MiNK Therapeutics (INKT)
Market Price (6/17/2026): $12.18 | Market Cap: $58.4 MilSector: Health Care | Industry: Biotechnology
MiNK Therapeutics (INKT)
Market Price (6/17/2026): $12.18Market Cap: $58.4 MilSector: Health CareIndustry: Biotechnology
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -17% Megatrend and thematic driversMegatrends include Biotechnology & Genomics, Precision Medicine, and Aging Population & Chronic Disease. Themes include Gene Editing & Therapy, Show more. | Weak multi-year price returns2Y Excs Rtn is -20%, 3Y Excs Rtn is -121% | Very low revenueRev LTMTotal Revenue or Sales, Last Twelve Months is 0 Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -13 Mil 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 -26% High stock price volatilityVol 12M is 737% Key risksINKT key risks include [1] its precarious financial position, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -17% |
| Megatrend and thematic driversMegatrends include Biotechnology & Genomics, Precision Medicine, and Aging Population & Chronic Disease. Themes include Gene Editing & Therapy, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -20%, 3Y Excs Rtn is -121% |
| Very low revenueRev LTMTotal Revenue or Sales, Last Twelve Months is 0 |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -13 Mil |
| 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 -26% |
| High stock price volatilityVol 12M is 737% |
| Key risksINKT key risks include [1] its precarious financial position, Show more. |
Qualitative Assessment
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MiNK Therapeutics (INKT) stock has gained about 10% since 2/28/2026 because of the following key factors:
1. MiNK Therapeutics reported stronger-than-expected financial results for fiscal Q1 2026, which ended on March 31, 2026. The company announced on May 15, 2026, an earnings per share (EPS) of -$0.57, surpassing analysts' consensus estimate of -$0.77 by 25.97%.
2. The company initiated a randomized Phase 2 clinical trial for its lead asset, agenT-797, in severe acute lung injury and critical illness. This pivotal development was announced on May 15, 2026, with the first patient dosed on May 28, 2026. The trial is designed with a seamless Phase 2/3 operational framework, with preliminary data anticipated in the second half of 2026, signaling a potentially accelerated path to market for a therapy addressing a condition with high mortality and no approved treatments.
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MiNK Therapeutics (INKT) stock has gained about 10% since 2/28/2026 because of the following key factors:
1. MiNK Therapeutics reported stronger-than-expected financial results for fiscal Q1 2026, which ended on March 31, 2026. The company announced on May 15, 2026, an earnings per share (EPS) of -$0.57, surpassing analysts' consensus estimate of -$0.77 by 25.97%.
2. The company initiated a randomized Phase 2 clinical trial for its lead asset, agenT-797, in severe acute lung injury and critical illness. This pivotal development was announced on May 15, 2026, with the first patient dosed on May 28, 2026. The trial is designed with a seamless Phase 2/3 operational framework, with preliminary data anticipated in the second half of 2026, signaling a potentially accelerated path to market for a therapy addressing a condition with high mortality and no approved treatments.
3. Positive clinical and mechanistic data for agenT-797 were presented at several major scientific conferences, highlighting the therapy's broad potential. Specifically, data presented at the American Society of Gene and Cell Therapy Annual Meeting (ASGCT 2026), announced on May 12, 2026, demonstrated that agenT-797 drives context-dependent immune responses, showing both immune activation in cancer and anti-inflammatory benefits in Acute Respiratory Distress Syndrome (ARDS) from the same off-the-shelf product. Additionally, data on immune reprogramming and durable survival in PD-1 refractory gastroesophageal cancer were reported around April 17, 2026.
4. Analyst ratings reflected strong confidence in MiNK Therapeutics, with several "Strong Buy" recommendations and significant price targets. As of May 15, 2026, two analysts polled by S&P Global maintained a "Strong Buy" consensus rating with an average price target of $39, representing a 225.00% upside from the current stock price. HC Wainwright & Co. also issued a $35 price target on May 18, 2026. These positive outlooks from the investment community likely contributed to the stock's upward trend.
