Sectors & IndustriesHealthcareMedical Devices
Best Medical Device Stocks to Buy Now (2025)
Top medical device stocks in 2025 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 66th 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
$7.26-0.68%-6.08%-22.52%-30.86%-46.54%81.95%-34.00%N/AN/A$14.38$3.9449.51%84.26%1.19412,1518.39%
ELMD
ELECTROMED INC
$23.050.09%-0.13%-4.71%-31.97%0.66%30.59%85.14%72.66%803.92%$35.56$13.7435.18%67.76%0.5039,737-48.92%
TCMD
TACTILE SYSTEMS TECHNOLOGY INC
$13.83-2.05%-3.62%1.69%-20.24%-5.85%-3.56%-22.78%-71.61%N/A$21.10$11.1234.45%24.37%1.07157,107-34.53%
AXGN
AXOGEN INC
$16.481.29%1.98%-7.47%-8.04%18.14%151.22%119.73%67.48%416.61%$21.00$5.5521.52%196.94%1.31750,87981.83%
AVNS
AVANOS MEDICAL INC
$12.33-1.75%-1.60%-14.08%-26.39%-34.10%-34.38%-57.76%-60.32%-74.76%$25.36$11.8451.38%4.14%0.96396,686-28.88%
SNN
SMITH & NEPHEW PLC
$28.220.71%4.52%0.11%11.23%11.81%16.90%-12.17%-26.28%-19.19%$31.72$23.6911.03%19.12%0.761,541,6971.85%
PEN
PENUMBRA INC
$291.82-0.35%-2.16%7.63%10.12%25.08%42.15%64.68%71.04%N/A$310.00$148.005.86%97.18%1.01668,87128.44%
ZIMV
ZIMVIE INC
$9.04-0.22%-4.03%-14.39%-34.21%-35.61%-41.68%-61.15%N/AN/A$22.40$8.5659.64%5.61%1.27116,5384.23%
LIVN
LIVANOVA PLC
$36.79-0.57%-1.26%-5.74%-23.45%-28.05%-41.25%-52.36%-29.56%N/A$64.48$32.4842.94%13.27%0.96679,6300.04%
AHCO
ADAPTHEALTH CORP
$8.50-0.12%5.85%-21.44%-16.99%-19.05%-15.51%-33.90%-47.24%N/A$11.90$7.1128.57%19.63%1.022,121,40118.20%
VREX
VAREX IMAGING CORP
$8.390.84%0.96%-26.60%-38.49%-36.44%-49.40%-56.75%-67.05%N/A$16.93$6.9750.44%20.37%1.09364,477-22.41%
IRMD
IRADIMED CORP
$52.941.01%-0.36%-0.95%-10.80%9.61%26.05%55.25%167.24%225.78%$63.29$41.6016.35%27.26%0.8135,640-5.61%
MASI
MASIMO CORP
$163.651.67%0.63%-2.36%-4.93%13.47%22.12%37.35%-24.93%378.93%$194.88$101.6116.03%61.06%1.03385,43910.92%
BWAY
BRAINSWAY LTD
$8.811.61%-3.40%-4.13%-11.46%-13.88%58.45%17.47%3.04%N/A$11.79$5.1325.28%71.73%0.8011,401-29.13%
BSX
BOSTON SCIENTIFIC CORP
$103.190.31%2.03%1.93%0.12%23.40%42.90%147.87%186.72%481.68%$107.17$71.823.71%43.68%0.808,149,72121.59%
VMD
VIEMED HEALTHCARE INC
