Stock To Watch: Merit Medical Systems, Inc. (NASDAQ:MMSI)


The leading market experts have placed a mean price target of $24.50 on Merit Medical Systems, Inc. (NASDAQ:MMSI) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.26 a share for the upcoming quarter and $0.97 for the current fiscal. Technical View The technical analysis of Merit Medical Systems, Inc. plainly substantiates that the 50-day moving average of Merit Medical Systems, Inc. is $19.25, and stock is hovering -0.32 or -1.65% distant from $19.25. It is noted that the 200-day MA is $18.35, and Merit Medical Systems, Inc. stock is $0.58 or +3.18% off from this point. Merit Medical Systems, Inc. (NASDAQ:MMSI) 52-week high is $26.42 and the 52-week low is $15.47. This explains if the stock moves $-7.49, it will post a 52-week high. In event of $+22.37% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Merit Medical Systems, Inc., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Merit Medical Systems, Inc. (NASDAQ:MMSI) ratio came in at 37.12. The stock last ended the trading session at $18.93 and registered a market cap of $838.77M. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Merit Medical Systems, Inc. (NASDAQ:MMSI) PEG ratio is at 4.73.

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