Tearsheet

Sanara MedTech (SMTI)


Market Price (1/22/2026): $22.52 | Market Cap: $194.7 Mil
Sector: Health Care | Industry: Health Care Equipment

Sanara MedTech (SMTI)


Market Price (1/22/2026): $22.52
Market Cap: $194.7 Mil
Sector: Health Care
Industry: Health Care Equipment

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.


0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 31%
Weak multi-year price returns
2Y Excs Rtn is -85%, 3Y Excs Rtn is -121%
Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -6.8 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -6.7%
1 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -31%
  Expensive valuation multiples
P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 52x
2 Megatrend and thematic drivers
Megatrends include Aging Population & Chronic Disease, and Precision Medicine. Themes include Geriatric Care, Diabetes Management, Show more.
  Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -23%
3   Key risks
SMTI key risks include [1] its history of unprofitability and a significant debt load, Show more.
0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 31%
1 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -31%
2 Megatrend and thematic drivers
Megatrends include Aging Population & Chronic Disease, and Precision Medicine. Themes include Geriatric Care, Diabetes Management, Show more.
3 Weak multi-year price returns
2Y Excs Rtn is -85%, 3Y Excs Rtn is -121%
4 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -6.8 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -6.7%
5 Expensive valuation multiples
P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 52x
6 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -23%
7 Key risks
SMTI key risks include [1] its history of unprofitability and a significant debt load, Show more.

Valuation, Metrics & Events

SMTI Stock


Why The Stock Moved


Qualitative Assessment

AI Analysis | Feedback

Sanara MedTech (SMTI) stock has lost about 30% since 9/30/2025 because of the following key factors:

1. Discontinuation of Tissue Health Plus (THP) and Associated Impairment Charge:

Sanara MedTech announced on November 11-12, 2025, its strategic decision to discontinue the Tissue Health Plus (THP) segment, classifying it as discontinued operations. This realignment aimed to reallocate resources to the core surgical business. The Q3 2025 financial results, reported on November 12, 2025, revealed a significant non-cash impairment charge of $26.5 million related to THP, contributing to a substantial net loss of $31.2 million from discontinued operations for the quarter. This move reflected past strategic missteps by management in developing THP, leading to a loss of investor trust.

2. Weak Q4 2025 Revenue Guidance:

Following the Q3 2025 earnings report, Sanara MedTech issued Q4 2025 revenue guidance that projected a significant deceleration in growth. The company anticipated high single-digit to low-teens year-over-year revenue growth for Q4 2025, a stark contrast to the robust 49% growth experienced in Q4 2024, which had benefited from increased demand following Hurricane Helene. This weaker outlook led investors to fear a slowdown in the company's growth trajectory and contributed to tax-loss selling.

Show more

Stock Movement Drivers

Fundamental Drivers

The -22.2% change in SMTI stock from 10/31/2025 to 1/21/2026 was primarily driven by a -25.5% change in the company's P/S Multiple.
103120251212026Change
Stock Price ($)29.3022.79-22.2%
Change Contribution ByLTMLTM 
Total Revenues ($ Mil)971024.8%
P/S Multiple2.61.9-25.5%
Shares Outstanding (Mil)99-0.4%
Cumulative Contribution-22.2%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 1/21/2026
ReturnCorrelation
SMTI-22.2% 
Market (SPY)0.5%22.1%
Sector (XLV)9.7%-6.4%

Fundamental Drivers

The -5.7% change in SMTI stock from 7/31/2025 to 1/21/2026 was primarily driven by a -14.5% change in the company's P/S Multiple.
73120251212026Change
Stock Price ($)24.1722.79-5.7%
Change Contribution ByLTMLTM 
Total Revenues ($ Mil)9210211.3%
P/S Multiple2.31.9-14.5%
Shares Outstanding (Mil)99-0.9%
Cumulative Contribution-5.7%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2025 to 1/21/2026
ReturnCorrelation
SMTI-5.7% 
Market (SPY)8.7%28.3%
Sector (XLV)21.9%11.1%

