Tearsheet

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -40%
Weak multi-year price returns
2Y Excs Rtn is -105%, 3Y Excs Rtn is -161%
Very low revenue
Rev LTMTotal Revenue or Sales, Last Twelve Months is 0
1 Megatrend and thematic drivers
Megatrends include Artificial Intelligence, and Smart Grids & Grid Modernization. Themes include AI Software Platforms, Edge AI, Show more.
  Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -3.6 Mil
2   Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -436%
3   High stock price volatility
Vol 12M is 146%
4   Key risks
GRDX key risks include [1] internal governance friction following recent director resignations, Show more.
0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -40%
1 Megatrend and thematic drivers
Megatrends include Artificial Intelligence, and Smart Grids & Grid Modernization. Themes include AI Software Platforms, Edge AI, Show more.
2 Weak multi-year price returns
2Y Excs Rtn is -105%, 3Y Excs Rtn is -161%
3 Very low revenue
Rev LTMTotal Revenue or Sales, Last Twelve Months is 0
4 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -3.6 Mil
5 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -436%
6 High stock price volatility
Vol 12M is 146%
7 Key risks
GRDX key risks include [1] internal governance friction following recent director resignations, Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

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GridAI Technologies (GRDX) stock has lost about 25% since 11/30/2025 because of the following key factors:

1. Persistent Unprofitability and Lack of Revenue from Core Operations: GridAI Technologies reported a net loss of -$15.65 million for the trailing 12 months ending September 30, 2025, and its fiscal year revenue was $0.00 USD. The company continues to operate at a loss, which significantly impacts investor confidence and valuation, especially as it simultaneously invests in new ventures.

2. Market Skepticism on AI Sector Valuations and Unproven Business Models: While the broader market experienced an AI investment boom, there are increasing concerns about an "AI investment bubble" and elevated valuations for AI-related companies, particularly those without demonstrated profitability. Investors are seeking tangible proof of productivity improvements and profitability from AI investments in 2026, and a failure to meet these expectations could deflate the market. GridAI's stock decline suggests investors are scrutinizing its AI-driven energy orchestration platform as speculative, given the absence of significant revenue generation from these initiatives despite positive announcements about partnerships.

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Stock Movement Drivers

Fundamental Drivers

The -26.8% change in GRDX stock from 11/30/2025 to 3/29/2026 was primarily driven by a 0.0% change in the company's Shares Outstanding (Mil).
(LTM values as of)113020253292026Change
Stock Price ($)2.992.19-26.8%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple0.0%
Shares Outstanding (Mil)220.0%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 3/29/2026
ReturnCorrelation
GRDX-26.8% 
Market (SPY)-5.3%19.0%
Sector (XLV)-8.7%6.5%

Fundamental Drivers

The -3.7% change in GRDX stock from 8/31/2025 to 3/29/2026 was primarily driven by a -3.9% change in the company's Shares Outstanding (Mil).
(LTM values as of)83120253292026Change
Stock Price ($)2.272.19-3.7%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple0.0%
Shares Outstanding (Mil)22-3.9%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2025 to 3/29/2026
ReturnCorrelation
GRDX-3.7% 
Market (SPY)0.6%11.6%
Sector (XLV)5.2%-6.4%

Fundamental Drivers

The 47.6% change in GRDX stock from 2/28/2025 to 3/29/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).
(LTM values as of)22820253292026Change
Stock Price ($)1.482.1947.6%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple0.0%
Shares Outstanding (Mil)22-8.2%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2025 to 3/29/2026
ReturnCorrelation
GRDX47.6% 
Market (SPY)9.8%6.5%
Sector (XLV)-2.1%1.3%

Fundamental Drivers

The -99.0% change in GRDX stock from 2/28/2023 to 3/29/2026 was primarily driven by a -99.8% change in the company's Shares Outstanding (Mil).
(LTM values as of)22820233292026Change
Stock Price ($)213.602.19-99.0%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple0.0%
Shares Outstanding (Mil)02-99.8%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2023 to 3/29/2026
ReturnCorrelation
GRDX-99.0% 
Market (SPY)69.4%2.2%
Sector (XLV)18.4%0.1%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
GRDX Return-85%-98%-97%-85%150%-56%-100%
Peers Return52%-31%92%61%33%-14%268%
S&P 500 Return27%-19%24%23%16%-5%72%

Monthly Win Rates [3]
GRDX Win Rate17%8%8%42%42%0% 
Peers Win Rate65%33%72%70%55%33% 
S&P 500 Win Rate75%42%67%75%67%33% 

Max Drawdowns [4]
GRDX Max Drawdown-86%-99%-97%-94%-45%-56% 
Peers Max Drawdown-7%-40%-5%-4%-19%-16% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-5% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: MSFT, GOOGL, AMZN, NVDA, IBM.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/27/2026 (YTD)

How Low Can It Go

Unique KeyEventGRDXS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-100.0%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven2649318.6%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-70.9%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven244.0%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven312 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-91.0%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven1008.9%24.7%
2018 CorrectionTime to BreakevenTime to BreakevenNot Fully Recovered days120 days

Compare to MSFT, GOOGL, AMZN, NVDA, IBM

In The Past

GridAI Technologies's stock fell -100.0% during the 2022 Inflation Shock from a high on 1/25/2021. A -100.0% loss requires a 2649318.6% gain to breakeven.

