Merit Medical Systems Stock Today
| MMSI Stock | USD 72.03 1.04 1.46% |
Performance0 of 100
| Odds Of DistressLess than 5
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Merit Medical is trading at 72.03 as of the 20th of April 2024. This is a 1.46 percent up since the beginning of the trading day. The stock's open price was 70.99. Merit Medical has under 5 % chance of experiencing financial distress over the next 2 years, but has generated negative returns over the last 90 days. Equity ratings for Merit Medical Systems are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 21st of March 2024 and ending today, the 20th of April 2024. Click here to learn more.
Business Domain Health Care Equipment & Services | IPO Date 9th of August 1990 | Category Healthcare | Classification Health Care |
Merit Medical Systems, Inc. designs, develops, manufactures, and markets single-use medical products for interventional, diagnostic, and therapeutic procedures, primarily in cardiology, radiology, oncology, critical care, and endoscopy. Merit Medical Systems, Inc. The company has 58.06 M outstanding shares of which 1.98 M shares are now shorted by private and institutional investors with about 4.21 trading days to cover. More on Merit Medical Systems
Moving together with Merit Stock
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Moving against Merit Stock
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Follow Valuation Options Odds of Bankruptcy
Financial Report 24th of April 2024
Merit Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Merit Medical's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Merit Medical or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Chairman, CEO and Pres | Fred Lampropoulos | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Ideas | Showing 3 out of 5 themes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Health Care Equipment & Supplies, Health Care Equipment & Services, Health Care, SP Small-Cap 600, NASDAQ Composite, NASDAQ Composite Total, NASDAQ Health Care, Drugs, Office Supplies, Health Management, Trump Equities, Obamacare Repeal, Health Care, Health Care Equipment & Supplies, Medical Instruments & Supplies, Healthcare (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Merit Medical report their recommendations after researching Merit Medical's financial statements, talking to executives and customers, or listening in on Merit Medical's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Merit Medical Systems. The Merit consensus assessment is calculated by taking the average forecast from all of the analysts covering Merit Medical. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the analysis of Merit Medical's profitability, liquidity, and operating efficiency, Merit Medical Systems may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of Merit Medical Systems is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Merit Medical's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Merit Medical's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Merit Medical's financial leverage. It provides some insight into what part of Merit Medical's total assets is financed by creditors.
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Merit Medical Systems (MMSI) is traded on NASDAQ Exchange in USA. It is located in 1600 West Merit Parkway, South Jordan, UT, United States, 84095 and employs 6,950 people. Merit Medical is listed under Health Care Equipment & Supplies category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 4.12 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Merit Medical's market, we take the total number of its shares issued and multiply it by Merit Medical's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Merit Medical Systems conducts business under Health Care Equipment & Supplies sector and is part of Health Care industry. The entity has 58.06 M outstanding shares of which 1.98 M shares are now shorted by private and institutional investors with about 4.21 trading days to cover.
Merit Medical Systems currently holds about 51.48 M in cash with 145.15 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.91.
Check Merit Medical Probability Of Bankruptcy
Ownership AllocationMerit Medical Systems holds a total of 58.06 Million outstanding shares. The majority of Merit Medical outstanding shares are owned by institutional investors. These third-party entities are usually referred to as non-private investors looking to shop for positions in Merit Medical Systems to benefit from reduced commissions. Consequently, institutional holders are subject to a different set of regulations than regular investors in Merit Medical Systems. Please pay attention to any change in the institutional holdings of Merit Medical as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Merit Ownership Details
Merit Stock Price Odds Analysis
Coming from a normal probability distribution, the odds of Merit Medical jumping above the current price in 90 days from now is about 89.59%. The Merit Medical Systems probability density function shows the probability of Merit Medical stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.0133. This indicates Merit Medical Systems market returns are responsive to returns on the market. As the market goes up or down, Merit Medical is expected to follow. Additionally, merit Medical Systems has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Merit Medical to move above the current price in 90 days from now is about 89.59 (This Merit Medical Systems probability density function shows the probability of Merit Stock to fall within a particular range of prices over 90 days) .
Merit Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Merit Medical that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Merit Medical's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Merit Medical's value.| Instituion | Recorded On | Shares | |
| Loomis, Sayles & Company Lp | 2023-12-31 | 1.1 M | |
| Aristotle Capital Boston, Llc | 2023-12-31 | 869.5 K | |
| T. Rowe Price Associates, Inc. | 2023-12-31 | 816.8 K | |
| Amvescap Plc. | 2023-12-31 | 801.2 K | |
| Westwood Holdings Group Inc | 2023-12-31 | 748.4 K | |
| Bank Of New York Mellon Corp | 2023-12-31 | 745.3 K | |
| Channing Capital Management, Llc | 2023-12-31 | 728.2 K | |
| Greenhouse Funds Lllp | 2023-09-30 | 719.5 K | |
| Northern Trust Corp | 2023-12-31 | 713.7 K | |
| Blackrock Inc | 2023-12-31 | 10 M | |
| Vanguard Group Inc | 2023-12-31 | 6.9 M |
Merit Medical Historical Income Statement
Merit Medical Systems Income Statement is one of the three primary financial statements used for reporting Merit's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Merit Medical Systems revenue and expense. Merit Medical Income Statement primarily focuses on the company's revenues and expenses during a particular period.
As of now, Merit Medical's Gross Profit is increasing as compared to previous years. The Merit Medical's current Other Operating Expenses is estimated to increase to about 1.2 B, while Total Other Income Expense Net is forecasted to increase to (9.3 M). View More FundamentalsMerit Stock Against Markets
Picking the right benchmark for Merit Medical stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Merit Medical stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Merit Medical is critical whether you are bullish or bearish towards Merit Medical Systems at a given time. Please also check how Merit Medical's historical prices are related to one of the top price index indicators.
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Merit Medical Corporate Directors
Merit Medical corporate directors refer to members of a Merit Medical board of directors. The board of directors generally takes responsibility for the Merit Medical's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Merit Medical's board members must vote for the resolution. The Merit Medical board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Michael Stillabower | Independent Director | Profile | |
| Franklin Miller | Independent Director | Profile | |
| Jill Anderson | Director | Profile | |
| Elizabeth Huebner | Director | Profile |
How to buy Merit Stock?
Before investing in Merit Medical, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Merit Medical. To buy Merit Medical stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Merit Medical. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Merit Medical stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Merit Medical Systems stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Merit Medical Systems stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Merit Medical Systems, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Merit Stock please use our How to Invest in Merit Medical guide.
Already Invested in Merit Medical Systems?
The danger of trading Merit Medical Systems is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Merit Medical is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Merit Medical. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Merit Medical Systems is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Merit Medical Systems offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Merit Medical's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Merit Medical Systems Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Merit Medical Systems Stock: 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 Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
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 (0.17) | Earnings Share 1.62 | Revenue Per Share 21.832 | Quarterly Revenue Growth 0.106 | Return On Assets 0.0399 |
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.