GNNDY - Sonova Seeing The Rewards For Better Performance And Market Growth Opportunities
2024-07-11 09:59:29 ET
Summary
- Sonova's shares have climbed almost 30% since the fall of 2023, outperforming the broader medical device space on respectable execution and mid-single-digit organic growth.
- Recent share trends at the VA are modestly concerning, as Sonova has lost some share to rivals with newer product offerings and likely won't respond until the late fall.
- Getting back into Costco would help regain some lost market share and offset some near-term macroeconomic challenges in Western markets.
- Sonova looks fairly valued today.
Between a better environment for medical device stocks in general and better specific performance from Sonova ( SONVY ) ( SONVF ) (SOON.SW), shares of this leading hearing aid company have done pretty well since my last update – climbing almost 30% and outperforming the broader medical device space, as well as Demant ( WILYY ) and Amplifon , but while underperforming the nearly 60% move from GN Store Nord (GNNDY)....
Sonova Seeing The Rewards For Better Performance And Market Growth Opportunities