$7.06-0.14%1.15%-1.12%-12.30%-18.00%-15.45%40.08%6.81%N/A$9.81$6.2128.03%13.61%0.70130,593-8.29%
SYK
STRYKER CORP
$373.990.02%3.58%0.18%-4.38%1.86%13.98%57.82%107.06%300.42%$406.19$314.937.93%18.75%0.931,611,427-28.44%
CNMD
CONMED CORP
$57.1916.45%12.14%-3.72%-19.69%-18.76%-16.32%-57.33%-11.89%14.02%$78.58$46.0027.22%24.33%1.141,372,888124.81%
IART
INTEGRA LIFESCIENCES HOLDINGS CORP
$16.440.31%-1.56%-23.92%-36.77%-14.73%-43.66%-72.83%-67.64%-49.79%$32.66$14.4549.66%13.77%0.941,049,17321.50%
STE
STERIS PLC
$222.24-1.11%-1.82%-1.54%1.79%-1.31%8.39%-0.81%57.17%N/A$248.24$200.9810.47%10.58%0.771,085,156-25.88%
MDT
MEDTRONIC PLC
$83.56-1.42%-0.88%-5.57%-7.70%-7.23%3.30%-18.98%-12.17%10.53%$96.25$75.9613.18%10.01%0.655,951,508-20.33%
SMLR
SEMLER SCIENTIFIC INC
$33.333.09%-3.22%-8.73%-33.95%8.64%27.55%-29.59%-26.99%852.29%$81.56$20.8859.13%59.63%1.40523,907-25.17%
SIBN
SI-BONE INC
$13.680.22%-4.93%-2.56%-19.62%1.41%-5.72%-32.64%-12.42%N/A$19.16$11.7028.60%16.92%1.24313,91427.49%
GMED
GLOBUS MEDICAL INC
$71.11-0.92%-2.68%-3.11%-23.20%-5.03%41.01%7.60%55.81%205.19%$94.93$50.0025.09%42.22%0.98706,997-37.91%
MYO
MYOMO INC
$4.740.85%-2.87%-2.27%-21.00%26.74%34.28%57.48%3.04%N/A$7.17$2.7633.89%71.74%1.28228,011-21.36%
INGN
INOGEN INC
$7.06-0.98%-1.26%1.58%-38.45%-18.76%0.14%-72.40%-86.30%-79.92%$13.33$6.4047.04%10.31%1.17158,64332.25%
ALGN
ALIGN TECHNOLOGY INC
$176.741.98%-4.09%11.80%-18.11%-15.27%-37.88%-42.78%-13.05%198.65%$295.69$141.7440.23%24.69%1.582,690,7045.51%
SNWV
SANUWAVE HEALTH INC
$29.137.69%-2.08%-22.75%N/AN/AN/AN/AN/AN/A$39.50$25.2326.25%15.46%0.6159,21323.69%
ARAY
ACCURAY INC
$1.35-12.90%-12.34%-24.16%-38.36%-22.86%-37.79%-49.44%-41.30%-80.21%$2.95$1.3454.24%1.12%1.372,345,919168.19%
ZBH
ZIMMER BIOMET HOLDINGS INC
$101.82-1.19%0.32%-9.39%-5.86%-5.08%-14.84%-15.61%-12.41%-7.80%$122.25$93.1016.71%9.37%0.741,396,028-0.25%
DXCM
DEXCOM INC
$70.26-1.57%-0.73%4.37%-19.29%-0.13%-44.18%-30.97%-17.71%318.71%$132.26$57.5246.88%22.15%1.175,904,660106.47%
PHG
KONINKLIJKE PHILIPS NV
$24.98-1.46%1.05%-0.99%-6.76%-5.70%-6.65%-4.98%-41.70%-13.17%$32.91$21.4824.10%16.31%0.91701,922-22.49%
INSP
INSPIRE MEDICAL SYSTEMS INC
