HeartSciences (HSCS)
Market Price (6/20/2026): $1.82 | Market Cap: $5.8 MilSector: Health Care | Industry: Life Sciences Tools & Services
HeartSciences (HSCS)
Market Price (6/20/2026): $1.82Market Cap: $5.8 MilSector: Health CareIndustry: Life Sciences Tools & Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -40% Megatrend and thematic driversMegatrends include Biotechnology & Genomics, Precision Medicine, and Digital Health & Telemedicine. Themes include Advanced Diagnostics, Show more. | Weak multi-year price returns2Y Excs Rtn is -103%, 3Y Excs Rtn is -170% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -7.8 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -89940% Expensive valuation multiplesP/SPrice/Sales ratio is 671x Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 12498% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -84679%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -85282% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -150% Key risksHSCS key risks include [1] critical financial instability and liquidity concerns stemming from a lack of revenue, Show more. |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -40% |
| Megatrend and thematic driversMegatrends include Biotechnology & Genomics, Precision Medicine, and Digital Health & Telemedicine. Themes include Advanced Diagnostics, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -103%, 3Y Excs Rtn is -170% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -7.8 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -89940% |
| Expensive valuation multiplesP/SPrice/Sales ratio is 671x |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 12498% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -84679%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -85282% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -150% |
| Key risksHSCS key risks include [1] critical financial instability and liquidity concerns stemming from a lack of revenue, Show more. |
Qualitative Assessment
AI Analysis | Feedback
HeartSciences (HSCS) stock has lost about 35% since 2/28/2026 because of the following key factors:
1. HeartSciences continued to operate without meaningful revenue, leading to investor concern over its financial runway.
The company reported no meaningful revenue for Fiscal Q3 2026, which ended January 31, 2026. This prolonged pre-revenue status, coupled with approximately $3.4 million in cash and cash equivalents as of January 31, 2026, likely contributed to investor apprehension regarding its long-term financial stability and potential need for further capital to fund operations through the pre-revenue phase.
2. Despite positive operational milestones, the market priced in a longer timeline for significant commercial traction and profitability.
While HeartSciences announced several positive developments, such as MyoVista Insights™ receiving Epic Toolbox Designation on March 25, 2026, and signing its first SaaS revenue agreement on May 5, 2026, with St. Vincent Health, investors appear to be factoring in a longer path to substantial revenue generation. The stock's decline suggests these early commercial agreements did not sufficiently alleviate concerns about the uncertain timeline for broad adoption and profitability of its AI-ECG technology [cite: 3 from previous turns].
Show more
HeartSciences (HSCS) stock has lost about 35% since 2/28/2026 because of the following key factors:
1. HeartSciences continued to operate without meaningful revenue, leading to investor concern over its financial runway.
The company reported no meaningful revenue for Fiscal Q3 2026, which ended January 31, 2026. This prolonged pre-revenue status, coupled with approximately $3.4 million in cash and cash equivalents as of January 31, 2026, likely contributed to investor apprehension regarding its long-term financial stability and potential need for further capital to fund operations through the pre-revenue phase.
2. Despite positive operational milestones, the market priced in a longer timeline for significant commercial traction and profitability.
While HeartSciences announced several positive developments, such as MyoVista Insights™ receiving Epic Toolbox Designation on March 25, 2026, and signing its first SaaS revenue agreement on May 5, 2026, with St. Vincent Health, investors appear to be factoring in a longer path to substantial revenue generation. The stock's decline suggests these early commercial agreements did not sufficiently alleviate concerns about the uncertain timeline for broad adoption and profitability of its AI-ECG technology [cite: 3 from previous turns].
3. Regulatory uncertainties surrounding the MyoVista® wavECG™ device and the potential for dilution likely weighed on investor sentiment.
