NeurAxis (NRXS) versus Its Competitors Critical Review

NeurAxis (NASDAQ:NRXS) is one of 75 publicly-traded companies in the “Electromedical equipment” industry, but how does it contrast to its rivals? We will compare NeurAxis to related businesses based on the strength of its institutional ownership, risk, profitability, dividends, earnings, analyst recommendations and valuation.

Profitability

This table compares NeurAxis and its rivals’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
NeurAxis	-594.55%	N/A	-899.27%
NeurAxis Competitors	-314.77%	-38.52%	-22.19%

Institutional and Insider Ownership

11.8% of NeurAxis shares are owned by institutional investors. Comparatively, 46.1% of shares of all “Electromedical equipment” companies are owned by institutional investors. 15.2% of shares of all “Electromedical equipment” companies are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.

Analyst Ratings

This is a breakdown of current ratings and price targets for NeurAxis and its rivals, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
NeurAxis	0	0	1	0	3.00
NeurAxis Competitors	231	748	1992	98	2.64

As a group, “Electromedical equipment” companies have a potential upside of 34.07%. Given NeurAxis’ rivals higher possible upside, analysts plainly believe NeurAxis has less favorable growth aspects than its rivals.

Earnings & Valuation

This table compares NeurAxis and its rivals top-line revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
NeurAxis	$2.46 million	-$14.63 million	-0.69
NeurAxis Competitors	$967.50 million	$84.38 million	7.36

NeurAxis’ rivals have higher revenue and earnings than NeurAxis. NeurAxis is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.

Summary

NeurAxis rivals beat NeurAxis on 9 of the 12 factors compared.

About NeurAxis

NeurAxis, Inc., a medical technology company, focuses on developing neuromodulation therapies to address chronic and debilitating conditions in children and adults in the United States. It offers IB-Stim, a percutaneous electrical nerve field stimulation system intended to be used in patients 11-18 years of age with functional abdominal pain associated with irritable bowel syndrome. The company sells its products to healthcare companies, including hospitals and clinics. The company was formerly known as Innovative Health Solutions, Inc. and changed its name to NeurAxis, Inc. in March 2022. The company was founded in 2011 and is headquartered in Carmel, Indiana.