$157.90-0.30%-0.19%-0.05%-17.73%-17.20%-35.29%-27.06%131.97%N/A$257.40$123.0038.66%28.37%1.34279,891-26.02%
BIO
BIO-RAD LABORATORIES INC
$240.43-1.50%-3.73%0.18%-31.91%-34.74%-12.27%-52.05%-44.32%78.15%$387.99$215.3838.03%11.63%0.92406,25832.24%
ITGR
INTEGER HOLDINGS CORP
$125.59-0.57%3.40%5.93%-9.15%-0.68%14.40%65.10%74.50%142.26%$146.36$104.9314.19%19.69%1.01531,852-37.23%
GKOS
GLAUKOS CORP
$83.54-11.36%-12.46%-13.96%-46.48%-36.60%-15.54%73.90%133.09%N/A$163.71$77.1048.97%8.35%1.224,554,892229.41%
NPCE
NEUROPACE INC
$11.790.86%4.80%-10.07%-13.37%87.44%-15.60%63.52%N/AN/A$15.11$5.4521.97%116.33%0.93100,348-7.61%
ABT
ABBOTT LABORATORIES
$130.880.10%1.16%-0.62%1.89%10.35%23.13%16.00%45.66%180.32%$141.23$99.717.33%31.26%0.606,703,702-21.23%
NMTC
NEUROONE MEDICAL TECHNOLOGIES CORP
$0.62-0.96%2.32%-28.97%-42.78%-34.26%-46.72%-16.03%-89.33%N/A$1.39$0.4055.54%56.46%0.7982,205-23.44%
DCTH
DELCATH SYSTEMS INC
$12.080.33%0.17%-3.90%-21.81%15.05%123.70%106.50%N/AN/A$16.97$5.3028.82%127.92%0.86212,2171.72%
BRKR
BRUKER CORP
$39.35-1.77%0.98%-2.55%-30.61%-33.63%-50.21%-32.14%6.06%101.43%$79.78$34.1050.68%15.40%1.061,792,71219.83%
ATEC
ALPHATEC HOLDINGS INC
$11.060.73%-2.98%9.72%-3.49%36.37%-14.73%0.45%148.54%-35.09%$13.79$4.8819.80%126.64%1.272,946,838114.68%
EW
EDWARDS LIFESCIENCES CORP
$75.18-0.41%0.07%4.61%5.32%11.31%-10.82%-28.28%7.74%254.66%$95.25$58.9321.07%27.58%0.913,823,107-21.98%
BFLY
BUTTERFLY NETWORK INC
$2.340.00%-5.65%5.41%-40.91%15.27%197.33%-34.64%N/AN/A$4.98$0.8253.01%185.37%1.892,793,53559.68%
QDEL
QUIDELORTHO CORP
$27.880.32%0.36%-18.26%-34.45%-28.70%-29.74%-72.45%-79.98%20.28%$49.45$23.7743.62%17.29%0.761,302,124-7.43%
QIPT
QUIPT HOME MEDICAL CORP
$2.14-0.47%0.00%-4.89%-29.84%-18.63%-41.37%-51.80%N/AN/A$4.17$1.8648.68%15.05%0.6078,229-27.66%
INMD
INMODE LTD
$14.704.26%-8.87%-18.78%-11.82%-14.83%-14.73%-42.60%21.99%N/A$19.85$13.6825.94%7.50%1.691,722,227-12.64%
TMCI
TREACE MEDICAL CONCEPTS INC
$7.343.67%10.21%-9.94%-24.25%53.56%-32.41%-62.55%N/AN/A$11.33$3.9235.22%87.24%1.26455,841-18.21%
PODD
INSULET CORP
$250.25-0.81%-3.52%-4.91%-10.27%6.21%46.97%1.25%28.41%827.88%$289.46$160.1913.55%56.22%1.14592,434-17.83%