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Stock Movement Drivers
Fundamental Drivers
The 7.9% change in INKT stock from 2/28/2026 to 6/16/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 2282026 | 6162026 | Change |
|---|---|---|---|
| Stock Price ($) | 10.95 | 11.81 | 7.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 0.0% |
| P/S Multiple | ∞ | ∞ | 0.0% |
| Shares Outstanding (Mil) | 4 | 5 | -7.4% |
| Cumulative Contribution | 0.0% |
Market Drivers
2/28/2026 to 6/16/2026| Return | Correlation | |
|---|---|---|
| INKT | 7.9% | |
| Market (SPY) | 9.7% | 7.2% |
| Sector (XLV) | -4.1% | 8.2% |
Fundamental Drivers
The 12.4% change in INKT stock from 11/30/2025 to 6/16/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 11302025 | 6162026 | Change |
|---|---|---|---|
| Stock Price ($) | 10.51 | 11.81 | 12.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 0.0% |
| P/S Multiple | ∞ | ∞ | 0.0% |
| Shares Outstanding (Mil) | 4 | 5 | -7.4% |
| Cumulative Contribution | 0.0% |
Market Drivers
11/30/2025 to 6/16/2026| Return | Correlation | |
|---|---|---|
| INKT | 12.4% | |
| Market (SPY) | 10.4% | 10.2% |
| Sector (XLV) | -2.2% | 4.4% |
Fundamental Drivers
The 68.0% change in INKT stock from 5/31/2025 to 6/16/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 5312025 | 6162026 | Change |
|---|---|---|---|
| Stock Price ($) | 7.03 | 11.81 | 68.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 0.0% |
| P/S Multiple | ∞ | ∞ | 0.0% |
| Shares Outstanding (Mil) | 4 | 5 | -17.4% |
| Cumulative Contribution | 0.0% |
Market Drivers
5/31/2025 to 6/16/2026| Return | Correlation | |
|---|---|---|
| INKT | 68.0% | |
| Market (SPY) | 28.8% | -1.9% |
| Sector (XLV) | 17.4% | -4.1% |
Fundamental Drivers
The -32.9% change in INKT stock from 5/31/2023 to 6/16/2026 was primarily driven by a -29.2% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 5312023 | 6162026 | Change |
|---|---|---|---|
| Stock Price ($) | 17.60 | 11.81 | -32.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 0.0% |
| P/S Multiple | ∞ | ∞ | 0.0% |
| Shares Outstanding (Mil) | 3 | 5 | -29.2% |
| Cumulative Contribution | 0.0% |
Market Drivers
5/31/2023 to 6/16/2026| Return | Correlation | |
|---|---|---|
| INKT | -32.9% | |
| Market (SPY) | 86.6% | 1.9% |
| Sector (XLV) | 25.8% | -3.8% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| INKT Return | -63% | -41% | -59% | -35% | 60% | 12% | -90% |
| Peers Return | -38% | -66% | -29% | -59% | -21% | 66% | -92% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 10% | 101% |
Monthly Win Rates [3] | |||||||
| INKT Win Rate | 33% | 25% | 25% | 25% | 42% | 50% | |
| Peers Win Rate | 36% | 28% | 30% | 35% | 37% | 57% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| INKT Max Drawdown | - | -75% | -74% | -70% | -91% | -37% | |
| Peers Max Drawdown | -68% | -72% | -74% | -79% | -60% | -36% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: NKTX, FATE, ALLO, IPSC, CRBU.
[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 6/16/2026 (YTD)
How Low Can It Go
| Event | INKT | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -27.4% | -18.8% |
| % Gain to Breakeven | 37.7% | 23.1% |
| Time to Breakeven | 44 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -48.5% | -9.5% |
| % Gain to Breakeven | 94.3% | 10.5% |
| Time to Breakeven | 647 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -57.6% | -6.7% |
| % Gain to Breakeven | 136.0% | 7.1% |
| Time to Breakeven | 21 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -74.9% | -24.5% |
| % Gain to Breakeven | 299.2% | 32.4% |
| Time to Breakeven | 1094 days | 427 days |
In The Past
MiNK Therapeutics's stock fell -27.4% during the 2025 US Tariff Shock. Such a loss loss requires a 37.7% gain to breakeven.
