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Sectors & IndustriesHealthcareMedical Devices
Best Medical Device Stocks to Buy Now (2024)
Top medical device stocks in 2024 ranked by overall Zen Score. See the best medical device stocks to buy now, according to analyst forecasts for the medical devices industry.

Industry: Medical Devices
Ticker
Company
Price
1d %
1w %
1m %
3m %
6m %
1y %
3y %
5y %
10y %
52-week High
52-week Low
% off 52-week High
% off 52-week Low
Beta
Volume
Vol 1d %
SMLR
SEMLER SCIENTIFIC INC
$27.001.81%3.41%-5.40%-39.48%-11.42%1.39%-75.89%-40.66%442.17%$53.38$22.8249.42%18.32%0.9440,04921.69%
INMD
INMODE LTD
$17.641.61%2.92%-14.45%-25.06%-17.88%-47.67%-58.36%N/AN/A$48.25$16.7263.44%5.50%1.591,595,329-39.60%
TCMD
TACTILE SYSTEMS TECHNOLOGY INC
$14.28-1.14%-0.17%-7.24%-2.89%10.74%-23.83%-75.66%-73.26%N/A$26.11$9.7045.33%47.24%1.13128,79647.91%
VMD
VIEMED HEALTHCARE INC
$8.18-0.12%-1.56%-8.60%-0.61%9.36%-23.55%-18.61%N/AN/A$11.08$5.9026.17%38.64%0.73101,74310.05%
MDT
MEDTRONIC PLC
$81.690.95%2.45%-3.89%-5.83%12.58%-9.92%-37.74%-8.81%38.34%$91.00$68.8410.23%18.67%0.824,983,856-19.81%
NSYS
NORTECH SYSTEMS INC
$15.59-2.71%-9.96%11.73%54.32%87.22%59.86%161.51%287.71%211.72%$19.15$7.4518.61%109.21%0.4612,60695.38%
ALGN
ALIGN TECHNOLOGY INC
$287.870.46%-6.84%-7.17%4.46%45.80%-5.03%-52.00%-13.05%471.97%$413.20$176.3430.33%63.25%1.53346,835-42.66%
ZBH
ZIMMER BIOMET HOLDINGS INC
$121.662.70%1.94%-6.42%-2.95%11.87%-12.86%-31.63%-2.13%22.85%$147.50$102.0017.52%19.27%0.891,825,915-37.71%
DXCM
DEXCOM INC
$128.371.36%3.24%-7.32%5.89%31.72%9.42%34.92%317.63%1,530.72%$142.00$74.759.60%71.73%1.041,773,716-22.81%
IRMD
IRADIMED CORP
$44.701.94%6.78%5.65%-0.67%-0.80%3.59%57.67%80.97%N/A$51.04$36.1212.42%23.75%0.8361,721-47.82%
PODD
INSULET CORP
$174.430.58%4.96%5.80%-9.87%7.29%-45.66%-38.17%80.44%366.52%$335.91$125.8248.07%38.63%0.94598,702-5.02%
GMED
GLOBUS MEDICAL INC
$51.952.91%2.77%-0.75%-0.02%10.56%-8.55%-27.00%19.98%110.15%$62.88$43.3917.38%19.74%0.881,057,20450.05%
ABT
ABBOTT LABORATORIES
$105.90-0.02%-1.52%-4.83%-5.15%10.50%-5.24%-11.40%34.58%172.66%$121.64$89.6712.94%18.09%0.803,458,592-3.46%
BRKR
