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Alligator Bioscience AB
(ATORX)
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Rating:44Neutral
Price Target:
kr0.18
▼(-47.06% Downside)
Action:Reiterated
Date:05/14/26
The score is held down primarily by weak financial performance driven by persistent losses and significant cash burn, despite some balance-sheet improvement. Technicals also remain soft with a negative MACD and price well below the 200-day average, while valuation is only moderately supportive given a ~16.4 P/E and no dividend yield.
Positive Factors
Improved balance sheet
Material improvement in leverage and a return to positive equity reduce near-term refinancing and solvency risk. This stronger capital structure lengthens runway for clinical programs, lowers pressure for urgent dilutive financings, and supports multimonth development and partnering activities.
Negative Factors
High cash burn
Very large negative operating and free cash flow implies ongoing funding requirements and runway risk. Continued cash burn constrains the ability to advance multiple trials concurrently, increases likelihood of capital raises, and can force reprioritization of programs over a multi-month horizon.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved balance sheet
Material improvement in leverage and a return to positive equity reduce near-term refinancing and solvency risk. This stronger capital structure lengthens runway for clinical programs, lowers pressure for urgent dilutive financings, and supports multimonth development and partnering activities.
Read all positive factors
Alligator Bioscience AB (ATORX) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr99.42M
Dividend YieldN/A
Average Volume (3M)1.75M
Price to Earnings (P/E)―
Beta (1Y)1.11
Revenue Growth-98.99%
EPS Growth86.37%
CountrySE
Employees11
SectorHealthcare
Sector Strength45
IndustryBiotechnology
Share Statistics
EPS (TTM)-1.07
Shares Outstanding534,516,970
10 Day Avg. Volume1,169,449
30 Day Avg. Volume1,745,933
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)1.35
Price to Sales (P/S)18.04
P/FCF Ratio-0.06
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-1.75
Revenue Forecast (FY)N/A
Alligator Bioscience AB Business Overview & Revenue Model
Company Description
Alligator Bioscience AB (publ) is a research-intensive biotechnology company based in Lund, Sweden, focused on developing innovative antibody-based treatments for cancer. The company leverages several proprietary technology platforms to drive its ...
How the Company Makes Money
Alligator Bioscience’s business model is typical of clinical-stage biotechnology companies: it develops proprietary drug candidates and seeks to monetize them primarily through partnering rather than through product sales (the company is not known...
Alligator Bioscience AB Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
38
Negative
Cash Flow
9
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 603.00K | 514.00K | 57.77M | 58.11M | 35.70M | 12.94M |
| Gross Profit | -49.16M | -54.82M | 57.77M | 58.11M | -112.03M | -74.04M |
| EBITDA | -43.74M | -121.98M | -165.47M | -237.61M | -180.99M | -130.39M |
| Net Income | -41.56M | -51.35M | -233.89M | -248.59M | -193.40M | -141.74M |
Balance Sheet | ||||||
| Total Assets | 95.02M | 110.60M | 104.34M | 118.45M | 169.58M | 333.20M |
| Cash, Cash Equivalents and Short-Term Investments | 32.98M | 62.20M | 64.31M | 66.12M | 97.31M | 278.15M |
| Total Debt | 32.38M | 43.15M | 43.57M | 16.10M | 24.50M | 9.74M |
| Total Liabilities | 53.74M | 103.74M | 234.93M | 106.59M | 80.53M | 50.93M |
| Stockholders Equity | 41.28M | 6.86M | -130.59M | 11.86M | 89.05M | 282.27M |
Cash Flow | ||||||
| Free Cash Flow | -137.83M | -157.45M | -212.43M | -191.74M | -173.05M | -127.08M |
| Operating Cash Flow | -137.83M | -155.99M | -212.43M | -189.28M | -172.61M | -127.03M |
| Investing Cash Flow | 0.00 | 2.21M | 0.00 | -2.46M | -440.00K | -45.00K |
| Financing Cash Flow | 142.17M | 152.59M | 211.27M | 161.56M | -7.83M | 301.80M |
Alligator Bioscience AB Technical Analysis
Neutral
0.34
Price Trends
0.19
Negative
0.20
Negative
0.33
Negative
Market Momentum
>-0.01
Negative
52.39
Neutral
43.14
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:ATORX, the sentiment is Neutral. The current price of 0.34 is above the 20-day moving average (MA) of 0.18, above the 50-day MA of 0.19, and above the 200-day MA of 0.33, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 52.39 is Neutral, neither overbought nor oversold. The STOCH value of 43.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:ATORX.
