Innovotech: Top 10 Undervalued Healthcare Sector Stocks on TSX-V (IOT)
Innovotech is now ranked among the top 10 undervalued stocks in the Healthcare sector on the TSX Venture Exchange.
- A stock is considered undervalued if it trades at a discount to its valuation – a calculation used to determine the intrinsic (true) worth of a company
- Valuation methodology provided by Stockcalc (see below)
Stocks in this category are held primarily for capital appreciation.
| Symbol | Name | Close Price ($) | Valuation ($) | Difference | Average Vol (30D) | Market Cap ($M) | Yield (%) | P/E Ratio |
|---|---|---|---|---|---|---|---|---|
| THNK | Think Research | 0.31 | 0.40 | 0.09 (27.6%) | 162596 | 24.2 | 0.0 | 0.0 |
| CDX | Cloud DX | 0.14 | 0.16 | 0.02 (17.5%) | 64096 | 12.5 | 0.0 | 0.0 |
| PTEC | Principal Technologies | 0.15 | 0.17 | 0.02 (12.4%) | 4.3 | 0.0 | 0.0 | |
| IBO | Universal Ibogaine | 0.02 | 0.02 | 0.00 (12.3%) | 32468 | 3.8 | 0.0 | 0.0 |
| GSD | Devonian Health Gr | 0.22 | 0.25 | 0.03 (11.5%) | 1626 | 32.2 | 0.0 | 0.0 |
| IOT | Innovotech | 0.13 | 0.14 | 0.01 (11.2%) | 2325 | 5.1 | 0.0 | 0.0 |
| MDCX | Medicus Pharma | 2.22 | 2.39 | 0.17 (7.7%) | 1999 | 35.9 | 0.0 | 0.0 |
| ARC | ARCpoint | 0.10 | 0.10 | 0.01 (6.4%) | 15778 | 8.5 | 0.0 | 0.0 |
| ASG | Aurora Spine | 0.28 | 0.30 | 0.01 (5.2%) | 15855 | 19.7 | 0.0 | 0.0 |
| LSL | LSL Pharma Group | 0.43 | 0.45 | 0.02 (4.6%) | 45530 | 35.4 | 0.0 | 0.0 |
All data provided as of April 15, 2024.
The list is sorted by stocks with the greatest percentage difference between valuation and price.
Innovotech
Innovotech Inc is a Canada-based company that provides solutions to client biofilm problems through its biofilm contract research department. The core activities of the company are sales of its products, conducting contract research for outside customers, and research and development to identify products for future commercialization.
Innovotech is listed under IOT on the TSX Venture Exchange.
Stockcalc
StockCalc is a Canadian fintech company specializing in fundamental valuations for North American stocks and ETFs.
Stockcalc valuations (https://www.stockcalc.com/Resources) can help determine if a stock is undervalued. Stockcalc’s Weighted Average Valuation (WAV) is based on a proprietary calculation using model and analyst inputs, including:
- Discounted Cash Flow (DCF)
- Price & Other Comparables
- Multiples
- Adjusted Book Value (ABV)
- Analyst Consensus
Artificial Intelligence at Report on Business
Report on Business scans market data using algorithms to process large quantities of information. The results are specialized reports produced through automation. Ongoing ROB project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities.
