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Merit Medical Systems (MMSI) Stock Price, News & Analysis

Merit Medical Systems logo
$104.08 -0.63 (-0.60%)
(As of 11/20/2024 ET)

About Merit Medical Systems Stock (NASDAQ:MMSI)

Key Stats

Today's Range
$102.97
$104.49
50-Day Range
$93.76
$104.71
52-Week Range
$65.46
$105.46
Volume
345,173 shs
Average Volume
448,518 shs
Market Capitalization
$6.07 billion
P/E Ratio
51.02
Dividend Yield
N/A
Price Target
$103.36
Consensus Rating
Moderate Buy

Company Overview

Merit Medical Systems, Inc. designs, develops, manufactures, and markets single-use medical products for interventional, diagnostic, and therapeutic procedures in the United States and internationally. It operates in two segments, Cardiovascular and Endoscopy. The company provides micropuncture kits, angiographic needles, sheaths, guide wires, and safety products; peripheral intervention, including angiography, drainage, delivery systems, and embolotherapy products; spine products, such as vertebral augmentation, radiofrequency ablation, and bone biopsy systems; oncology products; and cardiac intervention products, such as access, angiography, electrophysiology and cardiac rhythm management, fluid management, hemodynamic monitoring, hemostasis, and intervention to treat various heart conditions. It also offers custom procedural solutions that include critical care products, disinfection protection systems, syringes, manifold kits, and trays and packs; coating services for medical tubes and wires; and sensor components for microelectromechanical systems. In addition, the company provides pulmonary products that consist of laser-cut tracheobronchial stents, over-the-wire and direct visualization delivery systems, and dilation balloons to endoscopically dilate structures; gastroenterology products, such as covered esophageal stents, syringe and gauges, and balloon dilators; and kits and accessories for endoscopy and bronchoscopy procedures. It sells its products to hospitals and alternate site-based physicians, technicians, and nurses through direct sales force, distributors, original equipment manufacturer partners, or custom procedure tray manufacturers. The company was incorporated in 1987 and is headquartered in South Jordan, Utah.

Merit Medical Systems Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
89th Percentile Overall Score

MMSI MarketRank™: 

Merit Medical Systems scored higher than 89% of companies evaluated by MarketBeat, and ranked 150th out of 963 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Merit Medical Systems has received a consensus rating of Moderate Buy. The company's average rating score is 2.92, and is based on 9 buy ratings, 2 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Merit Medical Systems has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Merit Medical Systems' stock forecast and price target.
  • Earnings Growth

    Earnings for Merit Medical Systems are expected to grow by 10.42% in the coming year, from $3.36 to $3.71 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Merit Medical Systems is 51.02, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.33.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Merit Medical Systems is 51.02, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 134.37.

  • Price to Earnings Growth Ratio

    Merit Medical Systems has a PEG Ratio of 2.53. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Merit Medical Systems has a P/B Ratio of 5.00. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Merit Medical Systems' valuation and earnings.
  • Percentage of Shares Shorted

    4.62% of the outstanding shares of Merit Medical Systems have been sold short.
  • Short Interest Ratio / Days to Cover

    Merit Medical Systems has a short interest ratio ("days to cover") of 6.4.
  • Change versus previous month

    Short interest in Merit Medical Systems has recently increased by 16.45%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Merit Medical Systems does not currently pay a dividend.

  • Dividend Growth

    Merit Medical Systems does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    4.62% of the outstanding shares of Merit Medical Systems have been sold short.
  • Short Interest Ratio / Days to Cover

    Merit Medical Systems has a short interest ratio ("days to cover") of 6.4.
  • Change versus previous month

    Short interest in Merit Medical Systems has recently increased by 16.45%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Merit Medical Systems has a news sentiment score of 1.05. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.45 average news sentiment score of Medical companies.
  • News Coverage This Week

    MarketBeat has tracked 8 news articles for Merit Medical Systems this week, compared to 6 articles on an average week.
  • Search Interest

    2 people have searched for MMSI on MarketBeat in the last 30 days.
  • MarketBeat Follows

    6 people have added Merit Medical Systems to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Merit Medical Systems insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,175,276.00 in company stock.

  • Percentage Held by Insiders

    Only 3.70% of the stock of Merit Medical Systems is held by insiders.

  • Percentage Held by Institutions

    99.66% of the stock of Merit Medical Systems is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Merit Medical Systems' insider trading history.
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MMSI Stock News Headlines

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MMSI Stock Analysis - Frequently Asked Questions

Merit Medical Systems' stock was trading at $75.96 at the beginning of 2024. Since then, MMSI shares have increased by 37.0% and is now trading at $104.08.
View the best growth stocks for 2024 here
.

Merit Medical Systems, Inc. (NASDAQ:MMSI) announced its quarterly earnings data on Wednesday, October, 30th. The medical instruments supplier reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.06. The company's revenue for the quarter was up 7.8% compared to the same quarter last year.

Merit Medical Systems subsidiaries include these companies: Fibrovein Holdings Limited, Brightwater Medical Inc., Vascular Insights LLC, Cianna Medical Inc., DFINE Inc., BioSphere Medical SA, Alveolus Inc., and others.

Merit Medical Systems' top institutional investors include Conestoga Capital Advisors LLC (3.94%), State Street Corp (3.83%), FMR LLC (2.71%) and ArrowMark Colorado Holdings LLC (2.50%). Insiders that own company stock include Fred P Lampropoulos, A Scott Anderson, Joseph Wright, F Ann Millner, Thomas James Gunderson, Raul Jr Parra, Ronald Frost, Neil Peterson, Brian G Lloyd, Lynne Ward and Michel James Voigt.
View institutional ownership trends
.

Shares of MMSI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Merit Medical Systems investors own include American Water Works (AWK), Waste Connections (WCN), Humana (HUM), DiamondRock Hospitality (DRH), The RMR Group (RMR), Voyager Therapeutics (VYGR) and AUO (AUOTY).

Company Calendar

Last Earnings
10/30/2024
Today
11/21/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/26/2025

Industry, Sector and Symbol

Sector
Medical
Industry
Surgical & medical instruments
Sub-Industry
Health Care Supplies
Current Symbol
NASDAQ:MMSI
CUSIP
58988910
Employees
6,950
Year Founded
1987

Price Target and Rating

Average Stock Price Target
$103.36
High Stock Price Target
$125.00
Low Stock Price Target
$87.00
Potential Upside/Downside
-0.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.92
Research Coverage
12 Analysts

Profitability

Net Income
$94.41 million
Pretax Margin
11.19%

Debt

Sales & Book Value

Annual Sales
$1.26 billion
Cash Flow
$4.93 per share
Book Value
$20.81 per share

Miscellaneous

Free Float
56,123,000
Market Cap
$6.07 billion
Optionable
Optionable
Beta
0.89

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This page (NASDAQ:MMSI) was last updated on 11/21/2024 by MarketBeat.com Staff
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