Financial Analysis: Aclarion (NASDAQ:ACON) versus MDxHealth (NASDAQ:MDXH)

Aclarion (NASDAQ:ACON) and MDxHealth (NASDAQ:MDXH) are both small-cap medical companies, but which is the superior business? We will compare the two businesses based on the strength of their earnings, dividends, risk, institutional ownership, profitability, analyst recommendations and valuation.

Volatility & Risk

Aclarion has a beta of 0.43, indicating that its share price is 57% less volatile than the S&P 500. Comparatively, MDxHealth has a beta of 1.44, indicating that its share price is 44% more volatile than the S&P 500.

Analyst Ratings

This is a summary of recent recommendations and price targets for Aclarion and MDxHealth, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Aclarion	0	0	1	0	3.00
MDxHealth	0	0	3	0	3.00

Aclarion presently has a consensus target price of $1.50, suggesting a potential upside of 756.65%. MDxHealth has a consensus target price of $7.50, suggesting a potential upside of 274.06%. Given Aclarion’s higher possible upside, equities research analysts plainly believe Aclarion is more favorable than MDxHealth.

Valuation and Earnings

This table compares Aclarion and MDxHealth”s revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Aclarion	$53,947.00	26.63	-$4.91 million	N/A	N/A
MDxHealth	$80.74 million	0.04	-$43.10 million	N/A	N/A

Aclarion has higher earnings, but lower revenue than MDxHealth.

Profitability

This table compares Aclarion and MDxHealth’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Aclarion	-10,967.15%	-910.84%	-218.13%
MDxHealth	-50.54%	-987.86%	-29.15%

Insider and Institutional Ownership

7.5% of Aclarion shares are held by institutional investors. 22.3% of Aclarion shares are held by insiders. Comparatively, 1.7% of MDxHealth shares are held 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.

Summary

Aclarion beats MDxHealth on 6 of the 11 factors compared between the two stocks.

About Aclarion

Aclarion, Inc., a healthcare technology company, leverages for Magnetic Resonance Spectroscopy (MRS) in the United States. It develops NOCISCAN Post-Processor suite of software applications comprising NOCICALC that receives the raw un-processed NOCISCAN MRS exam data and post-processes that raw data into final spectra and performs various degenerative pain biomarker; and NOCIGRAM, a clinical decision support software. The company was formerly known as Nocimed, Inc. and changed its name to Aclarion, Inc. in December 2021. Aclarion, Inc. was incorporated in 2008 and is based in Broomfield, Colorado.

About MDxHealth

MDxHealth SA, a commercial-stage precision diagnostics company, provides urologic solutions in the United States, Europe, and internationally. Its testing solutions includes Select mdx, a non-invasive urine test for prostate cancer that measures the expression of two mRNA cancer-related biomarkers; Confirm mdx for prostate cancer tissue test that validates epigenetic test that guides the detection of occult prostate cancer on a patient's previously biopsied negative tissue; and Resolved mdx for urinary tract infection that identifies personalized effective antibiotic options against the patient's infection. The company offers genomic prostate score which provides personalized genomic insights to both physicians and patients navigating the complexities of prostate cancer diagnosis and treatment. It sells its products through urology sales force, consisting of direct sales representatives, strategic account managers, and regional sales managers. The company was formerly known as OncoMethylome Sciences SA and changed its name to MDxHealth SA in October 2010. MDxHealth SA was incorporated in 2003 and is headquartered in Herstal, Belgium.