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About GridAI Technologies (GRDX)

Entero Therapeutics, Inc., a clinical-stage biopharmaceutical company, engages in the development of targeted and orally delivered therapies for the treatment of patients with gastrointestinal diseases. The company's pipeline candidates include latiglutenase, a targeted oral biotherapeutic for celiac disease designed to breakdown gluten into non-immunogenic peptides, currently under Phase 2 studies; and capeserod, a selective 5-HT4 receptor partial agonist under Phase 1 studies for the treatment of gastroparesis. It is also involved in the development of adrulipase, a recombinant lipase enzyme designed to enable the digestion of fats and other nutrients, currently under Phase 2 studies for the treatment of exocrine pancreatic insufficiency in patients with cystic fibrosis and chronic pancreatitis; and niclosamide, an oral small molecule with anti-inflammatory inhibitor therapy, currently under Phase 2 studies for the treatment of ulcerative proctitis and ulcerative proctosigmoiditis, as well as immune checkpoint inhibitor-associated colitis and diarrhea in metastatic cancer patients. The company was formerly known as First Wave BioPharma, Inc. and changed its name to Entero Therapeutics, Inc. in May 2024. Entero Therapeutics, Inc. was incorporated in 2014 and is based in Boca Raton, Florida.

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The key risks for GridAI Technologies (GRDX) are primarily associated with the inherent challenges of its diversified business model, encompassing both late clinical-stage biopharmaceutical development and a new venture into AI-driven energy orchestration software.

  1. Clinical Development and Regulatory Approval Risk: As a late clinical-stage biopharmaceutical company, GridAI Technologies faces substantial risks associated with the development of its pipeline candidates, including latiglutenase, capeserod, adrulipase, and niclosamide. The high failure rate of clinical trials means that these candidates may not prove to be safe or effective, or may experience significant delays or unexpected adverse events. Failure to successfully complete clinical trials or obtain necessary regulatory approvals from health authorities would prevent the company from bringing its therapies to market, significantly impacting its financial viability and future prospects.
  2. Market Adoption and Competitive Risk in AI/Energy Sector: GridAI Technologies' recent diversification into AI-native energy-orchestration software introduces risks related to market acceptance and intense competition. The company's platform aims to coordinate grid power and manage energy systems for hyperscale AI campuses and distributed energy, a rapidly evolving and competitive market. There is a risk that the company's technology may not achieve sufficient market adoption, or that existing or new competitors could offer superior or more cost-effective solutions, limiting GridAI Technologies' ability to generate substantial revenue from this new segment.
  3. Funding and Commercialization Risk: Both the biopharmaceutical development and the scaling of a new AI/energy software platform are capital-intensive endeavors. GridAI Technologies currently operates with a relatively small market capitalization and negative EBITDA, indicating a reliance on external financing to fund ongoing operations, clinical trials, and technological development. The inability to secure adequate funding in the future, or challenges in successfully commercializing its products and software even if approved or adopted, could severely constrain the company's growth and operational continuity.

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Here are 3-5 expected drivers of future revenue growth for GridAI Technologies (GRDX) over the next 2-3 years:

  1. Addressing Hyperscale AI Data Center Energy Demand: GridAI Technologies is positioned to capitalize on the rapidly increasing electricity consumption and complex energy management needs of hyperscale AI data centers. The company develops grid and power-management software aimed at these campuses, providing an AI-driven energy orchestration platform that optimizes energy usage, manages grid connections, and coordinates distributed energy resources. With AI data centers projected to drive significant incremental power demand in the coming years, the demand for GridAI's solutions in this sector is a key revenue driver.
  2. Expansion and Adoption of the AI-Driven Energy Orchestration Platform: The company's core technology, an AI-driven software and control platform, enables utilities, retail energy providers, and large power users to dynamically manage load and distributed energy resources, including battery energy storage systems, on-site generation, and renewables. As the energy landscape becomes more complex due to electrification and distributed energy resources, the increased adoption of this platform by a broader range of customers, seeking to improve efficiency, reduce costs, and participate in grid services markets, is expected to drive revenue growth.
  3. Continued Advancement of Biopharmaceutical Pipeline: Despite its expanded focus on AI and energy infrastructure, GridAI Technologies (formerly Entero Therapeutics, Inc.) continues to advance its late clinical-stage biopharmaceutical programs targeting gastrointestinal diseases. The company's pipeline includes candidates such as latiglutenase for celiac disease (Phase 2), capeserod for gastroparesis (Phase 1), adrulipase for exocrine pancreatic insufficiency (Phase 2), and niclosamide for ulcerative proctitis/proctosigmoiditis and immune checkpoint inhibitor-associated colitis/diarrhea (Phase 2). Successful progression through clinical trials and potential commercialization of these therapeutic candidates represent significant future revenue opportunities.

