Plus Therapeutics (PSTV)
NASDAQ:PSTV
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Plus Therapeutics
(NASDAQ:PSTV)
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Rating:45Neutral
Price Target:
$4.50
▲(675.86% Upside)
Action:Reiterated
Date:06/17/26
The score is held down primarily by weak financial sustainability (large losses and significant negative free cash flow on a small revenue base). Technicals also reflect a bearish trend, despite oversold signals. Positive corporate developments (Orphan Drug status and Nasdaq compliance restoration) provide some offset, while valuation signals are limited due to negative earnings and no dividend.
Positive Factors
Orphan Drug Designation for REYOBIQ
Orphan designation provides multi-year market exclusivity, fee reductions and tax incentives that materially improve commercial economics and partner interest for a rare CNS indication. This strengthens long-term commercialization prospects and makes partnering or licensing more attractive.
Negative Factors
Persistent negative cash flow / cash burn
Sustained large negative operating and free cash flows indicate the company cannot self-fund development at current scale. This structural cash burn forces repeated external financing, which can delay programs and constrain strategic choices absent successful partnering or new revenue.
Read all positive and negative factors
Positive Factors
Negative Factors
Orphan Drug Designation for REYOBIQ
Orphan designation provides multi-year market exclusivity, fee reductions and tax incentives that materially improve commercial economics and partner interest for a rare CNS indication. This strengthens long-term commercialization prospects and makes partnering or licensing more attractive.
Read all positive factors
Plus Therapeutics (PSTV) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$28.91M
Dividend YieldN/A
Average Volume (3M)151.41K
Price to Earnings (P/E)―
Beta (1Y)1.48
Revenue Growth-0.46%
EPS Growth96.28%
CountryUS
Employees21
SectorHealthcare
Sector Strength45
IndustryBiotechnology
Share Statistics
EPS (TTM)-417.08
Shares Outstanding6,883,106
10 Day Avg. Volume159,625
30 Day Avg. Volume151,409
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)9.98
Price to Sales (P/S)7.65
P/FCF Ratio-1.91
Enterprise Value/Market Cap0.28
Enterprise Value/Revenue1.57
Enterprise Value/Gross Profit1.69
Enterprise Value/Ebitda-0.99
Forecast
1Y Price Target
$42.33Price Target Upside7198.85% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)-3.92
Revenue Forecast (FY)$6.04M
Plus Therapeutics Business Overview & Revenue Model
Company Description
Plus Therapeutics, Inc. operates as a clinical-stage pharmaceutical company, dedicated to the development, manufacturing, and market introduction of therapeutic solutions for cancer patients and individuals with other serious illnesses. A cornerst...
How the Company Makes Money
Plus Therapeutics is a clinical-stage company and does not consistently generate product sales like a commercial pharmaceutical company. Its ability to make money is primarily tied to (1) external financing and (2) potential future monetization of...
Plus Therapeutics Earnings Call Summary
Earnings Call Date:Mar 27, 2025
(Q4-2024)
| % Change Since: |
Next Earnings Date:Aug 19, 2026
Earnings Call Sentiment Positive
The earnings call presented a mix of promising clinical trial results, successful financing, and strategic acquisitions that position Plus Therapeutics for future growth. However, these positives were offset by an increase in operating loss and a decline in cash reserves. The overall sentiment leans towards optimism due to strong forward-looking developments.Positive Updates
Successful Financing and Partnerships
Plus Therapeutics raised $15 million in an underwritten equity financing and received $2 million in accelerated grant proceeds from CPRIT. This strengthens the balance sheet and provides funding through mid-2026. Partnerships with SpectronRX, IsoTherapeutics, RadioMedix, and ABX were also announced to ensure supply chain management for REYOBIQ.
Negative Updates
Operating Loss Increase
The company reported an operating loss of $14.7 million in 2024, up from $13.3 million in 2023, primarily due to increased spending related to the ReSPECT-LM trial.