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| Event | INKT | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -27.4% | -18.8% |
| % Gain to Breakeven | 37.7% | 23.1% |
| Time to Breakeven | 44 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -48.5% | -9.5% |
| % Gain to Breakeven | 94.3% | 10.5% |
| Time to Breakeven | 647 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -57.6% | -6.7% |
| % Gain to Breakeven | 136.0% | 7.1% |
| Time to Breakeven | 21 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -74.9% | -24.5% |
| % Gain to Breakeven | 299.2% | 32.4% |
| Time to Breakeven | 1094 days | 427 days |
In The Past
MiNK Therapeutics's stock fell -27.4% during the 2025 US Tariff Shock. Such a loss loss requires a 37.7% 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 MiNK Therapeutics (INKT)
MiNK Therapeutics (INKT) is a clinical-stage biopharmaceutical company dedicated to developing innovative cell therapies. It focuses on the discovery, development, and commercialization of "off-the-shelf" allogeneic invariant natural killer T (iNKT) cell therapies. These advanced treatments are being designed to address a range of serious medical conditions, including various forms of cancer and other immune-mediated diseases.
The company's primary product candidate is AGENT-797, an allogeneic iNKT cell therapy currently in Phase 1 clinical trials. Being "off-the-shelf" means it is readily available and not custom-made for each patient, offering potential advantages in accessibility and manufacturing. AGENT-797 is specifically being developed for the treatment of various myeloma diseases, targeting the oncology market where there is a significant need for new therapeutic options.
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- MiNK Therapeutics is like **Kite Pharma for universal cell therapies.**
- MiNK Therapeutics is **a biotech like Amgen, but focused on developing ready-made, 'off-the-shelf' cell therapies for cancer and immune diseases.**
- MiNK Therapeutics is **a clinical-stage Genentech, pioneering the next generation of 'off-the-shelf' cell therapies.**
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- AGENT-797: An off-the-shelf, allogeneic invariant natural killer T (iNKT) cell therapy currently in Phase 1 clinical trials for the treatment of various myeloma diseases.
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MiNK Therapeutics (INKT) is a clinical-stage biopharmaceutical company focused on the discovery and development of cell therapies. Its lead product candidate, AGENT-797, is currently in Phase 1 clinical trials.
At this stage of development, MiNK Therapeutics does not have commercialized products available for sale. Therefore, the company does not have major customers in the traditional sense (e.g., pharmaceutical distributors, hospitals, or individual patients) from whom it generates product revenue.
Its primary activities involve research and development to advance its product candidates through clinical trials with the aim of potential future commercialization. As such, it is not currently selling products or services to other companies or individuals.
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The major suppliers for MiNK Therapeutics (INKT) are:
- Agenus Inc. (Symbol: AGEN)
- KBI Biopharma, Inc.
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Dr. Jennifer Buell was appointed President and Chief Executive Officer of MiNK Therapeutics in February 2021. She brings over 25 years of biopharmaceutical experience, guiding teams from discovery candidates through clinical development to commercialization. Prior to her role at MiNK, Dr. Buell served as President and Chief Operating Officer at Agenus, transforming it into a global, fully-integrated biotech company with multiple strategic partnerships. She also holds the position of Chairman of the Executive Council at Agenus and has served as a director of Protagenic Therapeutics, Inc. since July 2020.
Christine M. Klaskin Treasurer, Principal Financial Officer and Principal Accounting OfficerChristine M. Klaskin oversees the financial reporting for MiNK Therapeutics. She holds the titles of Treasurer, Principal Financial Officer, and Principal Accounting Officer.
Garo Armen, Ph.D. Co-Founder and ChairmanDr. Garo Armen has been the Chairman of MiNK Therapeutics' Board since July 2017 and is a Co-Founder of the company. He is also the Chairman and Chief Executive Officer of Agenus Inc., a company he co-founded in 1994. Dr. Armen played a key role in the successful restructuring of the biopharmaceutical company Elan Corporation, where he served as Chairman of the Board. Additionally, he is currently the Chairman of the Board of Protagenic Therapeutics.
Dr. Marc van Dijk Chief Scientific OfficerDr. Marc van Dijk is the Chief Scientific Officer at MiNK Therapeutics. He is credited with spearheading the discovery and development of the company's invariant natural killer T (iNKT) cell platform.
Dr. Terese Hammond Head of Inflammatory and Pulmonary DiseasesDr. Terese Hammond serves as the Head of Inflammatory and Pulmonary Diseases for MiNK Therapeutics. Appointed in September 2025, she is responsible for accelerating the company's pipeline into pivotal development in her area of expertise.