HeartSciences submitted its MyoVista® wavECG™ device for FDA 510(k) premarket clearance, but the timeline for regulatory approval remains uncertain. For pre-revenue medical technology companies, an extended regulatory process and inherent risks can deter investors. Furthermore, the company's ongoing need for investment in research and development, and the explicit mention of a need for further financing, raised concerns about future share dilution, contributing to selling pressure [cite: 1, 4 from previous turns].
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Stock Movement Drivers
Fundamental Drivers
The -34.0% change in HSCS stock from 2/28/2026 to 6/19/2026 was primarily driven by a -24.9% change in the company's P/S Multiple.| (LTM values as of) | 2282026 | 6192026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.79 | 1.84 | -34.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 0.0% |
| P/S Multiple | 893.6 | 671.2 | -24.9% |
| Shares Outstanding (Mil) | 3 | 3 | -12.1% |
| Cumulative Contribution | -34.0% |
Market Drivers
2/28/2026 to 6/19/2026| Return | Correlation | |
|---|---|---|
| HSCS | -34.0% | |
| Market (SPY) | 9.2% | 19.5% |
| Sector (XLV) | -6.4% | 9.3% |
Fundamental Drivers
The -31.3% change in HSCS stock from 11/30/2025 to 6/19/2026 was primarily driven by a -58.8% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 11302025 | 6192026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.68 | 1.84 | -31.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 38.7% |
| P/S Multiple | 559.0 | 671.2 | 20.1% |
| Shares Outstanding (Mil) | 1 | 3 | -58.8% |
| Cumulative Contribution | -31.3% |
Market Drivers
11/30/2025 to 6/19/2026| Return | Correlation | |
|---|---|---|
| HSCS | -31.3% | |
| Market (SPY) | 9.9% | 9.3% |
| Sector (XLV) | -4.4% | 1.4% |
Fundamental Drivers
The -47.9% change in HSCS stock from 5/31/2025 to 6/19/2026 was primarily driven by a null change in the company's P/S Multiple.| (LTM values as of) | 5312025 | 6192026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.53 | 1.84 | -47.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 9.2233720368547763E17% |
| P/S Multiple | ∞ | 671.2 | |
| Shares Outstanding (Mil) | 1 | 3 | -68.8% |
| Cumulative Contribution | 0.0% |
Market Drivers
5/31/2025 to 6/19/2026| Return | Correlation | |
|---|---|---|
| HSCS | -47.9% | |
| Market (SPY) | 28.1% | 14.4% |
| Sector (XLV) | 14.6% | 12.8% |
Fundamental Drivers
The -98.2% change in HSCS stock from 5/31/2023 to 6/19/2026 was primarily driven by a -97.4% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 5312023 | 6192026 | Change |
|---|---|---|---|
| Stock Price ($) | 100.00 | 1.84 | -98.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | -6.8% |
| P/S Multiple | 886.2 | 671.2 | -24.3% |
| Shares Outstanding (Mil) | 0 | 3 | -97.4% |
| Cumulative Contribution | -98.2% |
Market Drivers
5/31/2023 to 6/19/2026| Return | Correlation | |
|---|---|---|
| HSCS | -98.2% | |
| Market (SPY) | 85.7% | 9.8% |
| Sector (XLV) | 22.9% | 6.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| HSCS Return | - | -51% | -80% | -78% | -19% | -41% | -99% |
| Peers Return | 19% | -20% | -8% | -19% | 37% | -12% | -14% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 8% | 98% |
Monthly Win Rates [3] | |||||||
| HSCS Win Rate | - | 29% | 17% | 25% | 58% | 33% | |
| Peers Win Rate | 60% | 50% | 48% | 42% | 54% | 40% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| HSCS Max Drawdown | - | - | -96% | -86% | -62% | -54% | |
| Peers Max Drawdown | -29% | -44% | -49% | -37% | -37% | -43% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: A, TECH, ATEC, CERS, ALMR.
