Envoy Medical (COCH) versus The Competition Critical Review

Envoy Medical (NASDAQ:COCH) is one of 51 publicly-traded companies in the “Surgical appliances & supplies” industry, but how does it weigh in compared to its competitors? We will compare Envoy Medical to related companies based on the strength of its earnings, valuation, analyst recommendations, risk, institutional ownership, profitability and dividends.

Earnings & Valuation

This table compares Envoy Medical and its competitors gross revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Envoy Medical	$225,000.00	-$29.91 million	-0.95
Envoy Medical Competitors	$1.41 billion	$234.66 million	19.80

Envoy Medical’s competitors have higher revenue and earnings than Envoy Medical. Envoy Medical is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.

Volatility & Risk

Envoy Medical has a beta of 2.35, suggesting that its stock price is 135% more volatile than the S&P 500. Comparatively, Envoy Medical’s competitors have a beta of 1.28, suggesting that their average stock price is 28% more volatile than the S&P 500.

Insider and Institutional Ownership

8.6% of Envoy Medical shares are held by institutional investors. Comparatively, 45.5% of shares of all “Surgical appliances & supplies” companies are held by institutional investors. 60.5% of Envoy Medical shares are held by insiders. Comparatively, 10.2% of shares of all “Surgical appliances & supplies” companies are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.

Profitability

This table compares Envoy Medical and its competitors’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Envoy Medical	-7,607.55%	N/A	-262.28%
Envoy Medical Competitors	-169.94%	-74.14%	-20.85%

Analyst Recommendations

This is a breakdown of current recommendations for Envoy Medical and its competitors, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Envoy Medical	0	0	2	0	3.00
Envoy Medical Competitors	401	1407	2531	116	2.53

Envoy Medical currently has a consensus target price of $9.00, indicating a potential upside of 571.64%. As a group, “Surgical appliances & supplies” companies have a potential upside of 34.94%. Given Envoy Medical’s stronger consensus rating and higher probable upside, equities research analysts plainly believe Envoy Medical is more favorable than its competitors.

Summary

Envoy Medical competitors beat Envoy Medical on 7 of the 13 factors compared.

Envoy Medical Company Profile

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.