Fundamental Drivers

The -37.3% change in SMTI stock from 1/31/2025 to 1/21/2026 was primarily driven by a -51.2% change in the company's P/S Multiple.
13120251212026Change
Stock Price ($)36.3322.79-37.3%
Change Contribution ByLTMLTM 
Total Revenues ($ Mil)7810230.6%
P/S Multiple4.01.9-51.2%
Shares Outstanding (Mil)99-1.5%
Cumulative Contribution-37.3%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2025 to 1/21/2026
ReturnCorrelation
SMTI-37.3% 
Market (SPY)14.9%38.9%
Sector (XLV)9.2%32.2%

Fundamental Drivers

The -47.7% change in SMTI stock from 1/31/2023 to 1/21/2026 was primarily driven by a -79.4% change in the company's P/S Multiple.
13120231212026Change
Stock Price ($)43.5522.79-47.7%
Change Contribution ByLTMLTM 
Total Revenues ($ Mil)38102171.3%
P/S Multiple9.41.9-79.4%
Shares Outstanding (Mil)89-6.7%
Cumulative Contribution-47.9%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2023 to 1/21/2026
ReturnCorrelation
SMTI-47.7% 
Market (SPY)74.9%39.0%
Sector (XLV)24.2%30.3%

Return vs. Risk


Price Returns Compared

 202120222023202420252026Total [1]
Returns
SMTI Return-41%54%-10%-19%-30%-7%-56%
Peers Return-4%-46%74%12%-9%-9%-17%
S&P 500 Return27%-19%24%23%16%-1%81%

Monthly Win Rates [3]
SMTI Win Rate50%50%42%42%33%0% 
Peers Win Rate54%38%57%47%38%40% 
S&P 500 Win Rate75%42%67%75%67%0% 

Max Drawdowns [4]
SMTI Max Drawdown-54%-38%-42%-35%-43%-7% 
Peers Max Drawdown-19%-57%-27%-34%-31%-11% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-1% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: IART, MDXG, ORGO, BVS, SYK.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 1/21/2026 (YTD)

How Low Can It Go

Unique KeyEventSMTIS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-63.3%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven172.5%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-60.5%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven153.1%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven215 days148 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-58.6%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven141.7%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven3,508 days1,480 days

Compare to IART, MDXG, ORGO, BVS, SYK

In The Past

Sanara MedTech's stock fell -63.3% during the 2022 Inflation Shock from a high on 1/1/2021. A -63.3% loss requires a 172.5% gain to breakeven.

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About Sanara MedTech (SMTI)

Sanara MedTech Inc. develops, markets, and distributes wound and skin care products to physicians, hospitals, clinics, and post-acute care settings in the United States. It offers CellerateRX Surgical Activated Collagen powder and gel that are used in a range of surgical specialties to help promote patient healing; Biako¯s Antimicrobial Skin and Wound Cleanser, a patented product that disrupts extracellular polymeric substances to eradicate mature biofilm microbes; Biako¯s Antimicrobial Wound Gel, an antimicrobial hydrogel wound dressing helps against planktonic microbes, as well as immature and mature biofilms; and Biako¯s Antimicrobial Skin and Wound Irrigation Solution. The company also provides HYCOL Hydrolyzed Collagen Powder and Gel, a medical hydrolysate of Type I bovine collagen for the management of full and partial thickness wounds, including pressure ulcers, venous and arterial leg ulcers, and diabetic foot ulcers. In addition, it develops FORTIFY TRG, a freeze-dried, multi-layer small intestinal submucosa extracellular matrix sheet; FORTIFY FLOWABLE extracellular matrix, an advanced wound care device; and VIM Amnion Matrix, a single layer sheet of amnion tissue. The company was formerly known as WNDM Medical Inc. and changed its name to Sanara MedTech Inc. in May 2019. Sanara MedTech Inc. was incorporated in 2001 and is based in Fort Worth, Texas.

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Here are 1-2 brief analogies for Sanara MedTech (SMTI):

  • Like Medtronic for advanced wound care and surgical biologics.
  • Like Smith & Nephew for next-generation wound care solutions.