Read all updates
Q4-2024 Updates
Positive
Negative
Successful Financing and Partnerships
Plus Therapeutics raised $15 million in an underwritten equity financing and received $2 million in accelerated grant proceeds from CPRIT. This strengthens the balance sheet and provides funding through mid-2026. Partnerships with SpectronRX, IsoTherapeutics, RadioMedix, and ABX were also announced to ensure supply chain management for REYOBIQ.
Read all positive updates
Company Guidance
In the recent Plus Therapeutics' Fourth Quarter and Full Year 2024 Results Conference Call, the company provided extensive guidance on its financial and clinical milestones. The company completed a $15 million equity financing and received $2 million in accelerated grant proceeds from CPRIT, securing funding through mid-2026. Key clinical updates included the completion of the ReSPECT-LM Phase 1 trial, establishing a recommended Phase 2 dose of 44 millicuries for their lead drug REYOBIQ, which showed promising safety and efficacy data. Plus Therapeutics plans to conduct an end-of-Phase 1 meeting with the FDA to finalize the path to approval, especially for LM related to breast cancer. Additionally, the company aims to advance its CNSide diagnostics platform, projecting significant market potential and a planned full launch within the year. Financially, the company reported a net loss of $13 million for 2024, compared to $13.3 million in 2023, and highlighted an expected 2025 grant revenue of $6 to $8 million.Plus Therapeutics Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
43
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.18M | 5.21M | 5.82M | 4.91M | 224.00K | 0.00 |
| Gross Profit | 4.81M | 4.77M | 4.97M | -4.78M | -488.00K | -66.00K |
| EBITDA | -8.21M | -18.33M | -8.40M | -12.29M | -18.85M | -12.05M |
| Net Income | -11.93M | -22.39M | -12.98M | -13.32M | -20.27M | -13.40M |
Balance Sheet | ||||||
| Total Assets | 19.92M | 16.32M | 6.63M | 11.39M | 23.87M | 21.98M |
| Cash, Cash Equivalents and Short-Term Investments | 3.02M | 8.76M | 3.61M | 8.55M | 18.12M | 18.40M |
| Total Debt | 725.00K | 821.00K | 3.37M | 4.18M | 5.75M | 6.99M |
| Total Liabilities | 7.96M | 12.33M | 15.58M | 12.74M | 17.42M | 11.14M |
| Stockholders Equity | 11.96M | 4.00M | -8.95M | -1.35M | 6.45M | 10.84M |
Cash Flow | ||||||
| Free Cash Flow | -21.72M | -20.84M | -10.70M | -13.01M | -13.73M | -10.42M |
| Operating Cash Flow | -20.84M | -20.77M | -10.55M | -12.85M | -12.97M | -10.28M |
| Investing Cash Flow | -12.95M | -854.00K | -4.11M | -160.00K | -759.00K | -82.00K |
| Financing Cash Flow | 26.94M | 30.31M | 6.19M | 3.44M | 13.45M | 20.42M |
Plus Therapeutics Technical Analysis
Negative
0.58
Price Trends
5.84
Negative
6.06
Negative
9.90
Negative
Market Momentum
-0.40
Positive
28.89
Positive
2.53
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PSTV, the sentiment is Negative. The current price of 0.58 is below the 20-day moving average (MA) of 5.57, below the 50-day MA of 5.84, and below the 200-day MA of 9.90, indicating a bearish trend. The MACD of -0.40 indicates Positive momentum. The RSI at 28.89 is Positive, neither overbought nor oversold. The STOCH value of 2.53 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for PSTV.
