Merit Medical Systems Stock Today
| MMSI Stock | USD 103.66 0.34 0.33% |
Performance8 of 100
| Odds Of DistressLess than 5
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Merit Medical is trading at 103.66 as of the 28th of November 2024. This is a 0.33 percent decrease since the beginning of the trading day. The stock's open price was 104.0. Merit Medical has under 5 % chance of experiencing financial distress over the next 2 years but had a somewhat ok performance during the last 90 days. Equity ratings for Merit Medical Systems are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 29th of October 2024 and ending today, the 28th of November 2024. Click here to learn more.
Business Domain Health Care Equipment & Services | IPO Date 9th of August 1990 | Category Healthcare | Classification Health Care |
Merit Medical Systems, Inc. designs, develops, manufactures, and markets single-use medical products for interventional, diagnostic, and therapeutic procedures, primarily in cardiology, radiology, oncology, critical care, and endoscopy. Merit Medical Systems, Inc. The company has 58.28 M outstanding shares of which 2.69 M shares are now shorted by private and institutional investors with about 5.85 trading days to cover. More on Merit Medical Systems
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Merit Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| Chairman, CEO and Pres | Fred Lampropoulos | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Ideas | Showing 3 out of 5 themes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Health Care Equipment & Supplies, Health Care Equipment & Services, Health Care, NASDAQ Composite, SP Small-Cap 600, Drugs, Health Management, Office Supplies, Obamacare Repeal, Trump Equities, Health Care, Health Care Equipment & Supplies, Medical Instruments & Supplies, Healthcare (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
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Debt LevelsMerit Medical can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Merit Medical's financial leverage. It provides some insight into what part of Merit Medical's total assets is financed by creditors.
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Merit Medical Systems (MMSI) is traded on NASDAQ Exchange in USA. It is located in 1600 West Merit Parkway, South Jordan, UT, United States, 84095 and employs 6,950 people. Merit Medical is listed under Health Care Equipment & Supplies category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 6.06 B. Merit Medical Systems conducts business under Health Care Equipment & Supplies sector and is part of Health Care industry. The entity has 58.28 M outstanding shares of which 2.69 M shares are now shorted by private and institutional investors with about 5.85 trading days to cover.
Merit Medical Systems currently holds about 51.48 M in cash with 145.15 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.91.
Check Merit Medical Probability Of Bankruptcy
Ownership AllocationThe majority of Merit Medical outstanding shares are owned by institutional investors. These third-party entities are usually referred to as non-private investors looking to shop for positions in Merit Medical Systems to benefit from reduced commissions. Consequently, institutional holders are subject to a different set of regulations than regular investors in Merit Medical Systems. Please pay attention to any change in the institutional holdings of Merit Medical as this could imply that something significant has changed or is about to change at the company.
Check Merit Ownership Details
Merit Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Dimensional Fund Advisors, Inc. | 2024-09-30 | 1.2 M | |
| Amvescap Plc. | 2024-06-30 | 1.2 M | |
| Loomis, Sayles & Company Lp | 2024-06-30 | 1.1 M | |
| Royal Bank Of Canada | 2024-06-30 | 947.6 K | |
| Greenhouse Funds Lllp | 2024-06-30 | 925.9 K | |
| Aristotle Capital Boston, Llc | 2024-06-30 | 794.6 K | |
| Norges Bank | 2024-06-30 | 782.7 K | |
| T. Rowe Price Associates, Inc. | 2024-06-30 | 780.5 K | |
| Charles Schwab Investment Management Inc | 2024-09-30 | 727.3 K | |
| Blackrock Inc | 2024-06-30 | 8.9 M | |
| Vanguard Group Inc | 2024-09-30 | 6.6 M |
Merit Medical Historical Income Statement
Merit Stock Against Markets
Merit Medical Corporate Management
| Alisha Jerauld | Social Environment | Profile | |
| CPA Parra | CFO Treasurer | Profile | |
| Sarah Comstock | Vice Communications | Profile | |
| JoAnne Alkire | Executive Strategy | Profile | |
| Mark Butler | Executive EMEA | Profile |
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Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Merit Medical. If investors know Merit will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Merit Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.091 | Earnings Share 2.05 | Revenue Per Share 22.847 | Quarterly Revenue Growth 0.078 | Return On Assets 0.0456 |
The market value of Merit Medical Systems is measured differently than its book value, which is the value of Merit that is recorded on the company's balance sheet. Investors also form their own opinion of Merit Medical's value that differs from its market value or its book value, called intrinsic value, which is Merit Medical's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Merit Medical's market value can be influenced by many factors that don't directly affect Merit Medical's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Merit Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Merit Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Merit Medical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.