Sectors & IndustriesHealthcareMedical Devices
Best Medical Device Stocks to Buy Now (2026)
Top medical device stocks in 2026 ranked by overall Zen Rating. "A" Rated stocks have returned an average of +32.52% per year, and are the best medical device stocks to buy now. Learn More.

Industry: Medical Devices
C
Medical Devices is Zen Rated C and is the 73rd ranked industry out of 145 stock market industries
Learn how the Zen Ratings work
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 %
BVS
BIOVENTUS INC
$10.112.43%0.20%10.49%23.14%54.12%39.26%891.18%-28.04%N/A$10.76$5.816.04%74.01%1.22391,00084.43%
VMD
VIEMED HEALTHCARE INC
$9.970.10%3.21%3.96%24.63%51.75%41.22%-7.43%-0.80%N/A$10.18$5.932.06%68.13%0.65183,000-1.61%
ELMD
ELECTROMED INC
$25.60-0.43%-2.99%8.25%-15.15%6.44%11.06%145.92%154.73%436.69%$30.73$17.7316.69%44.39%0.4836,20066.82%
ALGN
ALIGN TECHNOLOGY INC
$178.911.65%-5.64%3.58%9.34%29.15%1.23%-43.62%-70.17%138.23%$208.31$122.0014.11%46.65%1.57840,000-51.50%
SNN
SMITH & NEPHEW PLC
$31.160.74%-1.30%-2.90%-9.05%-15.26%10.42%-4.62%-28.37%-9.97%$38.79$27.9719.67%11.41%0.691,344,00035.08%
TCMD
TACTILE SYSTEMS TECHNOLOGY INC
$22.89-0.56%-8.70%-11.86%-20.33%45.15%65.51%23.26%-60.97%N/A$37.77$8.6139.40%165.85%1.09320,00011.50%
LIVN
LIVANOVA PLC
$61.001.50%-4.98%-5.62%-8.63%16.01%65.81%27.32%-27.43%12.53%$71.92$35.0015.18%74.29%0.94632,000-32.91%
DXCM
DEXCOM INC
$61.353.02%-0.36%-1.64%-15.41%1.52%-12.68%-48.20%-35.52%276.96%$89.98$54.1131.82%13.38%1.1410,561,000102.43%
GMED
GLOBUS MEDICAL INC
$91.341.29%-3.72%4.10%1.83%49.25%28.45%57.27%28.36%262.89%$101.40$51.799.92%76.37%1.00907,000-10.46%
VREX
VAREX IMAGING CORP
$11.61-0.34%-7.34%9.32%-18.01%-3.57%38.38%-33.81%-51.69%N/A$14.57$6.7620.29%71.75%1.11279,000-27.34%
STE
STERIS PLC
$214.40-1.14%-3.34%-2.52%-18.86%-9.66%-3.53%11.60%0.44%203.73%$269.44$209.9820.43%2.10%0.76554,0001.84%
CERS
CERUS CORP
$2.7233.99%37.37%45.45%17.24%78.95%109.23%15.74%-53.58%-56.41%$3.15$1.1513.65%136.52%1.7924,769,0003,489.71%
IRMD
IRADIMED CORP
$87.154.45%-1.73%-9.73%-11.97%3.61%64.62%107.70%207.41%485.69%$107.90$50.3119.23%73.23%0.92347,000110.30%
PODD
INSULET CORP
$175.041.68%-7.66%-15.46%-31.79%-45.09%-30.05%-45.11%-37.95%431.39%$354.88$158.3550.68%10.54%1.091,282,000-48.80%
MASS
908 DEVICES INC
$6.81-0.29%1.04%9.66%10.02%-14.12%27.05%9.49%-86.99%N/A$9.34$4.2027.09%62.14%1.67214,00010.31%
BWAY
BRAINSWAY LTD
$16.841.69%2.87%24.01%44.86%93.79%282.29%2,058.97%287.57%N/A$16.95$4.300.63%291.35%0.8781,000-49.38%
IRTC
IRHYTHM HOLDINGS INC
$120.80-6.47%-1.27%2.18%-22.43%-34.70%11.24%-9.21%60.79%N/A$212.00$112.3143.02%7.56%1.271,324,00025.02%
