NeuroMetrix Inc
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Health Care : Health Care Equipment & Supplies | Small Cap Value
Company profile

NeuroMetrix, Inc. develops and commercializes health care products that utilize non-invasive neurostimulation. The Company is engaged in the designing, building and marketing of medical devices that stimulate nerves and analyze nerve response for diagnostic and therapeutic purposes. It has two principal product categories, which includes point-of-care neuropathy diagnostic tests and wearable neurostimulation devices. Its products include DPNCheck, Quell and ADVANCE System. DPNCheck is a quantitative nerve conduction test that is used to evaluate peripheral neuropathies, such as Diabetic peripheral neuropathy (DPN). Quell a wearable device for symptomatic relief and management of chronic pain. ADVANCE System is a platform for the performance of nerve conduction studies. DPNCheck customers include managed care organizations, endocrinologists, podiatrists and primary care physicians. ADVANCE System customers include occupational health, primary care, internal medicine and many others.

Closing Price
$3.64
Day's Change
-0.04 (-1.09%)
Bid
--
Ask
--
B/A Size
--
Day's High
3.67
Day's Low
3.45
Volume
(Light)
Volume:
23,881

10-day average volume:
71,663
23,881

Cathie Wood has a simple response to Tesla getting booted out of an S&P 500 ESG index: 'Ridiculous'

10:41 am ET May 19, 2022 (MarketWatch)
Print

By Mark DeCambre

'Not worthy of any other response,' says the Ark Investment founder

Cathie Wood isn't pleased about one of her most popular investments, Tesla Inc., being excluded from a prominent index that tracks eco- and socially friendly companies.

"Ridiculous," was essentially Wood's terse response to news that the S&P 500 ESG Index has dropped Elon Musk's electric-vehicle maker Tesla (TSLA) from its lineup, as a part of its annual rebalancing.

Read: Tesla dumped by S&P ESG index and Musk cries label is a 'scam'

"While Tesla may be playing its part in taking fuel-powered cars off the road, it has fallen behind its peers when examined through a wider ESG lens," wrote Margaret Dorn, senior director and head of ESG indices, North America, at S&P Dow Jones Indices, in a blog post dated Tuesday.

The announcement from S&P Dow Jones Indices might come as a shock to some, given that the vehicle manufacturer is seen as a pioneer of producing EVs for the masses, perhaps laying the groundwork for large manufacturers such as Ford Motor (F) and General Motors Co. (GM), who are racing to compete with Tesla in EVs on a bigger scale after badly falling behind Musk & Co. in the low-carbon category.

Dorn makes the case that a couple of the factors contributing to Tesla's exclusion were "a decline in criteria-level scores" related to its low-carbon strategy and its "codes of business conduct."

Tesla has been one of the biggest and most successful investments for Wood, the CEO of ARK Investment Management, whose bullishness on disruptive companies like Tesla helped propel her to fame on Wall Street.

However, Wood's flagship fund has been unhinged by the downturn, which has capsized much of the market in growth-oriented, technology and tech-related investments.

Wood's flagship ARK Innovation ETF(ARKK) has tumbled about 74% from its peak back in mid-February 2021, and is down more than 56% thus far in 2022.

Tesla's stock has fallen more than 42% since its recent peak in early November. Shares of the EV maker are off 33% so far in 2022.

Meanwhile, Ford and GM's stocks are both down by about 38% year to date, with the S&P 500 down almost 18% so far this year, the Dow Jones Industrial Average off more than 13% and the technology-laden Nasdaq Composite down 27%.

Musk also had thoughts on Tesla's exclusion from the ESG index:

Worth a read: A 'summer of pain'? The Nasdaq Composite could plunge 75% from peak, S&P 500 skid 45% from its top, warns Guggenheim's Scott Minerd

-Mark DeCambre

	

(END) Dow Jones Newswires

May 19, 2022 10:41 ET (14:41 GMT)

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