[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 6/18/2026 (YTD)
How Low Can It Go
| Event | HSCS | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -32.1% | -18.8% |
| % Gain to Breakeven | 47.3% | 23.1% |
| Time to Breakeven | 46 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -28.7% | -7.8% |
| % Gain to Breakeven | 40.3% | 8.5% |
| Time to Breakeven | 45 days | 18 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -32.4% | -24.5% |
| % Gain to Breakeven | 47.8% | 32.4% |
| Time to Breakeven | 28 days | 427 days |
In The Past
HeartSciences's stock fell -32.1% during the 2025 US Tariff Shock. Such a loss loss requires a 47.3% gain to breakeven.
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Asset Allocation
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| Event | HSCS | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -32.1% | -18.8% |
| % Gain to Breakeven | 47.3% | 23.1% |
| Time to Breakeven | 46 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -28.7% | -7.8% |
| % Gain to Breakeven | 40.3% | 8.5% |
| Time to Breakeven | 45 days | 18 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -32.4% | -24.5% |
| % Gain to Breakeven | 47.8% | 32.4% |
| Time to Breakeven | 28 days | 427 days |
In The Past
HeartSciences's stock fell -32.1% during the 2025 US Tariff Shock. Such a loss loss requires a 47.3% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About HeartSciences (HSCS)
HeartSciences (HSCS) is a medical technology company focused on enhancing the diagnostic capabilities of the standard electrocardiogram (ECG) through innovative AI-based technology. The company aims to make the ECG a significantly more valuable front-line screening tool for heart disease, specifically by enabling it to detect cardiac dysfunction that conventional ECGs often miss. While traditional ECGs are effective for rhythm abnormalities, they have limited sensitivity in identifying structural and ischemic heart diseases, presenting a challenge for early detection in primary care settings.
The company's flagship product candidate, the MyoVista wavECG, is a resting 12-lead ECG device that incorporates AI-machine learning to analyze the heart's signal-processed electrical signals. The MyoVista is designed to provide diagnostic information related to cardiac dysfunction, such as impaired cardiac relaxation, which is an early indicator of diastolic dysfunction and often precedes symptoms in various heart conditions. This advanced capability has traditionally been available only through more complex and expensive cardiac imaging. The MyoVista also functions as a conventional ECG and is based on a "razor-razorblade" business model, utilizing proprietary electrodes for each test.
HeartSciences plans to target frontline healthcare environments in the U.S., including primary care, upon receiving FDA De Novo clearance for the MyoVista. The primary objective is to equip physicians with a more effective tool to assist in cardiology referral decisions, potentially improving patient care pathways by enabling earlier and more accurate detection of heart disease. By offering a low-cost, accessible method for screening cardiac dysfunction, the MyoVista aims to provide substantial value to patients, physicians, health systems, and third-party payors.
AI Analysis | Feedback
Here are 1-2 brief analogies for HeartSciences:
- HeartSciences is like Keurig for heart disease screening, offering a proprietary device (MyoVista) and recurring consumable electrodes for an enhanced, easy-to-use diagnostic test.
- HeartSciences is like an iPhone for the traditional ECG, transforming a basic, widely-used diagnostic tool into a powerful, AI-driven smart device that provides significantly expanded clinical insights.
AI Analysis | Feedback
- MyoVista wavECG Device: An AI-enhanced 12-lead resting ECG device designed to provide diagnostic information related to cardiac dysfunction, in addition to conventional ECG data.
- Proprietary Electrodes: Consumable electrodes specifically designed for use with the MyoVista wavECG device, required for each test performed.
AI Analysis | Feedback
HeartSciences (HSCS) sells its MyoVista wavECG device and proprietary consumables primarily to other companies and organizations within the healthcare sector, rather than directly to individuals. The company's description indicates its target market is healthcare providers and institutions that operate clinical settings.
No specific customer companies are named in the provided background information, nor are their public symbols. Instead, HeartSciences describes the categories of healthcare environments it targets:
- Primary care clinics/offices: These are explicitly identified as a main target market ("frontline healthcare environments in the U.S., such as primary care").
