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 8.82% per annum.
- MMSI price at the close of July 26, 2024 was $85.52 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 79.41% per annum.
- MMSI price at the close of July 26, 2024 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: November 20, 2020
End date: June 27, 2024
a = 3.9379
b = 0.0002
s = 0.0910
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0002) – 1
= 8.82%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0910) – 1
= 43.89%
November 20, 2020 calculations
Top border of price channel:
Exp(Y334)
= Exp(a + b × X334 + 2 × s)
= Exp(a + b × 480 + 2 × s)
= Exp(3.9379 + 0.0002 × 480 + 2 × 0.0910)
= Exp(4.2311)
= $68.79
Bottom border of price channel:
Exp(Y334)
= Exp(a + b × X334 – 2 × s)
= Exp(a + b × 480 – 2 × s)
= Exp(3.9379 + 0.0002 × 480 – 2 × 0.0910)
= Exp(3.8672)
= $47.81
June 27, 2024 calculations
Top border of price channel:
Exp(Y1,237)
= Exp(a + b × X1,237 + 2 × s)
= Exp(a + b × 1,795 + 2 × s)
= Exp(3.9379 + 0.0002 × 1,795 + 2 × 0.0910)
= Exp(4.5357)
= $93.29
Bottom border of price channel:
Exp(Y1,237)
= Exp(a + b × X1,237 – 2 × s)
= Exp(a + b × 1,795 – 2 × s)
= Exp(3.9379 + 0.0002 × 1,795 – 2 × 0.0910)
= Exp(4.1719)
= $64.84
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 8.82% per annum.
- MMSI price at the close of July 26, 2024 was $85.52 and was inside the primary price channel.
Secondary Trend
Start date: March 13, 2024
End date: July 24, 2024
a = 1.5605
b = 0.0016
s = 0.0248
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0016) – 1
= 79.41%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0248) – 1
= 10.43%
March 13, 2024 calculations
Top border of price channel:
Exp(Y1,164)
= Exp(a + b × X1,164 + 2 × s)
= Exp(a + b × 1,689 + 2 × s)
= Exp(1.5605 + 0.0016 × 1,689 + 2 × 0.0248)
= Exp(4.3148)
= $74.80
Bottom border of price channel:
Exp(Y1,164)
= Exp(a + b × X1,164 – 2 × s)
= Exp(a + b × 1,689 – 2 × s)
= Exp(1.5605 + 0.0016 × 1,689 – 2 × 0.0248)
= Exp(4.2156)
= $67.74
July 24, 2024 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,822 + 2 × s)
= Exp(1.5605 + 0.0016 × 1,822 + 2 × 0.0248)
= Exp(4.5278)
= $92.55
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,822 – 2 × s)
= Exp(1.5605 + 0.0016 × 1,822 – 2 × 0.0248)
= Exp(4.4286)
= $83.81
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 79.41% per annum.
- MMSI price at the close of July 26, 2024 was inside the secondary price channel.