BRUKER CORP
$70.05-0.06%-13.49%-23.03%-2.46%19.08%-12.69%2.03%61.13%231.65%$94.86$53.7926.16%30.22%1.091,959,840-40.50%
EW
EDWARDS LIFESCIENCES CORP
$85.250.22%-1.37%-8.35%-0.94%27.11%-3.23%-9.91%40.90%509.49%$96.12$60.5711.31%40.75%0.962,291,88418.35%
PEN
PENUMBRA INC
$208.551.21%2.03%-3.00%-18.23%5.40%-30.72%-30.04%57.88%N/A$348.67$180.9340.19%15.27%1.01311,055-15.44%
STE
STERIS PLC
$207.820.77%1.92%-4.08%-5.49%-4.33%10.73%-2.65%55.99%N/A$254.00$185.2218.18%12.20%0.88492,94228.28%
KIDS
ORTHOPEDIATRICS CORP
$32.833.21%8.49%19.86%25.07%22.18%-32.09%-43.09%-25.39%N/A$48.47$23.1032.27%42.12%1.08188,82278.73%
VREX
VAREX IMAGING CORP
$15.59-5.11%-7.15%-13.44%-19.06%-17.03%-24.43%-35.12%-54.48%N/A$23.90$14.5634.76%7.07%0.911,029,58597.55%
BSX
BOSTON SCIENTIFIC CORP
$72.851.14%-0.44%6.93%13.02%38.68%38.26%66.97%95.83%457.38%$74.39$48.352.07%50.67%0.905,521,774-14.88%
CNMD
CONMED CORP
$71.762.34%9.09%-8.00%-13.00%-29.79%-43.28%-50.54%-13.02%53.50%$138.47$61.0548.18%17.54%1.28467,570-25.94%
SWAV
SHOCKWAVE MEDICAL INC
$330.380.12%0.12%3.01%42.93%53.17%17.41%109.57%660.72%N/A$331.58$157.000.36%110.43%1.30810,02230.69%
BWAY
BRAINSWAY LTD
$5.78-0.69%21.43%2.85%-2.86%40.29%290.54%-33.49%-47.83%N/A$7.62$1.3824.10%318.84%0.8719,564-48.06%
LFWD
LIFEWARD LTD
$4.872.10%2.53%-10.48%-23.44%-11.92%13.49%-63.76%-81.50%N/A$9.10$3.9046.48%24.87%0.706,985-46.87%
SNN
SMITH & NEPHEW PLC
$24.781.39%1.35%0.69%-11.18%2.91%-22.88%-43.03%-41.28%-20.65%$32.71$21.5324.23%15.12%0.841,063,758-18.38%
SYK
STRYKER CORP
$328.450.56%-2.13%-6.42%-4.22%18.91%14.39%24.84%72.22%316.66%$361.41$249.989.12%31.39%1.041,588,857-13.62%
NSPR
INSPIREMD INC
$2.00-0.50%0.00%-9.09%-27.14%-41.94%51.52%-62.26%-97.55%-100.00%$3.85$1.3048.05%54.44%0.617,445288.57%
AXNX
AXONICS INC
$67.280.25%0.88%-3.40%-1.06%23.81%29.86%7.53%199.16%N/A$69.68$47.593.44%41.37%1.16345,673-25.54%
QTRX
QUANTERIX CORP
$17.020.59%9.38%-22.50%-27.39%-25.74%3.78%-69.99%-27.02%N/A$29.70$15.3242.69%11.10%1.54367,41127.44%
SIBN
SI-BONE INC
$14.20-2.81%-2.54%-10.41%-30.60%-20.98%-41.49%-60.51%-18.30%N/A$29.51$14.0751.88%0.92%1.10396,04064.04%
SGHT
SIGHT SCIENCES INC
