How to buy Merit Medical Systems stock - 15 April

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How to buy Merit Medical Systems stock

Own Merit Medical Systems stock in just a few minutes.

Merit Medical Systems, Inc is a medical instruments & supplies business based in the US. Merit Medical Systems shares (MMSI) are listed on the NASDAQ and all prices are listed in US Dollars. Merit Medical Systems employs 5,989 staff and has a trailing 12-month revenue of around USD$963.9 million.

How to buy shares in Merit Medical Systems

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Merit Medical Systems. Find the stock by name or ticker symbol: MMSI. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Merit Medical Systems reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Merit Medical Systems, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Merit Medical Systems. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Merit Medical Systems share price

Use our graph to track the performance of MMSI stocks over time.

Merit Medical Systems shares at a glance

Information last updated 2021-04-09.
52-week rangeUSD$33.02 - USD$61.23
50-day moving average USD$57.5385
200-day moving average USD$53.8213
Wall St. target priceUSD$64.56
PE ratio 379.2
Dividend yield N/A (0%)
Earnings per share (TTM) USD$0.332

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy Merit Medical Systems stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Is Merit Medical Systems under- or over-valued?

Valuing Merit Medical Systems stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Merit Medical Systems's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Merit Medical Systems's P/E ratio

Merit Medical Systems's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 379x. In other words, Merit Medical Systems shares trade at around 379x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

Merit Medical Systems's PEG ratio

Merit Medical Systems's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 2.8994. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Merit Medical Systems's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Merit Medical Systems's EBITDA

Merit Medical Systems's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$141.3 million.

The EBITDA is a measure of a Merit Medical Systems's overall financial performance and is widely used to measure a its profitability.

Merit Medical Systems financials

Revenue TTM USD$963.9 million
Operating margin TTM 4.9%
Gross profit TTM USD$401.2 million
Return on assets TTM 1.73%
Return on equity TTM -1.03%
Profit margin -1.02%
Book value $17.233
Market capitalisation USD$3.4 billion

TTM: trailing 12 months

Shorting Merit Medical Systems shares

There are currently 2.6 million Merit Medical Systems shares held short by investors – that's known as Merit Medical Systems's "short interest". This figure is 3.8% down from 2.7 million last month.

There are a few different ways that this level of interest in shorting Merit Medical Systems shares can be evaluated.

Merit Medical Systems's "short interest ratio" (SIR)

Merit Medical Systems's "short interest ratio" (SIR) is the quantity of Merit Medical Systems shares currently shorted divided by the average quantity of Merit Medical Systems shares traded daily (recently around 275178.2010582). Merit Medical Systems's SIR currently stands at 9.45. In other words for every 100,000 Merit Medical Systems shares traded daily on the market, roughly 9450 shares are currently held short.

However Merit Medical Systems's short interest can also be evaluated against the total number of Merit Medical Systems shares, or, against the total number of tradable Merit Medical Systems shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Merit Medical Systems's short interest could be expressed as 0.05% of the outstanding shares (for every 100,000 Merit Medical Systems shares in existence, roughly 50 shares are currently held short) or 0.065% of the tradable shares (for every 100,000 tradable Merit Medical Systems shares, roughly 65 shares are currently held short).

A SIR below 10% would generally be considered to indicate a fairly optimistic outlook for the share price, with fewer people currently willing to bet against Merit Medical Systems.

Find out more about how you can short Merit Medical Systems stock.

Merit Medical Systems share dividends

We're not expecting Merit Medical Systems to pay a dividend over the next 12 months.

Have Merit Medical Systems's shares ever split?

Merit Medical Systems's shares were split on a 5:4 basis on 5 May 2011. So if you had owned 4 shares the day before before the split, the next day you'd have owned 5 shares. This wouldn't directly have changed the overall worth of your Merit Medical Systems shares – just the quantity. However, indirectly, the new 20% lower share price could have impacted the market appetite for Merit Medical Systems shares which in turn could have impacted Merit Medical Systems's share price.

Merit Medical Systems share price volatility

Over the last 12 months, Merit Medical Systems's shares have ranged in value from as little as $33.02 up to $61.23. A popular way to gauge a stock's volatility is its "beta".

MMSI.US volatility(beta: 1.25)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Merit Medical Systems's is 1.2532. This would suggest that Merit Medical Systems's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

Merit Medical Systems overview

Merit Medical Systems, Inc. manufactures and markets disposable medical devices for interventional, diagnostic, and therapeutic procedures in cardiology, radiology, oncology, critical care, and endoscopy. The company operates in two segments, Cardiovascular and Endoscopy. It provides peripheral intervention products for the diagnosis and treatment of diseases in peripheral vessels and organs; and cardiac intervention products, such as access, angiography, hemostasis, intervention, fluid management, electrophysiology and cardiac rhythm management, and hemodynamic monitoring to treat various heart conditions. The company also offers custom procedural solutions that include critical care products, disinfection protection systems, syringes, swab and collection systems, manifold kits, and trays and packs; coated tubes and wires; and sensor components for microelectromechanical systems. In addition, it provides pulmonary products that consist of laser-cut tracheobronchial stents, advanced over-the-wire and direct visualization delivery systems, and dilation balloons; gastroenterology products; and kits and accessories for endoscopy and bronchoscopy procedures. The company sells its products to hospitals and alternate site-based physicians, technicians, and nurses through direct sales force, distributors, original equipment manufacturer partners, or custom procedure tray manufacturers in the United States and internationally. The company was incorporated in 1987 and is headquartered in South Jordan, Utah.

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