Alligator Bioscience AB 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% | |
50 Neutral | kr44.64M | -1.71 | -457.91% | ― | ― | -28.21% | |
49 Neutral | kr135.57M | -2.57 | -21.31% | ― | -100.00% | 11.65% | |
49 Neutral | kr120.08M | -2.50 | -52.45% | ― | 7.80% | 42.81% | |
48 Neutral | kr145.65M | 1.64 | -294.38% | ― | 57.22% | ― | |
44 Neutral | kr99.42M | -0.17 | ― | ― | -98.99% | 86.37% | |
44 Neutral | kr136.02M | -224.35 | -1291.15% | ― | ― | 49.74% |
* Healthcare Sector Average
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Alligator Bioscience AB Corporate Events
Alligator Bioscience Backs Intratumoral Mitazalimab Study in Early Breast Cancer
Jul 2, 2026
Alligator Bioscience has reported the first patient dosed in an investigator-initiated clinical trial of intratumoral mitazalimab in early-stage breast cancer at an Ivy League institution in the United States. The study administers a single intrat...
Alligator Bioscience Sees Revenue Upside as HLX22 Global Phase 3 Reaches Key Milestone
Jun 8, 2026
Alligator Bioscience highlighted progress in a global Phase 3 trial of HLX22, an innovative anti-HER2 monoclonal antibody for gastric cancer developed by Shanghai Henlius Biotech under license from AbClon. The trial has now dosed its first patient...
Alligator Bioscience Sees Long-Term Revenue Potential in Henlius’ HLX22 Progress
May 22, 2026
Alligator Bioscience has commented on an update from Shanghai Henlius Biotech regarding long-term follow-up data for HLX22, an anti-HER2 monoclonal antibody with orphan drug designation in the U.S. and EU for gastric cancer. Henlius reported that ...
Alligator Bioscience AGM Backs Loss Carryforward and Expands Capital-Raising Mandate
May 6, 2026
Alligator Bioscience AB’s annual general meeting adopted the 2025 accounts, confirmed that no dividend will be paid, and decided that the accumulated loss of SEK 83.3 million will be carried forward, underscoring the company’s continue...
Alligator Bioscience Advances Oncology Pipeline and Bolsters Capital Base in Q1 2026
May 5, 2026
Alligator Bioscience reported a steady first quarter of 2026 operationally, with no major events but continued progress across its oncology pipeline and platforms. The company highlighted new and updated mitazalimab data from the OPTIMIZE 1 study ...
Alligator Bioscience Sets May 5 Earnings Call as Lead Cancer Drug Nears Phase 3
Apr 28, 2026
Alligator Bioscience, a Lund-based biotech listed on Nasdaq Stockholm, specializes in tumor-directed antibody immuno-oncology therapies centered on CD40 receptor targeting, with lead asset mitazalimab advancing toward Phase 3 after strong survival...
Alligator Bioscience Sees Long-Term Upside in Henlius HER2 ADC Progress
Apr 23, 2026
Alligator Bioscience highlighted preclinical data presented by partner Shanghai Henlius Biotech for HLX49, a HER2 biparatopic antibody–drug conjugate developed from the HER2-specific monoclonal antibody HLX22, at the AACR 2026 meeting in San...
Alligator Bioscience Reports New Mitazalimab Immunotherapy Data Ahead of Phase 3 Push
Apr 20, 2026
Alligator Bioscience announced that new data on its CD40 agonist antibody mitazalimab, administered intratumorally alongside irreversible electroporation, will be presented at the AACR Annual Meeting 2026 in San Diego. The Phase 1 investigator-ini...
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.