Medx Health: Top 10 Undervalued Medical Devices & Instruments Industry Stocks (MDX)
Medx Health is now ranked among the top 10 undervalued stocks in the Medical Devices & Instruments industry on the Toronto Stock Exchange or 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).
Medical Devices & Instruments: Companies that develop, manufacture, and market medical and surgical equipment and machinery, including orthopedic products, respiratory care equipment, x-ray equipment, laser systems, implants, pacemakers, and other major medical machines and apparatus. 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 |
|---|---|---|---|---|---|---|---|---|
| MDX-X | Medx Health | 0.03 | 0.06 | 0.03 (92.31) | 112,755 | 5.5 | 0 | 0 |
| TMD-T | Titan Medical | 0.61 | 0.71 | 0.1 (17.18) | 2,478 | 67.9 | 0 | 0 |
| ATE-T | Antibe Therapeutics | 0.53 | 0.74 | 0.21 (40.11) | 18,691 | 27.6 | 0 | 0 |
| QIPT-X | Quipt Home Medical | 5.96 | 6.59 | 0.63 (10.51) | 23,094 | 225.7 | 0 | 118.3 |
| TEST-X | FluroTech | 0.01 | 0.01 | 0 (9.25) | 51,518 | 1.2 | 0 | 0 |
| ASG-X | Aurora Spine | 0.54 | 0.61 | 0.07 (12.4) | 16,668 | 36 | 0 | 0 |
| PINK-X | Perimeter Medical Imaging | 1.42 | 3.16 | 1.74 (122.73) | 54,996 | 89.1 | 0 | 0 |
| THRM-X | Therma Bright | 0.07 | 0.13 | 0.06 (87.86) | 149,687 | 16.5 | 0 | 0 |
| PRN-T | Profound Medical | 5.51 | 5.51 | 0 (0.07) | 19,655 | 114.6 | 0 | 0 |
| NVCN-T | Neovasc | 8.81 | 10.21 | 1.4 (15.89) | 149 | 24.1 | 0 | 0 |
More about Medx Health
All data provided as-at market close October 27, 2022. The list is sorted by stocks with the greatest percentage difference between valuation and price. Medx Health Medx Health Corp is a Canada based company engaged in the development, manufacturing and marketing of skin related screening tools and phototherapy devices. The tools and devices are used for pain relief and tissue repair. Medx Health is listed under MDX 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) and Analyst Consensus
Artificial intelligence at Report on Business
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.
