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Cognition Therapeutics
(NASDAQ:CGTX)
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Rating:42Neutral
Price Target:
$0.70
▼(-31.75% Downside)
Action:Reiterated
Date:10/16/26
The score is primarily constrained by weak financial performance typical of a pre-revenue biotech (ongoing losses and negative free cash flow) and bearish technicals (price below major moving averages with negative MACD). Low leverage and improving loss/burn trends provide some support, but valuation signals are limited due to negative earnings and no dividend yield data.
Positive Factors
Low financial leverage
Very low leverage reduces fixed financial obligations and preserves flexibility while Cognition funds clinical development. Positive equity provides a capital base, allowing management to pursue programs without the added pressure of substantial debt service or refinancing demands.
Negative Factors
No recurring product revenue
The absence of product revenue means Cognition has not yet established a commercial engine to fund operations internally. Progress therefore remains dependent on successful development and eventual commercialization of investigational candidates rather than diversified recurring sales.
Read all positive and negative factors
Positive Factors
Negative Factors
Low financial leverage
Very low leverage reduces fixed financial obligations and preserves flexibility while Cognition funds clinical development. Positive equity provides a capital base, allowing management to pursue programs without the added pressure of substantial debt service or refinancing demands.
Read all positive factors
Cognition Therapeutics (CGTX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$71.23M
Dividend YieldN/A
Average Volume (3M)570.93K
Price to Earnings (P/E)―
Beta (1Y)2.38
Revenue GrowthN/A
EPS Growth70.27%
CountryUS
Employees14
SectorHealthcare
Sector Strength45
IndustryBiotechnology
Share Statistics
EPS (TTM)-0.19
Shares Outstanding95,093,740
10 Day Avg. Volume515,981
30 Day Avg. Volume570,933
Financial Highlights & Ratios
PEG Ratio0.07
Price to Book (P/B)2.87
Price to Sales (P/S)0.00
P/FCF Ratio-4.00
Enterprise Value/Market Cap0.98
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit-542.98
Enterprise Value/Ebitda-4.24
Forecast
1Y Price Target
$3.00Price Target Upside191.26% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.3
Revenue Forecast (FY)N/A
Cognition Therapeutics Business Overview & Revenue Model
Company Description
Cognition Therapeutics, Inc. is a biopharmaceutical company in the clinical stage, focused on identifying and advancing small molecule treatments. The firm's research and development efforts are primarily directed towards age-related neurodegenera...
How the Company Makes Money
As a clinical-stage biotechnology company, Cognition Therapeutics has historically generated little to no recurring revenue from product sales because its drug candidates are investigational and not broadly commercialized. The company’s cash inflo...
Cognition Therapeutics Earnings Call Summary
Earnings Call Date:Mar 20, 2025
(Q4-2024)
| % Change Since: |
Next Earnings Date:Nov 18, 2026
Earnings Call Sentiment Neutral
The earnings call highlights significant progress in clinical efficacy signals and strategic cost management, extending the cash runway. However, challenges remain with increased net losses, NASDAQ compliance issues, and uncertain funding partnerships. The sentiment is balanced by advancements in manufacturing and patent filings.Positive Updates
Strong Efficacy Signals for Zervimesine
The company reported strong efficacy signals from two studies involving Alzheimer's disease and dementia with Lewy bodies (DLB), indicating potential value for patients and investors.
Negative Updates
Net Loss Increase
The company reported a net loss of $34 million for the year ended December 31, 2024, compared to a net loss of $25.8 million in 2023, despite a decrease in general and administrative expenses.
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Q4-2024 Updates
Positive
Negative
Strong Efficacy Signals for Zervimesine
The company reported strong efficacy signals from two studies involving Alzheimer's disease and dementia with Lewy bodies (DLB), indicating potential value for patients and investors.