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Key Risks to MiNK Therapeutics (INKT)
- Clinical Trial Failure and Regulatory Hurdles: As a clinical-stage biopharmaceutical company, MiNK Therapeutics' success is entirely dependent on the successful outcome of its ongoing and future clinical trials for its lead product candidate, AGENT-797, and other pipeline assets. AGENT-797 is currently in Phase 1 clinical trials for various indications, including solid tumors, multiple myeloma, graft-versus-host disease (GvHD), and critical pulmonary immune failure. There is a high inherent risk of failure at each stage of clinical development, and positive results in early phases do not guarantee success in later, larger trials. Furthermore, the evolving and stringent regulatory landscape for novel cell therapies poses significant hurdles, where any misalignment with guidelines can lead to costly delays or outright rejection, irrespective of therapeutic potential.
- Financial Viability and Dilution Risk: MiNK Therapeutics is a pre-revenue company operating at a net loss, typical for a clinical-stage biotech. The company will require substantial additional capital to fund its extensive and lengthy research, development, and clinical trial programs through commercialization. Its cash runway was noted to be approximately $14.3 million through 2026 as of Q3 2025. The need to raise additional financing often results in the issuance of new equity, which can significantly dilute the ownership and value for existing shareholders.
- Intense Competition and Market Acceptance: The biopharmaceutical industry, particularly in advanced cancer treatments and cell therapies, is highly competitive and rapidly evolving. MiNK Therapeutics faces competition from other companies developing allogeneic and autologous cell therapies, as well as conventional treatments. Even if AGENT-797 successfully completes clinical trials and receives regulatory approval, there is no guarantee it will achieve broad market acceptance. Factors such as efficacy, safety profile, manufacturing scalability, cost, pricing pressures, reimbursement policies, and the emergence of superior competing therapies could limit its commercial success. While iNKT cells offer potential advantages like reduced risk of GvHD, achieving comparable persistence to autologous products in allogeneic settings remains a challenge.
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MiNK Therapeutics' lead product candidate, AGENT-797, is an invariant natural killer T (iNKT) cell therapy primarily focused on treating various myeloma diseases. Therefore, the most direct addressable market for this product is the multiple myeloma therapeutics market.
Addressable Market for Multiple Myeloma Therapeutics
- Global Market: The global multiple myeloma therapeutics market size was valued at approximately USD 25.4 billion in 2023 and is projected to grow to USD 44.2 billion by 2032.
- North American Market: The North American multiple myeloma therapeutics market is expected to reach USD 20.4 billion by the end of 2032.
Broader Addressable Market for Natural Killer (NK) Cell Therapeutics (including iNKT cells)
As AGENT-797 is an iNKT cell therapy, it also falls within the broader Natural Killer (NK) Cell Therapeutics market.
- Global Market: The global natural killer (NK) cell therapeutics market size was estimated at USD 340.25 million in 2024 and is predicted to increase to approximately USD 9,997.65 million by 2034, expanding at a CAGR of 40.22% from 2025 to 2034.
- North American Market: North America held a significant share of the global NK Cell Therapy market, accounting for over 40% of the global revenue with a market size of USD 40.20 million in 2024.
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MiNK Therapeutics, Inc. (INKT), a clinical-stage biopharmaceutical company, is focused on the discovery, development, and commercialization of allogeneic, off-the-shelf, invariant natural killer T (iNKT) cell therapies. While currently reporting no revenue, the company's future revenue growth over the next 2-3 years is expected to be driven by key developmental milestones and strategic financial inflows that lay the groundwork for eventual product commercialization.
Here are 3-5 expected drivers of future revenue growth for MiNK Therapeutics:
- Advancement of Lead Product Candidate AGENT-797 Through Clinical Trials: Successful progression of AGENT-797, their primary iNKT cell therapy candidate, through ongoing and future clinical trials is a critical driver. AGENT-797 is currently in Phase 1 and Phase 2 clinical trials for various indications, including solid tumors like gastric cancer and metastatic testicular cancer, as well as inflammatory lung conditions such as ARDS and graft-versus-host disease (GvHD). Positive clinical data and the achievement of further clinical milestones are anticipated to create "value-inflection" points that can attract additional investment, facilitate future partnerships, and are essential steps towards eventual regulatory approval and market entry, though commercialization is likely beyond the immediate 2-3 year timeframe.
