Merit Medical Systems Inc. (NASDAQ: MMSI) is -17.03% lower on its value in year-to-date trading and has touched a low of $50.46 and a high of $73.85 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MMSI stock was last observed hovering at around $52.16 in the last trading session, with the day’s loss setting it -0.47% off its average median price target of $74.00 for the next 12 months. It is also 41.26% off the consensus price target high of $88.00 offered by 8 analysts, but current levels are 26.16% higher than the price target low of $70.00 for the same period.
Currently trading at $51.69, the stock is -2.85% and -10.08% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.2 million and changing -0.90% at the moment leaves the stock -17.39% off its SMA200. MMSI registered -14.91% loss for a year compared to 6-month loss of -12.51%. The firm has a 50-day simple moving average (SMA 50) of $57.26 and a 200-day simple moving average (SMA200) of $62.47.
The stock witnessed a -5.24% gain in the last 1 month and extending the period to 3 months gives it a -23.97%, and is -4.68% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.70% over the week and 3.32% over the month.
Merit Medical Systems Inc. (MMSI) has around 6446 employees, a market worth around $2.95B and $1.10B in sales. Current P/E ratio is 61.90 and Fwd P/E is 18.69. Profit margin for the company is 4.40%. Distance from 52-week low is 2.44% and -30.01% from its 52-week high. The company has generated returns on investments over the last 12 months (4.30%).
Merit Medical Systems Inc. (MMSI) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Merit Medical Systems Inc. (MMSI) is a “Buy”. 8 analysts offering their recommendations for the stock have an average rating of 1.60, where 1 rate it as a Hold and 1 think it is a “Overweight”. 6 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Merit Medical Systems Inc. is expected to release its quarterly report on 10/27/2022.The EPS is expected to grow by 575.80% this year.
Merit Medical Systems Inc. (MMSI) Top Institutional Holders
The shares outstanding are 56.59M, and float is at 55.40M with Short Float at 2.09%.
Merit Medical Systems Inc. (MMSI) Insider Activity
A total of 22 insider transactions have happened at Merit Medical Systems Inc. (MMSI) in the last six months, with sales accounting for 6 and purchases happening 16 times. The most recent transaction is an insider sale by Millner F. Ann ,the company’sDirector. SEC filings show that Millner F. Ann sold 6,378 shares of the company’s common stock on Jun 03 at a price of $61.92 per share for a total of $0.39 million. Following the sale, the insider now owns 27698.0 shares.
Merit Medical Systems Inc. disclosed in a document filed with the SEC on Sep 15 that Ward Lynne (Director) sold a total of 9,470 shares of the company’s common stock. The trade occurred on Sep 15 and was made at $71.83 per share for $0.68 million. Following the transaction, the insider now directly holds 12499.0 shares of the MMSI stock.
Still, SEC filings show that on Sep 15, Wright Joseph (PRESIDENT, INTERNATIONAL) disposed off 10,000 shares at an average price of $72.01 for $0.72 million. The insider now directly holds 12,343 shares of Merit Medical Systems Inc. (MMSI).
Merit Medical Systems Inc. (MMSI): Who are the competitors?
The company’s main competitors (and peers) include AngioDynamics Inc. (ANGO) that is trading -21.60% down over the past 12 months and Johnson & Johnson (JNJ) that is 3.09% higher over the same period. Boston Scientific Corporation (BSX) is -14.11% down on the 1-year trading charts. Short interest in the company’s stock has fallen -0.87% from the last report on Jun 29, 2022 to stand at a total of 1.16 million short shares sold with a short interest ratio of 3.67.