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After finishing at $95.61 in the prior trading day, Merit Medical Systems, Inc. (NASDAQ: MMSI) closed at $93.76, down -1.93%. In other words, the price has decreased by -$1.93 from its previous closing price. On the day, 0.58 million shares were traded. MMSI stock price reached its highest trading level at $95.1 during the session, while it also had its lowest trading level at $93.71.
Ratios:
Our goal is to gain a better understanding of MMSI by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.54 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 30.32. For the most recent quarter (mrq), Quick Ratio is recorded 4.64 and its Current Ratio is at 6.24. In the meantime, Its Debt-to-Equity ratio is 0.68 whereas as Long-Term Debt/Eq ratio is at 0.67.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Robert W. Baird on June 28, 2024, initiated with a Outperform rating and assigned the stock a target price of $96.
On April 11, 2024, CL King started tracking the stock assigning a Buy rating and target price of $88.
On February 07, 2024, BofA Securities started tracking the stock assigning a Neutral rating and target price of $87.BofA Securities initiated its Neutral rating on February 07, 2024, with a $87 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 28 ’24 when Millner F. Ann sold 12,500 shares for $85.00 per share. The transaction valued at 1,062,500 led to the insider holds 32,391 shares of the business.
Peterson Neil sold 7,500 shares of MMSI for $613,845 on Jun 10 ’24. The CHIEF OPERATING OFFICER now owns 14,819 shares after completing the transaction at $81.85 per share. On Mar 12 ’24, another insider, Parra Raul Jr., who serves as the CFO AND TREASURER of the company, sold 6,480 shares for $73.95 each. As a result, the insider received 479,182 and left with 12,007 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MMSI now has a Market Capitalization of 5457629184 and an Enterprise Value of 5799505920. As of this moment, Merit’s Price-to-Earnings (P/E) ratio for their current fiscal year is 46.74, and their Forward P/E ratio for the next fiscal year is 25.44. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.60. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.20 while its Price-to-Book (P/B) ratio in mrq is 4.25. Its current Enterprise Value per Revenue stands at 4.457 whereas that against EBITDA is 23.551.
Stock Price History:
Over the past 52 weeks, MMSI has reached a high of $101.60, while it has fallen to a 52-week low of $62.58. The 50-Day Moving Average of the stock is -0.91%, while the 200-Day Moving Average is calculated to be 13.03%.
Shares Statistics:
The stock has traded on average 432.02K shares per day over the past 3-months and 325150 shares per day over the last 10 days, according to various share statistics. A total of 57.86M shares are outstanding, with a floating share count of 56.76M. Insiders hold about 2.49% of the company’s shares, while institutions hold 105.25% stake in the company. Shares short for MMSI as of 1727654400 were 2565146 with a Short Ratio of 5.94, compared to 1724976000 on 2781173. Therefore, it implies a Short% of Shares Outstanding of 2565146 and a Short% of Float of 6.45.