AI Analysis | Feedback

  • PuraPly® AM: An antimicrobial wound matrix designed to manage and support healing in a variety of complex wounds.
  • Surgical Biologics: A portfolio of advanced biological products, such as ALLOSHIELDâ„¢ and BIOCORIUM®, used to support tissue repair and regeneration in surgical applications.
  • Advanced Wound Care Dressings: A diverse range of topical wound care products, including HYDRALUXEâ„¢ and SilverSeal®, designed to protect wounds and facilitate healing.
  • Negative Pressure Wound Therapy (NPWT) Systems: Medical devices that apply controlled negative pressure to wounds to promote faster healing by removing exudate and reducing edema.
  • Advanced Wound Care Outcomes Tracking and Analysis Platform: A digital platform that provides tools for monitoring, tracking, and analyzing wound care treatment progress and patient outcomes.

AI Analysis | Feedback

Sanara MedTech (SMTI) sells primarily to other companies and institutions, operating on a business-to-business (B2B) model.

According to its most recent annual report (10-K), Sanara MedTech does not have any single customer that accounted for 10% or more of its total revenue. Therefore, no individual major customer companies are disclosed by name with their symbols.

However, Sanara MedTech's primary customers are various healthcare providers and facilities that utilize its surgical, wound, and skin care products. These customer categories include:

  • Hospitals: Acute care facilities where surgical procedures are performed and complex wounds are managed.
  • Wound Care Clinics: Specialized outpatient centers focused on the treatment and management of chronic and non-healing wounds.
  • Physicians' Offices and Long-Term Care Facilities: Including various private practices, ambulatory surgical centers, and extended care settings where their products are used for patient treatment.

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Seth Yon, President and Chief Executive Officer

Seth Yon was appointed President and Chief Executive Officer of Sanara MedTech effective September 15, 2025. He joined Sanara MedTech in March 2018 as Director of Sales, Wound Care, and has held several senior leadership positions, including National Sales Director, Vice President of Commercial, President of Commercial, and President and Chief Commercial Officer. Before joining Sanara, he served as Vice President of Sales and Marketing for Iroquois Industrial Group from 2015 to 2018. Mr. Yon also founded GreenerGrads, which he led from 2011 to 2014, and began his career at Jostens, Inc.

Elizabeth Taylor, Chief Financial Officer

Elizabeth Taylor was appointed Chief Financial Officer of Sanara MedTech effective January 15, 2025. Prior to Sanara, she served as CFO of Imbed Biosciences, a privately held medical device company, from 2023 to 2025, and was a member of its board of directors from 2018 to 2023. Her experience includes roles as Chief Operating Officer of multiple hedge funds and as a member of the investment team at a private equity firm. Ms. Taylor founded Burnett Taylor Consulting, LLC, which provided financial advisory services for family offices and high-net-worth clients. She also held leadership positions at Citadel Investment Group, Tala Investments, LP, and Thomas H. Lee Partners.

Ron Nixon, Executive Chairman

Ron Nixon serves as the Executive Chairman of Sanara MedTech. He is the Founder and Managing Partner of The Catalyst Group, Inc., a private investment firm established in 1990, and has been involved in over 200 transactions. Mr. Nixon served as CEO of Sanara MedTech from May 2024 until September 2025, and as Executive Chairman since May 2019. He has served on the board of directors for several privately held companies and was a director for LHC Group, Inc. The Catalyst Group was an early investor in LHC Group. He previously served as CEO of Tissue Health Plus LLC.

Jake Waldrop, Chief Operating Officer

Jake Waldrop joined Sanara MedTech as Chief Operating Officer in April 2024. He brings two decades of experience leading cross-functional teams in the technology and medical device industries. Previously, Mr. Waldrop was Chief Financial Officer for Trilliant Surgical. Following Trilliant Surgical's acquisition by Enovis in early 2021, he became Vice President of Finance and Integrations for Enovis' newly formed Foot and Ankle division.

Tyler Palmer, Chief Corporate Development and Strategy Officer

Tyler Palmer was appointed Chief Corporate Development and Strategy Officer in April 2024. He has extensive experience in the healthcare sector, particularly in leading strategic growth and corporate development initiatives. Prior to Sanara, Mr. Palmer served as Senior Vice President of Corporate Development, Strategy, and Product at AQuity Solutions. He has also held various leadership roles in corporate development, marketing, and business unit leadership within the Orthopedic, Surgical, and Wound Care sectors at companies such as Zimmer, BSN medical, and Essity.

