Second Sight Medical Products (NASDAQ:EYES) and Its Competitors Financial Analysis

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

Analyst Ratings

This is a summary of current recommendations for Second Sight Medical Products and its peers, as reported by MarketBeat.

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 126 738 1041 10 2.49

Second Sight Medical Products currently has a consensus target price of $5.00, suggesting a potential upside of 147.52%. As a group, “Medical Devices & Implants” companies have a potential upside of 40.41%. Given Second Sight Medical Products’ stronger consensus rating and higher possible upside, equities research analysts plainly believe Second Sight Medical Products is more favorable than its peers.

Insider & Institutional Ownership

12.7% of Second Sight Medical Products shares are owned by institutional investors. Comparatively, 54.4% of shares of all “Medical Devices & Implants” companies are owned by institutional investors. 34.7% of Second Sight Medical Products shares are owned by insiders. Comparatively, 10.3% of shares of all “Medical Devices & Implants” companies are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.

Risk & Volatility

Second Sight Medical Products has a beta of 3.71, suggesting that its stock price is 271% more volatile than the S&P 500. Comparatively, Second Sight Medical Products’ peers have a beta of 0.79, suggesting that their average stock price is 22% less volatile than the S&P 500.

Profitability

This table compares Second Sight Medical Products and its peers’ 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 -100.14% -92.44% -29.75%

Valuation & Earnings

This table compares Second Sight Medical Products and its peers gross revenue, earnings per share (EPS) and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Second Sight Medical Products $3.98 million -$33.17 million -3.01
Second Sight Medical Products Competitors $1.67 billion $207.76 million 56.75

Second Sight Medical Products’ peers 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 peers, indicating that it is currently more affordable than other companies in its industry.

Summary

Second Sight Medical Products peers beat Second Sight Medical Products on 8 of the 13 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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