CERS
CERUS CORP
$1.30-1.52%-4.41%-5.80%-27.78%-14.47%-24.42%-72.97%-76.87%-70.59%$2.54$1.1248.82%16.07%1.66872,038-4.22%
CTKB
CYTEK BIOSCIENCES INC
$3.70-0.27%-3.14%-5.61%-31.35%-27.59%-41.92%-61.54%N/AN/A$7.63$3.2751.51%13.15%1.39418,899-7.97%
TMDX
TRANSMEDICS GROUP INC
$90.45-1.70%-3.96%32.49%31.54%9.77%-23.09%311.14%445.21%N/A$177.37$55.0049.00%64.45%1.55905,09120.95%
ANIK
ANIKA THERAPEUTICS INC
$14.46-0.48%0.59%-3.79%-16.32%-12.52%-45.41%-33.09%-55.25%-58.50%$29.12$12.8350.33%12.70%0.8548,416-2.23%
OFIX
ORTHOFIX MEDICAL INC
$13.55-2.59%-2.87%-15.37%-25.55%-20.11%4.03%-56.36%-59.91%-59.36%$20.73$12.0834.64%12.17%0.99317,95936.94%
SSII
SS INNOVATIONS INTERNATIONAL INC
$10.81-0.78%-4.80%N/AN/AN/AN/AN/AN/AN/A$22.42$9.2551.81%16.81%0.8682,54241.18%
IRTC
IRHYTHM TECHNOLOGIES INC
$108.591.59%3.64%1.60%-0.27%44.71%-2.82%-15.17%5.13%N/A$128.52$55.9215.51%94.19%1.23621,16427.10%
PACB
PACIFIC BIOSCIENCES OF CALIFORNIA INC
$1.110.00%-2.63%-1.77%-23.97%-54.51%-34.32%-83.80%-65.95%-80.42%$2.72$1.0659.19%4.72%2.304,052,633-12.07%
OM
OUTSET MEDICAL INC
$11.174.98%2.85%2.38%-7.49%22.08%-73.87%-97.97%N/AN/A$78.30$5.8585.73%90.94%1.3176,563-31.49%
TNDM
TANDEM DIABETES CARE INC
$19.9818.58%13.07%6.67%-45.11%-37.39%-44.81%-79.56%-75.09%-85.43%$53.69$15.7562.79%26.84%1.254,728,807174.49%
NVCR
NOVOCURE LTD
$17.95-1.05%-3.23%2.45%-24.42%10.94%40.89%-77.94%-70.32%N/A$34.13$14.1747.41%26.68%1.32874,39716.01%
PROF
PROFOUND MEDICAL CORP
$4.83-3.21%2.33%-17.44%-23.70%-34.29%-35.17%-36.61%-61.24%N/A$11.42$3.9057.71%24.01%0.9572,735-26.65%
UFPT
UFP TECHNOLOGIES INC
$212.331.82%2.63%4.12%-21.60%-22.13%-9.97%206.61%401.01%955.84%$366.41$178.2642.05%19.11%0.9091,880-41.67%
BMRA
BIOMERICA INC
$3.60-0.55%-4.26%-21.05%-4.36%20.97%-28.59%-88.10%-93.85%N/A$10.16$1.9364.57%86.34%0.7719,47728.82%
LUNG
PULMONX CORP
$3.77-21.95%-27.08%-45.12%-35.45%-39.87%-51.17%-84.97%N/AN/A$10.01$3.6162.34%4.58%1.301,550,993372.72%
SRDX
SURMODICS INC
$27.86-0.54%-5.24%-9.81%-18.23%-25.96%-16.41%-26.59%-26.72%10.08%$42.44$26.0034.35%7.15%0.9066,496-72.94%
SENS
SENSEONICS HOLDINGS INC