CNMD
CONMED CORP
$36.800.38%-4.02%3.57%-6.15%-17.97%-35.65%-70.76%-74.64%-13.35%$61.08$33.2139.75%10.81%1.11371,000-61.59%
EW
EDWARDS LIFESCIENCES CORP
$83.980.57%-0.20%3.35%1.61%1.10%11.71%-4.08%-11.25%135.77%$87.89$72.304.45%16.15%0.866,106,00015.73%
PHG
KONINKLIJKE PHILIPS NV
$26.16-0.68%-4.77%-4.14%-9.48%-3.86%4.72%25.59%-54.39%-5.29%$33.44$21.9521.77%19.18%0.94700,000-35.36%
ATEC
ALPHATEC HOLDINGS INC
$10.436.86%-4.31%-7.37%-28.02%-45.93%-5.70%-29.24%-34.48%286.30%$23.29$9.1555.22%14.05%1.252,852,000-9.23%
ANIK
ANIKA THERAPEUTICS INC
$14.8519.28%-3.38%-0.87%54.21%51.22%2.70%-42.88%-64.21%-67.41%$16.24$7.878.56%88.69%0.83236,0007.27%
SYK
STRYKER CORP
$294.73-6.47%-10.01%-10.53%-19.94%-17.71%-21.19%-1.72%12.02%168.08%$404.87$294.5527.20%0.06%0.844,519,00064.81%
GKOS
GLAUKOS CORP
$140.22-2.40%15.43%24.49%19.37%60.45%67.85%195.82%50.99%608.90%$146.75$73.164.45%91.66%1.211,317,000-50.75%
AXGN
AXOGEN INC
$43.280.19%10.27%28.89%23.59%86.15%162.62%366.88%123.67%656.64%$45.75$9.225.40%369.41%1.23759,000-39.18%
OFIX
ORTHOFIX MEDICAL INC
$11.911.28%-3.56%2.58%-11.45%-25.84%-12.10%-37.64%-73.42%-72.87%$16.99$10.2429.90%16.31%1.00200,00011.11%
AHCO
ADAPTHEALTH CORP
$13.170.46%2.89%11.05%30.40%44.88%54.94%12.09%-54.66%N/A$13.40$7.951.72%65.66%1.051,128,00076.25%
ZBH
ZIMMER BIOMET HOLDINGS INC
$82.900.57%-9.16%-8.93%-3.85%-17.00%-18.58%-40.29%-53.41%-28.49%$108.29$79.8323.45%3.85%0.642,387,000-42.76%
SIBN
SI-BONE INC
$13.216.62%-2.29%1.54%-19.30%-12.23%-3.44%-41.55%-63.26%N/A$21.89$11.8039.65%11.95%1.171,025,00050.74%
NPCE
NEUROPACE INC
$17.071.25%1.61%21.32%7.29%81.60%44.78%248.37%-26.61%N/A$18.98$7.5610.04%125.73%0.95152,00014.29%
INMD
INMODE LTD
$14.41-0.41%0.07%5.18%-13.30%-1.91%-1.97%-61.67%-65.99%N/A$16.74$12.7213.92%13.29%1.62306,000-3.16%
APYX
APYX MEDICAL CORP
$3.06-8.11%-17.74%-15.70%-30.45%-4.38%185.98%-17.30%-69.73%58.55%$4.50$1.0432.00%194.23%1.29514,000729.03%
BSX
BOSTON SCIENTIFIC CORP
$56.50-1.93%-8.97%-8.87%-38.50%-42.69%-45.25%7.01%29.50%156.82%$109.50$56.0548.40%0.80%0.7012,109,000-32.55%
SNWV
SANUWAVE HEALTH INC
$15.73-3.91%-15.88%-6.65%-41.65%-42.63%-46.00%N/AN/AN/A$46.59$15.5766.23%1.03%0.84114,000-35.23%
AORT
ARTIVION INC
$36.211.06%-4.10%6.00%-12.18%-20.75%55.21%157.91%27.86%192.02%$48.25$23.1524.95%56.45%1.04218,000-33.94%
SGHT
SIGHT SCIENCES INC
$4.458.80%2.06%21.58%-30.90%-12.75%44.48%-57.94%N/AN/A$9.24$2.7451.82%62.41%1.80152,00011.76%
CBLL
CERIBELL INC
$20.501.69%-3.21%10.81%1.38%80.78%25.92%N/AN/AN/A$24.33$10.8515.74%88.94%1.55143,000-28.50%
ESTA
ESTABLISHMENT LABS HOLDINGS INC