AI Analysis | Feedback

The key risks to Sanara MedTech's business include its history of unprofitability and debt, execution challenges within its surgical segment, and inherent regulatory and product-related risks.

  1. Persistent Unprofitability and Debt: Sanara MedTech has a history of net losses, largely attributed to its now-discontinued Tissue Health Plus (THP) segment. The company also carries a notable amount of debt with a high interest rate, and its balance sheet has been described as weak. While the discontinuation of the THP segment is expected to improve its financial position, the company faces the immediate challenge of achieving consistent overall profitability and effectively managing its debt load.
  2. Execution Risk in the Surgical Segment: With the THP segment wound down, Sanara MedTech's financial success is now primarily dependent on the performance and growth of its surgical product segment. Key risks involve the company's ability to continue penetrating existing and new hospitals with its current product lines (such as CellerateRX Surgical and BIASURGE) and successfully commercialize new products in its pipeline. Any slowdown in the surgical segment's growth could significantly impact revenue and profitability.
  3. Regulatory and Product-Related Risks: As a medical technology company, Sanara MedTech operates in a highly regulated environment. The business is susceptible to risks associated with product defects, failures, or quality issues, which could lead to product recalls, adverse regulatory actions, product liability lawsuits, and negative public perception. Furthermore, delays in obtaining necessary regulatory clearances or approvals for new products could hinder their commercialization, and issues related to "off-label" promotion carry the potential for substantial penalties.

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Sanara MedTech (SMTI) operates in several addressable markets within the medical technology sector. The company's Tissue Health Plus (THP) platform targets a non-surgical wound care market estimated to be a $69 billion opportunity in the U.S.. Additionally, Sanara MedTech aims to capture market share within a surgical solutions market, which represents a $10 billion+ opportunity in the United States.

AI Analysis | Feedback

Sanara MedTech (SMTI) is poised for future revenue growth over the next 2-3 years, driven by several key factors:

  1. Continued Growth in Sanara Surgical Segment: The Sanara Surgical segment is consistently highlighted as the primary engine for net revenue growth. This includes strong sales of its existing soft tissue repair products, such as CellerateRX Surgical and BIASURGE, and contributions from its bone fusion product portfolio. The company emphasizes effective execution by its commercial team and a significant "greenfield opportunity" within this segment.
  2. Expansion of Customer Base and Product Adoption: A significant driver for future revenue is the increasing number of healthcare facilities utilizing SMTI's products and the expansion of its distributor network. In the second quarter of 2025, the number of distributors increased by 33% year-over-year to 400, and the number of healthcare facilities using SMTI's products grew by 27% year-over-year to 1,400. This indicates sustained revenue growth as product adoption continues to rise within its customer base.
  3. Commercialization of the Tissue Health Plus (THP) Segment: While currently in an investment and pilot phase, with management exploring strategic alternatives and capping further investments, the eventual commercialization of the Tissue Health Plus (THP) segment and its value-based wound care strategy is anticipated to become a future revenue driver. The company is actively investing in and preparing for the launch of a pilot program for this segment.
  4. Launch of New Products and Product Portfolio Expansion: Sanara MedTech's strategic initiatives include expanding its product portfolio. This is evidenced by a strategic license agreement with Rochal to develop antimicrobial products, which diversifies its offerings. The company also received an FDA Breakthrough Device Designation for a new product in Q4 2024, highlighting its commitment to developing innovative solutions.
  5. Strategic Alliances and Acquisitions: Strategic partnerships and acquisitions are expected to contribute to revenue growth. Notable examples include the formation of a strategic alliance with BioMimetic Innovations, mentioned in the Q4 2024 earnings report, and the acquisition of CarePICS, THP's technology partner, in Q2 2025, which aims to strengthen the company's offerings.

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Share Issuance

  • In February 2021, Sanara MedTech closed a public offering of 1,265,000 shares of common stock at $25.00 per share, generating gross proceeds of $31.6 million.
  • The number of shares outstanding increased by 1.87% in one year, reaching 8.90 million shares.

