Financial Analysis: Obalon Therptcs (OBLN) and Its Competitors
Obalon Therptcs (NASDAQ: OBLN) is one of 19 public companies in the “Medical Devices & Implants” industry, but how does it contrast to its competitors? We will compare Obalon Therptcs to similar companies based on the strength of its earnings, analyst recommendations, dividends, risk, profitability, institutional ownership and valuation.
Insider and Institutional Ownership
43.8% of Obalon Therptcs shares are held by institutional investors. Comparatively, 57.4% of shares of all “Medical Devices & Implants” companies are held by institutional investors. 16.4% of Obalon Therptcs shares are held by insiders. Comparatively, 9.7% 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 is poised for long-term growth.
This is a breakdown of current ratings and price targets for Obalon Therptcs and its competitors, as reported by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Obalon Therptcs Competitors||109||727||1024||10||2.50|
Obalon Therptcs presently has a consensus target price of $12.00, suggesting a potential upside of 49.44%. As a group, “Medical Devices & Implants” companies have a potential upside of 36.37%. Given Obalon Therptcs’ higher possible upside, analysts clearly believe Obalon Therptcs is more favorable than its competitors.
This table compares Obalon Therptcs and its competitors’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Obalon Therptcs Competitors||-101.23%||-92.70%||-30.32%|
Earnings and Valuation
This table compares Obalon Therptcs and its competitors revenue, earnings per share and valuation.
|Gross Revenue||NetIncome||Price/Earnings Ratio|
|Obalon Therptcs||$3.39 million||-$20.46 million||-4.16|
|Obalon Therptcs Competitors||$1.67 billion||$207.58 million||81.52|
Obalon Therptcs’ competitors have higher revenue and earnings than Obalon Therptcs. Obalon Therptcs 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.
Obalon Therptcs competitors beat Obalon Therptcs on 7 of the 11 factors compared.
Obalon Therptcs Company Profile
Obalon Therapeutics, Inc. is a United States-based commercial-stage medical device company focused on developing and commercializing medical devices to treat obese and overweight people by facilitating weight loss. The Company’s product, Obalon balloon system, is a swallowable, gas-filled intragastric balloon designed to provide weight loss in obese patients. The Obalon balloon system is intended to be used as an adjunct to a moderate intensity diet and behavior modification program. All balloons must be removed six months after the first balloon is placed. The Obalon balloon system intends to provide patients and physicians with a reversible and repeatable weight loss solution in an outpatient setting, without altering patient anatomy or requiring surgery. The Company has received Premarket approval (PMA) for its Obalon balloon system based on the results of its United States pivotal clinical trial, referred to as the SMART trial.
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