Merit Medical Systems Stock Price on September 30, 2023
| MMSI Stock | USD 104.75 0.28 0.27% |
Below is the normalized historical share price chart for Merit Medical Systems extending back to May 14, 1990. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Merit Medical stands at 104.75, as last reported on the 22nd of November, with the highest price reaching 105.44 and the lowest price hitting 103.25 during the day.
If you're considering investing in Merit Stock, it is important to understand the factors that can impact its price. Merit Medical appears to be very steady, given 3 months investment horizon. Merit Medical Systems has Sharpe Ratio of 0.16, which conveys that the firm had a 0.16% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Merit Medical, which you can use to evaluate the volatility of the firm. Please exercise Merit Medical's Risk Adjusted Performance of 0.136, downside deviation of 1.0, and Mean Deviation of 0.8791 to check out if our risk estimates are consistent with your expectations.
As of now, Merit Medical's Common Stock is increasing as compared to previous years. The Merit Medical's current Capital Stock is estimated to increase to about 681.9 M, while Common Stock Shares Outstanding is projected to decrease to under 39.5 M. . As of now, Merit Medical's Price Cash Flow Ratio is decreasing as compared to previous years. Merit Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 9th of August 1990 | 200 Day MA 85.9489 | 50 Day MA 98.2278 | Beta 0.892 |
Merit |
Sharpe Ratio = 0.1616
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Estimated Market Risk
| 1.21 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.2 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Merit Medical is performing at about 12% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Merit Medical by adding it to a well-diversified portfolio.
Price Book 4.5834 | Enterprise Value Ebitda 22.2465 | Price Sales 4.6167 | Shares Float 56.9 M | Wall Street Target Price 110.0909 |
Merit Medical Valuation on September 30, 2023
It is possible to determine the worth of Merit Medical on a given historical date. On September 30, 2023 Merit was worth 69.48 at the beginning of the trading date compared to the closed value of 69.02. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Merit Medical stock. Still, in general, we apply an absolute valuation method to find Merit Medical's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Merit Medical where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Merit Medical's related companies.
| Open | High | Low | Close | Volume | |
| 68.21 | 70.06 | 66.85 | 69.42 | 539,211 | |
09/29/2023 | 69.48 | 70.58 | 68.80 | 69.02 | 451,150 |
| 68.75 | 68.86 | 66.83 | 67.23 | 423,487 |
| Backtest Merit Medical | | | Merit Medical History | | | Merit Medical Valuation | Previous | Next |
Merit Medical Trading Date Momentum on September 30, 2023
| On October 02 2023 Merit Medical Systems was traded for 67.23 at the closing time. The top price for the day was 68.86 and the lowest listed price was 66.83 . The trading volume for the day was 423.5 K. The trading history from October 2, 2023 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 2.59% . The trading delta at closing time against the current closing price is 2.67% . |
Merit Medical Systems Fundamentals Correlations and Trends
By evaluating Merit Medical's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Merit Medical's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Merit financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Merit Medical Stock history
Merit Medical investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Merit is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Merit Medical Systems will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Merit Medical stock prices may prove useful in developing a viable investing in Merit Medical
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 58.4 M | 39.5 M | |
| Net Income Applicable To Common Shares | 85.7 M | 90 M |
Merit Medical Quarterly Net Working Capital |
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Merit Medical Stock Technical Analysis
Merit Medical technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Merit Medical Period Price Range
Low | November 22, 2024
| High |
0.00 | 0.00 |
Merit Medical Systems cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Merit Medical November 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Merit Medical stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Merit Medical shares will generate the highest return on investment. By undertsting and applying Merit Medical stock market strength indicators, traders can identify Merit Medical Systems entry and exit signals to maximize returns
Merit Medical Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Merit Medical's price direction in advance. Along with the technical and fundamental analysis of Merit Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Merit to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.136 | |||
| Jensen Alpha | 0.1451 | |||
| Total Risk Alpha | 0.0419 | |||
| Sortino Ratio | 0.099 | |||
| Treynor Ratio | 0.3685 |
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Complementary Tools for Merit Stock analysis
When running Merit Medical's price analysis, check to measure Merit Medical's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Merit Medical is operating at the current time. Most of Merit Medical's value examination focuses on studying past and present price action to predict the probability of Merit Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Merit Medical's price. Additionally, you may evaluate how the addition of Merit Medical to your portfolios can decrease your overall portfolio volatility.
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