MMSI

Merit Medical Systems, Inc.
NasdaqGSUSDEQUITY Healthcare DELAYED
Last price
84.96
▼ 2.18 (2.50%)
MARKET · —

Price

1D — H — L — Range — Vol —
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
87.00
Prev close
87.14
Day high
88.90
Day low
84.22
Volume
587.66K
Market cap
$5.07B
P/E (TTM)
35.85
52W range
59.74 – 94.75

Day trading desk

Current session · delayed
Gap from prior close
-0.16%
Prior close 87.14
VWAP
85.00
-0.05% from price
Relative volume
1.20×
Normal
Session range
10.31%
84.22 – 92.90
Position in range
9%
Near session low
ATR (14D)
1.96
2.31% of price
Prior day high
87.57
PDH
Prior day low
84.74
PDL
Bid / ask spread
—
Quote not published
Session volume
955.52K
Avg 798.36K

VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.

Trailing performance

Price return · vs SPY
Returnvs SPY
1W
-3.31% -5.3%
1M
-5.18% -6.3%
3M
+19.56% +15.0%
6M
+26.05% +7.9%
YTD
-3.61% -17.9%
1Y
+0.89% -15.5%
3Y
+23.09% -59.2%
5Y
— —

Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.

Unusual options activity

Account required
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
Free account required

Contracts trading at or above their open interest, ranked by notional and where the print landed.

Free account

5 more panels on MMSI open with an account.

Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.

Insider net activity

6m · Form 4 rollup
Net shares
+38.88K
Net buying
Buy transactions
19
72.83K shares
Sell transactions
3
33.95K shares
Net transactions
+22
Buys less sells
Sell : buy shares
0.5 : 1
Mixed
Insider-held shares
1.46M
Total on file
Bought 72.83KSold 33.95K

Insider transactions

Account required
DateInsiderAction SharesValueHeld
Sep 4, 26
LEWIS SHERI
Officer
STOCK 8.37K $0 Direct
Aug 24, 26
VOIGT MICHEL JAMES
Officer
STOCK 650 $0 Direct
Aug 24, 26
PETERSON NEIL W
Chief Operating Officer
SELL 7.50K $678.36K Direct
Aug 4, 26
PETERSON NEIL W
Chief Operating Officer
SELL 21.45K $1.82M Direct
Jun 15, 26
VOIGT MICHEL JAMES
Officer
STOCK 65 $0 Direct
Jun 5, 26
LLOYD BRIAN G
Officer
STOCK 2.00K $0 Direct
May 20, 26
GUNDERSON THOMAS JAMES
Director
CONVERSION 21.25K $1.11M Direct
May 18, 26
WARD SCOTT RAYMOND
Director
STOCK 3.46K $0 Direct
May 18, 26
CARPENTER LONNY J
Director
STOCK 3.46K $0 Direct
May 18, 26
MILLNER F ANN
Director
STOCK 3.46K $0 Direct
May 18, 26
GUNDERSON THOMAS JAMES
Director
STOCK 3.46K $0 Direct
May 18, 26
KAISER LAURA S.
Director
STOCK 3.46K $0 Direct
May 18, 26
WARD LYNNE N.
Director
STOCK 3.46K $0 Direct
May 18, 26
MCDONNELL MICHAEL R
Director
STOCK 3.46K $0 Direct
What this is, and what it is not

These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.

A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.

This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.

Free account required

Officer and director trades in their own stock, straight from Form 4 filings.

Insider holders

10 reporting
NameRelationShares heldLatest
ARONSON MARTHA GOLDBERG
Chief Executive Officer 49.79K Purchase
CARPENTER LONNY J
Director 20.82K Stock Award(Grant)
GUNDERSON THOMAS JAMES
Director 60.74K Conversion of Exercise of derivative security
LAMPROPOULOS FRED P
Officer and Director 1.13M Sale
LLOYD BRIAN G
Officer 62.13K Stock Gift
MILLNER F ANN
Director 38.00K Stock Award(Grant)
PARRA RAUL JR.
Chief Financial Officer 61.54K Purchase
PETERSON NEIL W
Chief Operating Officer 18.05K Sale
SMITH CHRISTIAN ADAM
Officer — Purchase
VOIGT MICHEL JAMES
Officer 47.68K Stock Gift

Fundamentals

TTM · reported
Market cap$5.07B
Enterprise value$5.44B
Revenue (TTM)$1.58B
Gross profit$781.73M
EBITDA$338.94M
Net income$145.56M
EPS (TTM)$2.37
Free cash flow$173.90M
Total cash$448.70M
Total debt$820.12M
Book value / share$28.13
Shares outstanding59.71M
Float58.30M
Short % of float8.91%
Dividend yield0.00%
Beta (5Y)0.51

Valuation & profitability ratios

Account required
Trailing P/E35.85
Forward P/E18.42
PEG ratio1.58
Price / sales—
Price / book3.02
EV / revenue3.45
EV / EBITDA16.06
Gross margin49.51%
Operating margin14.46%
Profit margin9.22%
Return on equity9.19%
Return on assets4.92%
Debt / equity48.82
Current ratio4.20
Free account required

Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.