$70.232.33%5.96%19.64%-1.43%46.92%126.26%-1.47%1.24%N/A$83.31$32.2515.70%117.77%1.67471,00014.60%
MDT
MEDTRONIC PLC
$80.00-1.20%-3.98%-7.04%-22.11%-11.31%-4.26%-11.78%-39.02%0.82%$106.33$78.9124.76%1.38%0.568,199,000-25.40%
QDEL
QUIDELORTHO CORP
$12.642.76%9.06%-23.76%-54.29%-54.38%-54.66%-86.26%-88.36%-26.43%$38.99$10.8667.58%16.39%1.041,366,000-25.68%
CTKB
CYTEK BIOSCIENCES INC
$4.621.32%5.00%3.13%-10.47%17.26%24.86%-60.68%N/AN/A$6.18$2.3725.24%94.94%1.43431,000-60.42%
IART
INTEGRA LIFESCIENCES HOLDINGS CORP
$10.953.89%3.60%14.42%-1.88%-4.70%-33.39%-80.32%-85.21%-69.48%$16.49$8.7033.60%25.86%1.06817,00027.66%
BRKR
BRUKER CORP
$36.790.22%0.66%1.97%-15.91%-4.96%-6.51%-53.16%-46.41%27.92%$56.22$28.5334.56%28.95%1.121,362,000-30.15%
BFLY
BUTTERFLY NETWORK INC
$5.4012.73%1.31%32.03%41.36%85.57%130.77%162.14%-62.42%N/A$5.72$1.325.59%309.09%2.286,491,000-26.71%
TMDX
TRANSMEDICS GROUP INC
$100.01-0.77%-9.84%-0.39%-25.36%-19.81%10.57%28.46%250.18%N/A$156.00$89.6535.89%11.56%1.64839,000-4.33%
INSP
INSPIRE MEDICAL SYSTEMS INC
$56.701.00%0.69%5.70%-22.80%-23.08%-64.09%-78.37%-75.92%N/A$163.35$48.3065.29%17.39%1.28953,00018.39%
HSDT
SOLANA CO
$2.123.92%-1.85%24.71%-14.86%-59.54%-98.91%-99.97%-100.00%-100.00%$258.50$1.5999.18%33.33%1.3280,000-32.77%
DCTH
DELCATH SYSTEMS INC
$10.804.05%-0.37%13.21%8.22%13.45%-10.60%86.53%-7.06%N/A$18.23$8.1240.76%33.00%0.91170,000-34.62%
BIO
BIO-RAD LABORATORIES INC
$256.55-8.41%-10.87%-7.84%-13.74%-17.62%6.70%-43.48%-57.94%78.07%$343.12$211.4325.23%21.34%0.95940,00045.96%
LMRI
LUMEXA IMAGING HOLDINGS INC
$10.004.49%4.17%6.38%-18.43%N/AN/AN/AN/AN/A$19.45$7.2348.59%38.31%2.70431,000-10.58%
ITGR
INTEGER HOLDINGS CORP
$84.03-5.06%-2.31%-2.79%-1.78%25.55%-33.09%1.52%-11.19%145.77%$126.00$62.1033.31%35.31%0.91862,000-51.02%
HYPR
HYPERFINE INC
$1.8712.65%44.96%71.56%61.21%65.49%156.16%33.57%-81.30%N/A$2.22$0.5315.77%250.84%1.312,118,00095.39%
ECOR
ELECTROCORE INC
$6.642.00%7.53%0.61%1.37%30.71%-12.29%10.67%-74.85%N/A$8.64$4.1623.15%59.62%0.8170,000-11.95%
UFPT
UFP TECHNOLOGIES INC
$194.071.27%-2.99%0.04%-24.15%-2.50%-8.60%39.49%287.37%675.66%$274.93$182.8729.41%6.13%0.94194,000-15.28%
BDMD
BAIRD MEDICAL INVESTMENT HOLDINGS LTD
$1.794.07%-2.72%-5.79%73.79%50.42%-67.77%-82.60%N/AN/A$7.26$0.7675.35%136.46%0.03100,000-5.66%
AIDX
20/20 BIOLABS INC
$1.55-2.83%-5.79%-17.82%N/AN/AN/AN/AN/AN/A$50.00$1.4696.91%6.19%1.4225,600-23.12%
TNDM
TANDEM DIABETES CARE INC
$19.42-0.54%-4.62%3.24%-3.33%35.24%-2.80%-51.41%-78.91%-81.27%$29.65$9.9834.50%94.59%1.381,591,000-27.42%
PACB
PACIFIC BIOSCIENCES OF CALIFORNIA INC