Outbound Investments

  • On January 21, 2025, Sanara announced an exclusive license and distribution agreement with, and a minority investment in, Biomimetic Innovations Ltd (BMI), securing exclusive U.S. marketing, sales, and distribution rights for BMI's OsStic® product.
  • In August 2023, Sanara acquired the underlying intellectual property and manufacturing/sales rights for CellerateRX Surgical and HYCOL products from Applied Nutritionals.
  • During 2022, the company made two acquisitions: Precision Healing Inc. in April (for a diagnostic imager and lateral flow assay) and Scendia Biologics, LLC in July (to expand surgical offerings with regenerative and orthobiologic technologies).

Capital Expenditures

  • Capital expenditures in the last 12 months amounted to approximately $3.57 million.
  • Sanara plans to invest an estimated $5.5 million to $10 million through mid-2025 to build out its Tissue Health Plus strategy and infrastructure.

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Peer Comparisons for Sanara MedTech

Peers to compare with:

Financials

SMTIIARTMDXGORGOBVSSYKMedian
NameSanara M.Integra .MiMedx Organoge.BioventusStryker  
Mkt Price22.7912.195.333.848.00362.9410.09
Mkt Cap0.20.90.80.50.5138.80.7
Rev LTM1021,64339346556424,381514
Op Inc LTM-731541494,78540
FCF LTM-1-1463-52534,07326
FCF 3Y Avg-24441-17273,28234
CFO LTM48968-39564,83262
CFO 3Y Avg-0131451323,95239

Growth & Margins

SMTIIARTMDXGORGOBVSSYKMedian
NameSanara M.Integra .MiMedx Organoge.BioventusStryker  
Rev Chg LTM30.6%5.0%14.8%2.1%1.6%11.0%8.0%
Rev Chg 3Y Avg40.6%1.7%17.4%0.1%3.1%10.8%6.9%
Rev Chg Q21.5%5.6%35.3%30.7%-0.2%10.2%15.9%
QoQ Delta Rev Chg LTM4.8%1.3%8.2%8.2%-0.1%2.4%3.6%
Op Mgn LTM-6.7%1.9%13.7%0.2%8.6%19.6%5.2%
Op Mgn 3Y Avg-9.3%4.3%14.3%2.5%3.0%19.5%3.7%
QoQ Delta Op Mgn LTM2.5%1.2%1.8%3.6%0.9%0.0%1.5%
CFO/Rev LTM3.7%5.4%17.2%-8.3%9.9%19.8%7.7%
CFO/Rev 3Y Avg-1.2%8.3%12.5%0.3%5.8%17.8%7.1%
FCF/Rev LTM-0.9%-0.9%16.1%-11.1%9.5%16.7%4.3%
FCF/Rev 3Y Avg-2.9%2.9%11.2%-3.7%4.8%14.7%3.8%

Valuation

SMTIIARTMDXGORGOBVSSYKMedian
NameSanara M.Integra .MiMedx Organoge.BioventusStryker  
Mkt Cap0.20.90.80.50.5138.80.7
P/S1.90.62.01.00.95.71.5
P/EBIT-35.6-2.014.5585.611.929.013.2
P/E-5.3-1.919.3484.852.647.233.2
P/CFO52.210.511.6-12.69.628.711.1
Total Yield-19.0%-52.9%5.2%0.2%1.9%3.0%1.1%
Dividend Yield0.0%0.0%0.0%0.0%0.0%0.9%0.0%
FCF Yield 3Y Avg-0.7%1.3%3.6%-2.5%4.8%2.5%1.9%
D/E0.22.10.00.10.60.10.2
Net D/E0.21.9-0.2-0.00.50.10.1

