InvenSense Inc. Is a Good Fit for the Burgeoning Health Revolution
With the announcement of Google (NASDAQ: GOOG ) (NASDAQ: GOOGL ) Fit, the revolution of health care monitoring and recording is in full force. This news comes within a month of Apple (NASDAQ: AAPL ) touting the new Health app and HealthFit developer's tool. The goal of both services is to become the central hub of a myriad of apps and wearable sensors that measure health and fitness activities.
With the two tech giants battling it out for consumers' health data and the focus of developers, the one stock that appears best-situated to benefit from the proliferation of sensors in these new devices is InvenSense (NYSE: INVN ) . Remember that Google, at a market valuation of $390 billion, is the smallest of those tech giants, making it very difficult for a health hub to change the value of the related stocks. On the other hand, InvenSense sits with a valuation just below $2 billion, and the advancement of sensors in medical and fitness devices will greatly move the needle for this small company.
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