- Health systems: HeartSciences believes its product would be valuable for "health systems," suggesting these larger organizational networks that manage multiple healthcare facilities could be purchasers.
- Other frontline or point-of-care clinical settings: The company broadly aims for "frontline or point-of-care clinical settings," which could encompass various outpatient clinics, urgent care centers, or other facilities where initial cardiac screening takes place.
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Andrew Simpson, Chairman and CEO
Andrew Simpson brings almost 30 years of experience across diverse business sectors, from entrepreneurial ventures to large corporate and public companies. He served as Group CEO of the Peel Group, a substantial private company in the U.K. with approximately $8 billion in business assets, from 2006 to 2010. During his tenure, he led strategic restructuring, built key divisional teams, brought in significant partners (including the sale of stakes in its £1.6 billion ports business and £200 million airport business), substantially increased liquid assets by approximately £500 million, divested non-core assets, and managed £3 billion of debt funding. Previously, he was a main board director of Speedy Hire plc., a FTSE 250 company, from 2003 to 2006, where he was instrumental in its development and expansion, overseeing seventeen acquisitions and several non-core divestments that led to a quadrupling of the share price. Andrew is a Chartered Accountant who qualified with Price Waterhouse and spent eight years in investment banking at Rothschild, advising on a variety of mergers and acquisitions, debt and equity fundraisings, initial public offerings (IPOs), and shareholder value matters.
Danielle Watson, Chief Financial Officer
Danielle Watson currently serves as the Chief Financial Officer and Treasurer of HeartSciences.
Mark Hilz, Chief Operating Officer
Mark Hilz has over 30 years of experience as a President and CEO of multiple successful startup companies. He was the CEO of INX, a technology infrastructure consulting company he was asked to start as a subsidiary for a public company. Under his leadership, INX grew from 2000 to reach $400 million in revenue, 15 offices, 2,000 customers, and 500 employees. The company was traded on NASDAQ, completed multiple offerings, and was successfully sold to private equity in December 2011. Prior to that, Mr. Hilz founded and led PC Service Source, a technology logistics outsourcing firm, as CEO, growing it to over $160 million in revenue with 1,100 employees in an eight-year span. He raised the startup capital from traditional venture capital sources and, after four years of operations, successfully took the company public in an IPO as a NASDAQ global listed company, followed by a successful public offering. Mark's extensive experience includes raising venture capital, managing multiple successful public offerings, and executing numerous mergers and acquisitions as both a buyer and a seller.
Aaron Peterson, VP Research and Development
Aaron Peterson possesses 23 years of experience in Engineering and Product Development, primarily within the Medical Device industry. He has successfully brought to market multiple innovative technologies in areas such as Cardiac Rhythm Management, Neurostimulation, and electrocardiography-based devices. His previous roles include Director, R&D Systems Engineering for St. Jude Medical, and Senior Manager of Software Testing and Automation Tools Development for Boston Scientific (Advanced Bionics).
Isabella Schmitt, VP Clinical and Regulatory Affairs
Isabella Schmitt serves as the Vice President of Clinical and Regulatory Affairs for HeartSciences.
AI Analysis | Feedback
The key risks to HeartSciences' business are:
-
Ability to Continue as a Going Concern and Secure Funding: HeartSciences' auditors have expressed substantial doubts about the company's ability to continue as a going concern. This is due to recurring losses, negative cash flows from operations, limited capital resources, a net shareholders' deficit, and significant debt obligations. The company explicitly states that it requires additional funding to complete its pivotal clinical validation study, device testing, and development for FDA De Novo submission, and further funding would be required to support the sales launch and ongoing operations.