$5.966.24%12.88%13.96%43.96%227.47%-40.64%N/AN/AN/A$11.00$1.0445.82%473.08%1.9092,26414.70%
INSP
INSPIRE MEDICAL SYSTEMS INC
$249.72-0.59%5.17%18.81%15.53%47.15%-9.27%6.05%380.97%N/A$330.00$123.2724.33%102.58%1.35353,163-1.04%
RPID
RAPID MICRO BIOSYSTEMS INC
$0.89-10.10%-5.92%-7.29%-7.87%-18.35%-0.78%N/AN/AN/A$1.19$0.7425.21%20.27%1.12170,484408.76%
MASS
908 DEVICES INC
$5.65-0.35%-0.35%-14.52%-19.52%-14.13%-13.74%-89.20%N/AN/A$12.51$4.8554.84%16.49%2.02254,009-18.56%
HYPR
HYPERFINE INC
$0.800.88%-5.33%-20.00%-21.18%-40.74%-42.86%-92.00%N/AN/A$3.28$0.7775.61%3.90%1.01134,63990.83%
ITGR
INTEGER HOLDINGS CORP
$111.271.23%1.54%-4.28%8.06%28.62%36.78%17.60%48.40%138.06%$123.99$69.4010.26%60.33%1.16207,372-12.52%
MASI
MASIMO CORP
$137.000.55%0.63%-2.59%2.90%66.50%-26.64%-40.15%-1.08%494.62%$188.76$75.2227.42%82.13%0.81590,60252.71%
AEMD
AETHLON MEDICAL INC
$1.391.83%2.21%-19.65%-22.13%-25.67%-59.45%-92.32%-98.75%N/A$5.00$1.3072.20%6.60%0.475,66622.46%
CVRX
CVRX INC
$9.228.73%-37.24%-46.55%-62.66%-47.64%-26.48%N/AN/AN/A$33.14$7.7772.17%18.66%1.48551,835-33.19%
RXST
RXSIGHT INC
$61.683.44%16.88%20.37%32.08%155.19%227.21%N/AN/AN/A$61.85$18.210.27%238.71%1.25528,89711.60%
RCEL
AVITA MEDICAL INC
$8.750.34%2.70%-42.21%-47.64%-18.22%-47.35%-58.07%N/AN/A$21.70$8.0159.68%9.24%1.51142,232-24.52%
NNOX
NANO-X IMAGING LTD
$9.351.14%4.30%-13.95%75.66%53.45%-12.42%-70.18%N/AN/A$22.69$4.8958.81%91.10%1.751,163,487108.76%
TMDX
TRANSMEDICS GROUP INC
$127.992.85%39.00%69.86%47.86%200.31%75.28%348.14%416.09%N/A$129.66$36.421.29%251.43%1.311,542,49310.34%
IART
INTEGRA LIFESCIENCES HOLDINGS CORP
$28.890.49%1.94%-14.78%-26.86%-25.45%-43.74%-60.99%-45.19%30.55%$51.12$27.1843.48%6.29%0.901,407,57383.48%
AXGN
AXOGEN INC
$5.79-1.53%-12.67%-28.16%-39.44%43.32%-34.65%-70.08%-77.27%123.47%$10.83$3.4546.55%67.83%1.27307,051-17.56%
SILK
SILK ROAD MEDICAL INC
$20.287.30%13.93%14.25%32.20%131.51%-51.49%-67.84%-46.79%N/A$43.52$6.0853.40%233.55%1.27643,471-8.26%
LUNG
PULMONX CORP
$9.824.69%34.89%23.52%-31.38%-1.01%-21.19%-79.15%N/AN/A$14.84$7.1133.81%38.12%1.59712,776-41.63%
SRDX
SURMODICS INC
$32.49-5.96%24.15%20.51%5.66%4.64%41.14%-43.01%-28.33%60.05%$39.41$16.7917.56%93.51%1.0090,444-75.45%
