SPRY
Earnings in 9 days · May 13, 2026 · Before open
Signal
Bullish Setup2
Price
1
Move+3.63%Strong session
Volume
1
Volume1.1× avgNormal activity
Technical
1
RSIRSI 52Momentum positive
PRICE
Prev Close
8.26
Open
8.28
Day Range8.12 – 8.64
8.12
8.64
52W Range6.66 – 18.90
6.66
18.90
16% of range
VOLUME & SIZE
Avg Volume
1.4M
FUNDAMENTALS
P/E Ratio
-4.9x
Not profitable
EPS (TTM)
Div Yield
No dividend
Beta
1.00
Market-like
Performance
1D
+3.63%
5D
+8.77%
1M
+2.03%
3M
-15.58%
6M
-1.72%
YTD
-26.52%
1Y
-39.97%
Best: 5D (+8.77%)Worst: 1Y (-39.97%)
Quick Read
TrendInsufficient MA data
Momentum
NEUTRAL
rev -5% · 76% gross margin
Valuation
FAIR
P/E not available
Health
WEAK
CR 7.3 · FCF negative
Lean Bearish
Key MetricsTTM
Market Cap$849.98M
Revenue TTM$84.28M
Net Income TTM-$171.30M
Free Cash Flow-$171.21M
Gross Margin75.8%
Net Margin-203.3%
Operating Margin-212.9%
Return on Equity-100.3%
Return on Assets-52.3%
Debt / Equity0.85
Current Ratio7.28
EPS TTM$-1.74
Alpha SignalsFull Analysis →
What Moves This Stock

neffy prescription volume trends and market share capture versus traditional epinephrine auto-injectors

Insurance coverage decisions and formulary positioning (commercial, Medicare Part D, Medicaid)

Clinical data releases for label expansion opportunities (pediatric trials, additional indications)

Commercial execution metrics: sales force productivity, physician adoption rates, patient refill rates

Macro Sensitivity
Economic Cycle

low - Emergency epinephrine products are medically necessary for patients with severe allergies and anaphylaxis risk, making demand relatively recession-resistant. However, commercial launch success can be affected by healthcare spending patterns, insurance benefit design changes during economic stress, and patient out-of-pocket cost sensitivity. Prescription volume growth may slow if high-deductible health plans increase patient cost-sharing or if employers reduce pharmacy benefits during downturns.

Interest Rates

Rising interest rates create moderate headwinds through two channels: (1) Higher discount rates compress valuation multiples for unprofitable growth companies, particularly impacting biotech stocks trading on future earnings potential rather than current cash flows; (2) Increased financing costs if the company needs to raise additional capital through debt or dilutive equity offerings to fund operations until profitability. The company's 6.66x current ratio and minimal debt (0.01 D/E) provide near-term cushion, but cash burn requires monitoring.

Key Risks

Single-product dependency creates binary risk if neffy faces safety issues, competitive threats from improved auto-injectors, or alternative delivery mechanisms (oral, sublingual) that could disrupt the epinephrine market

Regulatory risk from FDA post-marketing requirements, potential label restrictions, or adverse event reporting that could limit commercial opportunity

Reimbursement pressure as payers increasingly scrutinize specialty pharmaceutical pricing and may favor lower-cost generic auto-injectors despite neffy's differentiation

Investor Profile

growth - Attracts speculative growth investors focused on commercial-stage biotech with single-product launch dynamics. The 297,000%+ revenue growth (off near-zero base) and recent 34% three-month return despite negative one-year performance indicates momentum-driven trading. High volatility and binary outcomes typical of small-cap biotech appeal to risk-tolerant investors betting on successful commercial execution. Not suitable for value or income investors given negative profitability, no dividends, and high valuation multiples (6.6x P/S despite losses).

Watch on Earnings
Weekly neffy prescription data from IQVIA or Symphony Health tracking TRx and NRx trendsInsurance coverage breadth: percentage of covered lives with formulary access and tier positioningGross-to-net revenue percentage indicating rebate and discount levels required for market accessCash burn rate and quarters of runway based on operating cash flow trends
Health Radar
2 strong1 watch3 concern
36/100
Liquidity
7.28Strong
Leverage
0.85Strong
Coverage
0.0xConcern
ROE
-100.3%Concern
ROIC
-62.0%Concern
Cash
$41MWatch
ANALYST COVERAGE10 analysts
BUY
+203.7%upside to target
L $25.00
Med $26.00consensus
H $30.00
Strong Buy
110%
Buy
330%
Hold
660%
4 Buy (40%)6 Hold (60%)0 Sell (0%)
Full report →
Stock Health
Composite Score
4 of 5 signals bullish
8/10
Technicals
RSI RangeRSI 52 — Bullish momentum
Volume
Volume FlowLean Accumulation
Fundamentals
Last EarningsMissed estimates
Analyst ConsensusBuy
LiquidityCurrent Ratio 7.28 — healthy liquidity
Upcoming Events
EEarnings Report · After CloseMay 5, 2026
Tomorrow
DEx-Dividend DateAug 2, 2026
In 90 days
Technicals
Technical SetupBEARISH
Technicals →

