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 decreasing.
- The decline rate of the primary trend is 21.01% per annum.
- MMSI price at the close of September 12, 2025 was $85.53 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 80.47% per annum.
- MMSI price at the close of September 12, 2025 was lower than the bottom border of the secondary price channel by $2.12 (2.42%). This indicates a possible reversal in the secondary trend direction.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
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: November 6, 2024
End date: September 12, 2025
a = 5.6488
b = -0.0006
s = 0.0449
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0006) – 1
= -21.01%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0449) – 1
= 19.68%
November 6, 2024 calculations
Top border of price channel:
Exp(Y1,043)
= Exp(a + b × X1,043 + 2 × s)
= Exp(a + b × 1,513 + 2 × s)
= Exp(5.6488 + -0.0006 × 1,513 + 2 × 0.0449)
= Exp(4.7612)
= $116.88
Bottom border of price channel:
Exp(Y1,043)
= Exp(a + b × X1,043 – 2 × s)
= Exp(a + b × 1,513 – 2 × s)
= Exp(5.6488 + -0.0006 × 1,513 – 2 × 0.0449)
= Exp(4.5815)
= $97.66
September 12, 2025 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(5.6488 + -0.0006 × 1,823 + 2 × 0.0449)
= Exp(4.5609)
= $95.67
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(5.6488 + -0.0006 × 1,823 – 2 × 0.0449)
= Exp(4.3812)
= $79.94
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 21.01% per annum.
- MMSI price at the close of September 12, 2025 was $85.53 and was inside the primary price channel.
Secondary Trend
Start date: July 16, 2025
End date: September 12, 2025
a = 1.5607
b = 0.0016
s = 0.0181
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0016) – 1
= 80.47%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0181) – 1
= 7.52%
July 16, 2025 calculations
Top border of price channel:
Exp(Y1,213)
= Exp(a + b × X1,213 + 2 × s)
= Exp(a + b × 1,765 + 2 × s)
= Exp(1.5607 + 0.0016 × 1,765 + 2 × 0.0181)
= Exp(4.4520)
= $85.80
Bottom border of price channel:
Exp(Y1,213)
= Exp(a + b × X1,213 – 2 × s)
= Exp(a + b × 1,765 – 2 × s)
= Exp(1.5607 + 0.0016 × 1,765 – 2 × 0.0181)
= Exp(4.3795)
= $79.80
September 12, 2025 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(1.5607 + 0.0016 × 1,823 + 2 × 0.0181)
= Exp(4.5458)
= $94.24
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(1.5607 + 0.0016 × 1,823 – 2 × 0.0181)
= Exp(4.4734)
= $87.65
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 80.47% per annum.
- MMSI price at the close of September 12, 2025 was lower than the bottom border of the secondary price channel by $2.12 (2.42%). This indicates a possible reversal in the secondary trend direction.