ELMD
ELECTROMED INC
$18.503.87%17.31%19.90%82.99%78.57%78.40%84.08%216.24%1,380.00%$18.50$8.800.00%110.23%0.6862,948175.79%
CTKB
CYTEK BIOSCIENCES INC
$6.220.32%7.99%-5.18%-18.48%41.69%-47.64%N/AN/AN/A$12.10$3.8048.60%63.68%1.47738,56833.15%
INVO
INVO BIOSCIENCE INC
$0.93-0.64%-5.61%0.54%1.54%-28.85%-87.01%-98.84%N/AN/A$8.60$0.5089.24%85.00%1.25174,202-32.27%
PACB
PACIFIC BIOSCIENCES OF CALIFORNIA INC
$1.833.98%24.49%-45.54%-71.58%-74.65%-84.43%-93.29%-75.30%-60.56%$14.55$1.2587.42%46.40%1.8114,403,77051.07%
PRCT
PROCEPT BIOROBOTICS CORP
$64.314.16%24.08%38.15%33.37%89.65%120.84%N/AN/AN/A$64.89$24.830.89%159.00%1.381,142,93811.97%
CODX
CO-DIAGNOSTICS INC
$1.210.83%9.01%8.04%0.83%-9.02%-13.57%-85.37%23.34%N/A$1.89$0.9835.98%24.10%0.0762,33089.89%
NPCE
NEUROPACE INC
$13.64-1.87%1.87%10.27%-11.54%90.24%180.66%-41.36%N/AN/A$18.15$3.8024.85%258.95%0.7943,022-14.25%
HSDT
HELIUS MEDICAL TECHNOLOGIES INC
$2.877.89%-36.22%-55.71%-59.29%-63.53%-61.86%-99.66%-99.93%N/A$14.44$2.3580.12%22.13%0.6912,232,9566,751.97%
MXCT
MAXCYTE INC
$3.77-1.57%1.62%-11.29%-23.68%10.23%-23.22%N/AN/AN/A$5.55$2.4532.01%53.88%1.53477,877-7.60%
UFPT
UFP TECHNOLOGIES INC
$262.142.69%22.93%5.60%46.70%83.10%78.04%423.23%613.11%978.32%$265.94$127.291.43%105.94%0.8073,430-26.68%
ICAD
ICAD INC
$1.47-1.34%0.00%-22.63%6.52%-5.77%3.52%-92.03%-72.11%-82.62%$3.97$1.0562.97%40.00%1.0562,560-27.64%
OM
OUTSET MEDICAL INC
$3.144.67%30.83%54.68%0.64%-26.12%-84.54%-94.57%N/AN/A$24.13$1.9286.99%63.54%1.52846,519-16.74%
TNDM
TANDEM DIABETES CARE INC
$44.7222.32%26.90%30.53%95.28%183.94%11.94%-51.44%-33.61%-74.20%$47.00$13.824.85%223.59%1.135,735,316134.91%
TELA
TELA BIO INC
$4.721.94%6.07%-10.94%-28.05%-18.90%-50.32%-65.80%N/AN/A$11.26$4.2458.08%11.45%0.9530,331-58.78%
NURO
NEUROMETRIX INC
$4.30-3.80%-3.15%11.69%42.86%11.69%-49.29%-82.38%-92.93%-99.91%$9.87$2.7056.45%59.26%1.0220,40560.68%
CLPT
CLEARPOINT NEURO INC
$5.876.34%11.60%-11.06%-20.35%-3.77%-37.15%-71.77%86.94%-87.77%$9.87$4.0540.53%44.94%1.1374,501-0.38%
SRTS
SENSUS HEALTHCARE INC
$3.65-5.44%7.04%3.11%12.65%65.91%-25.36%-4.33%-42.25%N/A$5.38$1.7932.16%103.91%0.85174,606-1.72%
NVNO
