Critical Analysis: CONMED (NYSE:CNMD) vs. Vivani Medical (NASDAQ:VANI)

CONMED (NYSE:CNMD) and Vivani Medical (NASDAQ:VANI) are both medical companies, but which is the superior stock? We will contrast the two companies based on the strength of their earnings, risk, profitability, dividends, valuation, analyst recommendations and institutional ownership.

Profitability

This table compares CONMED and Vivani Medical’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
CONMED	10.23%	13.84%	5.26%
Vivani Medical	N/A	-102.42%	-49.21%

Valuation and Earnings

This table compares CONMED and Vivani Medical”s revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
CONMED	$1.29 billion	1.62	$64.46 million	$4.21	16.00
Vivani Medical	N/A	N/A	-$25.65 million	($0.45)	-2.67

CONMED has higher revenue and earnings than Vivani Medical. Vivani Medical is trading at a lower price-to-earnings ratio than CONMED, indicating that it is currently the more affordable of the two stocks.

Risk and Volatility

CONMED has a beta of 1.46, indicating that its stock price is 46% more volatile than the S&P 500. Comparatively, Vivani Medical has a beta of 3.16, indicating that its stock price is 216% more volatile than the S&P 500.

Institutional and Insider Ownership

6.8% of Vivani Medical shares are owned by institutional investors. 6.8% of CONMED shares are owned by company insiders. Comparatively, 44.3% of Vivani Medical shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.

Analyst Ratings

This is a summary of recent recommendations for CONMED and Vivani Medical, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
CONMED	0	1	4	0	2.80
Vivani Medical	0	0	1	0	3.00

CONMED presently has a consensus price target of $79.80, suggesting a potential upside of 18.49%. Vivani Medical has a consensus price target of $3.00, suggesting a potential upside of 150.00%. Given Vivani Medical’s stronger consensus rating and higher probable upside, analysts clearly believe Vivani Medical is more favorable than CONMED.

Summary

CONMED beats Vivani Medical on 8 of the 13 factors compared between the two stocks.

About CONMED

CONMED Corporation, a medical technology company, develops, manufactures, and sells surgical devices and related equipment for surgical procedures worldwide. The company offers orthopedic surgery products, including BioBrace, TruShot with Y-Knot All-In-One Soft Tissue Fixation System, Y-knot All-Suture Anchors, and Agro Knotless Suture Anchors, which provide clinical solutions to orthopedic surgeons for the augmentation and repair of soft tissue injuries, as well as provides supporting products that enable surgeons to perform minimally invasive sports medicine surgeries. It markets orthopedic surgery products under the Hall, CONMED Linvatec, Concept, and Shutt brands. The company also provides battery-powered and autoclavable bone power tool systems for use in orthopedic, arthroscopic, oral/maxillofacial, podiatric, spinal, and cardiothoracic surgeries under Hall surgical brand name. In addition, it offers general surgery products, including clinical insufflation systems under AirSeal brand; smoke removal devices under Buffalo Filter brand; endomechanical products, such as tissue retrieval bags, trocars, suction irrigation devices, graspers, scissors, and dissectors used in minimally invasive surgeries; and electrosurgical solution comprising monopolar and bipolar generators, argon beam coagulation generators, handpieces, smoke management systems and other accessories. Further, the company provides endoscopic technologies, including therapeutic and diagnostic products for use in gastroenterology procedures, and products for the treatment of diseases of the dilatation, hemostasis, biliary, structure management, and infection prevention and patient monitoring, including ECG and EEG electrodes, and cardiac defibrillation pads. It markets its products directly to hospitals, surgery centers, and other healthcare institutions, as well as through medical specialty distributors. CONMED Corporation was incorporated in 1970 and is headquartered in Largo, Florida.

About Vivani Medical

Vivani Medical, Inc., a clinical stage company, develops various implants that treat chronic diseases with high unmet medical need. It engages in developing a portfolio of miniature drug implants to deliver minimally fluctuating drug profiles; and implantable visual prostheses devices to deliver useful artificial vision to blind individuals. The company is headquartered in Emeryville, California.