Merit Medical Systems Inc (MMSI)
Merit Medical Systems, Inc. manufactures and markets disposable medical devices for interventional, diagnostic, and therapeutic procedures in cardiology, radiology, oncology, intensive care, and endoscopy. The company is headquartered in South Jordan, Utah.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 39.97% per annum.
- MMSI price at the close of March 31, 2025 was $105.71 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 14.70% per annum.
- MMSI price at the close of March 31, 2025 was inside the secondary price channel.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of MMSI price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: August 14, 2023
End date: February 25, 2025
a = 3.0289
b = 0.0009
s = 0.0453
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 39.97%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0453) – 1
= 19.85%
August 14, 2023 calculations
Top border of price channel:
Exp(Y847)
= Exp(a + b × X847 + 2 × s)
= Exp(a + b × 1,230 + 2 × s)
= Exp(3.0289 + 0.0009 × 1,230 + 2 × 0.0453)
= Exp(4.2526)
= $70.29
Bottom border of price channel:
Exp(Y847)
= Exp(a + b × X847 – 2 × s)
= Exp(a + b × 1,230 – 2 × s)
= Exp(3.0289 + 0.0009 × 1,230 – 2 × 0.0453)
= Exp(4.0715)
= $58.64
February 25, 2025 calculations
Top border of price channel:
Exp(Y1,231)
= Exp(a + b × X1,231 + 2 × s)
= Exp(a + b × 1,791 + 2 × s)
= Exp(3.0289 + 0.0009 × 1,791 + 2 × 0.0453)
= Exp(4.7694)
= $117.85
Bottom border of price channel:
Exp(Y1,231)
= Exp(a + b × X1,231 – 2 × s)
= Exp(a + b × 1,791 – 2 × s)
= Exp(3.0289 + 0.0009 × 1,791 – 2 × 0.0453)
= Exp(4.5883)
= $98.33
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 39.97% per annum.
- MMSI price at the close of March 31, 2025 was $105.71 and was inside the primary price channel.
Secondary Trend
Start date: August 27, 2024
End date: March 31, 2025
a = 3.9667
b = 0.0004
s = 0.0357
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0004) – 1
= 14.70%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0357) – 1
= 15.36%
August 27, 2024 calculations
Top border of price channel:
Exp(Y1,108)
= Exp(a + b × X1,108 + 2 × s)
= Exp(a + b × 1,609 + 2 × s)
= Exp(3.9667 + 0.0004 × 1,609 + 2 × 0.0357)
= Exp(4.6427)
= $103.83
Bottom border of price channel:
Exp(Y1,108)
= Exp(a + b × X1,108 – 2 × s)
= Exp(a + b × 1,609 – 2 × s)
= Exp(3.9667 + 0.0004 × 1,609 – 2 × 0.0357)
= Exp(4.4999)
= $90.01
March 31, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(3.9667 + 0.0004 × 1,825 + 2 × 0.0357)
= Exp(4.7239)
= $112.61
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(3.9667 + 0.0004 × 1,825 – 2 × 0.0357)
= Exp(4.5810)
= $97.62
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 14.70% per annum.
- MMSI price at the close of March 31, 2025 was inside the secondary price channel.