Co-Diagnostics (NASDAQ:CODX – Get Free Report) and Inspire Medical Systems (NYSE:INSP – Get Free Report) are both medical companies, but which is the superior stock? We will compare the two businesses based on the strength of their profitability, institutional ownership, risk, valuation, analyst recommendations, dividends and earnings.
Profitability
This table compares Co-Diagnostics and Inspire Medical Systems’ net margins, return on equity and return on assets.
Net Margins | Return on Equity | Return on Assets | |
Co-Diagnostics | -518.69% | -35.37% | -32.58% |
Inspire Medical Systems | -3.39% | -3.93% | -3.38% |
Valuation & Earnings
This table compares Co-Diagnostics and Inspire Medical Systems’ gross revenue, earnings per share (EPS) and valuation.
Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
Co-Diagnostics | $6.81 million | 5.37 | -$35.33 million | ($1.21) | -0.97 |
Inspire Medical Systems | $624.80 million | 10.75 | -$21.15 million | ($0.74) | -299.50 |
Institutional & Insider Ownership
15.0% of Co-Diagnostics shares are owned by institutional investors. Comparatively, 94.9% of Inspire Medical Systems shares are owned by institutional investors. 2.4% of Co-Diagnostics shares are owned by insiders. Comparatively, 4.1% of Inspire Medical Systems shares are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.
Analyst Recommendations
This is a breakdown of recent recommendations for Co-Diagnostics and Inspire Medical Systems, as reported by MarketBeat.
Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
Co-Diagnostics | 0 | 1 | 0 | 0 | 2.00 |
Inspire Medical Systems | 0 | 4 | 9 | 0 | 2.69 |
Co-Diagnostics currently has a consensus price target of $2.50, suggesting a potential upside of 113.68%. Inspire Medical Systems has a consensus price target of $271.29, suggesting a potential upside of 22.40%. Given Co-Diagnostics’ higher possible upside, equities research analysts clearly believe Co-Diagnostics is more favorable than Inspire Medical Systems.
Volatility and Risk
Co-Diagnostics has a beta of -0.68, indicating that its share price is 168% less volatile than the S&P 500. Comparatively, Inspire Medical Systems has a beta of 1.37, indicating that its share price is 37% more volatile than the S&P 500.
Summary
Inspire Medical Systems beats Co-Diagnostics on 12 of the 14 factors compared between the two stocks.
About Co-Diagnostics
Co-Diagnostics, Inc., a molecular diagnostics company, develops, manufactures, and sells reagents used for diagnostic tests that function through the detection and/or analysis of nucleic acid molecules in the United States and internationally. It offers polymerase chain reaction (PCR) diagnostic tests for COVID-19, influenza, tuberculosis, hepatitis B and C, human papillomavirus, malaria, chikungunya, dengue, and the zika virus; three multiplexed tests to test mosquitos for the identification of diseases carried by the mosquitos; and molecular tools for detection of infectious diseases, liquid biopsy for cancer screening, and agricultural applications. The company also provides tests that identify genetic traits in plant and animal genomes; and portable PCR device designed to bring PCR to patients in point-of-care and at-home settings. In addition, it intends to sell diagnostic equipment from other manufacturers as self-contained lab systems. The company was incorporated in 2013 and is headquartered in Salt Lake City, Utah.
About Inspire Medical Systems
Inspire Medical Systems, Inc., a medical technology company, focuses on the development and commercialization of minimally invasive solutions for patients with obstructive sleep apnea (OSA) in the United States and internationally. The company offers Inspire system, a neurostimulation technology that provides a safe and effective treatment for moderate to severe OSA. It also develops a novel, closed-loop solution that continuously monitors a patient's breathing and delivers mild hypoglossal nerve stimulation to maintain an open airway. The company was incorporated in 2007 and is headquartered in Golden Valley, Minnesota.
Receive News & Ratings for Co-Diagnostics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Co-Diagnostics and related companies with MarketBeat.com's FREE daily email newsletter.