Critical Analysis: Assure (NASDAQ:IONM) versus Modular Medical (NASDAQ:MODD)

Modular Medical (NASDAQ:MODD) and Assure (NASDAQ:IONM) are both small-cap medical companies, but which is the better investment? We will contrast the two businesses based on the strength of their profitability, valuation, dividends, institutional ownership, risk, earnings and analyst recommendations.

Valuation and Earnings

This table compares Modular Medical and Assure”s revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Modular Medical	N/A	N/A	-$17.47 million	($0.63)	-1.92
Assure	$250,000.00	0.13	-$26.08 million	N/A	N/A

Modular Medical has higher earnings, but lower revenue than Assure.

Analyst Recommendations

This is a summary of current ratings for Modular Medical and Assure, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Modular Medical	0	0	1	0	3.00
Assure	0	0	0	0	0.00

Modular Medical presently has a consensus target price of $5.00, indicating a potential upside of 313.22%. Given Modular Medical’s stronger consensus rating and higher possible upside, equities analysts plainly believe Modular Medical is more favorable than Assure.

Insider and Institutional Ownership

27.5% of Modular Medical shares are owned by institutional investors. Comparatively, 3.3% of Assure shares are owned by institutional investors. 32.3% of Modular Medical shares are owned by insiders. Comparatively, 3.8% of Assure shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.

Risk & Volatility

Modular Medical has a beta of 0.52, meaning that its stock price is 48% less volatile than the S&P 500. Comparatively, Assure has a beta of 1.91, meaning that its stock price is 91% more volatile than the S&P 500.

Profitability

This table compares Modular Medical and Assure’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Modular Medical	N/A	-246.01%	-191.95%
Assure	-25,178.32%	N/A	-249.78%

Summary

Modular Medical beats Assure on 8 of the 11 factors compared between the two stocks.

About Modular Medical

Modular Medical, Inc. operates as a medical device company. It focuses on the design, development, and commercialization of insulin pumps. It offers MODD1, a two-part patch pump for type-1 and type-2 diabetes. The company is headquartered in San Diego, California.

About Assure

Assure Holdings Corp., through its subsidiaries, provides technical and professional intraoperative neuromonitoring surgical support services in the United States. It offers services in the areas of neurosurgery, spine, cardiovascular, orthopedic, ear, nose, throat, and other surgical procedures. The company delivers various clinical and operational services, including scheduling of the interoperative neurophysiologist and supervising practitioner, real time monitoring, patient advocacy, and billing services to support surgeons and medical facilities during invasive procedures. Assure Holdings Corp. is based in Englewood, Colorado.