Read all positive updates
Company Guidance
During the Cognition Therapeutics Fourth Quarter and Full Year 2024 Earnings Call, the company provided guidance on advancing their lead candidate, zervimesine (CT1812), into registrational trials for Alzheimer's disease and dementia with Lewy bodies (DLB). The company plans to submit final study documents to the FDA and request end of Phase II meetings for both indications. Their strategic decision to conclude the Phase II dry AMD study was made to focus resources on Alzheimer's and DLB programs, extending their cash runway into Q4 2025. Cognition reported a net loss of $34 million for 2024 and utilized an ATM facility to raise $12.8 million. They hold approximately $25 million in cash and $50 million in obligated grant funds. The company is also working on securing non-dilutive funding and is confident in regaining NASDAQ compliance within the allotted grace period.Cognition Therapeutics Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -129.00K | 0.00 | 0.00 | 0.00 | -235.00K | 0.00 |
| EBITDA | -16.52M | -23.25M | -33.68M | -25.51M | -21.13M | -10.73M |
| Net Income | -16.77M | -23.49M | -33.97M | -25.79M | 757.00K | -11.72M |
Balance Sheet | ||||||
| Total Assets | 38.90M | 48.39M | 30.23M | 35.16M | 50.42M | 59.14M |
| Cash, Cash Equivalents and Short-Term Investments | 34.01M | 36.81M | 25.01M | 29.92M | 41.56M | 54.72M |
| Total Debt | 511.00K | 638.00K | 814.00K | 1.24M | 1.48M | 0.00 |
| Total Liabilities | 5.87M | 14.12M | 11.48M | 10.69M | 10.18M | 7.86M |
| Stockholders Equity | 33.02M | 34.27M | 18.75M | 24.47M | 40.25M | 51.27M |
Cash Flow | ||||||
| Free Cash Flow | -17.70M | -24.59M | -28.48M | -16.16M | -18.70M | -3.66M |
| Operating Cash Flow | -17.68M | -24.59M | -28.47M | -16.02M | -18.53M | -3.63M |
| Investing Cash Flow | -11.00K | 9.00K | -4.00K | -147.00K | -171.00K | -27.00K |
| Financing Cash Flow | 40.90M | 36.57M | 23.57M | 4.52M | 5.55M | 53.20M |
Cognition Therapeutics Technical Analysis
Negative
1.03
Price Trends
0.92
Negative
1.01
Negative
1.07
Negative
Market Momentum
-0.06
Negative
38.46
Neutral
45.73
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CGTX, the sentiment is Negative. The current price of 1.03 is above the 20-day moving average (MA) of 0.81, above the 50-day MA of 0.92, and below the 200-day MA of 1.07, indicating a bearish trend. The MACD of -0.06 indicates Negative momentum. The RSI at 38.46 is Neutral, neither overbought nor oversold. The STOCH value of 45.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CGTX.
Cognition Therapeutics Risk Analysis
Cognition Therapeutics disclosed 86 risk factors in its most recent earnings report. Cognition Therapeutics reported the most risks in the "Tech & Innovation" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Cognition Therapeutics Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
48 Neutral | $92.10M | -0.41 | -68.99% | ― | 196.02% | 98.71% | |
46 Neutral | $35.67M | -0.33 | -74.90% | <0.01% | ― | 44.73% | |
46 Neutral | $94.29M | -1.10 | -288.36% | ― | ― | 21.42% | |
45 Neutral | $915.52M | -9.41 | -46.46% | ― | ― | -3.04% | |
42 Neutral | $71.23M | -3.90 | -50.17% | ― | ― | 70.27% | |
42 Neutral | $50.12M | -0.87 | -1266.43% | ― | ― | 49.43% |
* Healthcare Sector Average
CGTX
Cognition Therapeutics
0.74
-0.91
-55.21%
TNXP
Tonix Pharma
5.28
-12.78
-70.76%
ACET
Adicet Bio
3.58
-8.89
-71.29%
MIST
Milestone Pharmaceuticals
0.79
-1.09
-58.03%
ELTX
Elicio Therapeutics
1.75
-7.50
-81.08%
ANRO
Alto Neuroscience, Inc.
23.47
9.15
63.90%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.