Financial Comparison: Biodesix (NASDAQ:BDSX) & Enzo Biochem (NYSE:ENZ)

Enzo Biochem (NYSE:ENZ) and Biodesix (NASDAQ:BDSX) are both small-cap medical companies, but which is the superior investment? We will contrast the two companies based on the strength of their earnings, dividends, profitability, institutional ownership, analyst recommendations, risk and valuation.

Volatility and Risk

Enzo Biochem has a beta of 0.75, indicating that its share price is 25% less volatile than the S&P 500. Comparatively, Biodesix has a beta of 1.13, indicating that its share price is 13% more volatile than the S&P 500.

Insider & Institutional Ownership

36.9% of Enzo Biochem shares are held by institutional investors. Comparatively, 21.0% of Biodesix shares are held by institutional investors. 15.5% of Enzo Biochem shares are held by insiders. Comparatively, 63.8% of Biodesix shares are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock is poised for long-term growth.

Analyst Recommendations

This is a breakdown of current ratings and price targets for Enzo Biochem and Biodesix, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Enzo Biochem	0	0	0	0	N/A
Biodesix	0	0	3	0	3.00

Biodesix has a consensus price target of $3.50, suggesting a potential upside of 177.78%. Given Biodesix’s higher probable upside, analysts clearly believe Biodesix is more favorable than Enzo Biochem.

Profitability

This table compares Enzo Biochem and Biodesix’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Enzo Biochem	99.28%	-36.71%	-22.29%
Biodesix	-106.23%	-29,379.44%	-58.96%

Earnings & Valuation

This table compares Enzo Biochem and Biodesix’s gross revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Enzo Biochem	$31.06 million	1.78	$20.29 million	N/A	N/A
Biodesix	$49.09 million	2.49	-$52.15 million	($0.65)	-1.94

Enzo Biochem has higher earnings, but lower revenue than Biodesix.

Summary

Biodesix beats Enzo Biochem on 6 of the 11 factors compared between the two stocks.

About Enzo Biochem

Enzo Biochem, Inc. develops, manufactures, and markets products and tools for clinical research, translational research, drug development, and bioscience research customers worldwide. The company offers proteins, antibodies, peptides, small molecules, labeling probes, dyes, and kits, which provide life science researchers tools for target identification/validation, content analysis, gene expression analysis, nucleic acid detection, protein biochemistry and detection, and cellular analysis. It also provides AMPIVIEW in situ hybridization probes for enhanced detection of low expressed targets useful in the growing spatial biology space; reagents and assays for cell and gene therapy research and development; POLYVIEW PLUS Enhanced Immunohistochemistry platform, offers solutions within the area of anatomical pathology through optimized assays; Enhanced Immunoassays, pushing sensitivity to expand immunoassay applications for basic research, bioprocess, and diagnostics; AMPIPROBE, a nucleic acid amplification platform; and Axxora.com, a proven distribution platform for original manufacturers of innovative research reagents. The company's proprietary products and technologies in translational research and drug development areas, including cell biology, genomics, assays, immunohistochemistry, and small molecule chemistry. It markets its products and services through its direct sales force and a network of distributors. The company was incorporated in 1976 and is headquartered in Farmingdale, New York.

About Biodesix

Biodesix, Inc. operates as a data-driven diagnostic solutions company in the United States. The company offers blood-based lung tests, including Nodify XL2 and Nodify CDT tests, together marketed as part of Nodify Lung Nodule Risk Assessment testing strategy, to assess the risk of lung cancer and help in identifying the appropriate treatment pathway and help physicians in reclassifying risk of malignancy in patients with suspicious lung nodules. It also provides GeneStrat ddPCR and NGS, and VeriStrat tests, which are used in the diagnosis of lung cancer to measure the presence of mutations in the tumor and the state of the patient's immune system to establish the patient's prognosis and help guide treatment decisions. In addition, the company, through its partnership with Bio-Rad Laboratories, Inc., provides Bio-Rad SARS-CoV-2 ddPCR, a COVID-19 Test under Biodesix WorkSafe testing program; and Platelia SARS-CoV-2 Total Ab test, an antibody test for detecting a B-cell immune response to SARS-CoV-2 that indicate recent or prior infection. Further, it offers diagnostic and clinical research, as well as clinical trial testing services to biopharmaceutical companies; and discovers, develops, and commercializes companion diagnostics. The company was formerly known as Elston Technologies, Inc. and as changed to Biodesix, Inc. in 2006. Biodesix, Inc. was incorporated in 2005 and is headquartered in Louisville, Colorado.