Envoy Medical (COCH) Stock Price, News & Analysis

Company Overview

Envoy Medical, Inc., a hearing health company, provides medical technologies for the hearing loss spectrum. Its products include personal sound amplification devices; hearing aids; Esteem fully implanted active middle ear implants; auditory osseointegrated implants; and Acclaim cochlear implants. The company was formerly known as Envoy Medical Corporation and changed its name to Envoy Medical, Inc. in September 2023. Envoy Medical, Inc. was founded in 1995 and is headquartered in White Bear Lake, Minnesota.

Key Stats

• Today's Range: $3.11 to $3.34
• 50-Day Range: $1.87 to $3.35
• 52-Week Range: $0.75 to $11.72
• Volume: 4,018 shs
• Average Volume: 173,691 shs
• Market Capitalization: $60.96 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $7.38
• Consensus Rating: Buy

Envoy Medical Stock Analysis - MarketRank™

Envoy Medical scored higher than 59% of companies evaluated by MarketBeat, and ranked 488th out of 1,017 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Envoy Medical has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Envoy Medical has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Envoy Medical are expected to grow in the coming year, from ($1.36) to ($1.15) per share.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.36% of the float of Envoy Medical has been sold short.

Short Interest Ratio / Days to Cover

Envoy Medical has a short interest ratio ("days to cover") of 1.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Envoy Medical has recently increased by 5.86%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Envoy Medical does not currently pay a dividend.

Dividend Growth

Envoy Medical does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.36% of the float of Envoy Medical has been sold short.

Short Interest Ratio / Days to Cover

Envoy Medical has a short interest ratio ("days to cover") of 1.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Envoy Medical has recently increased by 5.86%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.95

News Sentiment

Envoy Medical has a news sentiment score of 0.95. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.66 average news sentiment score of Medical companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Envoy Medical this week, compared to 1 article on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Envoy Medical insiders have bought more of their company's stock than they have sold. Specifically, they have bought $16,520.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

Only 0.67% of the stock of Envoy Medical is held by insiders.

Percentage Held by Institutions

Only 8.59% of the stock of Envoy Medical is held by institutions.

COCH Stock Analysis - Frequently Asked Questions

How have COCH shares performed this year?

Envoy Medical's stock was trading at $1.8106 at the beginning of 2024. Since then, COCH shares have increased by 71.8% and is now trading at $3.11.
View the best growth stocks for 2024 here.

How were Envoy Medical's earnings last quarter?

Envoy Medical, Inc. (NASDAQ:COCH) issued its earnings results on Monday, August, 12th. The company reported ($0.27) earnings per share for the quarter, missing analysts' consensus estimates of ($0.24) by $0.03. The business earned $0.07 million during the quarter, compared to analysts' expectations of $0.08 million.

Who are Envoy Medical's major shareholders?

Top institutional shareholders of Envoy Medical include Atlas Merchant Capital LLC (2.83%). Insiders that own company stock include Brent T Lucas and Mona Chetan Patel.
View institutional ownership trends.

How do I buy shares of Envoy Medical?

Shares of COCH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Company Calendar

• Last Earnings: 8/12/2024
• Today: 9/19/2024
• Next Earnings (Estimated): 11/15/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Medical
• Industry: Surgical appliances & supplies
• Sub-Industry: Medical Equipment
• Current Symbol: NASDAQ:COCH
• CUSIP: N/A
• CIK: 1840877
• Web: www.envoymedical.com
• Phone: 877-900-3277
• Fax: N/A
• Employees: 34
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $7.38
• High Stock Price Target: $8.75
• Low Stock Price Target: $6.00
• Potential Upside/Downside: +137.1%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-29,910,000.00
• Net Margins: -4,564.57%
• Pretax Margin: -4,511.92%
• Return on Equity: N/A
• Return on Assets: -125.15%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.62
• Quick Ratio: 0.42

Sales & Book Value

• Annual Sales: $302,000.00
• Price / Sales: 201.84
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: ($0.09) per share
• Price / Book: -34.56

Miscellaneous

• Outstanding Shares: 19,600,000
• Free Float: 19,469,000
• Market Cap: $60.96 million
• Optionable: Not Optionable
• Beta: 2.33