-
Achieving FDA De Novo Clearance: The company's future success is entirely dependent on receiving FDA De Novo clearance for its MyoVista wavECG device. The device is not currently cleared for marketing by the FDA, and the company is partially through a new pivotal clinical validation study and device testing necessary for a revised FDA De Novo submission. There is no assurance that the anticipated net proceeds from their current offering will be sufficient to achieve FDA clearance.
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The emergence of other companies or research initiatives developing and potentially bringing to market competing AI-based ECG technologies for detecting cardiac dysfunction. The background information references "recent applications of machine learning to data derived from surface 12-lead ECGs in relation to cardiac dysfunction," describing them as "significant advances." This indicates that HeartSciences is operating in a field with active development from other entities, which could lead to competitive products.
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Expected Drivers of Future Revenue Growth for HeartSciences (HSCS)
- FDA De Novo Clearance of the MyoVista: The most critical driver is the successful receipt of FDA De Novo clearance for the MyoVista wavECG device, which is currently pending. This clearance is a prerequisite for HeartSciences to legally market and sell the device in the U.S.
- Commercial Launch and Adoption of the MyoVista Device in the U.S.: Following FDA clearance, the initial sales and subsequent widespread adoption of the MyoVista device in its target markets, such as U.S. frontline healthcare environments (e.g., primary care), will generate revenue from the sale of the devices themselves.
- Recurring Revenue from Proprietary MyoVista Electrodes (Consumables): HeartSciences' business model is described as "razor-razorblade," where proprietary electrodes are required for every test performed on the MyoVista device. As the installed base of MyoVista devices grows, the recurring sales of these consumables are expected to become a significant and growing revenue stream.
- Market Penetration in U.S. Frontline Healthcare: The company's strategy to target frontline healthcare settings in the U.S., such as primary care, aims to improve the cardiology referral process. Successful penetration and widespread use within these environments will drive the volume of MyoVista device placements and associated consumable sales.
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Share Issuance
- HeartSciences is undertaking an offering to raise funds to continue work towards FDA resubmission and clearance for the MyoVista.
Capital Expenditures
- Additional funding will be required to support further research and development (R&D) for the MyoVista.
- Future capital will also be used to support the sales launch of the MyoVista into the U.S. and provide working capital.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| HeartSciences Earnings Notes | 12/16/2025 | |
| Can HeartSciences Stock Recover If Markets Fall? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 15.39 |