$1.600.63%2.56%18.52%-22.33%-28.57%44.14%-85.85%-94.13%-83.54%$2.73$0.8541.39%88.01%2.424,991,0000.65%
CV
CAPSOVISION INC
$7.505.93%23.56%12.78%37.11%56.90%N/AN/AN/AN/A$15.37$3.4551.20%117.39%0.99161,000-27.15%
INGN
INOGEN INC
$6.98-1.83%-0.99%11.32%16.33%-14.98%-1.13%-48.71%-89.77%-86.03%$9.13$5.3423.55%30.71%1.19175,000-19.35%
ALMR
ALAMAR BIOSCIENCES INC
$25.813.08%3.90%N/AN/AN/AN/AN/AN/AN/A$27.20$21.505.11%20.05%1.83381,00080.57%
POAS
PHAOS TECHNOLOGY HOLDINGS (CAYMAN) LTD
$2.32-0.85%22.43%13.17%-38.13%N/AN/AN/AN/AN/A$7.38$0.5368.56%337.74%0.0960,000-84.96%
ABT
ABBOTT LABORATORIES
$89.46-1.46%-1.83%-12.62%-18.23%-27.76%-31.65%-19.49%-25.16%130.27%$139.06$89.1435.67%0.36%0.5412,844,000-12.20%
KIDS
ORTHOPEDIATRICS CORP
$15.633.78%-3.46%-4.05%-9.60%-4.75%-25.32%-69.93%-72.91%N/A$23.70$14.4234.05%8.39%1.24387,00069.74%
SI
SHOULDER INNOVATIONS INC
$13.515.63%4.16%-7.97%-5.19%19.77%N/AN/AN/AN/A$17.94$10.9224.69%23.72%0.8772,5003.57%
LUCD
LUCID DIAGNOSTICS INC
$1.091.87%1.87%-5.22%-14.84%-9.92%-15.50%-21.01%N/AN/A$1.70$0.9535.88%14.74%0.82789,00014.85%
MOVE
CORVEX INC
$14.71-7.48%-14.08%24.66%-1.01%165.05%71.05%-90.19%-98.18%N/A$34.87$4.6757.81%214.99%1.0951,00096.15%
TLSI
TRISALUS LIFE SCIENCES INC
$4.391.62%-5.39%5.02%-14.09%-6.79%-13.75%-56.92%-54.74%N/A$7.95$3.4244.78%28.36%0.2661,400-55.18%
PROF
PROFOUND MEDICAL CORP
$6.862.39%-1.86%5.05%-11.60%15.10%42.03%-44.00%-61.22%N/A$8.95$3.7623.35%82.45%1.0763,30028.14%
NVCR
NOVOCURE LTD
$16.629.27%33.28%53.32%36.34%35.90%-7.41%-75.16%-91.80%29.74%$20.06$9.8217.15%69.25%1.463,534,000-50.66%
LNSR
LENSAR INC
$5.617.27%10.22%-6.03%-55.90%-55.12%-59.90%105.49%-24.90%N/A$14.31$5.0660.80%10.87%0.4878,60040.36%
RPID
RAPID MICRO BIOSYSTEMS INC
$2.535.42%10.96%17.13%-39.62%-8.00%12.44%166.32%N/AN/A$4.94$2.0148.79%25.87%1.2765,000-22.62%
INBS
INTELLIGENT BIO SOLUTIONS INC
$2.41-1.63%-5.49%-22.76%-69.34%-74.03%-82.15%-99.20%-99.98%N/A$24.90$2.2990.32%5.24%1.1965,40028.24%
MXCT
MAXCYTE INC
$0.880.00%1.97%18.28%1.27%-45.34%-68.46%-81.86%N/AN/A$2.86$0.6469.23%36.86%1.43457,000-33.19%
SSII
SS INNOVATIONS INTERNATIONAL INC
$3.99-0.75%-8.49%-17.73%9.02%-49.24%-63.07%N/AN/AN/A$11.87$3.0266.39%32.34%0.18113,000108.10%
SGP
SPYGLASS PHARMA INC
$23.984.53%1.96%-1.88%-9.17%N/AN/AN/AN/AN/A$32.44$20.1526.08%19.01%1.9183,00046.90%
QTRX
QUANTERIX CORP
$3.408.63%3.66%-2.30%-47.69%-35.73%-41.07%-73.06%-94.01%N/A$8.77$2.9561.23%15.25%1.87746,000-23.33%
OM
OUTSET MEDICAL INC
$4.362.11%-3.54%13.54%-12.27%-66.49%-60.97%-98.48%-99.50%N/A$21.98$3.0080.16%45.33%1.49134,00032.67%
LUNG
PULMONX CORP
$1.355.47%6.30%5.47%-17.18%-26.23%-64.19%-89.04%-97.13%N/A$3.88$1.1365.21%19.47%1.391,078,00046.27%
