Here's Why Merit Medical (MMSI) is a Strong Momentum Stock
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Is This 1 Momentum Stock a Screaming Buy Right Now?
For momentum investors, upward or downward trends in a stock's price or earnings outlook take precedent, so they'll want to zero in on the Momentum Style Score. This Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
Merit Medical (MMSI)
South Jordan, UT-headquartered Merit Medical Systems, Inc. provides various peripheral and cardiac intervention products to cure cardiac conditions specific to interventional cardiology and electrophysiology.
MMSI boasts a Momentum Style Score of A and VGM Score of B, and holds a Zacks Rank #2 (Buy) rating. Shares of Merit Medical has seen some interesting price action recently; the stock is down 2.5% over the past one week and up 3.4% over the past four weeks. And in the last one-year period, MMSI has gained 10.7%. As for the stock's trading volume, 711,641.94 shares on average were traded over the last 20 days.
Momentum investors also pay close attention to a company's earnings. For MMSI, two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.01 to $2.97 per share for 2023. MMSI boasts an average earnings surprise of 14.4%.
Investors should take the time to consider MMSI for their portfolios due to its solid Zacks Ranks, notable earnings metrics, and impressive Momentum and VGM Style Scores.
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Merit Medical Systems, Inc. (MMSI) : Free Stock Analysis Report
