The price of Merit Medical Systems, Inc. (NASDAQ: MMSI) closed at $71.94 in the last session, down -1.25% from day before closing price of $72.85. In other words, the price has decreased by -$0.91 from its previous closing price. On the day, 433992 shares were traded.
Ratios:
We take a closer look at MMSI’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.07 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 37.59. For the most recent quarter (mrq), Quick Ratio is recorded 3.95 and its Current Ratio is at 5.45. In the meantime, Its Debt-to-Equity ratio is 0.74 whereas as Long-Term Debt/Eq ratio is at 0.73.
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, BofA Securities on February 07, 2024, initiated with a Neutral rating and assigned the stock a target price of $87.
On December 21, 2023, Canaccord Genuity Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $100.
Canaccord Genuity Downgraded its Buy to Hold on December 20, 2022, whereas the target price for the stock was revised from $73 to $72.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 12 ’24 when Parra Raul Jr. sold 6,480 shares for $73.95 per share. The transaction valued at 479,182 led to the insider holds 12,007 shares of the business.
Wright Joseph sold 25,000 shares of MMSI for $1,891,925 on Mar 07 ’24. The CHIEF COMMERCIAL OFFICER now owns 42,223 shares after completing the transaction at $75.68 per share. On Mar 04 ’24, another insider, Gunderson Thomas James, who serves as the Director of the company, sold 18,157 shares for $76.03 each. As a result, the insider received 1,380,513 and left with 19,257 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 4.18B and an Enterprise Value of 4.48B. As of this moment, Merit’s Price-to-Earnings (P/E) ratio for their current fiscal year is 44.47, and their Forward P/E ratio for the next fiscal year is 19.77. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.10. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.33 while its Price-to-Book (P/B) ratio in mrq is 3.46. Its current Enterprise Value per Revenue stands at 3.56 whereas that against EBITDA is 19.58.
Stock Price History:
Over the past 52 weeks, MMSI has reached a high of $85.62, while it has fallen to a 52-week low of $62.58. The 50-Day Moving Average of the stock is 76.80, while the 200-Day Moving Average is calculated to be 73.45.
Shares Statistics:
According to the various share statistics, MMSI traded on average about 510.05K shares per day over the past 3-months and 359.82k shares per day over the past 10 days. A total of 57.86M shares are outstanding, with a floating share count of 56.47M. Insiders hold about 2.51% of the company’s shares, while institutions hold 100.38% stake in the company. Shares short for MMSI as of Mar 15, 2024 were 2.26M with a Short Ratio of 4.43, compared to 2.23M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.90% and a Short% of Float of 5.63%.
Earnings Estimates
The company has 8 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.71 for the current quarter, with a high estimate of $0.72 and a low estimate of $0.71, while EPS last year was $0.64. The consensus estimate for the next quarter is $0.88, with high estimates of $0.91 and low estimates of $0.84.
Analysts are recommending an EPS of between $3.34 and $3.3 for the fiscal current year, implying an average EPS of $3.31. EPS for the following year is $3.64, with 8 analysts recommending between $3.78 and $3.46.
Revenue Estimates
A total of 9 analysts have provided revenue estimates for MMSI’s current fiscal year. The highest revenue estimate was $1.32B, while the lowest revenue estimate was $1.32B, resulting in an average revenue estimate of $1.32B. In the same quarter a year ago, actual revenue was $1.26B, up 5.00% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $1.39B in the next fiscal year. The high estimate is $1.4B and the low estimate is $1.39B. The average revenue growth estimate for next year is up 5.50% from the average revenue estimate for this year.
