28-Mar-2024
No headlines found.
Merit Medical Launches the Micro ACE Advanced Micro-Access System
Globe Newswire (Tue, 19-Mar 9:25 AM ET)
Merit Medical Systems to Announce First Quarter 2024 Results on April 30, 2024
Globe Newswire (Mon, 18-Mar 5:19 PM ET)
Globe Newswire (Tue, 5-Mar 9:25 AM ET)
Globe Newswire (Wed, 28-Feb 4:05 PM ET)
Globe Newswire (Wed, 28-Feb 4:05 PM ET)
Merit Medical Receives FDA 510(k) Clearance for SCOUT MD Surgical Guidance System
Globe Newswire (Thu, 15-Feb 9:25 AM ET)
First Patient Enrolled in Merit Medical's MOTION Study
Globe Newswire (Tue, 16-Jan 4:05 PM ET)
Globe Newswire (Mon, 8-Jan 9:00 AM ET)
Merit Medical to Present at the J.P. Morgan 42nd Annual Healthcare Conference
Globe Newswire (Wed, 3-Jan 4:05 PM ET)
Merit Medical Systems Inc is a medical equipment company that develops and manufactures products for use in interventional cardiology, radiology, and endoscopy procedures. The firm reports two segments which are Cardiovascular and Endoscopy. The majority of the revenue is earned from the Cardiovascular segment. The United States generates the majority of the revenue.
Merit Medical Systems trades on the NASDAQ stock market under the symbol MMSI.
As of March 28, 2024, MMSI stock price climbed to $75.75 with 271,316 million shares trading.
MMSI has a beta of 0.45, meaning it tends to be less sensitive to market movements. MMSI has a correlation of 0.05 to the broad based SPY ETF.
MMSI has a market cap of $4.37 billion. This is considered a Mid Cap stock.
Last quarter Merit Medical Systems reported $325 million in Revenue and $.81 earnings per share. This beat revenue expectation by $5 million and exceeded earnings estimates by $.05.
In the last 3 years, MMSI stock traded as high as $85.62 and as low as $50.46.
The top ETF exchange traded funds that MMSI belongs to (by Net Assets): IJR, VTI, VB, IWM, VXF.
MMSI has underperformed the market in the last year with a return of +4.3%, while the SPY ETF gained +33.6%. In the last 3 month period, MMSI fell short of the market, returning -1.2%, while SPY returned +10.1%. However, in the most recent 2 weeks MMSI has outperformed the stock market by returning +3.8%, while SPY returned +1.7%.
MMSI support price is $74.47 and resistance is $76.45 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MMSI stock will trade within this expected range on the day.