$0.72-2.95%-6.35%8.72%-19.22%112.65%56.16%-49.44%33.89%N/A$1.40$0.2548.36%189.20%1.761,551,3002.64%
AORT
ARTIVION INC
$23.33-1.52%-2.18%-5.43%-23.73%-12.79%14.76%14.36%5.23%131.22%$32.33$20.6427.84%13.03%1.10441,11627.05%
VVOS
VIVOS THERAPEUTICS INC
$2.73-3.87%0.74%3.80%-30.00%1.87%7.73%-93.80%N/AN/A$6.28$1.9156.53%42.93%0.9289,291-3.67%
CLPT
CLEARPOINT NEURO INC
$13.91-3.34%-2.66%6.26%-17.94%7.91%156.64%62.69%291.83%-68.10%$19.22$5.1127.63%172.21%1.63166,22415.10%
CBLL
CERIBELL INC
$16.281.18%5.10%-13.27%-29.74%-38.38%N/AN/AN/AN/A$32.75$10.0150.29%62.64%1.48219,48148.15%
SGHT
SIGHT SCIENCES INC
$3.080.98%-6.38%34.50%12.82%-40.88%-44.90%-58.21%N/AN/A$8.45$2.0363.55%51.72%1.71161,830-2.40%
ICCM
ICECURE MEDICAL LTD
$1.16-7.94%-1.69%-6.45%-7.94%43.03%-0.85%-45.15%N/AN/A$1.66$0.4830.12%141.67%0.74485,28311.06%
LUCD
LUCID DIAGNOSTICS INC
$1.293.20%-3.01%-9.15%41.76%40.22%46.76%-42.67%N/AN/A$1.80$0.6828.33%89.43%0.82768,662-28.68%
MASS
908 DEVICES INC
$5.36-1.29%2.49%31.70%134.06%54.91%-5.63%-70.74%N/AN/A$7.48$1.8128.34%196.13%1.76192,068-46.35%
RPID
RAPID MICRO BIOSYSTEMS INC
$2.25-3.02%-3.02%-13.79%2.74%104.55%141.94%-59.82%N/AN/A$4.04$0.5844.36%287.93%1.1874,85985.18%
ECOR
ELECTROCORE INC
$7.572.92%0.26%22.29%-53.01%-34.35%25.33%22.49%-46.33%N/A$19.49$5.0261.16%50.80%0.7959,75738.15%
SRTS
SENSUS HEALTHCARE INC
$4.330.70%-7.48%-8.26%-46.61%-34.09%19.94%-41.57%76.02%N/A$9.33$3.5353.59%22.66%0.9482,81939.73%
QTRX
QUANTERIX CORP
$5.770.17%3.04%-13.43%-34.65%-57.04%-65.01%-75.29%-77.00%N/A$19.18$4.6769.91%23.55%1.78621,686-22.63%
RXST
RXSIGHT INC
$14.981.77%1.73%-40.60%-55.55%-70.68%-73.58%24.32%N/AN/A$66.54$13.5077.49%10.96%1.251,307,301-2.02%
TNON
TENON MEDICAL INC
$1.181.72%2.61%-30.18%-25.79%-68.53%-81.07%-99.94%N/AN/A$15.79$0.9192.53%29.81%1.02167,916-42.35%
NXL
NEXALIN TECHNOLOGY INC
$1.79-1.65%-3.24%-5.79%-41.50%-43.35%5.92%N/AN/AN/A$4.49$0.5360.13%237.74%1.1155,043153.15%
RCEL
AVITA MEDICAL INC
$9.34-3.61%-5.56%14.32%5.30%-9.32%7.98%47.09%-67.29%N/A$14.16$6.9034.04%35.36%1.39149,037-1.11%
TIVC
TIVIC HEALTH SYSTEMS INC
$4.492.98%-36.22%78.17%6.50%-11.96%-75.32%-99.82%N/AN/A$31.45$2.4385.72%84.77%0.9678,40523.55%
TLSI
