Surmodics (SRDX) Stock Price, News & Analysis

Company Overview

Surmodics, Inc., together with its subsidiaries, provides performance coating technologies for intravascular medical devices, and chemical and biological components for in vitro diagnostic immunoassay tests and microarrays in the United States and internationally. It operates through two segments, Medical Device and In Vitro Diagnostics (IVD). The Medical Device segment engages in the provision of surface modification coating technologies to enhance access, deliverability, and predictable deployment of medical devices; and drug-delivery coating technologies to provide site-specific drug-delivery from the surface of a medical device for neurovascular, peripheral, coronary, and structural heart, and other markets, as well as manufacturing of vascular intervention medical devices, including drug-coated balloons, mechanical thrombectomy devices, and radial access balloon catheters and guide sheaths. The IVD segment develops, manufactures, and sells chemical and biological components for in vitro diagnostic immunoassay and molecular tests, as well as diagnostic and biomedical research markets. This segment offers protein stabilizers, substrates, surface coatings, and antigens. The company was founded in 1979 and is headquartered in Eden Prairie, Minnesota.

Key Stats

• Today's Range: $39.10 to $39.58
• 50-Day Range: $37.50 to $39.44
• 52-Week Range: $25.17 to $42.44
• Volume: 174,407 shs
• Average Volume: 230,504 shs
• Market Capitalization: $563.60 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $50.00
• Consensus Rating: Hold

Surmodics Stock Analysis - MarketRank™

Surmodics scored higher than 84% of companies evaluated by MarketBeat, and ranked 170th out of 956 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.0 / 5
• Analyst Rating: Hold

Consensus Rating

Surmodics has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 4 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Surmodics has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 382.35%

Earnings Growth

Earnings for Surmodics are expected to grow by 382.35% in the coming year, from $0.17 to $0.82 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Surmodics is -48.55, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Surmodics is -48.55, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Surmodics has a P/B Ratio of 4.74. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.42% of the float of Surmodics has been sold short.

Short Interest Ratio / Days to Cover

Surmodics has a short interest ratio ("days to cover") of 1.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Surmodics has recently increased by 4.19%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Surmodics does not currently pay a dividend.

Dividend Growth

Surmodics does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 3.4 / 5
• Environmental Score: -2.52

Percentage of Shares Shorted

2.42% of the float of Surmodics has been sold short.

Short Interest Ratio / Days to Cover

Surmodics has a short interest ratio ("days to cover") of 1.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Surmodics has recently increased by 4.19%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 1.8 / 5
• News Sentiment: 0.33

News Sentiment

Surmodics has a news sentiment score of 0.33. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.50 average news sentiment score of Medical companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Surmodics this week, compared to 2 articles on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Surmodics insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 8.90% of the stock of Surmodics is held by insiders.

Percentage Held by Institutions

96.63% of the stock of Surmodics is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

SRDX Stock Analysis - Frequently Asked Questions

How have SRDX shares performed this year?

Surmodics' stock was trading at $36.35 at the beginning of the year. Since then, SRDX stock has increased by 8.2% and is now trading at $39.33.
View the best growth stocks for 2024 here.

How were Surmodics' earnings last quarter?

Surmodics, Inc. (NASDAQ:SRDX) released its quarterly earnings results on Wednesday, November, 6th. The company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.27) by $0.14. The firm had revenue of $33.23 million for the quarter, compared to the consensus estimate of $30.69 million. Surmodics had a negative net margin of 9.15% and a negative trailing twelve-month return on equity of 3.79%.

Who are Surmodics' major shareholders?

Top institutional investors of Surmodics include State Street Corp (2.62%), Geode Capital Management LLC (2.27%), Disciplined Growth Investors Inc. MN (1.94%) and Charles Schwab Investment Management Inc. (0.82%). Insiders that own company stock include Gary R Maharaj, David Dantzker, Ronald B Sr Kalich Sr, Jose H Bedoya and Joseph J Stich.
View institutional ownership trends.

How do I buy shares of Surmodics?

Shares of SRDX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Surmodics own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Surmodics investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), Adobe (ADBE), ServiceNow (NOW) and Palo Alto Networks (PANW).

Company Calendar

• Last Earnings: 11/06/2024
• Today: 11/23/2024
• Next Earnings (Estimated): 2/06/2025
• Fiscal Year End: 9/30/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Medical
• Industry: Surgical & medical instruments
• Sub-Industry: Health Care Equipment
• Current Symbol: NASDAQ:SRDX
• CUSIP: 86887310
• CIK: 924717
• Web: www.surmodics.com
• Phone: (952) 500-7000
• Fax: 952-500-7001
• Employees: 376
• Year Founded: 1979

Price Target and Rating

• Average Stock Price Target: $50.00
• High Stock Price Target: $71.00
• Low Stock Price Target: $43.00
• Potential Upside/Downside: +27.1%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.81)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 231.35
• P/E Growth: N/A
• Net Income: $-11,540,000.00
• Net Margins: -9.15%
• Pretax Margin: -5.95%
• Return on Equity: -3.79%
• Return on Assets: -2.55%

Debt

• Debt-to-Equity Ratio: 0.25
• Current Ratio: 3.96
• Quick Ratio: 3.22

Sales & Book Value

• Annual Sales: $126.08 million
• Price / Sales: 4.47
• Cash Flow: $0.31 per share
• Price / Cash Flow: 126.67
• Book Value: $8.30 per share
• Price / Book: 4.74

Miscellaneous

• Outstanding Shares: 14,330,000
• Free Float: 12,997,000
• Market Cap: $563.60 million
• Optionable: Optionable
• Beta: 1.20