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Daxor (DXR) AI Stock Analysis

DXR

Daxor

(NASDAQ:DXR)

Select Model
Rating:65Neutral
Price Target:$10.00â–²(8.70% Upside)
Action:reiterated
Date:09/25/26

The score is driven primarily by mixed financial quality: a very strong, low-debt balance sheet helps, but volatile revenue and inconsistent, often negative cash flow reduce confidence in earnings durability. Technicals are supportive with the stock trading above key moving averages and positive MACD, and valuation looks reasonable with a low P/E, partially offsetting the operating and cash-flow risks.

Positive Factors
Very low leverageMinimal debt and a sizable equity cushion reduce financial strain and leave more flexibility to fund product development, commercialization, and clinical adoption. This stronger balance-sheet position also improves resilience if revenue remains uneven or operating investments take longer to produce returns.
Negative Factors
Severe revenue volatilitySharp swings in revenue make it difficult to establish a dependable growth trajectory or forecast future operating results. The post-spike decline suggests that recent performance has not yet demonstrated repeatable demand, increasing execution risk as Daxor seeks broader clinical adoption.

Daxor (DXR) vs. SPDR S&P 500 ETF (SPY)

-40%-30%-20%-10%0%10%20%DXR-31.85%SPY+11.79%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
$53.71M
Dividend Yield
―
Average Volume (3M)
21.30K
Price to Earnings (P/E)
7.5
Beta (1Y)
0.62
Revenue Growth
-85.48%
EPS Growth
234.88%
Country
US
Employees
37
Sector
Healthcare
Sector Strength
51
Industry
Medical - Instruments & Supplies

Daxor Business Overview & Revenue Model

Company Description

Based in Oak Ridge, Tennessee, Daxor Corporation is a medical technology enterprise founded in 1971. The company specializes in blood volume measurement, developing and commercializing the BVA-100 Blood Volume Analyzer. This diagnostic instrument off...

Daxor Earnings Call Summary

Earnings Call Date:Mar 05, 2025(Q4-2024)|% Change Since:18.42%|Next Earnings Date:Mar 09, 2027
Earnings Call SentimentPositive

The earnings call presented a robust performance with significant revenue growth, successful strategic acquisitions, and expanded clinical partnerships. Despite a delay in FDA approval and a decrease in unrealized appreciation, the company showcased strong momentum and promising developments for the future.

Positive Updates

Increase in Net Asset Value
Daxor's net assets increased from $34,010,384 in 2023 to $36,789,893 in 2024, reflecting a rise in net asset value per share from $7.08 to $7.25.

Negative Updates

Net Decrease in Unrealized Appreciation
There was a net decrease of $1,148,350 in the unrealized appreciation on investments due to the sale of positions with prior significant unrealized gains.

Company Guidance

During the Daxor Corporation Conference Call for the 2024 fiscal year, management provided several key financial and operational metrics. As of December 31st, 2024, the company's net assets increased to $36,789,893 or $7.25 per share, compared to $34,010,384 or $7.08 per share at the end of 2023. The company's net income included net dividend income of $104,115 and net realized gains on investments of $1,359,163, offset by a net decrease in unrealized appreciation of $1,148,350. The company invested $1,614,124 into its operating division for research and development, sales, and production facilities in anticipation of a 2025 product launch. Additionally, Daxor achieved a cash flow breakeven in early 2025, excluding costs related to stock-based compensation, depreciation, amortization, or CapEx. Revenue increased by 116.5% from 2023 to 2024, with a further year-on-year increase of over 100% in the first two months of 2025. The company also reported significant clinical progress with the adoption of its Blood Volume Analyzer (BVA) technology across various medical disciplines, laying the groundwork for further growth and innovation in healthcare solutions.

Daxor Financial Statement Overview

Summary

Balance sheet strength (very low leverage and a sizable equity cushion) supports a higher score, but it is offset by unstable operations: revenue has been volatile with a sharp 2025 decline after a 2023 spike, and cash generation is weak with negative operating and free cash flow in multiple years, suggesting uneven cash conversion and elevated execution risk.

Income Statement

56Neutral

Balance Sheet

84Very Positive

Cash Flow

34Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue154.87K503.42K2.13M34.59M-353.36K-2.62M
Gross Profit-164.96K188.74K2.13M34.41M-1.44M-3.62M
EBITDA6.23M9.19M2.06M1.12M6.11M5.51M
Net Income6.23M9.17M536.33K280.64K5.18M4.75M
Balance Sheet
Total Assets51.86M46.01M36.63M34.87M30.26M24.98M
Cash, Cash Equivalents and Short-Term Investments5.79M0000710.70K
Total Debt0112.00K729.97K755.66K1.23M3.02M
Total Liabilities23.60K122.59K840.30K858.76K1.29M3.83M
Stockholders Equity51.83M45.89M35.79M34.01M28.97M21.15M
Cash Flow
Free Cash Flow-2.81M-604.42K25.69K-3.66M-769.30K-2.76M
Operating Cash Flow-2.81M-604.42K25.69K-3.66M-769.30K-2.76M
Investing Cash Flow-5.37M1.18M1.94M2.75M2.69M74.76K
Financing Cash Flow8.18M-570.94K-25.69K3.66M58.60K2.85M

Daxor Technical Analysis

Technical Analysis SentimentNegative
Last Price9.20

Price Trends

50DMA10.43Negative
100DMA10.36Negative
200DMA10.72Negative

Market Momentum

MACD-0.46Positive
RSI35.46Neutral
STOCH24.79Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DXR, the sentiment is Negative. The current price of 9.20 is below the 20-day moving average (MA) of 9.82, below the 50-day MA of 10.43, and below the 200-day MA of 10.72, indicating a bearish trend. The MACD of -0.46 indicates Positive momentum. The RSI at 35.46 is Neutral, neither overbought nor oversold. The STOCH value of 24.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DXR.

Daxor Peers Comparison

Overall Rating

UnderperformOutperform
Sector (51)

Financial Indicators

DXR against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
MMSIMMSI71Outperform$5.17B32.069.65%―9.34%33.77%
PDEXPDEX68Neutral$188.04M15.5526.18%―13.31%9.26%
DXRDXR65Neutral$53.71M7.4812.75%―-85.48%234.88%
Sector *51Neutral$7.86B-0.30-43.30%2.27%22.53%-2.21%
FEMYFEMY45Neutral$11.47M-0.30-225.98%―21.86%73.27%
MLSSMLSS39Underperform$27.61M-6.38-149.08%―3.72%43.78%

* Healthcare Sector Average

Performance Comparison

-50%0%50%100%DXRMMSIPDEXMLSSFEMYDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
DXR and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
DXRDaxor Corporation9.20-3.89-29.72%
MMSIMerit Medical86.24-1.10-1.26%
PDEXPro-dex58.1622.2662.01%
MLSSMilestone Scientific Inc0.30-0.11-27.45%
FEMYFemasys, Inc.1.37-11.77-89.58%
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.

Date of analysis: Sep 25, 2026