Trend

DowntrendDeath Cross · 50D trails 200D by 14.4%

-18.2% vs SMA 50 · -29.9% vs SMA 200

Momentum

RSI52.1
Neutral territory
MACD-0.40
Below zero — bearish pulse · compressing
Market Position
Price Levels
52W High
$18.90+120.8%
EMA 200
$12.09+41.2%
EMA 50
$10.01+16.9%
Current
$8.56
52W Low
$6.66-22.2%
52-Week RangeNear 52-week low
$6.6616th %ile$18.90
Squeeze SetupVolume-based
Moderate Squeeze Setup

Accumulation pattern present — more buying days than selling over the past 20 sessions. Volume conditions support gradual price improvement.

20-Day Money Flow
Acc days:4
Dist days:2
Edge:+2 acc
Volume Context
Avg Vol (50D)1.5M
Recent Vol (5D)
1.2M-21%

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 6 analysts
Analyst revisions:EPS↓ Revised DownRevenue↓ Revised Down

Analyst consensus estimates · Actuals replace estimates as reported

YearRevenue Est.Rev GthEPS Est.EPS GthRangeAnalysts
FY2025
$81.7M
$77.9M$86.0M
-$1.72
±9%
High5
FY2026(current)
$154.2M
$133.8M$172.5M
+88.6%-$1.52
±24%
High6
FY2027
$286.0M
$198.7M$319.5M
+85.5%-$0.64
±50%
High6
Range confidence:Tight (high)ModerateWide (low)
Earnings HistorySPRY
Last 8Q
+169.1%avg beat
Beat 1 of 8 quartersMissed 4 Estimates falling
Q2'24
-8%
Q3'24
-11%
Q4'24
+1400%
Q1'25
Q2'25
-12%
Q3'25
-16%
Q4'25
Q1'26
Beat
Miss
Estimate
Deeper color = bigger beat/miss
* Negative EPS shown at reduced height
Analyst Activity
All ratings →
No recent activity
Raymond JamesOutperform → Strong Buy
Aug 12
UPGRADE
Leerink PartnersOutperform
Mar 5
UPGRADE
William BlairMarket Perform → Outperform
Feb 20
UPGRADE
William BlairOutperform → Market Perform
Sep 21
DOWNGRADE
Insider Activity
SEC Filings →
0 Buys/6 SellsNet Selling
Dorsey BrianCOO
$190K
Nov 13
SELL
Chakma JustinChief Business…
$267K
Nov 12
SELL
Chakma JustinChief Business…
$1.2M
Nov 12
SELL
Lowenthal Richard EDir
$724K
Aug 21
SELL
Scott Kathleen D.CFO
$188K
Aug 21
SELL
Tanimoto SarinaCHIEF MEDICAL …
$173K
Aug 19
SELL
Financials

INSTITUTIONAL OWNERSHIP

1
abrdn plc
4.1M
2
Janney Montgomery Scott LLC
2.0M
3
GENERAL AMERICAN INVESTORS CO INC
727K
4
Nuveen, LLC
151K
5
Cambridge Investment Research Advisors, Inc.
87K
6
VALLEY FORGE INVESTMENT CONSULTANTS INC ADV
83K
7
AssuredPartners Investment Advisors, LLC
76K
8
PROFUND ADVISORS LLC
52K
News & Activity

SPRY News

20 articles · 4h ago

About

Silverback Therapeutics, Inc. operates as a biotechnology company. The Company discovers and develops novel and proprietary ImmunoTAC technology, which is designed to create potent therapeutic molecules that can be systemically administered to patients. Silverback Therapeutics serves customers worldwide.

Industry
Pharmaceutical Preparation Manufacturing
Richard Lowenthal MSMSELCo-Founder, President, Chief Executive Officer & Director
Daniel RelovskySenior Vice President of Marketing
Harris KaplanExecutive Vice President of Commercial Strategy
PeersHealth Care(7 companies)
Screen sector →
SymbolPriceDay %Mkt CapP/ERev GrwMarginELO
SPRY
$8.56+3.63%$850M-546.4%-20325.4%1500
$68.56-3.59%$13.3B+12626.1%-14525.8%1500
$513.72-0.71%$11.8B+43205.3%-3008.0%1500
$87.60+0.60%$11.5B+3288.2%-4239.0%1500
$183.72-1.59%$10.7B29.2+1871.5%680.1%1500
$206.53-0.59%$10.6B+6554.5%-2868.8%1500
$74.81+1.81%$10.5B51.8+2325815.3%-19.7%1500
Sector avg-0.06%40.5+341830.6%-6329.5%1500