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These Are The 6 Best Hearing Aid Stocks For Your Portfolio

Sarah Foley - February 17, 2021

best hearing aid stocks

Hearing aids are an essential medical device for so many people around the world.

Millions of people experience hearing loss at some point in their life.

Hearing aids help those who are hearing impaired live a normal and healthy life.

In this article, we’ll talk about some of the top hearing aid stocks to invest in.

Because hearing aids are such an essential health product, the hearing aid market is definitely full of interesting investments.

The economy has been struggling this past year as a result of the coronavirus pandemic.

However, people who struggle with a hearing impairment will still need to buy this important piece of equipment.

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Best Hearing Aid Stocks To Buy

Eargo logo


Eargo is a hearing aid manufacturer based in San Jose, California.

They went public in October 2020 and their stock price has been on a steady upward trajectory ever since.

This company currently has a market cap of 2.79 billion.

They have received quite a bit of media attention in the last year or so leading up to their IPO.

This is because their devices use a very innovative new design that is inspired by a fishing fly.

These hearing aids have a number of features that make them very comfortable for consumers.

They also provide very crisp sound quality.

Eargo’s hearing aids are fully rechargeable and come with a portable charging device.

They come with multiple settings that users can adjust to feel more comfortable.

The company even offers a custom calibration option.

Their devices are also very sleek, which has made them very popular among children and young adults who need hearing support.

In 2020, they launched their most recent device, the Eargo Neo HiFi.

Eargo shares are currently trading at their highest point since the company went public.

However, there’s still plenty of potential for this stock to grow, so now might be a good time to add it to your portfolio.

Intricon Corporation (NASDAQ: IIN)

Intricon is a company that makes a range of micro-sized medical devices, including hearing aids.

Their United States headquarters is in Michigan, but they also have a location in Singapore, Indonesia, London, and Germany.

This company makes seven different types of hearing aids, as well as the accessories that go with them.

Their devices are small, comfortable, and discreet. They also make eight different kinds of amplifiers.

Intricon struggled during the pandemic, with their stock price dipping down to around $10 per share at its lowest point.

However, they rebounded in the fall, and their price point is higher than it was in February 2020.

At the beginning of February 2021, Intricon announced that they had appointed a new chief financial officer.

Investors have been happy about this, and the company’s stock has gone up as a result.

Investors will also want to keep an eye out for their fourth quarter earnings data, which should be announced imminently.

In addition to hearing aids, Intricon also makes a huge variety of other medical devices.

These include catheters, cardiac monitors, and more.

man wearing hearing aids

Knowles Corporation (NYSE: KN)

The Knowles Corporation is a company that makes electronic components that are used in hearing devices.

Their products include microphones, receivers, and programming components for hearing aids.

Outside of the hearing aid market, they make products for mobile devices, traditional headphones, IoT devices, and more.

While this company struggled with their earnings in 2019 and early 2020, their financials have started to improve.

They recently announced their fourth quarter earnings, and their revenue, gross margins, and earnings per share have all improved from the year prior.

This is reflected in the company’s stock price, which has steadily gone up over the past year.

After hitting a low of $11.10 per share in February, they rebounded.

Their shares are now worth approximately $20 each.

This upward trajectory means that now could be a great time to invest in this company.

They are one of the important players in the hearing aid market, as many other companies rely on them for their parts.

However, their involvement in other industries gives them a more diverse stream of income.

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Hearing Aid Penny Stocks

Innerscope Hearing Technologies (OTC: INND)

Innerscope Hearing Technologies is a hearing aid penny stock for investors who are willing to take a risk.

This company is working with audiologists and other hearing experts to provide direct-to-consumer hearing devices to the people who need them.

The company is working with Walmart and other large retailers to provide hearing aids over the counter.

Recent legislation allows customers to buy hearing aids without a prescription from their doctor.

This has made it much easier for people with moderate hearing loss to get the care they need.

Over the next few years, we can expect to see the hearing aid market grow as a result.

Innerscope has a lot to offer in the hearing aid market. However, investing in them comes with some risk, as they are a penny stock.

They are currently trading for less than $0.10 per share. This puts them at a huge risk for volatility.

Investors will need to fully understand these risks before buying any shares of this stock.

However, this is an opportunity to invest in a growing company that has a lot to offer in the hearing market.

Hearing Aid Stocks That Pay Dividends

sonova logo

Sonova (OTC: SONVY)

Sonova is a Swiss company that makes a variety of devices for those with hearing loss.

These include hearing aids as well as cochlear implants and wireless devices.

These hearing aid manufacturers market their products under five different brands, both in the U.S. and around the world.

They have a very large market share in this industry.

Sonova stock has performed very well this past year.

While shares initially dropped during the March 2020 stock market crash, they had recovered by September.

This company doesn’t pay a huge dividend, but it can still be a good source of long term income.

Their current dividend yield is 0.57 percent.

Since Sonova is such a respected name in the hearing aid market, it’s a great buy for portfolio stability.

There is consistent demand for their products, which is reflected in their financials.

Rayovac hearing aid batteries

Energizer Holdings (NYSE: ENR)

Energizer Holdings is one of the largest battery manufacturers in the world.

They make batteries for a huge variety of products and have a number of subsidiaries.

One of these subsidiaries is Rayovac, which makes hearing aid batteries.

In fact, they are the world’s largest manufacturer of hearing aid batteries, and they make a huge range of sizes to fit different models.

Over the years, Rayovac has improved the quality of their batteries, so they are more compact and provide better sound quality.

They were part of Spectrum Brands until 2019, when the company sold them to Energizer.

Energizer stock has been up and down over the past several years.

However, they have recovered well from the coronavirus pandemic and resulting stock market crash.

Since batteries are an important consumer staple, it’s likely that this stock will be able to weather through tough economic times.

Additionally, Energizer pays an excellent dividend of 2.59 percent.

These factors make it a great stock to buy and hold for the long run.

Should You Buy Hearing Aid Stocks?

Hearing aid stocks are full of potential. The World Health Organization estimates that approximately 466 million people around the world struggle with some form of disabling hearing loss.

Wearing hearing aids enables these people to live much more comfortably, without communication issues.

There’s also a huge percentage of the population who could benefit from using hearing aids, but don’t currently use one.

This means the hearing aid market is full of untapped potential.

Companies in this industry can expand into new locations and use new marketing strategies to ensure they’re reaching the right target audience.

In the US, it’s recently become much easier for people to access the hearing aids they need.

In 2020, Congress passed legislation that makes it easier for people with mild hearing loss to access hearing devices over the counter.

Before, patients with hearing loss would need to see a doctor in order to obtain the hearing aids they needed.

This might discourage people who didn’t have health insurance from getting the devices they needed.

This presents a huge opportunity for companies who can sell these over-the-counter products.

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Hearing Aid Stocks: Final Thoughts

Since hearing devices are essential for so many people, it makes sense to invest in the companies who make them.

Hearing aid stocks are a great investment opportunity, even during challenging economic times.


Sarah Foley is a freelance content writer based in Chicago. She covers finance as well as real estate, technology, pop culture, and more.