MDAI
SPECTRAL AI INC
$2.154.88%16.85%49.31%26.47%8.59%66.67%-79.17%-78.04%N/A$3.21$1.1333.02%90.27%0.47559,00022.59%
CVRX
CVRX INC
$7.976.13%3.24%-12.42%11.94%-23.07%9.33%-37.49%N/AN/A$11.30$4.3029.47%85.39%1.53345,00068.29%
CLPT
CLEARPOINT NEURO INC
$11.371.70%-3.48%24.40%-14.12%-40.16%-18.26%13.13%-45.31%-32.32%$30.10$8.2762.23%37.48%1.88344,000-29.80%
PFSA
PROFUSA INC
$0.56-5.87%-2.77%-3.11%-91.61%-96.06%-99.94%-99.93%N/AN/A$957.00$0.4199.94%36.83%0.34277,000-64.58%
TMCI
TREACE MEDICAL CONCEPTS INC
$1.862.76%-6.06%31.91%-17.70%-71.78%-74.66%-92.85%-93.83%N/A$7.78$1.1776.09%58.97%1.35330,00027.41%
SENS
SENSEONICS HOLDINGS INC
$5.10-22.84%-27.66%-23.31%-29.66%-25.87%-64.74%-57.90%-87.44%-92.52%$14.96$4.9665.91%2.82%1.886,503,0001,430.12%
SRTS
SENSUS HEALTHCARE INC
$3.980.25%1.02%-5.24%-22.11%28.39%-8.08%-14.41%4.33%N/A$5.92$3.0332.77%31.35%0.9617,900-36.07%
BBNX
BETA BIONICS INC
$10.290.88%-7.88%2.80%-24.89%-62.86%-7.63%N/AN/AN/A$32.71$8.8068.54%16.93%1.78464,000-31.76%
PRCT
PROCEPT BIOROBOTICS CORP
$24.632.45%1.11%-2.88%-15.48%-28.63%-53.40%-21.28%N/AN/A$66.85$19.3563.16%27.29%1.281,216,000-70.28%
FEED
ENVUE MEDICAL INC
$1.192.59%-11.19%-42.51%-50.83%-75.96%-96.93%-99.70%-99.95%-99.99%$45.60$0.9997.39%20.20%0.69123,000-35.60%
CATX
PERSPECTIVE THERAPEUTICS INC
$3.85-1.28%-14.63%-12.90%-23.91%48.08%55.87%-37.32%-57.24%-65.00%$6.16$1.9637.45%96.43%1.191,003,000-10.21%
NNOX
NANO-X IMAGING LTD
$1.731.17%-0.29%-28.22%-36.40%-49.27%-65.33%-83.19%-94.48%N/A$5.86$1.6670.48%4.22%1.811,127,000-44.97%
RCEL
AVITA MEDICAL INC
$4.442.78%-0.45%17.77%4.72%17.46%-52.46%-71.68%-78.73%N/A$9.85$3.2254.90%37.89%1.46147,00016.67%
RXST
RXSIGHT INC
$7.404.67%2.07%16.72%-16.19%-14.75%-50.60%-60.64%N/AN/A$16.74$5.9055.79%25.42%1.30441,000-16.32%
MYO
MYOMO INC
$0.904.65%9.22%33.33%2.74%3.69%-81.01%66.36%-91.01%N/A$4.89$0.6181.60%48.76%1.31332,00028.68%
STEX
STREAMEX CORP
$1.1854.25%15.69%6.31%-64.56%-75.11%-3.28%-90.48%-96.44%-97.46%$14.11$0.7091.64%68.57%1.205,990,000384.63%
ITOC
ITONIC HOLDINGS LTD
$0.35-2.75%-5.61%8.28%-24.89%-42.23%-90.83%N/AN/AN/A$32.00$0.2598.90%40.64%0.7160,000-42.86%
AIMD
AINOS INC
$1.72-1.15%-2.82%19.44%-24.56%-49.11%-36.88%-91.50%163.80%N/A$4.50$1.2661.78%36.51%288.6012,700-53.48%
AMIX
AUTONOMIX MEDICAL INC
$0.378.82%0.54%-8.19%-8.64%-63.37%-83.84%N/AN/AN/A$2.64$0.3285.98%15.63%0.67392,000253.15%
ELUT
ELUTIA INC
$1.01-0.98%-5.61%-7.34%-0.98%8.02%-54.30%-52.80%-89.54%N/A$2.64$0.5061.74%102.00%0.2950,70017.91%
QTI
QT IMAGING HOLDINGS INC
$6.620.68%2.40%9.60%13.55%-3.78%178.97%-79.16%N/AN/A$9.21$1.9528.12%239.49%0.2810,600-77.45%