Plus Therapeutics Risk Analysis
Plus Therapeutics disclosed 62 risk factors in its most recent earnings report. Plus 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
Plus Therapeutics Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
52 Neutral | $27.05M | -0.52 | -70.57% | ― | -100.00% | 21.30% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
51 Neutral | $204.42M | -1.02 | 73.11% | ― | 6.33% | -102.63% | |
49 Neutral | $29.02M | -0.56 | -503.79% | ― | ― | 82.28% | |
45 Neutral | $28.91M | -2.34 | -198.48% | ― | -0.46% | 96.28% | |
44 Neutral | $67.20M | -0.79 | -64.43% | ― | ― | 9.80% | |
42 Neutral | $24.67M | -1.60 | -64.17% | ― | -100.00% | 94.65% |
* Healthcare Sector Average
PSTV
Plus Therapeutics
4.20
-0.41
-8.83%
KPTI
Karyopharm Therapeutics
9.02
4.69
108.31%
TVRD
Tvardi Therapeutics
2.63
-22.75
-89.64%
BRNS
Barinthus Biotherapeutics
0.66
-0.23
-25.53%
SNTI
Senti Biosciences
0.93
-1.06
-53.22%
ACRV
Acrivon Therapeutics, Inc.
1.57
0.39
33.05%
Plus Therapeutics Corporate Events
Private Placements and FinancingRegulatory Filings and Compliance
Plus Therapeutics Launches New At-The-Market Equity Program
Neutral
Jun 5, 2026
On June 1, 2026, Plus Therapeutics, Inc. entered into an Equity Distribution Agreement with Canaccord Genuity LLC that allows the company to sell up to $17.35 million of its common stock in an at-the-market offering, with Canaccord acting as sales...
Executive/Board ChangesShareholder Meetings
Plus Therapeutics Stockholders Back Directors and Incentive Plan
Positive
May 15, 2026
Plus Therapeutics, Inc. held its 2026 Annual Meeting of Stockholders on May 14, 2026, with a quorum represented by 64,857,321 shares out of 171,550,698 outstanding as of the March 18, 2026 record date. Stockholders elected six directors to serve u...
Delistings and Listing ChangesRegulatory Filings and ComplianceStock Split
Plus Therapeutics Regains Nasdaq Listing Compliance After Reverse Split
Positive
Apr 21, 2026
On April 20, 2026, Plus Therapeutics received notice from Nasdaq that it had regained compliance with the exchange’s minimum bid price requirement for continued listing on the Nasdaq Capital Market. The compliance followed a one-for-twenty-f...
Business Operations and StrategyExecutive/Board Changes
Plus Therapeutics Appoints New Chief Development Officer
Positive
Apr 9, 2026
On April 9, 2026, Plus Therapeutics announced the appointment of Eric J. Daniels, M.D., as chief development officer, effective April 20, 2026, tasking him with overseeing development and ultimate approval of the company’s pharmaceutical pip...
Business Operations and StrategyProduct-Related AnnouncementsRegulatory Filings and Compliance
Plus Therapeutics Gains FDA Orphan Status for REYOBIQ
Positive
Apr 8, 2026
On April 8, 2026, Plus Therapeutics announced that the U.S. Food and Drug Administration granted Orphan Drug Designation to its lead radiotherapeutic candidate REYOBIQ for the treatment of pediatric malignant gliomas, with the designation applying...
Delistings and Listing ChangesRegulatory Filings and ComplianceStock Split
Plus Therapeutics Enacts Reverse Stock Split to Maintain Listing
Neutral
Apr 2, 2026
Plus Therapeutics has implemented a 1-for-25 reverse stock split of its common stock, converting every 25 issued and outstanding shares into one share without changing the $0.001 par value or stockholder voting rights. The move, approved by stockh...
Business Operations and StrategyExecutive/Board Changes
Plus Therapeutics Adds Industry Veteran Ronald Andrews to Board
Positive
Mar 26, 2026
On March 20, 2026, Plus Therapeutics, Inc. appointed industry veteran Ronald A. Andrews as an independent director to its board, filling the vacancy created by the resignation of Dr. Robert Lenk, who left without any disagreement over the company&...
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.