We recently compiled a list of the 7 Best Under The Radar Stocks to Buy According to Analysts. In this article, we are going to take a look at where Sensus Healthcare (NASDAQ:SRTS) stands against the other under the radar stocks.
The Need to Address the National Debt, Deficit, and Tariffs
Billionaire investor and entrepreneur Mark Cuban recently shared his thoughts on the current state of the economy, politics, and the upcoming presidential election. In his interview on CNBC on September 26, Cuban expressed his concerns about the national debt and deficit, stating that neither candidate addressed these critical issues. He believes the country needs to come together and find a solution to reduce the deficit rather than engaging in a “competition” to see who can give away more. Cuban suggested that taxing stock buybacks could be a way to generate revenue, reduce the deficit, and change corporate behavior. He believes that the country needs a leader who can bring people together and find solutions to the problems facing the nation. Cuban also expressed his concerns about the impact of tariffs on the economy, citing the example of Intel and TSMC, which are already producing high-tech chips. He believes that the government needs to find ways to support American companies and create jobs rather than relying on tariffs.
Cuban noted that there has not been a boom in the manufacturing industry; the government’s policies, such as the I.R.A. (Inflation Reduction Act), have contributed to the manufacturing industry. However, 75% of manufacturing companies have fewer than 20 employees, and the government needs to find ways to support these small businesses. Cuban also mentioned that some people believe that the government should not have a steel policy, while others argue that it is necessary. Cuban believes that the world has changed and the United States needs to invest in AI to maintain its military dominance and competitiveness. He emphasized that whoever wins in AI will have the best military and that the country cannot afford to lose this battle.
Cuban believes that the government should not impose price controls, as it can have unintended consequences, the free market can take care of itself, and that the government should not intervene unless necessary.
Mark Cuban’s insights highlight the need to address critical issues such as the national debt, deficit, and the impact of tariffs on the economy.
Our Methodology
To compile our list of the 7 best under the radar stocks to buy according to analysts, we sifted through internet rankings to find 30 under the radar stocks. From that list, we narrowed our choices to the 7 stocks that analysts see the most upside to. The list is sorted in ascending order of analysts’ average upside potential, as of October 2. We also added the number of hedge fund holding stocks in these companies, which was taken from our database of 912 elite hedge funds as of Q2 of 2024. The list is sorted in ascending order of their average upside potential as of October 2.
Why do we care about what hedge funds do? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
A medical technician in a lab coat overseeing a radiation therapy device.
Sensus Healthcare (NASDAQ:SRTS)
Upside Potential: 48.91%
Number of Hedge Fund Investors: 7
Sensus Healthcare (NASDAQ:SRTS) is a medical device company that provides non-invasive treatments for skin cancer and other skin conditions. The company’s products offer a non-surgical alternative to traditional treatments.
Sensus Healthcare’s (NASDAQ:SRTS) SRT-100+ is a compact and easy-to-use state-of-the-art system that uses Superficial Radiotherapy (SRT) to treat non-melanoma skin cancer and keloids. This provides a non-invasive, outpatient treatment option with a 30”x30” footprint and delivers a precise and calibrated dose of SRT that penetrates only five millimeters below the skin’s surface. This safe and effective treatment destroys malignant skin cancer cells while preserving healthy tissue, making it an ideal solution for basal cell carcinoma treatment and squamous cell carcinoma treatment,
In Q2, Sensus Healthcare’s (NASDAQ:SRTS) revenue increased 104% compared to the same period last year, driven by the increasing demand for the company’s SRT systems. Net income increased to $1.6 million, compared to a net loss of $400,000. Whereas the company’s adjusted EBITDA was $2.1 million, compared to a negative $1.0 million in the same period last year. The company has no debt, which reduces its financial risk and provides it with the flexibility to invest in its business.
The company’s “Fair Deal Agreement” program, which was launched in March, is gaining momentum, with 15 agreements signed to date. This program provides a recurring revenue stream for the company as customers commit to purchasing SRT systems and services over a period of time.
Sensus Healthcare (NASDAQ:SRTS) is also expanding its international presence, with a focus on Asia. The company shipped two units to China and one to Taiwan in Q2 and is working to establish distribution in South Korea and Japan. This expansion will help to drive revenue growth and increase the company’s global market share.
The demand for SRT systems is increasing, driven by the growing need for effective treatments for non-melanoma skin cancer and keloids. Sensus Healthcare’s (NASDAQ:SRTS) is well-positioned to capitalize on this trend, the company also has a competitive advantage in the market as its SRT systems being highly effective and cost-effective.
Industry analysts have a consensus on the stock’s Buy rating, setting an average share price target at $10.67, which represents a 48.91% upside potential from its current levels. As of the second quarter, Sensus Healthcare’s (NASDAQ:SRTS) stock is held by 7 hedge funds, with a total stake valued at $3.94 million.
Overall SRTS ranks 2nd on our list of the under the radar stocks to buy. While we acknowledge the potential of SRTS as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than SRTS but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.