Athira Pharma (ATHA) AI Stock Analysis

• Market Cap: $11.91M
• Dividend Yield: N/A
• Average Volume (3M): 201.71K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.17
• Revenue Growth: N/A
• EPS Growth: 18.61%
• Country: US
• Employees: 26
• Sector: Healthcare
• Sector Strength: 72
• Industry: Biotechnology
• EPS (TTM): -2.52
• Shares Outstanding: 39,042,446
• 10 Day Avg. Volume: 116,925
• 30 Day Avg. Volume: 201,708
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -0.10
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 3

Athira Pharma's stock score is driven by its early-stage biotech financial profile marked by no revenue and significant financial risks. Despite a strong cash position, the negative cash flow and lack of revenue growth are major concerns. Technical indicators point to a bearish trend, and valuation metrics reflect high risk due to negative earnings. Investors should be cautious of the stock's current trajectory without commercialized products or revenue.

Positive Factors

Clinical Development

ATH-1105 has demonstrated a favorable safety profile and was well-tolerated in a Phase 1 study, supporting continued clinical development.

Management Strategy

Management highlighted its confidence in ATH-1105 noting that it has a greater (>90%) BBB penetrance compared to fosgonimeton due to optimized design that enables more absorption and BBB penetrance.

Negative Factors

Financial Challenges

Given the discontinuation of fosgonimeton, ATHA has significantly restructured and reduced future operating expenses, indicating financial challenges.

Partnership Challenges

The company is unlikely to advance the program without a partner, and a partnership is unlikely to materialize due to the challenging ALS space and negative data for prior lead asset.

Athira Pharma Business Overview & Revenue Model

Company Description

Athira Pharma, Inc., a late clinical-stage biopharmaceutical company, focuses on developing small molecules to restore neuronal health and slow neurodegradation. The company's lead product candidate is ATH-1017, a blood brain barrier-penetrating, small molecule HGF/MET positive modulator that is in LIFT-AD Phase 3 and ACT-AD Phase 2 clinical trials for the treatment of Alzheimer's disease, as well as is in Phase 2 clinical trials to treat Parkinson's disease. It also develops product candidates, which are in preclinical stage, including ATH-1019 for peripheral nervous system indications; and ATH-1020 for neuropsychiatric conditions. Athira Pharma, Inc. was formerly known as M3 Biotechnology, Inc. and changed its name to Athira Pharma, Inc. in April 2019. The company was incorporated in 2011 and is headquartered in Bothell, Washington.

How the Company Makes Money

Athira Pharma primarily generates revenue through the development and commercialization of its proprietary therapeutic candidates. As a clinical-stage company, Athira does not yet have products on the market, so its primary sources of funding include public and private investments, grants, and collaborations with other pharmaceutical companies. Once its therapies, such as fosgonimeton, gain regulatory approval, Athira anticipates generating revenue through product sales, licensing agreements, and potential milestone payments from strategic partnerships. The company's financial health is heavily reliant on successful clinical trials and obtaining necessary regulatory approvals for their drug candidates.

Athira Pharma Financial Statement Overview

Summary

Athira Pharma is in an early-stage biotech phase with no revenue and significant financial challenges. The company has a strong cash position but relies heavily on financing, facing persistent losses and negative cash flows.

Income Statement

Athira Pharma has consistently reported zero revenue over the years, reflecting its early-stage status or focus on R&D without product commercialization. The company incurs significant losses, with negative EBIT and net income, indicating a high cash burn rate typical of biotech firms. The lack of revenue growth and negative margins highlight financial challenges.

Balance Sheet

The balance sheet reflects a strong cash position relative to minimal debt, providing some financial stability. However, the declining equity suggests asset erosion, and substantial liabilities outweighing equity in some years indicate potential financial risks. The equity ratio remains relatively healthy yet declining over time.

Cash Flow

Operating cash flow is consistently negative, indicating cash outflows from operations. The company relies on financing activities to sustain operations, as reflected in its cash flow from financing. Free cash flow remains deeply negative, showcasing the heavy investment phase typical in biotech development stages.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00
	Gross Profit
0.00	-969.00K	-1.05M	-479.00K	-2.00M
	EBIT
-100.90M	-125.47M	-104.02M	-64.02M	-20.00M
	EBITDA
-100.90M	-116.70M	-94.59M	-54.37M	-19.01M
	Net Income Common Stockholders
-96.94M	-117.67M	-87.26M	-54.37M	-18.63M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
51.27M	147.42M	200.34M	253.76M	184.68M
	Total Assets
58.78M	160.25M	258.15M	332.01M	279.56M
	Total Debt
1.22M	1.58M	1.91M	1.92M	1.00M
	Net Debt
-47.22M	-89.00M	-94.06M	-108.62M	-59.63M
	Total Liabilities
13.94M	30.06M	23.02M	10.92M	5.28M
	Stockholders Equity
44.84M	130.19M	235.14M	321.08M	274.28M
Cash Flow		Free Cash Flow
-97.20M	-101.06M	-73.61M	-44.67M	-26.43M
	Operating Cash Flow
-97.17M	-100.75M	-72.47M	-43.10M	-24.11M
	Investing Cash Flow
54.83M	95.09M	57.66M	-4.08M	-210.07M
	Financing Cash Flow
194.00K	493.00K	654.00K	97.09M	292.75M

Athira Pharma Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.28
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ATHA, the sentiment is Negative. The current price of 0.28 is below the 20-day moving average (MA) of 0.33, below the 50-day MA of 0.42, and below the 200-day MA of 1.21, indicating a bearish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 29.13 is Positive, neither overbought nor oversold. The STOCH value of 2.38 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ATHA.

Athira Pharma Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ACAD	76 Outperform	$2.85B	12.55	38.89%	―	31.85%	―
BIIB	65 Neutral	$20.25B	12.37	10.36%	―	-1.60%	39.71%
AVXL	62 Neutral	$741.76M	―	-37.72%	―	―	-3.08%
INMB	49 Neutral	$199.96M	―	-119.83%	―	-90.97%	-27.47%
Sector *	48 Neutral	$6.84B	1.02	-53.11%	2.50%	16.84%	0.92%
SAVA	43 Neutral	$79.71M	―	-17.19%	―	―	81.00%
ATHA	26 Underperform	$11.91M	―	-110.77%	―	―	18.61%