IRON
Next earnings: Aug 6, 2026 · Before open
Signal
Bearish Setup2
Price
1
Move-4.07%Selling pressure
Volume
1
Volume1.4× avgNormal activity
Technical
1
RSIRSI 37Momentum negative
PRICE
Prev Close
69.70
Open
69.24
Day Range66.48 – 71.11
66.48
71.11
52W Range40.00 – 99.50
40.00
99.50
45% of range
VOLUME & SIZE
Avg Volume
593.0K
FUNDAMENTALS
P/E Ratio
-10.1x
Not profitable
EPS (TTM)
Div Yield
No dividend
Quick Read
TrendInsufficient MA data
Momentum
BEARISH
thin 0% gross margin
Valuation
FAIR
P/E not available
Health
MODERATE
CR 24.0 · FCF negative
Neutral
Key MetricsTTM
Market Cap$2.55B
Revenue TTM$0.00
Net Income TTM-$241.60M
Free Cash Flow-$201.34M
Gross Margin0.0%
Net Margin0.0%
Operating Margin0.0%
Return on Equity-36.9%
Return on Assets-32.2%
Debt / Equity0.05
Current Ratio24.00
EPS TTM$-6.28
Alpha SignalsFull Analysis →
What Moves This Stock

Bitopertin Phase 2/3 clinical trial data readouts - transfusion independence rates and hemoglobin response

FDA regulatory interactions and potential breakthrough therapy designation decisions

Cash runway updates and financing events (equity raises, partnerships, debt facilities)

Competitive clinical data from Celgene/BMS (luspatercept), Acceleron, or emerging MDS/myelofibrosis therapies

Macro Sensitivity
Economic Cycle

low - Clinical trial timelines and regulatory processes are largely insulated from GDP fluctuations. Patient enrollment may see modest impacts during severe recessions, but hematologic diseases require treatment regardless of economic conditions. The company's cash position buffers against short-term economic volatility.

Interest Rates

Rising rates negatively impact valuation multiples for pre-revenue biotechs as future cash flows are discounted more heavily. Higher rates increase opportunity cost of capital, making speculative biotech investments less attractive versus fixed income. However, Disc's strong cash position ($235M+ implied by current ratio) minimizes near-term financing risk. Rate environment primarily affects stock valuation rather than operational execution.

Key Risks

Binary clinical trial risk - Phase 2/3 failure would eliminate primary value driver and require strategic pivot or wind-down

Regulatory approval uncertainty - FDA may require additional trials, safety data, or impose restrictive labeling limiting commercial potential

Reimbursement pressure - payers increasingly scrutinize specialty drug pricing, particularly for incremental efficacy versus existing therapies

Investor Profile

growth - Pure clinical-stage speculation attracting biotech-focused hedge funds, venture investors, and retail momentum traders. No dividend, no earnings, valuation based entirely on probability-adjusted NPV of pipeline. Recent 20% one-year return despite -27% three-month drawdown reflects high volatility around binary events. Institutional ownership likely concentrated among healthcare specialists willing to underwrite clinical risk.

Watch on Earnings
Bitopertin clinical trial enrollment completion dates and interim analysis timingTransfusion independence rates (primary endpoint) versus luspatercept benchmarks (30-40% in MDS)Quarterly cash burn rate and updated cash runway guidanceFDA interactions including breakthrough therapy designation status and regulatory pathway clarity
Health Radar
2 strong1 watch3 concern
39/100
Liquidity
24.00Strong
Leverage
0.05Strong
Coverage
-98.0xConcern
ROE
-36.9%Concern
ROIC
-36.9%Concern
Cash
$91MWatch
ANALYST COVERAGE11 analysts
BUY
+57.0%upside to target
L $80.00
Med $105.00consensus
H $125.00
Strong Buy
19%
Buy
1091%
11 Buy (100%)0 Hold (0%)0 Sell (0%)
Full report →
Stock Health
Composite Score
2 of 5 signals bullish
3/10
Technicals
RSI RangeRSI 37 — Bearish momentum
Volume
Volume FlowLean Distribution — selling pressure
Fundamentals
Last EarningsMissed estimates
Analyst ConsensusBuy
LiquidityCurrent Ratio 24.00 — healthy liquidity
Upcoming Events
EEarnings ReportMay 17, 2026
Tomorrow
DEx-Dividend DateAug 14, 2026
In 90 days
PDividend PaymentAug 17, 2026
In 93 days
Technicals
Technical SetupBEARISH
Technicals →

Trend

PullbackGolden Cross · 50D leads 200D by 53.9%

-21.0% vs SMA 50 · +21.6% vs SMA 200

Momentum

RSI36.9
Momentum fading
MACD-5.14
Below zero — bearish pulse · compressing
Market Position
Price Levels
52W High
$99.50+48.8%
EMA 50
$78.95+18.1%
Current
$66.86
EMA 200
$55.13-17.5%
52W Low
$40.00-40.2%
52-Week RangeMid-range
$40.0045th %ile$99.50
Squeeze SetupVolume-based
No Clear Setup

Volume distribution is neutral or leaning toward distribution. No compelling squeeze setup based on current money flow data.