| Mkt Cap | 1.4 |
| Rev LTM | 787 |
| Op Inc LTM | -3 |
| FCF LTM | -1 |
| FCF 3Y Avg | -7 |
| CFO LTM | 52 |
| CFO 3Y Avg | -7 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 13.0% |
| Rev Chg 3Y Avg | 7.2% |
| Rev Chg Q | 11.8% |
| QoQ Delta Rev Chg LTM | 2.4% |
| Op Inc Chg LTM | 39.1% |
| Op Inc Chg 3Y Avg | 3.9% |
| Op Mgn LTM | -1.5% |
| Op Mgn 3Y Avg | 7.0% |
| QoQ Delta Op Mgn LTM | 2.7% |
| CFO/Rev LTM | 6.6% |
| CFO/Rev 3Y Avg | 9.8% |
| FCF/Rev LTM | -0.1% |
| FCF/Rev 3Y Avg | 6.1% |
Price Behavior
| Market Price | $1.84 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 06/15/2022 | |
| Distance from 52W High | -67.9% | |
| 50 Days | 200 Days | |
| DMA Price | $1.95 | $2.73 |
| DMA Trend | down | down |
| Distance from DMA | -5.5% | -32.5% |
| 3M | 1YR | |
| Volatility | 73.2% | 84.1% |
| Downside Capture | 113.58 | 160.75 |
| Upside Capture | -48.52 | 40.74 |
| Correlation (SPY) | 17.5% | 13.1% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -1.61 | -0.42 | 0.88 | 0.45 | 0.99 | 0.70 |
| Up Beta | -4.13 | 0.25 | 2.41 | 1.90 | 1.30 | 0.65 |
| Down Beta | 3.48 | 0.55 | 1.63 | 0.17 | 0.42 | 0.54 |
| Up Capture | -208% | -144% | -82% | -42% | 33% | -3% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 11 | 18 | 25 | 50 | 110 | 326 |
| Down Capture | -124% | 71% | 125% | 71% | 152% | 111% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 9 | 23 | 37 | 69 | 133 | 408 |
[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 HSCS | |
|---|---|---|---|---|
| HSCS | -50.8% | 84.4% | -0.48 | - |
| Sector ETF (XLV) | 14.0% | 15.0% | 0.66 | 12.8% |
| Equity (SPY) | 26.5% | 12.4% | 1.61 | 13.4% |
| Gold (GLD) | 24.2% | 27.5% | 0.77 | 8.1% |
| Commodities (DBC) | 19.8% | 18.8% | 0.83 | 4.4% |
| Real Estate (VNQ) | 11.0% | 13.7% | 0.52 | 4.4% |
| Bitcoin (BTCUSD) | -40.0% | 42.5% | -1.08 | 11.1% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with HSCS | |
|---|---|---|---|---|
| HSCS | -59.6% | 167.9% | -0.07 | - |
| Sector ETF (XLV) | 5.4% | 14.7% | 0.19 | 2.8% |
| Equity (SPY) | 13.5% | 17.1% | 0.62 | 3.7% |
| Gold (GLD) | 17.1% | 18.3% | 0.76 | 0.2% |
| Commodities (DBC) | 7.5% | 19.4% | 0.29 | -1.8% |
| Real Estate (VNQ) | 1.9% | 18.9% | 0.00 | 0.2% |
| Bitcoin (BTCUSD) | 11.0% | 54.2% | 0.40 | 0.5% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with HSCS | |
|---|---|---|---|---|
| HSCS | -36.4% | 167.9% | -0.07 | - |
| Sector ETF (XLV) | 9.4% | 16.6% | 0.46 | 2.8% |
| Equity (SPY) | 15.3% | 18.0% | 0.73 | 3.7% |
| Gold (GLD) | 12.3% | 16.1% | 0.63 | 0.2% |
| Commodities (DBC) | 5.9% | 18.0% | 0.26 | -1.8% |
| Real Estate (VNQ) | 5.3% | 20.7% | 0.22 | 0.2% |
| Bitcoin (BTCUSD) | 60.0% | 66.8% | 1.00 | 0.5% |
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Returns Analyses
Earnings Returns History
Updated 6/3/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 3/16/2026 | -0.4% | -7.1% | -25.6% |
| 12/15/2025 | -6.5% | -5.3% | 29.6% |
| 9/11/2025 | -10.0% | 5.4% | 4.5% |
| 7/24/2025 | 0.3% | -20.6% | -7.1% |
| 3/13/2025 | -3.6% | -4.8% | 13.3% |
| 12/16/2024 | 0.0% | -3.9% | -9.9% |
| 9/12/2024 | 9.0% | 10.8% | 21.1% |
