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Co-Diagnostics (CODX) Competitors

Co-Diagnostics logo
$0.92 -0.01 (-1.41%)
(As of 11:51 AM ET)

CODX vs. FONR, EDAP, LNSR, VANI, NSPR, ECOR, HYPR, MLSS, MGRM, and APYX

Should you be buying Co-Diagnostics stock or one of its competitors? The main competitors of Co-Diagnostics include FONAR (FONR), Edap Tms (EDAP), LENSAR (LNSR), Vivani Medical (VANI), InspireMD (NSPR), electroCore (ECOR), Hyperfine (HYPR), Milestone Scientific (MLSS), Monogram Orthopaedics (MGRM), and Apyx Medical (APYX). These companies are all part of the "medical equipment" industry.

Co-Diagnostics vs.

FONAR (NASDAQ:FONR) and Co-Diagnostics (NASDAQ:CODX) are both small-cap medical companies, but which is the superior business? We will compare the two companies based on the strength of their profitability, media sentiment, dividends, community ranking, risk, analyst recommendations, institutional ownership, valuation and earnings.

FONAR has a net margin of 9.41% compared to Co-Diagnostics' net margin of -563.93%. FONAR's return on equity of 6.10% beat Co-Diagnostics' return on equity.

Company Net Margins Return on Equity Return on Assets
FONAR9.41% 6.10% 4.58%
Co-Diagnostics -563.93%-54.94%-49.28%

Co-Diagnostics received 93 more outperform votes than FONAR when rated by MarketBeat users. However, 74.69% of users gave FONAR an outperform vote while only 62.90% of users gave Co-Diagnostics an outperform vote.

CompanyUnderperformOutperform
FONAROutperform Votes
180
74.69%
Underperform Votes
61
25.31%
Co-DiagnosticsOutperform Votes
273
62.90%
Underperform Votes
161
37.10%

50.6% of FONAR shares are held by institutional investors. Comparatively, 15.0% of Co-Diagnostics shares are held by institutional investors. 2.2% of FONAR shares are held by insiders. Comparatively, 6.1% of Co-Diagnostics shares are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.

FONAR has a beta of 1.21, indicating that its share price is 21% more volatile than the S&P 500. Comparatively, Co-Diagnostics has a beta of -0.84, indicating that its share price is 184% less volatile than the S&P 500.

Co-Diagnostics has a consensus target price of $1.50, indicating a potential upside of 60.03%. Given Co-Diagnostics' stronger consensus rating and higher probable upside, analysts clearly believe Co-Diagnostics is more favorable than FONAR.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
FONAR
0 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
0.00
Co-Diagnostics
0 Sell rating(s)
1 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
2.00

FONAR has higher revenue and earnings than Co-Diagnostics. Co-Diagnostics is trading at a lower price-to-earnings ratio than FONAR, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
FONAR$102.88M0.99$10.57M$1.4011.48
Co-Diagnostics$7.32M4.09-$35.33M-$1.38-0.68

In the previous week, FONAR and FONAR both had 2 articles in the media. FONAR's average media sentiment score of 1.43 beat Co-Diagnostics' score of 0.44 indicating that FONAR is being referred to more favorably in the media.

Company Overall Sentiment
FONAR Positive
Co-Diagnostics Neutral

Summary

FONAR beats Co-Diagnostics on 11 of the 16 factors compared between the two stocks.

New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding {thisCompany.Symbol} and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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CODX vs. The Competition

MetricCo-DiagnosticsSurgical & medical instruments IndustryMedical SectorNASDAQ Exchange
Market Cap$29.93M$4.54B$5.23B$8.96B
Dividend YieldN/A43.03%5.24%4.05%
P/E Ratio-0.6814.9598.6914.63
Price / Sales4.0952.741,484.9296.07
Price / CashN/A55.4241.8238.51
Price / Book0.475.766.116.18
Net Income-$35.33M$13.60M$117.65M$224.75M
7 Day Performance0.78%2.64%2.86%1.98%
1 Month Performance-22.54%7.38%1.79%9.78%
1 Year Performance-27.34%46.32%35.89%29.97%

Co-Diagnostics Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
CODX
Co-Diagnostics
4.0354 of 5 stars
$0.92
-1.4%
$1.50
+62.3%
-27.3%$29.51M$6.81M-0.67100Short Interest ↑
FONR
FONAR
2.553 of 5 stars
$16.08
-2.4%
N/A-16.2%$101.79M$102.88M11.76480Short Interest ↓
Positive News
EDAP
Edap Tms
3.6127 of 5 stars
$2.38
-2.5%
$19.00
+698.3%
-51.6%$88.30M$65.42M-3.75307Positive News
LNSR
LENSAR
2.2957 of 5 stars
$7.48
-0.7%
$8.00
+7.0%
+194.9%$86.88M$48.87M-5.16110Positive News
VANI
Vivani Medical
3.6486 of 5 stars
$1.45
+0.3%
$3.00
+107.6%
+51.6%$85.60MN/A-3.2020Positive News
NSPR
InspireMD
2.3693 of 5 stars
$2.95
+0.3%
$4.50
+52.5%
+26.6%$76.95M$6.82M-3.8750
ECOR
electroCore
0.7266 of 5 stars
$11.21
-8.1%
N/A+93.0%$73.43M$16.03M-6.3650High Trading Volume
HYPR
Hyperfine
3.1736 of 5 stars
$0.97
-3.7%
$1.60
+64.4%
-24.8%$70.99M$13.26M-1.77190Positive News
MLSS
Milestone Scientific
2.2861 of 5 stars
$0.90
-9.2%
$1.25
+39.0%
+13.9%$70.05M$9.83M-14.1430
MGRM
Monogram Orthopaedics
1.606 of 5 stars
$2.03
+0.5%
N/A-44.9%$69.65M$370,000.00-4.3028News Coverage
Positive News
APYX
Apyx Medical
2.7963 of 5 stars
$1.82
+13.0%
N/A-18.5%$68.51M$48.54M-2.25270Positive News

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This page (NASDAQ:CODX) was last updated on 12/3/2024 by MarketBeat.com Staff
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