A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. Until today this year the stock’s price performance recorded an increase of 29.88%. However, over the last six months, the performance has been weaker by 28.10%. The price of MMSI increased 2.11% over the last 30 days. And in the last five days, it has surged by 2.91%.
Merit Medical Systems, Inc’s stock market performance has been consistent. The 1-year high for the company’s stock was recorded at $101.60 on 09/23/24, with the lowest value being $65.46 on 12/06/23.
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52-week price history of MMSI Stock
The history of a stock’s 52-week high and low prices can provide important information about its current state and future potential. Merit Medical Systems, Inc’s current trading price is -2.89% away from its 52-week high, while its distance from the 52-week low is 50.73%. The stock’s price range for this period has been between $65.46 and $101.60. The Healthcare sector company’s shares saw a trading volume of about 0.92 million for the day, which was higher than the average daily volume of 0.42 million over the last three months.
The Connection Between Financial Performance and Market Capitalization
Merit Medical Systems, Inc (MMSI) has experienced a quarterly rise of 11.18% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 5.74B and boasts a workforce of 6950 employees.
How Moving Averages and Trading Volume Data Work Together
Based on Barchart.com data, the company’s moving average over the 100-day period was 91.32, with a change in price of +16.44. Similarly, Merit Medical Systems, Inc recorded 429,361 in trading volume during the last 100 days, posting a change of +20.00%.
MMSI’s Debt-to-Equity Ratio: A Comprehensive Review
A key metric for assessing a company’s financial well-being and market status is the debt-to-equity (D/E) ratio. This ratio is derived by dividing a company’s total liabilities by its shareholders’ equity, and it demonstrates the level of debt a company uses to support its assets relative to shareholder equity. At the time of writing, the total D/E ratio for MMSI stands at 0.68. Similarly, the long-term debt-to-equity ratio is also 0.67.
MMSI Stock Stochastic Average
As of today, the raw stochastic average of Merit Medical Systems, Inc over the past 50 days is 69.64%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 74.25%. Additionally, the Stochastic %K and %D values for the company were 53.01% and 44.62%, respectively, over the past 20 days.
