Merit Medical
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 58.4 M | 39.5 M | |
| Net Income Applicable To Common Shares | 85.7 M | 90 M |
Merit Medical Quarterly Net Working Capital |
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Merit Medical Stock Technical Analysis
Merit Medical technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Merit Medical Period Price Range
Low | April 30, 2024
| High |
74.54 | 74.10 |
Merit Medical May 17, 2024 Market Strength
Market strength indicators help investors to evaluate how Merit Medical stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Merit Medical shares will generate the highest return on investment. By undertsting and applying Merit Medical stock market strength indicators, traders can identify Merit Medical Systems entry and exit signals to maximize returns
| Accumulation Distribution | 11438.48 | |||
| Daily Balance Of Power | (0.30) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 74.4 | |||
| Day Typical Price | 74.3 | |||
| Price Action Indicator | (0.52) | |||
| Period Momentum Indicator | 7.79 |
Merit Medical Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Merit Medical's price direction in advance. Along with the technical and fundamental analysis of Merit Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Merit to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0392 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0614 |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Merit Medical Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Complementary Tools for Merit Stock analysis
When running Merit Medical's price analysis, check to measure Merit Medical's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Merit Medical is operating at the current time. Most of Merit Medical's value examination focuses on studying past and present price action to predict the probability of Merit Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Merit Medical's price. Additionally, you may evaluate how the addition of Merit Medical to your portfolios can decrease your overall portfolio volatility.
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Is Merit Medical's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Merit Medical. If investors know Merit will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Merit Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.333 | Earnings Share 1.74 | Revenue Per Share 22.224 | Quarterly Revenue Growth 0.087 | Return On Assets 0.0425 |
The market value of Merit Medical Systems is measured differently than its book value, which is the value of Merit that is recorded on the company's balance sheet. Investors also form their own opinion of Merit Medical's value that differs from its market value or its book value, called intrinsic value, which is Merit Medical's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Merit Medical's market value can be influenced by many factors that don't directly affect Merit Medical's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Merit Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Merit Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Merit Medical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.