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SANUWAVE Health, Inc.NasdaqGM:SNWV Stock Report

Market Cap US$128.2m
Share Price
US$14.91
US$43.5
65.7% undervalued intrinsic discount
1Y-49.8%
7D1.0%
1D
Portfolio Value
View

SANUWAVE Health, Inc.

NasdaqGM:SNWV Stock Report

Market Cap: US$128.2m

SANUWAVE Health (SNWV) Stock Overview

Operates as a medical device company in the United States and internationally. More details

SNWV fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance2/6
Financial Health4/6
Dividends0/6

SNWV Community Fair Values

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SANUWAVE Health, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for SANUWAVE Health
Historical stock prices
Current Share PriceUS$14.91
52 Week HighUS$46.59
52 Week LowUS$14.11
Beta1.34
1 Month Change-11.51%
3 Month Change-32.82%
1 Year Change-49.80%
3 Year Change98.80%
5 Year Change-78.62%
Change since IPO-99.24%

Recent News & Updates

Analysis Article May 21

Shareholders Shouldn’t Be Too Comfortable With SANUWAVE Health's (NASDAQ:SNWV) Strong Earnings

After announcing healthy earnings, SANUWAVE Health, Inc.'s ( NASDAQ:SNWV ) stock rose over the last week. Despite the...
Narrative Update May 10

SNWV: Future Upside Will Hinge On Executing 2026 Revenue Plans

Analysts have reduced their price target on SANUWAVE Health by $6 to $43.50, citing updated assumptions around discount rates and future P/E multiples as the key drivers of the change. Analyst Commentary Bullish Takeaways Bullish analysts view the revised price target of $43.50 as still implying meaningful upside from current levels, suggesting the stock screens attractively under their updated P/E framework.
Narrative Update Apr 25

SNWV: Future Earnings Power Will Depend On Delivering 2026 Revenue Guidance

Analysts have reduced their price target on SANUWAVE Health by $6 to reflect updated assumptions around discount rate, revenue growth, profit margin and forward P/E. This Narrative Update explains what that change may mean for your thesis on the stock.
Narrative Update Apr 11

SNWV: Future Earnings Power Will Depend On Executing Against 2026 Revenue Guidance

Analysts cut their price target on SANUWAVE Health by $6 to reflect updated expectations for revenue growth and profit margins, as well as a higher future P/E multiple. This has led to a revised view of the company’s risk and reward profile.
Narrative Update Mar 28

SNWV: Future Earnings Power Will Drive Optimistic View Despite Reset Expectations

Analysts have reduced their price target on SANUWAVE Health from about $55 to about $43.50, citing updated assumptions for revenue growth, profit margins, discount rate, and future price-to-earnings (P/E) expectations. Analyst Commentary Bullish Takeaways Bullish analysts view the new US$43.50 price target as still allowing upside if the company executes on its revenue growth assumptions and maintains the projected profit margin profile.

Recent updates

Analysis Article May 21

Shareholders Shouldn’t Be Too Comfortable With SANUWAVE Health's (NASDAQ:SNWV) Strong Earnings

After announcing healthy earnings, SANUWAVE Health, Inc.'s ( NASDAQ:SNWV ) stock rose over the last week. Despite the...
Narrative Update May 10

SNWV: Future Upside Will Hinge On Executing 2026 Revenue Plans

Analysts have reduced their price target on SANUWAVE Health by $6 to $43.50, citing updated assumptions around discount rates and future P/E multiples as the key drivers of the change. Analyst Commentary Bullish Takeaways Bullish analysts view the revised price target of $43.50 as still implying meaningful upside from current levels, suggesting the stock screens attractively under their updated P/E framework.
Narrative Update Apr 25

SNWV: Future Earnings Power Will Depend On Delivering 2026 Revenue Guidance

Analysts have reduced their price target on SANUWAVE Health by $6 to reflect updated assumptions around discount rate, revenue growth, profit margin and forward P/E. This Narrative Update explains what that change may mean for your thesis on the stock.
Narrative Update Apr 11

SNWV: Future Earnings Power Will Depend On Executing Against 2026 Revenue Guidance

Analysts cut their price target on SANUWAVE Health by $6 to reflect updated expectations for revenue growth and profit margins, as well as a higher future P/E multiple. This has led to a revised view of the company’s risk and reward profile.
Narrative Update Mar 28

SNWV: Future Earnings Power Will Drive Optimistic View Despite Reset Expectations

Analysts have reduced their price target on SANUWAVE Health from about $55 to about $43.50, citing updated assumptions for revenue growth, profit margins, discount rate, and future price-to-earnings (P/E) expectations. Analyst Commentary Bullish Takeaways Bullish analysts view the new US$43.50 price target as still allowing upside if the company executes on its revenue growth assumptions and maintains the projected profit margin profile.
Analysis Article Oct 31

