Industry Analysts Just Upgraded Their Hydreight Technologies Inc. (CVE:NURS) Revenue Forecasts By 42%
Feb 07
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Canadian (TSX) Healthtech Industry Analysis
UpdatedFeb 08, 2026
DataAggregated Company Financials
Companies15
- 7D-2.5%
- 3M-14.9%
- 1Y-15.6%
- YTD-14.3%
Over the last 7 days, the Healthtech industry has dropped 2.5%, driven by a pullback from kneat.com of 6.4%. Meanwhile, Hydreight Technologies actually outperformed within the industry, gaining 5.4% in the last week. The industry has fallen 16% in the last year. Looking forward, earnings are forecast to grow by 60% annually.
Industry Valuation and Performance
Has the Canadian Healthtech Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 08 Feb 2026 | CA$1.8b | CA$204.0m | -CA$19,908,806.00 | 318.4x | -89.5x | 8.7x |
| Tue, 06 Jan 2026 | CA$1.9b | CA$204.3m | -CA$18,073,589.00 | 374.1x | -102.9x | 9.1x |
| Thu, 04 Dec 2025 | CA$1.7b | CA$204.2m | -CA$18,956,724.00 | 324.1x | -92x | 8.5x |
| Sat, 01 Nov 2025 | CA$1.9b | CA$175.8m | -CA$11,988,174.00 | 1077.9x | -157.9x | 10.8x |
| Mon, 29 Sep 2025 | CA$1.9b | CA$175.8m | -CA$12,143,232.00 | 1154.7x | -160x | 11.1x |
| Wed, 27 Aug 2025 | CA$2.0b | CA$176.7m | -CA$15,676,551.00 | 1073.6x | -127x | 11.3x |
| Fri, 25 Jul 2025 | CA$1.8b | CA$160.9m | -CA$19,902,515.00 | 261.5x | -88.4x | 10.9x |
| Sun, 22 Jun 2025 | CA$1.7b | CA$160.9m | -CA$35,443,506.00 | 219.2x | -47.8x | 10.5x |
| Tue, 20 May 2025 | CA$1.5b | CA$133.8m | -CA$31,759,323.00 | 200.2x | -46.3x | 11x |
| Thu, 17 Apr 2025 | CA$1.4b | CA$138.7m | -CA$22,047,890.00 | 108.5x | -62.3x | 9.9x |
| Sat, 15 Mar 2025 | CA$1.2b | CA$131.5m | -CA$13,642,110.00 | 96x | -86.5x | 9x |
| Mon, 10 Feb 2025 | CA$1.4b | CA$127.2m | -CA$13,979,026.00 | 122.7x | -102.6x | 11.3x |
| Wed, 08 Jan 2025 | CA$1.4b | CA$127.1m | -CA$21,980,357.00 | 124.1x | -61.4x | 10.6x |
| Fri, 06 Dec 2024 | CA$1.3b | CA$127.1m | -CA$21,980,357.00 | 133.2x | -59.8x | 10.3x |
| Sun, 03 Nov 2024 | CA$1.0b | CA$117.8m | -CA$25,832,010.00 | 110.1x | -40.5x | 8.9x |
| Tue, 01 Oct 2024 | CA$905.9m | CA$117.8m | -CA$25,474,194.00 | 94.5x | -35.6x | 7.7x |
| Thu, 29 Aug 2024 | CA$900.7m | CA$103.4m | -CA$20,419,422.00 | 87.5x | -44.1x | 8.7x |
| Sat, 27 Jul 2024 | CA$864.4m | CA$111.1m | -CA$23,614,965.00 | 64.3x | -36.6x | 7.8x |
| Mon, 24 Jun 2024 | CA$828.3m | CA$120.3m | -CA$22,081,909.99 | 49.5x | -37.5x | 6.9x |
| Wed, 22 May 2024 | CA$817.1m | CA$119.7m | -CA$23,204,392.91 | 48.7x | -35.2x | 6.8x |
| Fri, 19 Apr 2024 | CA$770.7m | CA$212.3m | -CA$50,133,757.35 | 45.3x | -15.4x | 3.6x |
| Sun, 17 Mar 2024 | CA$771.4m | CA$224.0m | -CA$51,720,718.95 | 54.9x | -14.9x | 3.4x |
| Tue, 13 Feb 2024 | CA$666.2m | CA$220.7m | -CA$49,780,312.02 | 45.2x | -13.4x | 3x |
| Thu, 11 Jan 2024 | CA$586.7m | CA$221.4m | -CA$74,820,985.00 | 34.6x | -7.8x | 2.6x |
| Sat, 09 Dec 2023 | CA$687.3m | CA$222.0m | -CA$77,872,952.00 | 36.3x | -8.8x | 3.1x |
| Mon, 06 Nov 2023 | CA$632.9m | CA$214.6m | -CA$82,177,074.00 | 260.6x | -7.7x | 2.9x |
| Wed, 04 Oct 2023 | CA$670.9m | CA$214.2m | -CA$84,221,056.00 | 266x | -8x | 3.1x |
| Fri, 01 Sep 2023 | CA$556.7m | CA$218.0m | -CA$81,963,806.00 | 245.9x | -6.8x | 2.6x |
| Sun, 30 Jul 2023 | CA$588.0m | CA$190.0m | -CA$79,392,844.00 | n/a | -7.4x | 3.1x |
| Tue, 27 Jun 2023 | CA$540.4m | CA$189.9m | -CA$80,071,158.00 | n/a | -6.7x | 2.8x |
| Thu, 25 May 2023 | CA$622.7m | CA$204.8m | -CA$90,173,636.00 | n/a | -6.9x | 3x |
| Sat, 22 Apr 2023 | CA$724.9m | CA$199.6m | -CA$108,266,468.00 | 96.2x | -6.7x | 3.6x |
| Mon, 20 Mar 2023 | CA$655.8m | CA$195.8m | -CA$108,934,011.00 | 116.5x | -6x | 3.3x |
| Wed, 15 Feb 2023 | CA$664.2m | CA$191.2m | -CA$107,752,844.00 | 127.6x | -6.2x | 3.5x |
Price to Earnings Ratio
-6.2x
Current Industry PE
- Investors are optimistic on the Canadian Healthcare Services industry, and appear confident in long term growth rates.
- The 3-year average PS ratio of 6.9x is lower than the industry's current PS ratio of 8.7x.
Past Earnings Growth
- The earnings for companies in the Healthcare Services industry have improved over the last three years.
- Revenues for these companies have grown 2.2% per year.
- This means that more sales are being generated by these companies overall, and subsequently losses are decreasing too.
Industry Trends
Which industries have driven the changes within the Canadian Healthcare industry?
| CA Market | 2.10% | |
| Healthcare | 2.27% | |
| Healthtech | -2.50% | |
| Healthtech | -2.50% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| NURS Hydreight Technologies | CA$3.87 | 5.4% +CA$10.7m | 113.8% | PE455.8x | |
| AIDR Rocket Doctor AI | CA$0.78 | 5.4% +CA$3.8m | 21.9% | n/a | |
| UDOC Unidoc Health | CA$0.17 | 21.4% +CA$2.6m | -61.8% | n/a | |
| AIAI NetraMark Holdings | CA$1.05 | 1.9% +CA$1.9m | -5.4% | PS583.3x | |
| SEGN Seegnal | CA$0.35 | 16.7% +CA$717.1k | n/a | PS3x |
