How to Buy Merit Medical Systems Stock
Merit Medical Systems Inc
Merit Medical Systems, Inc. designs, develops, manufactures, and markets single-use medical products for interventional, diagnostic, and therapeutic procedures, primarily in cardiology, radiology, oncology, critical care, and endoscopy.
Merit Medical Systems stock last closed at $73.78, up 0.55% from the previous day, and has decreased 5.01% in one year. It has overperformed other stocks in the Medical Instruments & Supplies industry by 0.07 percentage points. Merit Medical Systems stock is currently +17.9% from its 52-week low of $62.58, and -13.83% from its 52-week high of $85.62.
As of Apr 26, 2024, there are 57.93M shares of MMSI outstanding. The market capitalization of MMSI is $4.27B. In the last 24 hours, 283,441 MMSI shares were traded.
How to Buy Merit Medical Systems Stock
Wondering how to invest in Merit Medical Systems stock? Here's how.
- Decide where to buy Merit Medical Systems stock: You need to decide on a stock brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you figure out where to buy Merit Medical Systems stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit funds into your investment account: Select your method of payment and add your information.
- Analyze Merit Medical Systems stock: The Merit Medical Systems ticker symbol is MMSI. Is Merit Medical Systems stock a good investment? Should you buy shares of MMSI? How do MMSI's underlying business fundamentals look? Do top analysts think Merit Medical Systems is a good buy? Why has MMSI's stock price moved recently? (Hint: Our stock market research website can help you understand if MMSI is a good stock to buy).
- Make your MMSI trade: Decide if you will purchase MMSI shares at the current market price or use a limit order to buy MMSI stock at a specific price.
- Get the latest news on your MMSI investment: Create a watchlist to important notifications about your investment in Merit Medical Systems shares.
Step 1: Decide where to buy Merit Medical Systems stock
You need an online brokerage account in order to access the NASDAQ market and buy MMSI shares.
Our recommended brokerage: eToro
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Open eToro AccountStep 2: Open a brokerage account
Now that you've picked your brokerage, it's time to fill out some personal info so you are able to invest in MMSI stock today.
How to Start a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to start a new trading account.
- Submit your details by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you've opened your account on our top ranked stock trading app, you need to deposit funds:
Check out the walkthrough below for more details transferring funds into your new brokerage account.
Step 4: Analyze Merit Medical Systems stock
After you have selected the best place to buy Merit Medical Systems stock, it's very important to analyze their stock before you invest, so you truly comprehend the risk as well as the upside.
Merit Medical Systems quick stats
Merit Medical Systems Due Diligence Checks
WallStreetZen was created to help average investors do more in-depth fundamental analysis.
You can view all of the due diligence checks on MMSI's stock page.
Is MMSI stock overvalued?
You can use many financial metrics, analyses, models, and charts to gauge MMSI's intrinsic value.
Using relative valuations metrics:
- MMSI may be undervalued based on its P/E ratio of 44.99x, relative to Medical Instruments & Supplies industry P/E ratio of 48.29x
- MMSI may be overvalued based on its P/B ratio of 3.56x, relative to Medical Instruments & Supplies industry P/B ratio of 3.53x
- MMSI may be undervalued based on its PEG ratio of 0.74x
You can access additional valuation research on MMSI's stock here.
MMSI Financial Summary
Pros:
- There are more short-term assets than short-term liabilities on the MMSI balance sheet.
- There are more short-term assets than long-term liabilities on the MMSI balance sheet.
- MMSI earnings of $127.60M is not sufficient to cover its interest payments.
- MMSI profit margin has gone up from 6.5% to 7.5% in the past year.
Cons:
- MMSI's operating cash flow of $145.15M allows it to safely service it's debt of $891.36M.
- MMSI has a relatively high debt to equity ratio of 0.93.
- Total MMSI debt is higher than 5 years ago, relative to shareholder equity.
Is it a good time to buy Merit Medical Systems stock, according to analysts?
Out of 8 Equities analysts who give ratings on MMSI, the consensus analyst rating on MMSI is a Buy
It's important to keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
Latest MMSI Analyst Ratings
Craig Bijou, a top 5% analyst from Bank of America initiates coverage on MMSI with a hold rating and announces their MMSI price target of $87.00, on Feb 7, 2024.
Jayson Bedford, a top 17% analyst from Raymond James maintains MMSI with a buy rating and raises their MMSI price target from $84.00 to $89.00, on Jan 30, 2024.
Jason Bednar, a bottom 6% analyst from Piper Sandler maintains MMSI with a strong buy rating and raises their MMSI price target from $88.00 to $95.00, on Jan 12, 2024.
You can dig deeper into what analysts are projecting on the Merit Medical Systems stock forecast page.
MMSI Technicals
MMSI Growth Metrics
Last year, MMSI earnings were $94.41M. In the last five year, MMSI's earnings have increased by 15.44% per year. This was slower than the Medical Instruments & Supplies industry average of 16.9%.
Last year, MMSI revenue was $1.26B. Over the past 5 year, MMSI's revenue has gone up by 7.33% per year. This was slower than the Medical Instruments & Supplies industry average of 9.46%.
You can analyze MMSI's earnings and revenue performance here.
What are MMSI executives and large shareholders up to?
In the last year, executives and large shareholders at MMSI have bought more shares than they have sold.
Raul Parra Jr., CFO AND TREASURER of MMSI, was the latest MMSI insider to sell. They sold $456,751.68 worth of MMSI shares on Mar 12, 2024.
Get more info about who owns MMSI stock here.
Can I get consistent income from MMSI stock?
No, Merit Medical Systems doesn't provide an income stream by paying out dividends.
What others are saying about MMSI
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
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Step 5: Make your MMSI trade
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are generally the easiest way to buy. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a particular dollar amount, place a limit order.
Press the Open Trade button and eToro will place the order.
If you want additional info about investing in stocks on eToro, watch the helpful video below:
Step 6: Get the latest news on your MMSI investment
Now that you own some shares in MMSI, you'll want to stay up-to-date on your stock purchase.
Make a watchlist to see the latest developments about your MMSI stock.
MMSI Feed
How to Buy Stock in Merit Medical Systems
To reiterate, here are the 6 steps you need to take to buy Merit Medical Systems stock right now:
- Decide where to buy Merit Medical Systems stock
- Open a brokerage account
- Deposit funds into your investment account
- Analyze Merit Medical Systems stock
- Make your MMSI trade
- Get the latest news on your MMSI investment
If you require a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to get the latest scoop on your investment in Merit Medical Systems, click below.
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