- Strategic Partnerships and Milestone Payments: New and existing collaborations are expected to contribute to financial inflows and future revenue potential. A recent example is the strategic partnership with C-Further to develop a PRAME-targeted iNKT cell therapy for pediatric cancers. This collaboration is set to provide MiNK Therapeutics with up to $1.1 million in non-dilutive funding for initial studies and preclinical milestones, along with potential double-digit royalties on future sales, representing a direct source of funding and future revenue. Additionally, the company has secured grant funding, such as a Department of Defense STTR Grant, to advance its iNKT programs in GvHD, further bolstering its financial position for development.
- Expansion of iNKT Cell Therapy Pipeline and New Indications: The company's strategy includes broadening its proprietary iNKT cell therapy platform to address new indications and developing next-generation candidates beyond AGENT-797. This includes the development of PRAME-TCR iNKTs for targeting intracellular cancer targets and MiNK-215 (IL-15 Armored CAR-iNKT) for robust anti-tumor activity. Expanding the pipeline into new areas, such as different types of cancer, pulmonary diseases, and transplant settings, increases the long-term commercial potential and opens opportunities for additional collaborations or licensing agreements, which could lead to future revenue streams.
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Share Issuance
- MiNK Therapeutics completed a private placement financing in May 2024, selling 4,640,000 shares of common stock at $1.25 per share, raising $5.8 million to advance clinical trials for MiNK-215.
- The number of outstanding shares has increased significantly, from 2.83 million in 2020 to 4.44 million by February 2026, indicating ongoing share issuances.
- A 1:10 reverse stock split was implemented on January 28, 2025.
Inbound Investments
- In March 2026, MiNK Therapeutics entered into a collaboration with the C-Further pediatric oncology consortium, which includes up to approximately $1.1 million in non-dilutive funding to support IND-enabling work for a PRAME-targeted iNKT cell therapy.
- The company raised $5.8 million in private financing during 2024.
- MiNK Therapeutics entered a research collaboration with Autonomous Therapeutics in October 2024 to develop precision RNA-iNKT therapies for metastatic tumors, with the company prioritizing externally funded clinical trials to advance its programs.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 2.04 |
| Mkt Cap | 0.2 |
| Rev LTM | 0 |
| Op Inc LTM | -118 |
| FCF LTM | -99 |
| FCF 3Y Avg | -112 |
| CFO LTM | -98 |
| CFO 3Y Avg | -107 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -52.6% |
| Rev Chg 3Y Avg | 23.4% |
| Rev Chg Q | -20.3% |
| QoQ Delta Rev Chg LTM | -5.0% |
| Op Inc Chg LTM | 18.4% |
| Op Inc Chg 3Y Avg | 9.2% |
| Op Mgn LTM | -1,637.3% |
| Op Mgn 3Y Avg | -1,666.0% |
| QoQ Delta Op Mgn LTM | 84.1% |
| CFO/Rev LTM | -1,268.0% |
| CFO/Rev 3Y Avg | -1,211.3% |
| FCF/Rev LTM | -1,310.3% |
| FCF/Rev 3Y Avg | -1,249.4% |
Segment Financials
Operating Income by Segment| $ Mil | 2025 | 2024 |
|---|---|---|
| Discovery, development and manufacturing of allogeneic, off-the-shelf, iNKT cell therapies to treat | -0 | -0 |
| Total | -0 | -0 |
| $ Mil | 2025 | 2024 |
|---|---|---|
