AXNX vs. IRTC, PRCT, TNDM, NARI, ICUI, MMSI, HAE, IART, ATEC, and LMAT
Should you be buying Axonics stock or one of its competitors? The main competitors of Axonics include iRhythm Technologies (IRTC), PROCEPT BioRobotics (PRCT), Tandem Diabetes Care (TNDM), Inari Medical (NARI), ICU Medical (ICUI), Merit Medical Systems (MMSI), Haemonetics (HAE), Integra LifeSciences (IART), Alphatec (ATEC), and LeMaitre Vascular (LMAT). These companies are all part of the "surgical & medical instruments" industry.
Axonics (NASDAQ:AXNX) and iRhythm Technologies (NASDAQ:IRTC) are both mid-cap medical companies, but which is the superior business? We will compare the two businesses based on the strength of their analyst recommendations, dividends, community ranking, valuation, risk, earnings, profitability, media sentiment and institutional ownership.
iRhythm Technologies received 215 more outperform votes than Axonics when rated by MarketBeat users. However, 66.92% of users gave Axonics an outperform vote while only 66.04% of users gave iRhythm Technologies an outperform vote.
99.5% of Axonics shares are owned by institutional investors. 1.9% of Axonics shares are owned by company insiders. Comparatively, 0.7% of iRhythm Technologies shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.
Axonics has a net margin of -4.12% compared to iRhythm Technologies' net margin of -25.33%. Axonics' return on equity of -2.58% beat iRhythm Technologies' return on equity.
Axonics has higher earnings, but lower revenue than iRhythm Technologies. Axonics is trading at a lower price-to-earnings ratio than iRhythm Technologies, indicating that it is currently the more affordable of the two stocks.
In the previous week, Axonics had 2 more articles in the media than iRhythm Technologies. MarketBeat recorded 5 mentions for Axonics and 3 mentions for iRhythm Technologies. Axonics' average media sentiment score of 1.37 beat iRhythm Technologies' score of 1.08 indicating that Axonics is being referred to more favorably in the media.
Axonics has a beta of 0.6, indicating that its stock price is 40% less volatile than the S&P 500. Comparatively, iRhythm Technologies has a beta of 1.31, indicating that its stock price is 31% more volatile than the S&P 500.
Axonics presently has a consensus target price of $70.73, indicating a potential upside of 4.50%. iRhythm Technologies has a consensus target price of $134.00, indicating a potential upside of 32.65%. Given iRhythm Technologies' stronger consensus rating and higher possible upside, analysts clearly believe iRhythm Technologies is more favorable than Axonics.
Summary
Axonics beats iRhythm Technologies on 11 of the 18 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding AXNX and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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