Medical Device Stocks FAQ

What are the best medical device stocks to buy right now in May 2026?

According to Zen Ratings, our proprietary rating system that evaluates 115 factors proven to drive growth in stocks and assigns each stock in our system an overall letter grade as well as 7 individual Component Grades for Value, Growth, Momentum, Sentiment, Safety, Financials, and proprietary AI algorithms, the 3 best medical equipment stocks to buy right now are:

1. Bioventus (NASDAQ:BVS)


Bioventus (NASDAQ:BVS) is the #1 top medical device stock out of 138 with a Zen Rating of A. Stocks with a rating of A have had an average return of +32.52% per year. Learn more.

The Component Grade breakdown for Bioventus (NASDAQ:BVS) is: Value: B, Growth: A, Momentum: C, Sentiment: C, Safety: B, Financials: A, and AI: C.

Bioventus (NASDAQ:BVS) has a Due Diligence Score of 40, which is 11 points higher than the medical device industry average of 29.

BVS passed 13 out of 33 due diligence checks and has average fundamentals. Bioventus has seen its stock return 39.26% over the past year, overperforming other medical device stocks by 100 percentage points.

Bioventus has an average 1 year price target of $15.00, an upside of 48.37% from Bioventus's current stock price of $10.11.

Bioventus stock has a consensus Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Bioventus, 0% have issued a Strong Buy rating, 100% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Viemed Healthcare (NASDAQ:VMD)


Viemed Healthcare (NASDAQ:VMD) is the #2 top medical device stock out of 138 with a Zen Rating of A. Stocks with a rating of A have had an average return of +32.52% per year. Learn more.

The Component Grade breakdown for Viemed Healthcare (NASDAQ:VMD) is: Value: C, Growth: B, Momentum: B, Sentiment: A, Safety: C, Financials: B, and AI: B.

Viemed Healthcare (NASDAQ:VMD) has a Due Diligence Score of 55, which is 26 points higher than the medical device industry average of 29.

VMD passed 18 out of 33 due diligence checks and has strong fundamentals. Viemed Healthcare has seen its stock return 41.22% over the past year, overperforming other medical device stocks by 102 percentage points.

3. Electromed (NYSEMKT:ELMD)


Electromed (NYSEMKT:ELMD) is the #3 top medical device stock out of 138 with a Zen Rating of A. Stocks with a rating of A have had an average return of +32.52% per year. Learn more.

The Component Grade breakdown for Electromed (NYSEMKT:ELMD) is: Value: B, Growth: C, Momentum: C, Sentiment: A, Safety: A, Financials: A, and AI: B.