| Discovery, development and manufacturing of allogeneic, off-the-shelf, iNKT cell therapies to treat | -0 | -0 |
| Total | -0 | -0 |
| $ Mil | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|
| Discovery, development and manufacturing of allogeneic, off-the-shelf, iNKT cell therapies to treat | 5 | 21 | 40 | 5 |
| Total | 5 | 21 | 40 | 5 |
Price Behavior
| Market Price | $11.81 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 10/15/2021 | |
| Distance from 52W High | -81.6% | |
| 50 Days | 200 Days | |
| DMA Price | $11.64 | $12.21 |
| DMA Trend | down | up |
| Distance from DMA | 1.5% | -3.3% |
| 3M | 1YR | |
| Volatility | 89.0% | 740.1% |
| Downside Capture | 71.66 | -65.41 |
| Upside Capture | 115.58 | 5.16 |
| Correlation (SPY) | 2.5% | -1.8% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.80 | 1.07 | 0.30 | 0.53 | -1.42 | 0.66 |
| Up Beta | -1.33 | -1.16 | -1.33 | -0.73 | 0.29 | 0.81 |
| Down Beta | -4.27 | -0.80 | -1.17 | -0.07 | 4.60 | 1.93 |
| Up Capture | 2% | 209% | 155% | 143% | 16% | 5% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 6 | 19 | 29 | 56 | 104 | 327 |
| Down Capture | 7% | 453% | 159% | 125% | -96% | 68% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 13 | 21 | 33 | 65 | 142 | 399 |
[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 INKT | |
|---|---|---|---|---|
| INKT | 67.0% | 740.0% | 0.84 | - |
| Sector ETF (XLV) | 14.4% | 15.0% | 0.69 | -4.2% |
| Equity (SPY) | 27.2% | 12.4% | 1.66 | -2.0% |
| Gold (GLD) | 25.8% | 27.4% | 0.82 | 4.9% |
| Commodities (DBC) | 23.3% | 18.9% | 0.98 | 7.1% |
| Real Estate (VNQ) | 13.6% | 13.5% | 0.69 | 0.8% |
| Bitcoin (BTCUSD) | -37.7% | 42.4% | -1.00 | 4.9% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with INKT | |
|---|---|---|---|---|
| INKT | -35.9% | 436.2% | 0.52 | - |
| Sector ETF (XLV) | 6.1% | 14.7% | 0.23 | -1.6% |
| Equity (SPY) | 13.8% | 17.1% | 0.63 | 3.0% |
| Gold (GLD) | 17.6% | 18.2% | 0.78 | 3.4% |
| Commodities (DBC) | 7.8% | 19.4% | 0.30 | 3.5% |
| Real Estate (VNQ) | 2.5% | 18.8% | 0.04 | -0.2% |
| Bitcoin (BTCUSD) | 12.1% | 54.2% | 0.42 | 3.1% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with INKT | |
|---|---|---|---|---|
| INKT | -19.9% | 436.2% | 0.52 | - |
| Sector ETF (XLV) | 9.7% | 16.6% | 0.47 | -1.6% |
| Equity (SPY) | 15.4% | 18.0% | 0.73 | 3.0% |
| Gold (GLD) | 12.8% | 16.1% | 0.66 | 3.4% |
| Commodities (DBC) | 6.2% | 18.0% | 0.27 | 3.5% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.23 | -0.2% |
| Bitcoin (BTCUSD) | 60.7% | 66.8% | 1.00 | 3.1% |
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Earnings Returns History
Updated 6/17/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/15/2026 | 2.0% | 4.1% | 19.3% |
| 12/8/2025 | 8.2% | 1.4% | 3.2% |
| 8/14/2025 | -12.5% | -17.3% | -17.7% |
| 5/15/2025 | -4.3% | 2.7% | -3.3% |
| 3/18/2025 | -3.3% | 0.6% | -9.0% |
| 11/14/2024 | -5.6% | -11.3% | -22.5% |
| 8/13/2024 | 1.6% | 0.5% | -7.2% |
| 5/14/2024 | 14.3% | 3.1% | -1.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 7 | 10 | 5 |
| # Negative | 9 | 6 | 11 |
| Median Positive | 6.7% | 2.9% | 19.3% |
| Median Negative | -4.3% | -12.8% | -7.2% |
| Max Positive | 14.3% | 150.0% | 89.7% |
| Max Negative | -13.6% | -29.0% | -26.1% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/15/2026 | 2.0% | 4.1% | 19.3% |
| 12/8/2025 | 8.2% | 1.4% | 3.2% |
| 8/14/2025 | -12.5% | -17.3% | -17.7% |
| 5/15/2025 | -4.3% | 2.7% | -3.3% |
| 3/18/2025 | -3.3% | 0.6% | -9.0% |
