Merit Medical Systems, Inc (NASDAQ: MMSI) is 1.47% higher on its value in year-to-date trading and has touched a low of $70.70 and a high of $108.07 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MMSI stock was last observed hovering at around $95.86 in the last trading session, with the day’s gains setting it 2.28%.
Currently trading at $98.14, the stock is -0.69% and -2.72% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.43 million and changing 2.38% at the moment leaves the stock 9.24% off its SMA200. MMSI registered 26.01% gain for a year compared to 6-month gain of 12.56%. The firm has a 50-day simple moving average (SMA 50) of $100.8792 and a 200-day simple moving average (SMA200) of $89.83885.
The stock witnessed a -6.00% loss in the last 1 month and extending the period to 3 months gives it a 2.57%, and is 1.47% up 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 2.23% over the week and 2.30% over the month.
Merit Medical Systems, Inc (MMSI) has around 6950 employees, a market worth around $5.72B and $1.32B in sales. Current P/E ratio is 48.07 and Fwd P/E is 26.40. Profit margin for the company is 9.07%. Distance from 52-week low is 38.81% and -9.19% from its 52-week high. The company has generated returns on investments over the last 12 months (5.63%).
The EPS is expected to grow by 11.41% this year
523.0 institutions hold shares in Merit Medical Systems, Inc (MMSI), with institutional investors hold 107.04% of the company’s shares. The shares outstanding are 58.27M, and float is at 56.82M with Short Float at 4.53%. Institutions hold 104.39% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 8.91 million shares valued at $766.15 million. The investor’s holdings represent 15.3322 of the MMSI Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 6.57 million shares valued at $564.55 million to account for 11.2976 of the shares outstanding. The other top investors are WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC which holds 3.05 million shares representing 5.252 and valued at over $262.44 million, while CONESTOGA CAPITAL ADVISORS, LLC holds 3.8707 of the shares totaling 2.25 million with a market value of $193.42 million.
Merit Medical Systems, Inc (MMSI) Insider Activity
The most recent transaction is an insider sale by Millner F. Ann, the company’s Director. SEC filings show that Millner F. Ann sold 12,500 shares of the company’s common stock on Nov 15 ’24 at a price of $101.55 per share for a total of $1.27 million. Following the sale, the insider now owns 32391.0 shares.
Still, SEC filings show that on Nov 07 ’24, Parra Raul Jr. (CFO AND TREASURER) disposed off 5,361 shares at an average price of $102.18 for $0.55 million. The insider now directly holds 16,361 shares of Merit Medical Systems, Inc (MMSI).
