Elutia (NASDAQ:ELUT) & Jushi (OTCMKTS:JUSHF) Financial Analysis
by Renee Jackson · The Cerbat GemJushi (OTCMKTS:JUSHF – Get Free Report) and Elutia (NASDAQ:ELUT – Get Free Report) are both small-cap healthcare companies, but which is the better business? We will contrast the two businesses based on the strength of their institutional ownership, analyst recommendations, dividends, earnings, profitability, risk and valuation.
Valuation & Earnings
This table compares Jushi and Elutia”s gross revenue, earnings per share (EPS) and valuation.
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| Jushi | $262.91 million | 0.32 | -$68.59 million | ($0.34) | -1.22 |
| Elutia | $12.29 million | 2.92 | $53.38 million | $0.95 | 0.85 |
Elutia has lower revenue, but higher earnings than Jushi. Jushi is trading at a lower price-to-earnings ratio than Elutia, indicating that it is currently the more affordable of the two stocks.
Analyst Recommendations
This is a summary of recent ratings for Jushi and Elutia, as reported by MarketBeat.com.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Jushi | 0 | 0 | 1 | 0 | 3.00 |
| Elutia | 1 | 0 | 0 | 0 | 1.00 |
Risk and Volatility
Jushi has a beta of -0.63, meaning that its stock price is 163% less volatile than the S&P 500. Comparatively, Elutia has a beta of 0.88, meaning that its stock price is 12% less volatile than the S&P 500.
Profitability
This table compares Jushi and Elutia’s net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| Jushi | -24.44% | N/A | -15.46% |
| Elutia | 426.93% | -407.37% | -47.08% |
Institutional and Insider Ownership
21.7% of Jushi shares are held by institutional investors. Comparatively, 74.0% of Elutia shares are held by institutional investors. 23.1% of Jushi shares are held by company insiders. Comparatively, 17.8% of Elutia shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.
Summary
Elutia beats Jushi on 7 of the 13 factors compared between the two stocks.
About Jushi
Jushi Holdings Inc., a vertically integrated cannabis company, engages in the cultivation, processing, retail, and distribution of cannabis for medical and adult-use markets. The company offers flower, extracts, concentrates, edibles, oil, pre-rolls, tinctures, capsules, softgels, cannabis-infused gummies and ultra-premium chocolate, and topicals products, as well as vaporization devices and cartridges under The Bank, The Lab, Nira+ Medicinals, Sèchè, Tasteology, and Hijinks brands. It is also involved in the bulk wholesale of refined cannabinoids and terpenes. In addition, the company operates medical cannabis dispensaries under the BEYOND/HELLO, Nature’s Remedy, and NuLeaf brands. It markets its products to local dispensaries and large multi-state operators. The company is headquartered in Boca Raton, Florida.
About Elutia
Elutia Inc., a commercial-stage company, develops and commercializes drug-eluting biologics products for neurostimulation, wound care, and breast reconstruction in the United States. The company operates in three segments: Device Protection; Women's Health; and Cardiovascular. It offers CanGaroo Envelope, which is used to accommodate cardiac implantable electronic devices, such as pacemakers and internal defibrillators. The company also develops CanGarooRM, a combination of the CanGaroo envelope with antibiotics, to reduce the risk of infection after surgical implantation of an electronic device. In addition, it provides ProxiCor for cardiac tissue repair and pericardial closure; Tyke, an extracellular material that is used in the repair of cardiac structures for neonate and infant patients; and VasCure, a patch material to repair or reconstruct the peripheral vasculature. Further, the company offers SimpliDerm, which uses human acellular dermal matrices for tissue repair and reconstruction in various applications, such as sports medicine, hernia repair, trauma reconstruction, and breast reconstruction surgeries following mastectomy. It serves hospitals and healthcare facilities through its direct sales force, independent sales agents, and distributors. The company was formerly known as Aziyo Biologics, Inc. and changed its name to Elutia Inc. in September 2023. Elutia Inc. was incorporated in 2015 and is headquartered in Silver Spring, Maryland.