Merit Medical Systems Sets New 12-Month High Heres Why
| MMSI Stock | USD 95.83 0.26 0.27% |
Under 61% of Merit Medical's investor base is looking to short. The analysis of overall sentiment of trading Merit Medical Systems stock suggests that many investors are alarmed at this time. Merit Medical's investing sentiment shows overall attitude of investors towards Merit Medical Systems.
Merit Medical Systems, Inc. s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as 105.46 and last traded at 104.99, with a volume of 35874 shares trading hands. The stock had previously closed at 104.10. Analyst Upgrades and Downgrades Several equities research
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Merit Medical Fundamental Analysis
We analyze Merit Medical's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Merit Medical using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Merit Medical based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Current Valuation
Current Valuation Comparative Analysis
Merit Medical is currently under evaluation in current valuation category among its peers. Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Merit Medical Systems Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Merit Medical stock to make a market-neutral strategy. Peer analysis of Merit Medical could also be used in its relative valuation, which is a method of valuing Merit Medical by comparing valuation metrics with similar companies.
Peers
Merit Medical Related Equities
| HAE | Haemonetics | 0.26 | ||||
| XRAY | Dentsply Sirona | 0.63 | ||||
| TFX | Teleflex Incorporated | 0.85 | ||||
| NVST | Envista Holdings | 1.01 | ||||
| ICUI | ICU Medical | 3.20 |
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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