TRISALUS LIFE SCIENCES INC
$5.09-0.78%-9.91%-7.45%-4.50%26.93%-45.33%-48.32%N/AN/A$10.24$3.5050.29%45.43%0.1424,694-31.46%
PRCT
PROCEPT BIOROBOTICS CORP
$52.85-2.09%0.55%-7.43%-25.82%-42.73%-12.80%42.49%N/AN/A$103.81$47.0449.09%12.35%1.30820,570-12.87%
BDMD
BAIRD MEDICAL INVESTMENT HOLDINGS LTD
$5.55-3.43%-9.85%-1.02%-17.61%112.27%-49.29%-44.25%N/AN/A$13.52$1.0558.93%428.86%-0.10108,432330.92%
ESTA
ESTABLISHMENT LABS HOLDINGS INC
$31.042.27%4.20%-22.61%3.67%-31.66%-38.67%-58.16%95.96%N/A$60.12$26.5648.37%16.89%1.54363,38169.40%
VERO
VENUS CONCEPT INC
$2.39-1.65%-8.78%-8.78%-35.34%-49.47%-67.41%-98.28%-99.67%N/A$17.49$2.1686.34%10.65%2.5750,919-8.80%
KIDS
ORTHOPEDIATRICS CORP
$20.930.53%-3.81%-16.45%-12.97%-23.50%-32.57%-55.21%-52.93%N/A$35.99$20.2541.84%3.37%1.17103,33213.00%
BJDX
BLUEJAY DIAGNOSTICS INC
$2.078.38%26.22%-42.82%-42.34%-50.66%-99.03%-99.98%N/AN/A$316.92$1.4699.35%41.78%0.613,609,404300.96%
NVNO
ENVVENO MEDICAL CORP
$3.3110.33%21.25%29.80%1.22%-1.19%-35.48%-27.89%-64.88%N/A$6.48$2.0348.92%63.21%0.93108,725244.81%
CVRX
CVRX INC
$7.29-0.41%12.50%-41.82%-52.85%-45.60%-27.96%20.10%N/AN/A$18.55$5.8160.70%25.47%1.52164,380-7.81%
MXCT
MAXCYTE INC
$2.79-1.76%-1.76%2.95%-35.86%-25.99%-26.19%-52.23%N/AN/A$5.26$2.2146.96%26.24%1.44315,952-43.81%
SINT
SINTX TECHNOLOGIES INC
$2.69-7.24%-1.10%4.67%-12.66%-13.78%-71.20%-99.97%-99.98%-100.00%$45.60$1.7194.10%57.31%1.2861,555-56.77%
HYPR
HYPERFINE INC
$0.730.69%-5.93%4.14%-41.13%-25.51%-8.86%-79.38%N/AN/A$1.90$0.5861.58%25.00%1.1260,286-73.11%
IINN
INSPIRA TECHNOLOGIES OXY BHN LTD
$0.613.58%-4.26%-5.30%-28.50%-53.31%-68.87%-72.53%N/AN/A$2.45$0.5375.22%14.53%1.1942,352-90.77%
CATX
PERSPECTIVE THERAPEUTICS INC
$2.470.82%1.65%26.02%-25.15%-79.57%-85.47%-20.58%-61.36%-85.97%$19.05$1.6087.03%54.38%0.98339,267-5.30%
BBNX
BETA BIONICS INC
$11.140.81%0.72%-0.89%-51.03%N/AN/AN/AN/AN/A$24.50$8.8954.53%25.31%2.00223,714-26.71%
NNOX
NANO-X IMAGING LTD
$4.99-0.80%-6.20%3.31%-29.52%-13.52%-45.52%-49.54%N/AN/A$11.00$3.7554.64%33.07%1.76504,101-40.08%
TELA
TELA BIO INC
$1.003.09%2.88%-21.26%-62.55%-65.52%-78.40%-89.25%-91.01%N/A$6.50$0.8784.62%15.61%0.8352,770-59.82%

