Stocks of Merit Medical Systems, Inc (NASDAQ:MMSI) traded higher last session on Wall Street, up 0.28% to $95.38.
MMSI stock price is now -1.67% away from the 50-day moving average and -3.68% away from the 200-day moving average. The market capitalization of the company currently stands at $5.64B.
With the price target of $120, JP Morgan recently initiated with Overweight rating for Merit Medical Systems, Inc (NASDAQ: MMSI). On December 11, 2024, Wells Fargo Upgraded its previous ‘Equal Weight’ rating to ‘Overweight’ on the stock increasing its target price from $103 to quote $120, while ‘Robert W. Baird’ rates the stock as ‘Outperform’
In other news, Millner F. Ann, Director sold 21,250 shares of the company’s stock on May 15 ’25. The stock was sold for $2,049,988 at an average price of $96.47. Upon completion of the transaction, the Director now directly owns 34,543 shares in the company, valued at $3.29 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 15 ’25, Director F ANN MILLNER bought 21,250 shares of the business’s stock. A total of $2,050,083 was incurred on buying the stock at an average price of $96.47. A total of 2.62% of the company’s stock is owned by insiders.
During the past 12 months, Merit Medical Systems, Inc has had a low of $80.02 and a high of $111.45. As of last week, the company has a debt-to-equity ratio of 0.57, a current ratio of 4.87, and a quick ratio of 3.26. According to the stock market information, the enterprise value for the company is $6059041792, which is based on a 46.78 price-to-earnings ratio, a 8.04 price-to-earnings-growth ratio, and a beta of 0.67. The fifty day moving average price for MMSI is $97.0044 and a two-hundred day moving average price translates $99.0192 for the stock.
The latest earnings results from Merit Medical Systems, Inc (NASDAQ: MMSI) was released for 2025-03-31. The net profit margin was 8.82% and return on equity was 9.16% for MMSI. The company reported revenue of $355.35 million for the quarter, compared to $323.51 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.84 percent. For the current quarter, analysts expect MMSI to generate $372.47M in revenue.
