Low float medical tech stock

Screening Filters

1. 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.

2. 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”).

3. 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.

4. 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.

5. 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.

6. 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.

7. 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.

8. 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.”