Financial statements

As reported · 5 years · 5 quarters
Blank means not reported, not zero
Line item2025202420232022YoY
Total revenue $1.52B$1.36B$1.26B$1.15B +11.8%
Operating revenue $1.52B$1.36B$1.26B$1.15B +11.8%
Cost of revenue $777.64M$713.18M$673.49M$631.88M +9.0%
Gross profit $738.27M$643.33M$583.87M$519.10M +14.8%
Research & development $97.35M$87.47M$82.73M$75.51M +11.3%
Selling, general & admin $455.21M$399.73M$373.68M$342.52M +13.9%
Total operating expense $552.57M$487.20M$456.40M$418.04M +13.4%
Operating income $185.70M$156.14M$127.47M$101.06M +18.9%
Net interest income -$11.39M-$4.99M-$13.05M-$5.90M -128.3%
Pre-tax income $170.94M$149.99M$112.09M$82.63M +14.0%
Tax provision $42.45M$29.64M$17.68M$8.11M +43.2%
Net income $128.49M$120.36M$94.41M$74.52M +6.8%
Net income to common $128.49M$120.36M$94.41M$74.52M +6.8%
Basic EPS 2.172.071.641.31 +4.8%
Diluted EPS 2.132.031.621.29 +4.9%
EBIT $197.40M$181.21M$127.60M$88.97M +8.9%
EBITDA $332.05M$295.94M$228.89M$181.17M +12.2%
Basic shares 59.16M58.22M57.59M56.81M +1.6%
Diluted shares 60.46M59.37M58.36M57.67M +1.8%

Options analytics

Account required
Put / call volume
0.06
Call-heavy session
Put / call open interest
0.14
Positioning, not flow
Max pain
75.00
-11.7% from spot
ATM implied vol
78.5%
Nearest strike to spot
Skew (10% OTM)
+24.8%
Puts bid over calls
Call volume
288
Contracts, this expiry
Put volume
17
Contracts, this expiry
Heaviest call OI
90.00
246 contracts
Heaviest put OI
60.00
20 contracts

Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.

Free account required

Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.

Earnings

History & consensus estimates
Reported vs expected · EPS
QuarterEst.ActualSurprise
Jun 2026 0.961.19 +24.0%
Mar 2026 0.830.94 +12.8%
Dec 2025 0.951.04 +9.0%
Sep 2025 0.830.92 +11.2%
Forward consensus
PeriodEPSAnalystsRevenueGrowth
Current quarter 1.03 10 $410.38M +6.8%
Next quarter 1.14 10 $425.02M +7.9%
Current year 4.30 10 $1.64B +8.0%
Next year 4.61 10 $1.74B +6.1%

Analyst targets & ownership

Account required
Mean target$101.45
High target$123.00
Low target$83.00
Implied upside19.41%
Analyst count11
ConsensusBUY
Strong buy / Buy5 / 4
Hold2
Sell / Strong sell0 / 0
Held by insiders2.45%
Held by institutions107.56%
Institutions holding547
Free account required

Price targets, consensus spread, insider and institutional ownership.

Moving averages & technicals

Computed from 2Y daily closes
SMA 10
86.66
-1.96% from price
SMA 20
86.48
-1.76% from price
SMA 50
87.73
-3.16% from price
SMA 100
77.93
+9.01% from price
SMA 200
76.72
+10.74% from price
EMA 12
86.45
-1.72% from price
EMA 26
86.71
-2.01% from price
EMA 50
85.10
-0.16% from price
RSI (14)
42.4
Neutral
MACD (12,26,9)
-0.26
Hist -0.21
ATR (14)
1.96
2.31% of price
Realised vol 30D
17.6%
Annualised
Bollinger upper
88.10
20, 2σ
Bollinger lower
84.86
20, 2σ
50 / 200 cross
Golden
87.73 vs 76.72
Trend bias
Above 200
+10.74%

Options chain

Account required
Expiry
Spot 84.96
Calls
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Puts
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Free account required

Every listed expiry, both sides of the book, with volume, open interest and implied volatility.

Risk profile

Daily returns · 1Y window
Beta vs SPY
0.43
Less volatile than market
Correlation to SPY
0.19
Largely independent
Realised vol 30D
17.6%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-35.3%
Peak to trough
Max drawdown 5Y
-45.3%
Peak to trough
ATR 14
1.96
2.31% of price
Beta (reported)
0.51
5Y monthly, from filing

Short interest

Semi-monthly exchange report · lags by ~2 weeks
Shares short
3.93M
Prior 3.45M
Change vs prior
+13.9%
Shorts adding
% of float
8.91%
Normal
% of shares out
6.59%
Against total outstanding
Days to cover
6.2
Crowded exit
Float
58.30M
Freely tradeable shares

Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.

Rating changes

194 on file
DateFirm ActionFromTo
Sep 29, 26 Needham MAINTAINED Buy Buy
Aug 13, 26 B of A Securities MAINTAINED Neutral Neutral
Aug 11, 26 BTIG MAINTAINED Buy Buy
Aug 3, 26 Canaccord Genuity MAINTAINED Buy Buy
Jul 31, 26 JP Morgan MAINTAINED Overweight Overweight
Jul 31, 26 Piper Sandler MAINTAINED Overweight Overweight
Jul 31, 26 Wells Fargo MAINTAINED Equal-Weight Equal-Weight
Jul 31, 26 Needham MAINTAINED Buy Buy
Jul 31, 26 BTIG MAINTAINED Buy Buy
May 1, 26 Canaccord Genuity MAINTAINED Buy Buy
May 1, 26 JP Morgan MAINTAINED Overweight Overweight
May 1, 26 Wells Fargo MAINTAINED Equal-Weight Equal-Weight

Dividends & splits

Declared · from the issuer
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay date—
Last split5:4
Split dateMay 6, 2011

PRIVATE STRATEGY · BY QUALIFICATION

The same data. A different seat.

The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.