| 11/14/2024 | -5.6% | -11.3% | -22.5% |
| 8/13/2024 | 1.6% | 0.5% | -7.2% |
| 5/14/2024 | 14.3% | 3.1% | -1.6% |
| 3/21/2024 | -0.7% | 1.6% | -2.2% |
| 11/9/2023 | -6.7% | -14.3% | -14.3% |
| 8/10/2023 | 6.7% | -3.3% | -26.1% |
| 5/11/2023 | 7.3% | 19.2% | 44.4% |
| 3/21/2023 | -1.8% | -3.4% | -1.4% |
| 11/3/2022 | 5.6% | 17.4% | 18.3% |
| 8/9/2022 | -2.9% | 150.0% | 89.7% |
| 5/10/2022 | -13.6% | -29.0% | -6.3% |
| SUMMARY STATS | |||
| # Positive | 7 | 10 | 5 |
| # Negative | 9 | 6 | 11 |
| Median Positive | 6.7% | 2.9% | 19.3% |
| Median Negative | -4.3% | -12.8% | -7.2% |
| Max Positive | 14.3% | 150.0% | 89.7% |
| Max Negative | -13.6% | -29.0% | -26.1% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/15/2026 | 10-Q |
| 12/31/2025 | 03/31/2026 | 10-K |
| 09/30/2025 | 11/14/2025 | 10-Q |
| 06/30/2025 | 08/14/2025 | 10-Q |
| 03/31/2025 | 05/15/2025 | 10-Q |
| 12/31/2024 | 03/18/2025 | 10-K |
| 09/30/2024 | 11/14/2024 | 10-Q |
| 06/30/2024 | 08/13/2024 | 10-Q |
| 03/31/2024 | 05/14/2024 | 10-Q |
| 12/31/2023 | 03/21/2024 | 10-K |
| 09/30/2023 | 11/14/2023 | 10-Q |
| 06/30/2023 | 08/10/2023 | 10-Q |
| 03/31/2023 | 05/11/2023 | 10-Q |
| 12/31/2022 | 03/24/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| 06/30/2022 | 08/15/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/15/2026 | 10-Q |
| 12/31/2025 | 03/31/2026 | 10-K |
| 09/30/2025 | 11/14/2025 | 10-Q |
| 06/30/2025 | 08/14/2025 | 10-Q |
| 03/31/2025 | 05/15/2025 | 10-Q |
| 12/31/2024 | 03/18/2025 | 10-K |
| 09/30/2024 | 11/14/2024 | 10-Q |
| 06/30/2024 | 08/13/2024 | 10-Q |
| 03/31/2024 | 05/14/2024 | 10-Q |
| 12/31/2023 | 03/21/2024 | 10-K |
| 09/30/2023 | 11/14/2023 | 10-Q |
| 06/30/2023 | 08/10/2023 | 10-Q |
| 03/31/2023 | 05/11/2023 | 10-Q |
| 12/31/2022 | 03/24/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| 06/30/2022 | 08/15/2022 | 10-Q |
| 03/31/2022 | 05/13/2022 | 10-Q |
| 12/31/2021 | 03/18/2022 | 10-K |
| 09/30/2021 | 11/29/2021 | 10-Q |
| 06/30/2021 | 10/15/2021 | 424B4 |
Recent Forward Guidance
Updated 6/1/2026Latest: Q1 2026 Earnings Reported 5/15/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Non-dilutive aggregate funding | 1.10 Mil | ||||||
Prior: Q3 2025 Earnings Reported 12/8/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Cash Runway | |||||||
Insider Activity
Updated 6/5/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Ryan, Barbara | Direct | Sell | 6042026 | 12.76 | 1,500 | 19,141 | 280,343 | Form | |
| 2 | Ryan, Barbara | Direct | Sell | 3112026 | 15.40 | 1,300 | 20,017 | 314,209 | Form | |
| 3 | Ryan, Barbara | Direct | Sell | 3112026 | 10.17 | 200 | 2,034 | 220,804 | Form | |
| 4 | Ryan, Barbara | Direct | Sell | 3042026 | 10.83 | 100 | 1,083 | 237,150 | Form | |
| 5 | Ryan, Barbara | Direct | Sell | 3042026 | 10.86 | 400 | 4,343 | 238,948 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Ryan, Barbara | Direct | Sell | 6042026 | 12.76 | 1,500 | 19,141 | 280,343 | Form | |
| 2 | Ryan, Barbara | Direct | Sell | 3112026 | 15.40 | 1,300 | 20,017 | 314,209 | Form | |
| 3 | Ryan, Barbara | Direct | Sell | 3112026 | 10.17 | 200 | 2,034 | 220,804 | Form | |
| 4 | Ryan, Barbara | Direct | Sell | 3042026 | 10.83 | 100 | 1,083 | 237,150 | Form | |
| 5 | Ryan, Barbara | Direct | Sell | 3042026 | 10.86 | 400 | 4,343 | 238,948 | Form |
Industry Resources
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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