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Trade Ideas

Select ideas related to GRDX.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
QDEL_2282026_Insider_Buying_45D_2Buy_200K02282026QDELQuidelOrthoInsiderInsider Buys 45DStrong Insider Buying
Companies with multiple insider buys in the last 45 days
0.0%0.0%0.0%
CHE_2272026_Dip_Buyer_FCFYield02272026CHEChemedDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
0.0%0.0%0.0%
LLY_2272026_Monopoly_xInd_xCD_Getting_Cheaper02272026LLYEli LillyMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
0.0%0.0%0.0%
HAE_2202026_Dip_Buyer_FCFYield02202026HAEHaemoneticsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
3.5%3.5%0.0%
MSFT_2202026_Insider_Buying_GTE_1Mil_EBITp+DE_V202202026MSFTMicrosoftInsiderInsider Buys | Low D/EStrong Insider Buying
Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap
-1.1%-1.1%-3.2%

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

GRDXMSFTGOOGLAMZNNVDAIBMMedian
NameGridAI T.MicrosoftAlphabet Amazon.c.NVIDIA Internat. 
Mkt Price2.19356.77274.34199.34167.52236.34217.84
Mkt Cap0.02,651.23,312.42,134.94,071.1221.32,393.0
Rev LTM0305,453402,837716,924215,93867,536260,696
Op Inc LTM-4142,559129,03979,975130,38712,492104,507
FCF LTM-277,41273,2667,69596,67611,45542,360
FCF 3Y Avg-1071,62971,84224,26361,51711,77942,890
CFO LTM-2160,506164,713139,514102,71813,193121,116
CFO 3Y Avg-10129,579130,586113,44664,96613,52389,206

Growth & Margins

GRDXMSFTGOOGLAMZNNVDAIBMMedian
NameGridAI T.MicrosoftAlphabet Amazon.c.NVIDIA Internat. 
Rev Chg LTM-16.7%15.1%12.4%65.5%7.6%15.1%
Rev Chg 3Y Avg-14.4%12.5%11.7%101.8%3.8%12.5%
Rev Chg Q-16.7%18.0%13.6%73.2%12.2%16.7%
QoQ Delta Rev Chg LTM-4.0%4.5%3.7%15.4%3.3%4.0%
Op Mgn LTM-46.7%32.0%11.2%60.4%18.5%32.0%
Op Mgn 3Y Avg-45.3%30.5%9.4%59.0%16.6%30.5%
QoQ Delta Op Mgn LTM-0.4%-0.2%0.1%1.5%0.8%0.4%
CFO/Rev LTM-52.5%40.9%19.5%47.6%19.5%40.9%
CFO/Rev 3Y Avg-48.5%36.6%17.5%47.6%21.2%36.6%
FCF/Rev LTM-25.3%18.2%1.1%44.8%17.0%18.2%
FCF/Rev 3Y Avg-27.2%20.5%3.9%45.3%18.4%20.5%

Valuation

GRDXMSFTGOOGLAMZNNVDAIBMMedian
NameGridAI T.MicrosoftAlphabet Amazon.c.NVIDIA Internat. 
Mkt Cap0.02,651.23,312.42,134.94,071.1221.32,393.0
P/S-8.78.23.018.93.38.2
P/EBIT-1.017.820.821.428.718.019.4
P/E-0.222.225.127.533.920.923.6
P/CFO-1.916.520.115.339.616.816.6
Total Yield-432.4%5.5%4.3%3.6%3.0%7.6%4.0%
Dividend Yield0.0%1.0%0.3%0.0%0.0%2.8%0.2%
FCF Yield 3Y Avg-460.1%2.3%3.0%1.3%2.1%6.0%2.2%
D/E0.30.00.00.10.00.30.0
Net D/E-0.4-0.0-0.00.0-0.00.2-0.0