Returns

SMTIIARTMDXGORGOBVSSYKMedian
NameSanara M.Integra .MiMedx Organoge.BioventusStryker  
1M Rtn-9.0%-3.0%-24.3%-32.7%7.0%2.1%-6.0%
3M Rtn-26.9%-21.2%-20.7%-5.9%12.5%-6.3%-13.5%
6M Rtn-16.8%-4.8%-23.1%-22.9%23.6%-9.0%-12.9%
12M Rtn-33.0%-51.5%-41.7%8.8%-21.8%-7.5%-27.4%
3Y Rtn-52.5%-78.3%56.3%47.1%255.6%45.8%46.5%
1M Excs Rtn-7.1%-8.1%-28.0%-34.9%2.4%1.6%-7.6%
3M Excs Rtn-24.9%-24.4%-23.1%-8.0%12.2%-6.6%-15.5%
6M Excs Rtn-22.6%-7.8%-30.1%-29.3%15.3%-16.7%-19.6%
12M Excs Rtn-44.8%-64.1%-56.2%0.3%-35.0%-19.1%-39.9%
3Y Excs Rtn-121.4%-150.7%-14.7%-23.7%160.0%-28.1%-25.9%

Financials

Segment Financials

Assets by Segment
$ Mil20242023202220212020
Sanara Surgical51    
Tissue Health Plus (THP)22    
Total73    


Price Behavior

Price Behavior
Market Price$22.79 
Market Cap ($ Bil)0.2 
First Trading Date02/23/2007 
Distance from 52W High-40.2% 
   50 Days200 Days
DMA Price$23.04$28.30
DMA Trenddowndown
Distance from DMA-1.1%-19.5%
 3M1YR
Volatility73.5%60.1%
Downside Capture84.62147.02
Upside Capture-93.0185.92
Correlation (SPY)16.8%38.9%
SMTI Betas & Captures as of 12/31/2025

 1M2M3M6M1Y3Y
Beta0.270.981.151.691.191.34
Up Beta0.264.913.774.001.351.45
Down Beta-0.723.022.441.720.961.11
Up Capture200%-160%-88%40%79%123%
Bmk +ve Days11233772143431
Stock +ve Days11202955112341
Down Capture-49%1%52%130%123%110%
Bmk -ve Days11182755108320
Stock -ve Days11213571136404

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SMTI
SMTI-28.4%60.2%-0.32-
Sector ETF (XLV)14.5%17.4%0.6231.1%
Equity (SPY)15.8%19.3%0.6339.1%
Gold (GLD)79.5%20.4%2.784.2%
Commodities (DBC)5.7%15.3%0.1617.2%
Real Estate (VNQ)5.8%16.7%0.1733.3%
Bitcoin (BTCUSD)-14.7%39.8%-0.3127.2%


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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SMTI
SMTI-6.7%58.9%0.12-
Sector ETF (XLV)7.9%14.5%0.3625.3%
Equity (SPY)14.0%17.1%0.6635.2%
Gold (GLD)20.8%15.7%1.077.2%
Commodities (DBC)11.4%18.7%0.4910.4%
Real Estate (VNQ)5.7%18.8%0.2128.8%
Bitcoin (BTCUSD)19.0%58.0%0.5317.0%


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Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SMTI
SMTI84.1%2,484.5%0.43-
Sector ETF (XLV)10.6%16.6%0.530.5%
Equity (SPY)15.3%18.0%0.731.6%
Gold (GLD)15.7%14.9%0.870.6%
Commodities (DBC)8.2%17.6%0.380.5%
Real Estate (VNQ)5.8%20.8%0.252.5%
Bitcoin (BTCUSD)70.3%66.7%1.092.4%


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Short Interest

Short Interest: As Of Date12312025
Short Interest: Shares Quantity0.2 Mil
Short Interest: % Change Since 12152025-11.4%
Average Daily Volume0.0 Mil
Days-to-Cover Short Interest5.3 days
Basic Shares Quantity8.6 Mil
Short % of Basic Shares2.3%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
11/12/2025-24.7%-25.5%-7.6%
8/13/202516.2%12.3%28.4%
5/14/2025-10.8%-11.6%-18.3%
1/21/202510.9%10.7%3.9%
11/12/20247.6%6.8%3.6%
8/12/202415.1%17.6%20.4%
5/13/2024-6.8%-2.9%-1.4%
2/22/20240.0%0.2%-1.5%
...
SUMMARY STATS   
# Positive141310
# Negative7811
Median Positive4.8%6.3%15.9%
Median Negative-8.4%-12.0%-9.2%
Max Positive19.4%17.6%58.1%
Max Negative-24.7%-25.5%-21.0%