Screening Filters
Market Cap: 50M – 5B USD
- Purpose: Focus on small- to mid-cap companies.
- Rationale:
- Many “medical technology” names with low float tend to be in the smaller-cap space (early-stage device, diagnostics, or health-tech firms).
- Capping market cap at 5B avoids very large, established med-tech companies (e.g., mega-cap device makers) that usually have large floats, which would conflict with the “low float” requirement.
- Setting a minimum of 50M avoids ultra-tiny microcaps that can be extremely illiquid or distressed.
Price: 1 – 50 USD per share
- Purpose: Keep to reasonably priced stocks and avoid extremes.
- Rationale:
- Many low-float, early-stage medical technology stocks will often trade in this range rather than at very high prices.
- Excluding sub-$1 stocks filters out many distressed/penny stocks that are often at risk of delisting.
- Excluding very high-priced shares avoids names that are often more mature and heavily owned (and thus typically not “low float”).
Floating Shares: max 20,000,000
- Purpose: Enforce the “low float” portion of your request.
- Rationale:
- Float is the number of shares available to trade; a cap of 20M is a common cutoff used by traders to define low-float stocks.
- This directly targets stocks where relatively small buying/selling pressure can move the price more dramatically—characteristic of low-float names.
Monthly Average Dollar Volume: min 300,000 USD
- Purpose: Ensure minimum liquidity.
- Rationale:
- Low-float stocks can be dangerously illiquid; this filter removes the most thinly traded names where entering/exiting positions is difficult.
- A $300k+ average monthly dollar volume is a basic threshold to find stocks that trade enough for most individual investors to participate.
Beta: ModerateRisk, HighRisk, LowRisk, NegativeBeta
- Purpose: Include stocks across the risk spectrum, not just one volatility profile.
- Rationale:
- Low-float med-tech can be volatile; restricting beta too tightly might exclude many relevant names.
- Allowing all beta categories (including negative) ensures the scan doesn’t unintentionally filter out medical technology stocks just because they behave differently than the market.
Sector: Healthcare; Healthcare Services & Equipment; Pharmaceuticals & Medical Research
- Purpose: Capture “medical technology” companies via industry classification.
- Rationale:
- “Medical technology” is typically represented within Healthcare and related sub-sectors: medical devices, diagnostics, health equipment, and sometimes research-oriented pharma/biotech with strong technology components.
- Including Healthcare Services & Equipment and Pharmaceuticals & Medical Research broadens coverage to catch med-tech device makers, diagnostic tech, and other tech-driven healthcare firms.
Region: United States
- Purpose: Limit to U.S.-based companies.
- Rationale:
- U.S. markets have a large and well-tracked universe of listed med-tech and biotech names.
- Regulatory frameworks (FDA, etc.) and reporting standards are consistent, making comparability easier.
- Many low-float medical technology stocks are U.S.-listed, so this is a practical and common universe to screen.
List Exchange: XNYS, XNAS, XASE (NYSE, NASDAQ, NYSE American)
- Purpose: Restrict to major U.S. exchanges.
- Rationale:
- Most credible, tradeable low-float medical technology stocks list on these exchanges.
- Excludes OTC/pink sheet names, which are often extremely risky, illiquid, or non-compliant.
- Ensures better transparency, disclosure, and execution quality.
Why Results Match Your Request
- The sector filters directly target companies in healthcare/medical-related industries, which is where medical technology firms reside.
- The floating shares cap explicitly implements the “low float” requirement.
- The market cap and price filters help focus on the typical size and price range where low-float med-tech names tend to be found, while avoiding the most distressed or over-mature segments.
- The liquidity filter (monthly dollar volume) ensures that, even within low-float med-tech, you’re seeing stocks that trade enough to be realistically investable.
- The U.S. region and major exchange filters narrow the universe to transparent, regulated markets where many medical technology stocks are listed.
Together, these filters are designed to surface U.S.-listed, healthcare/medical-technology-related stocks with genuinely low float and adequate liquidity, aligning closely with your request for “low float medical technology stocks.”
This list is generated based on data from one or more third party data providers. It is provided for informational purposes only by Intellectia.AI, and is not investment advice or a recommendation. Intellectia does not make any warranty or guarantee relating to the accuracy, timeliness or completeness of any third-party information, and the provision of this information does not constitute a recommendation.