Medical Device Stocks FAQ

What are the best medical device stocks to buy right now in May 2025?

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 143 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: B, Safety: B, Financials: B, and AI: C.

Bioventus (NASDAQ:BVS) has a Due Diligence Score of 15, which is -13 points lower than the medical device industry average of 28. Although this number is below the industry average, our proven quant model rates BVS as a "A".

BVS passed 5 out of 33 due diligence checks and has weak fundamentals. Bioventus has seen its stock return 81.95% over the past year, overperforming other medical device stocks by 97 percentage points.

Bioventus has an average 1 year price target of $14.33, an upside of 97.42% from Bioventus's current stock price of $7.26.

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

2. Electromed (NYSEMKT:ELMD)


Electromed (NYSEMKT:ELMD) is the #2 top medical device stock out of 143 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: C, Growth: B, Momentum: C, Sentiment: A, Safety: B, Financials: A, and AI: C.

Electromed (NYSEMKT:ELMD) has a Due Diligence Score of 43, which is 15 points higher than the medical device industry average of 28.

ELMD passed 14 out of 33 due diligence checks and has strong fundamentals. Electromed has seen its stock return 30.59% over the past year, overperforming other medical device stocks by 46 percentage points.

Electromed has an average 1 year price target of $38.00, an upside of 64.86% from Electromed's current stock price of $23.05.

Electromed stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst 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.

3. Tactile Systems Technology (NASDAQ:TCMD)


Tactile Systems Technology (NASDAQ:TCMD) is the #3 top medical device stock out of 143 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 Tactile Systems Technology (NASDAQ:TCMD) is: Value: B, Growth: B, Momentum: C, Sentiment: B, Safety: B, Financials: A, and AI: B.

Tactile Systems Technology (NASDAQ:TCMD) has a Due Diligence Score of 40, which is 12 points higher than the medical device industry average of 28.

TCMD passed 12 out of 33 due diligence checks and has average fundamentals. Tactile Systems Technology has seen its stock lose -3.56% over the past year, overperforming other medical device stocks by 12 percentage points.

Tactile Systems Technology has an average 1 year price target of $18.00, an upside of 30.15% from Tactile Systems Technology's current stock price of $13.83.

Tactile Systems Technology stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Tactile Systems Technology, 0% have issued a Strong Buy rating, 0% have issued a Buy, 100% 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. Smith & Nephew (NYSE:SNN)


Smith & Nephew (NYSE:SNN) has an annual dividend yield of 2.66%, which is 1 percentage points higher than the medical device industry average of 1.23%. 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 79.4% indicates that its dividend yield is sustainable for the long-term.

2. Medtronic (NYSE:MDT)


Medtronic (NYSE:MDT) has an annual dividend yield of 2.51%, which is 1 percentage points higher than the medical device industry average of 1.23%. 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 84.3% indicates that its dividend yield is sustainable for the long-term.

3. Iradimed (NASDAQ:IRMD)


Iradimed (NASDAQ:IRMD) has an annual dividend yield of 1.17%, which is the same as the medical device industry average of 1.23%.

Iradimed's dividend payout ratio of 40.8% indicates that its dividend yield is sustainable for the long-term.

Why are medical device stocks down?

Medical device stocks were down -0.06% in the last day, and down -0.57% over the last week. Pulmonx was the among the top losers in the medical devices industry, dropping -21.95% yesterday.

Pulmonx shares are trading lower after the company reported Q1 financial results. Also, Piper Sandler reiterated an Overweight rating and lowered its price target from $10 to $9.

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. Inmode (NASDAQ:INMD)


Inmode (NASDAQ:INMD) 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.

Inmode has a valuation score of 71, which is 56 points higher than the medical device industry average of 15. It passed 5 out of 7 valuation due diligence checks.

Inmode's stock has dropped -14.73% in the past year. It has overperformed other stocks in the medical device industry by 1 percentage points.

2. Livanova (NASDAQ:LIVN)


Livanova (NASDAQ:LIVN) 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.

Livanova has a valuation score of 43, which is 28 points higher than the medical device industry average of 15. It passed 3 out of 7 valuation due diligence checks.

Livanova's stock has dropped -41.25% in the past year. It has underperformed other stocks in the medical device industry by -26 percentage points.

3. Adapthealth (NASDAQ:AHCO)


Adapthealth (NASDAQ:AHCO) 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.

Adapthealth has a valuation score of 100, which is 85 points higher than the medical device industry average of 15. It passed 7 out of 7 valuation due diligence checks.

Adapthealth's stock has dropped -15.51% in the past year. It has performed in line with other stocks in the medical device industry.

Are medical device stocks a good buy now?

55% of medical device stocks rated by analysts are a strong buy right now. On average, analysts expect medical device stocks to rise by 38.36% over the next year.

10.19% of medical device stocks have a Zen Rating of A (Strong Buy), 16.67% of medical device stocks are rated B (Buy), 48.15% are rated C (Hold), 18.52% are rated D (Sell), and 6.48% 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 36.38x.
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.