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

$85.52
+0.52 (+0.61%)
(As of 07/26/2024 ET)
Today's Range
$84.68
$85.94
50-Day Range
$80.43
$87.33
52-Week Range
$62.58
$88.85
Volume
281,389 shs
Average Volume
441,985 shs
Market Capitalization
$4.97 billion
P/E Ratio
49.15
Dividend Yield
N/A
Price Target
$96.20

Merit Medical Systems MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
12.5% Upside
$96.20 Price Target
Short Interest
Bearish
5.11% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.16
Upright™ Environmental Score
News Sentiment
0.70mentions of Merit Medical Systems in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$1.68 M Sold Last Quarter
Proj. Earnings Growth
10.94%
From $3.29 to $3.65 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.64 out of 5 stars

Medical Sector

80th out of 936 stocks

Surgical & Medical Instruments Industry

12th out of 101 stocks

MMSI stock logo

About Merit Medical Systems Stock (NASDAQ:MMSI)

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.

MMSI Stock Price History

MMSI Stock News Headlines

Alex's "Next Magnificent Seven" Stocks
Today Alex Green is releasing his new breakdown of AI's "Next Magnificent Seven." So please make some time to watch it.
Merit Medical Systems: Steady Wins The Day
Alex's "Next Magnificent Seven" Stocks
Today Alex Green is releasing his new breakdown of AI's "Next Magnificent Seven." So please make some time to watch it.
Merit Medical Launches basixSKY™ Inflation Device
Merit Medical Executive Leadership Team Update
See More Headlines
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Company Calendar

Last Earnings
4/30/2024
Today
7/26/2024
Next Earnings (Confirmed)
8/01/2024
Fiscal Year End
12/31/2024

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
$96.20
High Stock Price Target
$125.00
Low Stock Price Target
$87.00
Potential Upside/Downside
+12.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
11 Analysts

Profitability

Net Income
$94.41 million
Pretax Margin
9.42%

Debt

Sales & Book Value

Annual Sales
$1.26 billion
Cash Flow
$4.74 per share
Book Value
$20.81 per share

Miscellaneous

Free Float
55,956,000
Market Cap
$4.97 billion
Optionable
Optionable
Beta
0.88

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MMSI Stock Analysis - Frequently Asked Questions

How have MMSI shares performed this year?

Merit Medical Systems' stock was trading at $75.96 at the beginning of the year. Since then, MMSI stock has increased by 12.6% and is now trading at $85.52.
View the best growth stocks for 2024 here
.

How were Merit Medical Systems' earnings last quarter?

Merit Medical Systems, Inc. (NASDAQ:MMSI) released its earnings results on Tuesday, April, 30th. The medical instruments supplier reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.71 by $0.06. The business's revenue for the quarter was up 8.7% compared to the same quarter last year.

What is Fred P. Lampropoulos' approval rating as Merit Medical Systems' CEO?

158 employees have rated Merit Medical Systems Chief Executive Officer Fred P. Lampropoulos on Glassdoor.com. Fred P. Lampropoulos has an approval rating of 73% among the company's employees.

Does Merit Medical Systems have any subsidiaries?

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.

Who are Merit Medical Systems' major shareholders?

Merit Medical Systems' top institutional shareholders include Conestoga Capital Advisors LLC (3.87%), Bank of New York Mellon Corp (0.89%), Raymond James & Associates (0.22%) and Allspring Global Investments Holdings LLC (0.19%). Insiders that own company stock include Fred P Lampropoulos, A Scott Anderson, Joseph Wright, F Ann Millner, Thomas James Gunderson, Ronald Frost, Neil Peterson, Raul Jr Parra, Brian G Lloyd, Lynne Ward, Michel James Voigt and Jill Anderson.
View institutional ownership trends
.

How do I buy shares of Merit Medical Systems?

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.

What other stocks do shareholders of Merit Medical Systems own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Merit Medical Systems investors own include Citigroup (C), OraSure Technologies (OSUR), LightPath Technologies (LPTH), Overstock.com (OSTK), EXFO (EXFO), Energy Transfer (ET) and RTI Surgical (RTIX).

This page (NASDAQ:MMSI) was last updated on 7/27/2024 by MarketBeat.com Staff

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