Merit Medical Systems Stock Buy Hold or Sell Recommendation
| MMSI Stock | USD 105.03 0.95 0.91% |
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Merit Medical Systems is 'Strong Hold'. The recommendation algorithm takes into account all of Merit Medical's available fundamental, technical, and predictive indicators you will find on this site.
Check out Merit Medical Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. In addition, we conduct extensive research on individual companies such as Merit and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards Merit Medical Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
Merit |
Execute Merit Medical Buy or Sell Advice
The Merit recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Merit Medical Systems. Macroaxis does not own or have any residual interests in Merit Medical Systems or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Merit Medical's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Hold
Market Performance | Good | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Very Low | Details | |
Economic Sensitivity | Follows the market closely | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Merit Medical Trading Alerts and Improvement Suggestions
| Over 98.0% of the company shares are owned by institutional investors | |
| Latest headline from investing.com: Merit Medical director Millner sells 1.27m in stock |
Merit Medical Returns Distribution Density
The distribution of Merit Medical's historical returns is an attempt to chart the uncertainty of Merit Medical's future price movements. The chart of the probability distribution of Merit Medical daily returns describes the distribution of returns around its average expected value. We use Merit Medical Systems price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Merit Medical returns is essential to provide solid investment advice for Merit Medical.
| Mean Return | 0.21 | Value At Risk | -1.23 | Potential Upside | 2.11 | Standard Deviation | 1.21 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Merit Medical historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Merit Stock Institutional Investors
| Shares | Dimensional Fund Advisors, Inc. | 2024-09-30 | 1.2 M | Amvescap Plc. | 2024-06-30 | 1.2 M | Loomis, Sayles & Company Lp | 2024-06-30 | 1.1 M | Royal Bank Of Canada | 2024-06-30 | 947.6 K | Greenhouse Funds Lllp | 2024-06-30 | 925.9 K | Aristotle Capital Boston, Llc | 2024-06-30 | 794.6 K | Norges Bank | 2024-06-30 | 782.7 K | T. Rowe Price Associates, Inc. | 2024-06-30 | 780.5 K | Westwood Holdings Group Inc | 2024-06-30 | 772.1 K | Blackrock Inc | 2024-06-30 | 8.9 M | Vanguard Group Inc | 2024-09-30 | 6.6 M |
Merit Medical Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | (27.0M) | 29.4M | (25.2M) | (47.9M) | (32.1M) | (30.5M) | |
| Change In Cash | (23.0M) | 12.6M | 10.8M | (7.2M) | 528.6M | 555.0M | |
| Free Cash Flow | (3.7M) | 116.0M | 119.3M | 69.3M | 108.5M | 113.9M | |
| Depreciation | 104.4M | 106.8M | 95.8M | 92.2M | 101.3M | 106.4M | |
| Other Non Cash Items | 26.8M | 31.0M | 9.4M | 15.9M | 10.8M | 11.3M | |
| Capital Expenditures | 81.5M | 49.3M | 27.9M | 45.0M | 36.7M | 29.4M | |
| Net Income | 5.5M | (9.8M) | 48.5M | 74.5M | 94.4M | 99.1M | |
| End Period Cash Flow | 44.3M | 56.9M | 67.8M | 60.6M | 589.1M | 618.6M | |
| Change To Netincome | 22.8M | 175.1M | 20.8M | 39.8M | 45.7M | 30.8M | |
| Investments | (134.5M) | 250K | (37.2M) | (57.4M) | (184.3M) | (175.1M) | |
| Net Borrowings | 44.5M | (88.4M) | (108.5M) | (44.9M) | (40.4M) | (38.4M) |
Merit Medical Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Merit Medical or Health Care Equipment & Supplies sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Merit Medical's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Merit stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 0.16 | |
β | Beta against Dow Jones | 0.54 | |
σ | Overall volatility | 1.22 | |
Ir | Information ratio | 0.1 |
Merit Medical Volatility Alert
Merit Medical Systems has low volatility with Treynor Ratio of 0.38, Maximum Drawdown of 6.42 and kurtosis of 1.91. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Merit Medical's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Merit Medical's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Merit Medical Fundamentals Vs Peers
Comparing Merit Medical's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Merit Medical's direct or indirect competition across all of the common fundamentals between Merit Medical and the related equities. This way, we can detect undervalued stocks with similar characteristics as Merit Medical or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Merit Medical's fundamental indicators could also be used in its relative valuation, which is a method of valuing Merit Medical by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Merit Medical to competition |
| Fundamentals | Merit Medical | Peer Average |
| Return On Equity | 0.094 | -0.31 |
| Return On Asset | 0.0456 | -0.14 |
| Profit Margin | 0.09 % | (1.27) % |
| Operating Margin | 0.11 % | (5.51) % |
| Current Valuation | 6.36 B | 16.62 B |
| Shares Outstanding | 58.28 M | 571.82 M |
| Shares Owned By Insiders | 2.47 % | 10.09 % |
| Shares Owned By Institutions | 97.53 % | 39.21 % |
| Number Of Shares Shorted | 2.69 M | 4.71 M |
| Price To Earning | 956.67 X | 28.72 X |
| Price To Book | 4.58 X | 9.51 X |
| Price To Sales | 4.57 X | 11.42 X |
| Revenue | 1.26 B | 9.43 B |
| Gross Profit | 519.1 M | 27.38 B |
| EBITDA | 231.44 M | 3.9 B |
| Net Income | 94.41 M | 570.98 M |
| Cash And Equivalents | 51.48 M | 2.7 B |
| Cash Per Share | 0.91 X | 5.01 X |
| Total Debt | 891.36 M | 5.32 B |
| Debt To Equity | 0.26 % | 48.70 % |
| Current Ratio | 2.35 X | 2.16 X |
| Book Value Per Share | 22.71 X | 1.93 K |
| Cash Flow From Operations | 145.15 M | 971.22 M |
| Short Ratio | 7.55 X | 4.00 X |
| Earnings Per Share | 2.05 X | 3.12 X |
| Price To Earnings To Growth | 2.39 X | 4.89 X |
| Target Price | 110.09 | |
| Number Of Employees | 6.95 K | 18.84 K |
| Beta | 0.89 | -0.15 |
| Market Capitalization | 6.07 B | 19.03 B |
| Total Asset | 2.33 B | 29.47 B |
| Retained Earnings | 575.18 M | 9.33 B |
| Working Capital | 904.91 M | 1.48 B |
Note: Disposition of 12500 shares by Millner F. Ann of Merit Medical at 50.5 subject to Rule 16b-3 [view details]
Merit Medical Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Merit . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Merit Medical Buy or Sell Advice
When is the right time to buy or sell Merit Medical Systems? Buying financial instruments such as Merit Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
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Check out Merit Medical Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Merit Medical. If investors know Merit will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Merit Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.091 | Earnings Share 2.05 | Revenue Per Share 22.847 | Quarterly Revenue Growth 0.078 | Return On Assets 0.0456 |
The market value of Merit Medical Systems is measured differently than its book value, which is the value of Merit that is recorded on the company's balance sheet. Investors also form their own opinion of Merit Medical's value that differs from its market value or its book value, called intrinsic value, which is Merit Medical's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Merit Medical's market value can be influenced by many factors that don't directly affect Merit Medical's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Merit Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Merit Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Merit Medical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.