| 3/14/2024 | 1.4% | -4.3% | -18.0% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 8 | 3 | 5 |
| # Negative | 6 | 11 | 9 |
| Median Positive | 4.2% | 5.4% | 15.6% |
| Median Negative | -4.4% | -5.6% | -14.2% |
| Max Positive | 12.1% | 10.8% | 29.6% |
| Max Negative | -10.0% | -52.4% | -54.2% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 3/16/2026 | -0.4% | -7.1% | -25.6% |
| 12/15/2025 | -6.5% | -5.3% | 29.6% |
| 9/11/2025 | -10.0% | 5.4% | 4.5% |
| 7/24/2025 | 0.3% | -20.6% | -7.1% |
| 3/13/2025 | -3.6% | -4.8% | 13.3% |
| 12/16/2024 | 0.0% | -3.9% | -9.9% |
| 9/12/2024 | 9.0% | 10.8% | 21.1% |
| 3/14/2024 | 1.4% | -4.3% | -18.0% |
| 12/14/2023 | 12.1% | -0.1% | -14.2% |
| 9/14/2023 | 3.9% | -52.4% | -54.2% |
| 7/19/2023 | -5.3% | -11.9% | -21.4% |
| 3/16/2023 | 9.9% | 1.2% | 15.6% |
| 12/22/2022 | -0.0% | -5.6% | -10.2% |
| 9/13/2022 | 4.5% | -20.1% | -13.0% |
| SUMMARY STATS | |||
| # Positive | 8 | 3 | 5 |
| # Negative | 6 | 11 | 9 |
| Median Positive | 4.2% | 5.4% | 15.6% |
| Median Negative | -4.4% | -5.6% | -14.2% |
| Max Positive | 12.1% | 10.8% | 29.6% |
| Max Negative | -10.0% | -52.4% | -54.2% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 01/31/2026 | 03/16/2026 | 10-Q |
| 10/31/2025 | 12/15/2025 | 10-Q |
| 07/31/2025 | 09/11/2025 | 10-Q |
| 04/30/2025 | 07/24/2025 | 10-K |
| 01/31/2025 | 03/13/2025 | 10-Q |
| 10/31/2024 | 12/16/2024 | 10-Q |
| 07/31/2024 | 09/12/2024 | 10-Q |
| 04/30/2024 | 07/29/2024 | 10-K |
| 01/31/2024 | 03/14/2024 | 10-Q |
| 10/31/2023 | 12/14/2023 | 10-Q |
| 07/31/2023 | 09/14/2023 | 10-Q |
| 04/30/2023 | 07/19/2023 | 10-K |
| 01/31/2023 | 03/16/2023 | 10-Q |
| 10/31/2022 | 12/15/2022 | 10-Q |
| 07/31/2022 | 09/12/2022 | 10-Q |
| 04/30/2022 | 07/29/2022 | 10-K |
| Report Date | Filing Date | Filing |
|---|---|---|
| 01/31/2026 | 03/16/2026 | 10-Q |
| 10/31/2025 | 12/15/2025 | 10-Q |
| 07/31/2025 | 09/11/2025 | 10-Q |
| 04/30/2025 | 07/24/2025 | 10-K |
| 01/31/2025 | 03/13/2025 | 10-Q |
| 10/31/2024 | 12/16/2024 | 10-Q |
| 07/31/2024 | 09/12/2024 | 10-Q |
| 04/30/2024 | 07/29/2024 | 10-K |
| 01/31/2024 | 03/14/2024 | 10-Q |
| 10/31/2023 | 12/14/2023 | 10-Q |
| 07/31/2023 | 09/14/2023 | 10-Q |
| 04/30/2023 | 07/19/2023 | 10-K |
| 01/31/2023 | 03/16/2023 | 10-Q |
| 10/31/2022 | 12/15/2022 | 10-Q |
| 07/31/2022 | 09/12/2022 | 10-Q |
| 04/30/2022 | 07/29/2022 | 10-K |
| 01/31/2022 | 06/17/2022 | 424B4 |
Insider Activity
Updated 4/26/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Hilz, Mark T | COO, Secretary and Director | Direct | Sell | 7302025 | 3.54 | 4,416 | 15,621 | 16,810 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Hilz, Mark T | COO, Secretary and Director | Direct | Sell | 7302025 | 3.54 | 4,416 | 15,621 | 16,810 | Form |
Industry Resources
| Health Care Resources |
| U.S. National Library of Medicine |
| ClinicalTrials.gov |
| Modern Healthcare |
| Healthcare Dive |
| Fierce Healthcare |
| Health Affairs |
| Health Data Management |
| FDA Tracker |
| Life Sciences Tools & Services Resources |
| GenomeWeb |
| BioSpace |
| The Scientist |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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