20-Day Money Flow
Acc days:3
Dist days:4
Edge:+1 dist
Volume Context
Avg Vol (50D)492K
Recent Vol (5D)
670K+36%

Based on volume distribution analysis. Direct short interest data (short float %, days to cover) is not available in current data sources.

Earnings & Analysts

ANALYST ESTIMATES

Consensus of 11 analysts
Analyst revisions:EPS↑ Revised UpRevenue↑ Revised Up

Analyst consensus estimates · Actuals replace estimates as reported

YearRevenue Est.Rev GthEPS Est.EPS GthRangeAnalysts
FY2025
$6.1M
$6.0M$6.1M
-$6.00
±3%
High11
FY2026(current)
$3.2M
$1.9M$6.4M
-47.9%-$6.94
±12%
High8
FY2027
$32.2M
$2.8M$124.8M
+920.5%-$7.42
±20%
High9
Range confidence:Tight (high)ModerateWide (low)
Earnings HistoryIRON
Last 8Q
-4.5%avg beat
Beat 4 of 8 quartersMissed 4 Estimates falling
+7%
Q3'24
+9%
Q4'24
+8%
Q1'25
-3%
Q2'25
-35%
Q3'25
-20%
Q4'25
+4%
Q1'26
-6%
Q2'26
Beat
Miss
Estimate
Deeper color = bigger beat/miss
* Negative EPS shown at reduced height
Analyst Activity
All ratings →
No recent activity
Raymond JamesStrong Buy → Outperform
Apr 1
DOWNGRADE
Raymond JamesStrong Buy
Jun 9
UPGRADE
Zacks Investment Re…Buy
Apr 26
UPGRADE
Insider Activity
SEC Filings →
0 Buys/6 SellsNet Selling
Savage William JacobChief Medical …
$233K
Apr 13
SELL
Savage William JacobChief Medical …
$147K
Apr 13
SELL
Franchi Jean M.CFO
$28K
Apr 13
SELL
Franchi Jean M.CFO
$433K
Apr 14
SELL
Savage William JacobChief Medical …
$288K
Mar 2
SELL
Savage William JacobChief Medical …
$198K
Mar 2
SELL
Financials

INSTITUTIONAL OWNERSHIP

1
FMR LLC
5.6M
2
RA CAPITAL MANAGEMENT, L.P.
2.5M
3
BlackRock, Inc.
2.3M
4
WELLINGTON MANAGEMENT GROUP LLP
1.7M
5
STATE STREET CORP
1.7M
6
PRICE T ROWE ASSOCIATES INC /MD/
1.5M
7
Atlas Venture Life Science Advisors, LLC
1.5M
8
JPMORGAN CHASE & CO
1.4M
News & Activity

IRON News

About

disc medicine is a hematology company harnessing new insights in hepcidin biology to address ineffective red blood cell production (erythropoiesis) in hematologic diseases. focused on the hepcidin pathway, the master regulator of iron metabolism, disc is advancing first-in-class therapies to transform the treatment of hematologic diseases.

Industry
Research and Development in Biotechnology (except Nanobiotechnology)
John D. QuiselChief Executive Officer, President & Director
Hua YangSenior Vice President & Head of Early Development and Clinical Pharmacology
Joseph BeaulieuSenior Vice President of Finance
PeersHealth Care(7 companies)
Screen sector →
SymbolPriceDay %Mkt CapP/ERev GrwMarginELO
IRON
$66.86+0.00%$2.6B1500
$66.13-5.07%$13.0B+12626.1%-14525.8%1500
$94.92-3.79%$12.6B+3288.2%-4239.0%1500
$523.69-3.00%$12.1B+43205.3%-3008.0%1500
$227.72-1.30%$11.7B+6554.5%-2868.8%1500
$57.90-0.86%$11.2B50.3+1459.3%147.7%1500
$76.67-3.79%$10.8B+2325815.3%-19.7%1500
Sector avg-2.54%50.3+398824.8%-4085.6%1500