Critical Contrast: Second Sight Medical Products (EYES) and Its Competitors

Second Sight Medical Products (NASDAQ: EYES) is one of 19 public companies in the “Medical Devices & Implants” industry, but how does it compare to its rivals? We will compare Second Sight Medical Products to related companies based on the strength of its profitability, analyst recommendations, institutional ownership, valuation, risk, dividends and earnings.

Earnings & Valuation

This table compares Second Sight Medical Products and its rivals top-line revenue, earnings per share and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Second Sight Medical Products $3.98 million -$33.17 million -2.61
Second Sight Medical Products Competitors $1.67 billion $207.58 million 88.00

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

Insider & Institutional Ownership

12.8% of Second Sight Medical Products shares are held by institutional investors. Comparatively, 54.8% of shares of all “Medical Devices & Implants” companies are held by institutional investors. 50.9% of Second Sight Medical Products shares are held by insiders. Comparatively, 11.9% of shares of all “Medical Devices & Implants” companies are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.

Risk and Volatility

Second Sight Medical Products has a beta of 3.67, indicating that its stock price is 267% more volatile than the S&P 500. Comparatively, Second Sight Medical Products’ rivals have a beta of 0.95, indicating that their average stock price is 6% less volatile than the S&P 500.

Profitability

This table compares Second Sight Medical Products and its rivals’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Second Sight Medical Products -565.12% -184.87% -137.77%
Second Sight Medical Products Competitors -101.23% -92.70% -30.32%

Analyst Ratings

This is a breakdown of current recommendations for Second Sight Medical Products and its rivals, as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Second Sight Medical Products 0 0 1 0 3.00
Second Sight Medical Products Competitors 111 728 1026 10 2.50

Second Sight Medical Products currently has a consensus target price of $5.00, indicating a potential upside of 199.40%. As a group, “Medical Devices & Implants” companies have a potential upside of 35.47%. Given Second Sight Medical Products’ stronger consensus rating and higher probable upside, analysts clearly believe Second Sight Medical Products is more favorable than its rivals.

Summary

Second Sight Medical Products rivals beat Second Sight Medical Products on 7 of the 12 factors compared.

About Second Sight Medical Products

Second Sight Medical Products, Inc. is engaged in developing, manufacturing and marketing prosthetic devices that restore vision to blind individuals. The Company’s product, the Argus II System, treats outer retinal degenerations, such as retinitis pigmentosa (RP). The Argus II System provides an artificial form of vision that differs from the vision of people with normal sight. It does not restore normal vision and it does not slow or reverse the progression of the disease. The Company’s Argus II System employs electrical stimulation to bypass degenerated photoreceptor cells and to stimulate remaining viable retinal cells thereby inducing visual perception in blind individuals. The Argus II System works by converting video images captured by a miniature camera housed in a patient’s glasses into a series of small electrical pulses that are transmitted wirelessly to an array of electrodes that are implanted on the surface of the retina.

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