NeurAxis (NASDAQ:NRXS – Get Free Report) is one of 72 publicly-traded companies in the “Electromedical equipment” industry, but how does it contrast to its competitors? We will compare NeurAxis to similar companies based on the strength of its analyst recommendations, institutional ownership, dividends, risk, earnings, valuation and profitability.
Earnings and Valuation
This table compares NeurAxis and its competitors revenue, earnings per share and valuation.
Gross Revenue | Net Income | Price/Earnings Ratio | |
NeurAxis | $2.46 million | -$14.63 million | -0.71 |
NeurAxis Competitors | $942.76 million | $78.35 million | 2.85 |
NeurAxis’ competitors have higher revenue and earnings than NeurAxis. NeurAxis is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.
Profitability
Net Margins | Return on Equity | Return on Assets | |
NeurAxis | -594.55% | N/A | -899.27% |
NeurAxis Competitors | -320.97% | -39.72% | -22.45% |
Analyst Ratings
This is a breakdown of current recommendations and price targets for NeurAxis and its competitors, as provided by MarketBeat.
Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
NeurAxis | 0 | 0 | 1 | 0 | 3.00 |
NeurAxis Competitors | 220 | 661 | 1890 | 98 | 2.65 |
As a group, “Electromedical equipment” companies have a potential upside of 34.92%. Given NeurAxis’ competitors higher possible upside, analysts plainly believe NeurAxis has less favorable growth aspects than its competitors.
Institutional & Insider Ownership
11.8% of NeurAxis shares are held by institutional investors. Comparatively, 45.6% of shares of all “Electromedical equipment” companies are held by institutional investors. 15.5% of shares of all “Electromedical equipment” companies are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.
Summary
NeurAxis competitors beat NeurAxis on 9 of the 12 factors compared.
About NeurAxis
NeurAxis, Inc., a medical technology company, focuses on developing neuromodulation therapies to address chronic and debilitating conditions in children and adults in the United States. It offers IB-Stim, a percutaneous electrical nerve field stimulation system intended to be used in patients 11-18 years of age with functional abdominal pain associated with irritable bowel syndrome. The company sells its products to healthcare companies, including hospitals and clinics. The company was formerly known as Innovative Health Solutions, Inc. and changed its name to NeurAxis, Inc. in March 2022. The company was founded in 2011 and is headquartered in Carmel, Indiana.
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