Electromed (NYSEMKT:ELMD) has a Due Diligence Score of 45, which is 16 points higher than the medical device industry average of 29.

ELMD passed 15 out of 33 due diligence checks and has strong fundamentals. Electromed has seen its stock return 11.06% over the past year, overperforming other medical device stocks by 72 percentage points.

Electromed has an average 1 year price target of $36.00, an upside of 40.63% from Electromed's current stock price of $25.60.

Electromed stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Electromed, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the medical device stocks with highest dividends?

Out of 8 medical device stocks that have issued dividends in the past year, the 3 medical device stocks with the highest dividend yields are:

1. Abbott Laboratories (NYSE:ABT)


Abbott Laboratories (NYSE:ABT) has an annual dividend yield of 2.73%, which is 1 percentage points higher than the medical device industry average of 1.34%. 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 68% 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 2.47%, which is 1 percentage points higher than the medical device industry average of 1.34%. 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 52.8% indicates that its dividend yield is sustainable for the long-term.

3. Iradimed (NASDAQ:IRMD)


Iradimed (NASDAQ:IRMD) has an annual dividend yield of 1.39%, which is the same as the medical device industry average of 1.34%. Iradimed's dividend payout is not stable, having dropped more than 10% three times in the last 10 years. Iradimed's dividend has not shown consistent growth over the last 10 years.

Iradimed's dividend payout ratio of 65.1% indicates that its dividend yield is sustainable for the long-term.

Why are medical device stocks down?

Medical device stocks were down -0.88% in the last day, and down -3.32% over the last week. Senseonics Holdings was the among the top losers in the medical devices industry, dropping -22.84% yesterday.

Senseonics Holdings shares are trading lower after the company announced the pricing of its $80 million public offering of 8 million shares at $5.00 each and pre-funded warrants at $4.999 per share.

What are the most undervalued medical device stocks?

Based on the Valuation rating, one of the 7 components of a stocks overall Zen Ratings grade, which evaluates factors including estimated earnings yield, earnings before interest and taxes/enterprise value, cash flow yield, free cash flow to price, and price-to-earnings growth (PEG ratio), the 3 most undervalued medical device stocks right now are:

1. Conmed (NYSE:CNMD)


Conmed (NYSE:CNMD) is the most undervalued medical device stock based on its Valuation Rating of A. Valuation is one of 7 Component Grades used to calculate the overall Zen Rating.

Conmed has a valuation score of 43, which is 31 points higher than the medical device industry average of 12. It passed 3 out of 7 valuation due diligence checks.

Conmed's stock has dropped -35.65% in the past year. It has overperformed other stocks in the medical device industry by 25 percentage points.

2. Inmode (NASDAQ:INMD)


Inmode (NASDAQ:INMD) is the second most undervalued medical device stock based on its Valuation Rating of A. Valuation is one of 7 Component Grades used to calculate the overall Zen Rating.

Inmode has a valuation score of 71, which is 59 points higher than the medical device industry average of 12. It passed 5 out of 7 valuation due diligence checks.

Inmode's stock has dropped -1.97% in the past year. It has overperformed other stocks in the medical device industry by 59 percentage points.

3. Zimmer Biomet Holdings (NYSE:ZBH)


Zimmer Biomet Holdings (NYSE:ZBH) is the third most undervalued medical device stock based on its Valuation Rating of A. Valuation is one of 7 Component Grades used to calculate the overall Zen Rating.

Zimmer Biomet Holdings has a valuation score of 29, which is 17 points higher than the medical device industry average of 12. It passed 2 out of 7 valuation due diligence checks.

Zimmer Biomet Holdings's stock has dropped -18.58% in the past year. It has overperformed other stocks in the medical device industry by 42 percentage points.

Are medical device stocks a good buy now?

59.38% of medical device stocks rated by analysts are a strong buy right now. On average, analysts expect medical device stocks to rise by 37.44% over the next year.

9.47% of medical device stocks have a Zen Rating of A (Strong Buy), 15.79% of medical device stocks are rated B (Buy), 50.53% are rated C (Hold), 20% are rated D (Sell), and 4.21% are rated F (Strong Sell).

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

The average P/E ratio of the medical devices industry is 20.42x.
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.