ENVVENO MEDICAL CORP
$5.05-0.20%-2.51%-1.56%23.17%22.57%25.00%-18.94%-91.06%N/A$6.97$2.5127.55%101.20%0.9021,950-48.90%
PROF
PROFOUND MEDICAL CORP
$7.360.14%-8.34%-12.38%-13.72%-23.33%-41.45%-58.39%N/AN/A$15.49$7.1152.49%3.52%1.158,257-62.60%
ICCM
ICECURE MEDICAL LTD
$1.190.85%-0.83%-4.80%-12.50%56.58%1.71%N/AN/AN/A$1.57$0.5224.20%128.85%0.8477,740-36.47%
QIPT
QUIPT HOME MEDICAL CORP
$3.95-1.50%7.92%-6.18%-14.69%-19.88%-37.60%N/AN/AN/A$6.63$3.4240.42%15.50%0.51240,261-6.87%
NARI
INARI MEDICAL INC
$42.030.10%9.40%-2.78%-25.23%-12.98%-33.21%-63.40%N/AN/A$71.85$36.7341.50%14.43%1.301,060,687-29.79%
ECOR
ELECTROCORE INC
$6.333.35%9.81%-0.55%-12.15%2.35%5.42%-76.04%-93.25%N/A$8.08$3.8721.72%63.44%1.236,413295.13%
LNSR
LENSAR INC
$3.264.49%0.62%-2.10%-13.16%50.23%23.02%-56.36%N/AN/A$5.30$1.8038.49%81.11%0.3615,113-52.06%
BFLY
BUTTERFLY NETWORK INC
$0.942.28%21.05%-9.33%7.53%-15.80%-54.22%-93.44%N/AN/A$2.71$0.6765.20%39.91%1.855,064,50314.95%
MGRM
MONOGRAM ORTHOPAEDICS INC
$1.943.74%-20.26%-16.74%-41.39%-30.71%N/AN/AN/AN/A$48.99$1.5396.04%26.80%1.3862,537-10.27%
CERS
CERUS CORP
$1.62-7.95%-5.26%-13.83%-13.83%-6.36%-29.57%-72.35%-73.83%-60.77%$3.08$1.2147.40%34.44%1.392,504,046187.28%
HSCS
HEART TEST LABORATORIES INC
$0.09-6.32%-8.25%-16.04%-31.54%-61.47%-89.77%N/AN/AN/A$1.32$0.0993.26%1.14%-0.161,387,19812.47%
FNA
PARAGON 28 INC
$10.537.78%19.66%-12.69%-20.23%3.64%-43.27%N/AN/AN/A$19.72$7.9546.60%32.45%1.44552,67610.74%
TMCI
TREACE MEDICAL CONCEPTS INC
$11.002.71%5.77%-10.28%-20.00%-0.36%-57.36%-63.53%N/AN/A$27.70$5.2760.29%108.73%1.28440,89783.31%
XTNT
XTANT MEDICAL HOLDINGS INC
$0.85-1.62%-10.53%-13.53%-21.30%-27.35%41.67%-52.78%-73.35%-99.04%$1.45$0.6041.38%41.67%0.16275,023307.90%
INBS
INTELLIGENT BIO SOLUTIONS INC
$2.56-3.76%-4.83%-32.81%-29.67%-11.33%-91.29%-99.78%N/AN/A$44.88$2.2894.30%12.28%1.3140,498-45.99%
DCTH
DELCATH SYSTEMS INC
$5.562.21%4.91%14.17%22.74%78.21%-4.47%-52.15%-94.20%N/A$7.99$2.2530.41%147.11%1.1676,812-75.77%
ATEC
ALPHATEC HOLDINGS INC
$13.653.33%9.73%1.11%-16.51%31.76%-7.14%-14.26%263.03%-21.55%$19.14$8.6628.68%57.62%1.431,081,648-3.01%
NMTC
NEUROONE MEDICAL TECHNOLOGIES CORP
