Elutia (NASDAQ:ELUT – Get Free Report) and Tenaya Therapeutics (NASDAQ:TNYA – Get Free Report) are both small-cap medical companies, but which is the superior stock? We will compare the two businesses based on the strength of their institutional ownership, risk, earnings, dividends, valuation, profitability and analyst recommendations.
Analyst Recommendations
This is a summary of current ratings and recommmendations for Elutia and Tenaya Therapeutics, as provided by MarketBeat.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Elutia | 0 | 0 | 2 | 0 | 3.00 |
| Tenaya Therapeutics | 0 | 0 | 5 | 0 | 3.00 |
Elutia presently has a consensus target price of $6.00, suggesting a potential upside of 275.00%. Tenaya Therapeutics has a consensus target price of $18.00, suggesting a potential upside of 857.45%. Given Tenaya Therapeutics’ higher possible upside, analysts clearly believe Tenaya Therapeutics is more favorable than Elutia.
Valuation and Earnings
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| Elutia | $50.80 million | 0.51 | -$32.90 million | ($2.09) | -0.77 |
| Tenaya Therapeutics | N/A | N/A | -$123.67 million | ($1.88) | -1.00 |
Elutia has higher revenue and earnings than Tenaya Therapeutics. Tenaya Therapeutics is trading at a lower price-to-earnings ratio than Elutia, indicating that it is currently the more affordable of the two stocks.
Insider & Institutional Ownership
18.5% of Elutia shares are held by institutional investors. Comparatively, 70.2% of Tenaya Therapeutics shares are held by institutional investors. 37.1% of Elutia shares are held by insiders. Comparatively, 33.8% of Tenaya Therapeutics shares are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.
Profitability
This table compares Elutia and Tenaya Therapeutics’ net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| Elutia | -80.17% | N/A | -55.09% |
| Tenaya Therapeutics | N/A | -62.76% | -54.42% |
Volatility and Risk
Elutia has a beta of -0.02, indicating that its share price is 102% less volatile than the S&P 500. Comparatively, Tenaya Therapeutics has a beta of 2.29, indicating that its share price is 129% more volatile than the S&P 500.
Summary
Tenaya Therapeutics beats Elutia on 7 of the 12 factors compared between the two stocks.
About Elutia
Elutia Inc., a commercial-stage company, engages in developing and commercializing drug-eluting biomatrix technology to enhance surgical outcomes. It offers CanGaroo Envelope, which is used for the stabilization of implantable cardiac devices, such as pacemakers and defibrillators. The company also engages in the development of CanGaroo RM for delivery directly to the surgical site. In addition, it offers SimpliDerm Acellular Dermal Matrix used primarily in breast reconstruction following mastectomy. The company was formerly known as Aziyo Biologics, Inc. and changed its name to Elutia Inc. in September 2023. Elutia Inc. was incorporated in 2015 and is headquartered in Silver Spring, Maryland.
About Tenaya Therapeutics
Tenaya Therapeutics, Inc., a biotechnology company, discovers, develops, and delivers therapies for heart disease in the United States. It develops its products through cellular regeneration, gene therapy, and precision medicine platforms. The company is developing TN-201, a gene therapy for myosin binding protein C3-associated hypertrophic cardiomyopathy; TN-301, a small molecule for heart failure with preserved ejection fraction; and TN-401, a gene therapy for plakophilin 2-associated arrhythmogenic right ventricular cardiomyopathy. It also develops an adeno-associated virus-based gene therapy designed to deliver the dwarf open reading frame gene in the heart for dilated cardiomyopathy; and reprogramming program for cardiac regeneration to replace heart cells lost in patients experiencing heart failure due to prior myocardial infarction. The company was incorporated in 2016 and is headquartered in South San Francisco, California.
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