SANUWAVE Health, Inc. (NASDAQ:SNWV) Stocks Pounded By 25% But Not Lagging Industry On Growth Or Pricing

SANUWAVE Health, Inc. ( NASDAQ:SNWV ) shareholders that were waiting for something to happen have been dealt a blow...
Seeking Alpha Sep 15

Sanuwave: A Long-Term Compounder In Its Early Stages

Summary Sanuwave’s UltraMIST system is gaining significant traction for wound treatment, driven by its razor and razor blade business model. Q2 revenue grew 42% year over year, with full year guidance calling for 50% growth at the midpoint. Q2 gross margin was 78.3% and is expected to gradually increase in the coming quarters due to lower manufacturing costs. Following the anticipated refinancing of its high interest debt, the business should generate strong FCF. I find SNWV stock to be attractively valued at an EV/Revenuemultiple of just 7 and hence assign it a Buy rating. Read the full article on Seeking Alpha
Analysis Article Aug 28

Revenues Tell The Story For SANUWAVE Health, Inc. (NASDAQ:SNWV) As Its Stock Soars 28%

SANUWAVE Health, Inc. ( NASDAQ:SNWV ) shares have continued their recent momentum with a 28% gain in the last month...
Narrative Update Aug 15

Expanding Sales Force And Marketing Will Drive Wound Care Adoption

Analysts raised their price target for SANUWAVE Health from $49.00 to $54.00 following strong Q2 results, upward revisions to FY25 AEBITDA and continued revenue guidance confidence, reflecting increased conviction in profitability and growth. Analyst Commentary Bullish analysts cited strong Q2 results as a key driver for the price target increase.
User avatar
New Narrative Aug 03

Expanding Nursing Home And Long Term Care Will Create Opportunities

Expansion in healthcare networks and minimal market penetration enable strong long-term growth opportunities, driven by demographic trends and rising chronic wound cases.
Analysis Article Jun 20

Revenues Tell The Story For SANUWAVE Health, Inc. (NASDAQ:SNWV)

SANUWAVE Health, Inc.'s ( NASDAQ:SNWV ) price-to-sales (or "P/S") ratio of 7.8x may look like a poor investment...
Analysis Article Mar 07

Why We're Not Concerned About SANUWAVE Health, Inc.'s (NASDAQ:SNWV) Share Price

You may think that with a price-to-sales (or "P/S") ratio of 9.2x SANUWAVE Health, Inc. ( NASDAQ:SNWV ) is a stock to...

Shareholder Returns

SNWVUS Medical EquipmentUS Market
7D1.0%-0.5%0.9%
1Y-49.8%-20.1%24.5%

Return vs Industry: SNWV underperformed the US Medical Equipment industry which returned -20.2% over the past year.

Return vs Market: SNWV underperformed the US Market which returned 24.2% over the past year.

Price Volatility

Is SNWV's price volatile compared to industry and market?
SNWV volatility
SNWV Average Weekly Movement9.8%
Medical Equipment Industry Average Movement8.8%
Market Average Movement7.2%
10% most volatile stocks in US Market16.7%
10% least volatile stocks in US Market3.1%

Stable Share Price: SNWV has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: SNWV's weekly volatility (10%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
200455Morgan Franksanuwave.com

SANUWAVE Health, Inc. operates as a medical device company in the United States and internationally. It focuses on the commercialization of regenerative medicines through noninvasive ultrasound or shockwaves to produce a biological response promoting the repair and regeneration of tissue, musculoskeletal, and vascular structures. The company markets UltraMist system, a medical device that uses non-thermal ultrasound to treat tissues using a fluid mist to transmit energy in a non-contact and pain free way for use in the treatment of acute and chronic wounds.

SANUWAVE Health, Inc. Fundamentals Summary

How do SANUWAVE Health's earnings and revenue compare to its market cap?
SNWV fundamental statistics
Market capUS$128.21m
Earnings (TTM)US$16.49m
Revenue (TTM)US$44.34m
7.8x
P/E Ratio
2.9x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SNWV income statement (TTM)
RevenueUS$44.34m
Cost of RevenueUS$10.31m
Gross ProfitUS$34.03m
Other ExpensesUS$17.53m
EarningsUS$16.49m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)1.92
Gross Margin76.74%
Net Profit Margin37.20%
Debt/Equity Ratio1,119.2%

How did SNWV perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/14 01:10
End of Day Share Price 2026/06/12 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

SANUWAVE Health, Inc. is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Carl ByrnesNorthland Capital Markets
Kyle BauserRoth Capital Partners