$1.17-3.31%3.54%-5.72%-14.29%32.65%-20.41%-82.54%-90.10%N/A$2.00$0.8541.50%37.65%0.5840,903-21.25%
NAOV
NANOVIBRONIX INC
$0.74-0.54%-2.90%-18.22%-23.25%-6.36%-81.13%-96.62%-98.86%N/A$4.34$0.6883.04%8.71%0.5185,01477.26%
MYO
MYOMO INC
$3.76-4.08%9.62%26.60%10.59%174.45%638.70%-62.44%-89.97%N/A$5.58$0.3732.62%913.48%0.99446,38625.34%
TBIO
TELESIS BIO INC
$0.33-6.78%3.77%-30.82%-0.30%-58.75%-88.21%N/AN/AN/A$3.01$0.3089.04%10.00%1.45145,341648.49%
ASXC
ASENSUS SURGICAL INC
$0.24-1.63%-3.21%-15.44%-7.31%9.05%-62.34%-87.70%-99.10%-99.57%$0.69$0.2065.07%18.14%0.94935,95017.46%
TLIS
TALIS BIOMEDICAL CORP
$9.150.55%0.11%8.86%21.68%57.22%21.59%-94.73%N/AN/A$9.32$4.351.82%110.34%0.781,381-18.33%
IRTC
IRHYTHM TECHNOLOGIES INC
$102.68-7.40%-8.25%-4.48%-12.25%23.29%-22.81%36.67%34.13%N/A$132.92$70.2422.75%46.18%1.20884,20950.39%
BMRA
BIOMERICA INC
$0.56-6.67%-15.79%-32.85%-32.12%-34.88%-57.89%-88.06%-76.33%N/A$2.13$0.5073.71%12.00%-0.35263,39372.28%
ANIK
ANIKA THERAPEUTICS INC
$27.590.00%7.90%4.98%17.81%30.63%6.12%-33.50%-29.65%-41.87%$28.19$16.542.13%66.81%0.8756,826-11.83%
NVRO
NEVRO CORP
$11.291.26%-0.27%-13.42%-31.28%-29.74%-59.06%-93.35%-81.57%N/A$28.89$10.2760.92%9.99%1.23373,193-31.96%
AVNS
AVANOS MEDICAL INC
$19.68-0.15%8.73%-0.20%6.78%-10.91%-19.48%-55.02%-57.04%N/A$26.56$17.2425.90%14.19%1.12245,704-27.35%
SOLV
SOLVENTUM CORP
$64.65-0.75%0.34%1.19%N/AN/AN/AN/AN/AN/A$72.40$60.7210.70%6.47%0.921,688,734-0.01%
RBOT
VICARIOUS SURGICAL INC
$0.312.99%14.81%12.32%-20.51%-22.11%-85.24%-96.88%N/AN/A$2.46$0.2087.37%55.00%1.16193,528-52.30%
AHCO
ADAPTHEALTH CORP
$10.26-0.87%3.01%-6.13%46.36%21.13%-11.25%-64.68%1.99%N/A$15.37$6.3733.25%61.07%0.741,805,05775.79%
LIVN
LIVANOVA PLC
$64.151.95%15.52%18.93%32.00%28.40%35.05%-23.69%-14.20%N/A$64.36$42.750.33%50.06%1.08890,022-35.45%
NVCR
NOVOCURE LTD
$14.784.16%16.98%2.50%7.65%7.26%-77.59%-92.70%-69.77%N/A$83.60$10.8782.32%35.97%1.181,145,594-27.26%
XAIR
BEYOND AIR INC
$1.306.56%11.59%-17.72%-24.86%-43.23%-78.00%-77.47%-77.87%N/A$6.36$1.0679.56%22.64%0.68326,733-19.18%
SENS
SENSEONICS HOLDINGS INC
$0.51-2.51%21.39%0.60%-4.90%-5.78%-14.12%-75.12%-78.87%N/A$1.05$0.3851.90%31.51%1.491,486,720-58.23%

