Merit Medical: To Unlock Further Risk Capital In FY 2023 [Seeking Alpha]
Merit Medical Systems, Inc. (MMSI)
Last merit medical systems, inc. earnings: 4/23 04:01 pm
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US:NASDAQ Investor Relations:
merit.com/investors
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Source: Seeking Alpha
naphtalina/iStock via Getty ImagesInvestment SummaryThe investment prospects of Merit Medical Systems (NASDAQ:MMSIQ1 FY'23 numbers,now look to break the 50DMA and 200DMA's, as seen in Figure 1.Fig. 1Data: UpdataFurther, since the last MMSI publication, shares have rated another 22% to the upside, and broken out of a sideways congestion. There are fundamental reasons for this, when looking to the firm's latest numbers, combined with the historical evidence. A thoughtful analysis of MMSI's future suggests there's more risk capital it can unlock, potentially driving further valuation upsides. Net-net, I continue to rate MMSI a buy, citing profitability, earnings growth and capital budgeting as key reasons why. Based on the culmination of data presented in this report, I'd be looking to $110/share as my next price objective, 30% upside potential at the timeof writing.MMSI is a name covered extensively through my research in the past. I'd encourage you to observe the last 5 publications he
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MMSI
News
- Merit Medical Systems, Inc. (NASDAQ: MMSI) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Merit Medical (MMSI) Earnings Expected to Grow: Should You Buy? [Yahoo! Finance]Yahoo! Finance
- Smart Syringe Market Analysis Report 2024: Global Trends, Forecast and Competitive Analysis to 2030 Featuring Nipro, Terumo, Merit Medical Systems, Gerresheimer, BD & Co, Revolutions Medical [Yahoo! Finance]Yahoo! Finance
- Merit Medical Systems, Inc. (NASDAQ: MMSI) had its "outperform" rating re-affirmed by analysts at Barrington Research. They now have a $98.00 price target on the stock.MarketBeat
- Merit Medical Systems, Inc. (NASDAQ: MMSI) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
MMSI
Earnings
- 2/28/24 - Beat
MMSI
Sec Filings
- 4/2/24 - Form ARS/A
- 4/2/24 - Form ARS
- 4/2/24 - Form DEFA14A
- MMSI's page on the SEC website