Returns

GRDXMSFTGOOGLAMZNNVDAIBMMedian
NameGridAI T.MicrosoftAlphabet Amazon.c.NVIDIA Internat. 
1M Rtn-4.8%-9.2%-11.9%-5.1%-5.5%-1.6%-5.3%
3M Rtn-26.5%-26.7%-12.4%-14.3%-12.1%-22.1%-18.2%
6M Rtn-53.9%-30.0%11.4%-9.3%-6.0%-15.9%-12.6%
12M Rtn52.0%-5.1%78.4%3.4%52.8%-0.7%27.7%
3Y Rtn-98.6%28.6%174.2%95.4%512.3%102.7%99.1%
1M Excs Rtn-1.7%-3.4%-2.9%3.7%-1.6%5.5%-1.6%
3M Excs Rtn-6.0%-18.6%-4.5%-6.1%-3.1%-13.8%-6.0%
6M Excs Rtn-49.9%-25.8%15.3%-5.1%-2.1%-11.5%-8.3%
12M Excs Rtn14.6%-19.3%55.3%-12.4%35.8%-14.7%1.1%
3Y Excs Rtn-160.6%-27.6%105.8%40.2%471.7%49.4%44.8%

Comparison Analyses

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Financials

Segment Financials

Assets by Segment
$ Mil20242023202220212020
Single segment7512139
Total7512139


Price Behavior

Price Behavior
Market Price$2.19 
Market Cap ($ Bil)0.0 
First Trading Date10/11/2016 
Distance from 52W High-61.1% 
   50 Days200 Days
DMA Price$2.69$2.86
DMA Trendupdown
Distance from DMA-18.6%-23.4%
 3M1YR
Volatility124.6%146.2%
Downside Capture0.50-0.29
Upside Capture-85.3110.62
Correlation (SPY)12.5%5.9%
GRDX Betas & Captures as of 2/28/2026

 1M2M3M6M1Y3Y
Beta0.321.312.741.000.440.17
Up Beta-1.75-0.12-0.69-0.020.36-0.18
Down Beta5.836.196.774.811.410.73
Up Capture-235%-176%102%-16%23%-6%
Bmk +ve Days9203170142431
Stock +ve Days8172659119324
Down Capture151%127%245%-34%-28%100%
Bmk -ve Days12213054109320
Stock -ve Days11223363130412

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with GRDX
GRDX26.2%146.0%0.79-
Sector ETF (XLV)0.3%17.6%-0.13-1.2%
Equity (SPY)14.5%18.9%0.595.9%
Gold (GLD)50.2%27.7%1.46-8.4%
Commodities (DBC)17.8%17.6%0.85-0.1%
Real Estate (VNQ)0.4%16.4%-0.15-2.2%
Bitcoin (BTCUSD)-23.7%44.2%-0.4915.1%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with GRDX
GRDX-89.6%138.4%-0.98-
Sector ETF (XLV)6.0%14.5%0.232.1%
Equity (SPY)11.8%17.0%0.546.4%
Gold (GLD)20.7%17.7%0.96-3.9%
Commodities (DBC)11.6%18.9%0.50-1.2%
Real Estate (VNQ)3.0%18.8%0.073.6%
Bitcoin (BTCUSD)4.0%56.6%0.293.3%

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Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with GRDX
GRDX-71.6%118.2%-0.57-
Sector ETF (XLV)9.7%16.5%0.486.5%
Equity (SPY)14.0%17.9%0.679.7%
Gold (GLD)13.3%15.8%0.70-2.4%
Commodities (DBC)8.2%17.6%0.392.8%
Real Estate (VNQ)4.7%20.7%0.196.2%
Bitcoin (BTCUSD)66.4%66.8%1.063.4%

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Short Interest

Short Interest: As Of Date3132026
Short Interest: Shares Quantity0.1 Mil
Short Interest: % Change Since 2282026-25.7%
Average Daily Volume0.1 Mil
Days-to-Cover Short Interest1
Basic Shares Quantity1.7 Mil
Short % of Basic Shares3.4%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
SUMMARY STATS   
# Positive000
# Negative000
Median Positive   
Median Negative   
Max Positive   
Max Negative   

SEC Filings

Expand for More
Report DateFiling DateFiling
09/30/202511/19/202510-Q
06/30/202508/14/202510-Q
03/31/202505/15/202510-Q
12/31/202404/01/202510-K
09/30/202411/13/202410-Q
06/30/202410/21/202410-Q
03/31/202405/14/202410-Q
12/31/202303/29/202410-K
09/30/202311/13/202310-Q
06/30/202308/14/202310-Q
03/31/202305/12/202310-Q
12/31/202203/20/202310-K
09/30/202211/14/202210-Q
06/30/202208/15/202210-Q
03/31/202205/23/202210-Q
12/31/202103/31/202210-K

Insider Activity

Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Romano, SarahChief Financial OfficerDirectSell10820250.6472746511,064Form