Medical Device Stocks FAQ

What are the best medical device stocks to buy right now in May 2024?

According to Zen Score, the 3 best medical equipment stocks to buy right now are:

1. Semler Scientific (NASDAQ:SMLR)


Semler Scientific (NASDAQ:SMLR) is the top medical device stock with a Zen Score of 68, which is 42 points higher than the medical device industry average of 26. It passed 21 out of 33 due diligence checks and has strong fundamentals. Semler Scientific has seen its stock return 1.39% over the past year, overperforming other medical device stocks by 14 percentage points.

2. Inmode (NASDAQ:INMD)


Inmode (NASDAQ:INMD) is the second best medical device stock with a Zen Score of 61, which is 35 points higher than the medical device industry average of 26. It passed 19 out of 33 due diligence checks and has strong fundamentals. Inmode has seen its stock lose -47.67% over the past year, underperforming other medical device stocks by -35 percentage points.

Inmode has an average 1 year price target of $27.00, an upside of 53.06% from Inmode's current stock price of $17.64.

Inmode stock has a consensus Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Inmode, 33.33% have issued a Strong Buy rating, 0% have issued a Buy, 66.67% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Tactile Systems Technology (NASDAQ:TCMD)


Tactile Systems Technology (NASDAQ:TCMD) is the third best medical device stock with a Zen Score of 56, which is 30 points higher than the medical device industry average of 26. It passed 18 out of 33 due diligence checks and has strong fundamentals. Tactile Systems Technology has seen its stock lose -23.83% over the past year, underperforming other medical device stocks by -11 percentage points.

What are the medical device stocks with highest dividends?

Out of 9 medical device stocks that have issued dividends in the past year, the 3 medical device stocks with the highest dividend yields are:

1. Medtronic (NYSE:MDT)


Medtronic (NYSE:MDT) has an annual dividend yield of 3.38%, which is 2 percentage points higher than the medical device industry average of 1.55%. Medtronic's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Medtronic's dividend has shown consistent growth over the last 10 years.

Medtronic's dividend payout ratio of 87.3% indicates that its dividend yield is sustainable for the long-term.

2. Smith & Nephew (NYSE:SNN)


Smith & Nephew (NYSE:SNN) has an annual dividend yield of 3.03%, which is 1 percentage points higher than the medical device industry average of 1.55%. Smith & Nephew's dividend payout is not stable, having dropped more than 10% nine times in the last 10 years. Smith & Nephew's dividend has shown consistent growth over the last 10 years.

Smith & Nephew's dividend payout ratio of 124.2% indicates that its dividend yield might not be sustainable for the long-term.

3. Abbott Laboratories (NYSE:ABT)


Abbott Laboratories (NYSE:ABT) has an annual dividend yield of 2%, which is the same as the medical device industry average of 1.55%. Abbott Laboratories's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Abbott Laboratories's dividend has shown consistent growth over the last 10 years.

Abbott Laboratories's dividend payout ratio of 65.6% indicates that its dividend yield is sustainable for the long-term.

Why are medical device stocks up?

Medical device stocks were up 0.93% in the last day, and up 3.67% over the last week. Tandem Diabetes Care was the among the top gainers in the medical devices industry, gaining 22.32% yesterday.

Tandem Diabetes Care shares are trading higher after the comapny reported better-than-expected Q1 financial results.

What are the most undervalued medical device stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued medical device stocks right now are:

1. Semler Scientific (NASDAQ:SMLR)


Semler Scientific (NASDAQ:SMLR) is the most undervalued medical device stock based on WallStreetZen's Valuation Score. Semler Scientific has a valuation score of 100, which is 87 points higher than the medical device industry average of 13. It passed 7 out of 7 valuation due diligence checks.

Semler Scientific's stock has gained 1.39% in the past year. It has overperformed other stocks in the medical device industry by 14 percentage points.

2. Inmode (NASDAQ:INMD)


Inmode (NASDAQ:INMD) is the second most undervalued medical device stock based on WallStreetZen's Valuation Score. Inmode has a valuation score of 100, which is 87 points higher than the medical device industry average of 13. It passed 7 out of 7 valuation due diligence checks.

Inmode's stock has dropped -47.67% in the past year. It has underperformed other stocks in the medical device industry by -35 percentage points.

3. Tactile Systems Technology (NASDAQ:TCMD)


Tactile Systems Technology (NASDAQ:TCMD) is the third most undervalued medical device stock based on WallStreetZen's Valuation Score. Tactile Systems Technology has a valuation score of 71, which is 58 points higher than the medical device industry average of 13. It passed 5 out of 7 valuation due diligence checks.

Tactile Systems Technology's stock has dropped -23.83% in the past year. It has underperformed other stocks in the medical device industry by -11 percentage points.

Are medical device stocks a good buy now?

44.44% of medical device stocks rated by analysts are a strong buy right now. On average, analysts expect medical device stocks to rise by 19.09% over the next year.

What is the average p/e ratio of the medical devices industry?

The average P/E ratio of the medical devices industry is 27.79x.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.