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 -75%

Megatrend and thematic drivers
Megatrends include Precision Medicine, and Aging Population & Chronic Disease. Themes include Targeted Therapies, Biopharmaceutical R&D, Show more.

Weak multi-year price returns
2Y Excs Rtn is -101%, 3Y Excs Rtn is -141%

Very low revenue
Rev LTMTotal Revenue or Sales, Last Twelve Months is 0

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -56 Mil

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 -163%

High stock price volatility
Vol 12M is 1164%

Key risks
NXTC key risks include [1] a history of significant losses and a high cash burn rate that necessitates ongoing funding, 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 -75%
1 Megatrend and thematic drivers
Megatrends include Precision Medicine, and Aging Population & Chronic Disease. Themes include Targeted Therapies, Biopharmaceutical R&D, Show more.
2 Weak multi-year price returns
2Y Excs Rtn is -101%, 3Y Excs Rtn is -141%
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 -56 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 -163%
6 High stock price volatility
Vol 12M is 1164%
7 Key risks
NXTC key risks include [1] a history of significant losses and a high cash burn rate that necessitates ongoing funding, Show more.

NXTC in ETFs

Weight = NXTC's share of each fund

VTI0.00%
DFAC0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

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Updated on 7/14/2026

NextCure (NXTC) stock has lost about 40% since 3/31/2026 because of the following key factors:

1. Disappointing market reception to SIM0505 Phase 1 clinical trial data. Despite NextCure and Simcere Zaiming presenting what they characterized as positive Phase 1 dose escalation data for SIM0505 in gynecologic cancers at the American Society for Clinical Oncology (ASCO) 2026 on June 1, 2026, the market reacted negatively. The stock experienced a substantial drop of 45.48% on June 1, 2026, indicating that investor expectations regarding the efficacy or commercial potential of this key pipeline asset were not met. While an Objective Response Rate (ORR) of 55% was reported in therapeutic-dose patients, dose discontinuations were associated with adverse events such as interstitial lung disease, fungal pneumonia, and thrombocytopenia at higher doses.

2. Persistent operational cash burn and limited financial runway. NextCure continued to face significant operational cash burn, raising concerns about its financial stability and future funding needs. In fiscal Q1 2026, which ended March 31, 2026, the company's cash, cash equivalents, and marketable securities decreased by $12.1 million from the prior quarter, primarily due to $13.4 million used to fund operations. The company projected its existing financial resources would only be sufficient to fund operations into the first half of fiscal year 2027 through proof-of-concept for SIM0505, contributing to investor concerns about potential future shareholder dilution.

Show more
Updated on 7/14/2026

NextCure (NXTC) stock has lost about 40% since 3/31/2026 because of the following key factors:

1. Disappointing market reception to SIM0505 Phase 1 clinical trial data. Despite NextCure and Simcere Zaiming presenting what they characterized as positive Phase 1 dose escalation data for SIM0505 in gynecologic cancers at the American Society for Clinical Oncology (ASCO) 2026 on June 1, 2026, the market reacted negatively. The stock experienced a substantial drop of 45.48% on June 1, 2026, indicating that investor expectations regarding the efficacy or commercial potential of this key pipeline asset were not met. While an Objective Response Rate (ORR) of 55% was reported in therapeutic-dose patients, dose discontinuations were associated with adverse events such as interstitial lung disease, fungal pneumonia, and thrombocytopenia at higher doses.

2. Persistent operational cash burn and limited financial runway. NextCure continued to face significant operational cash burn, raising concerns about its financial stability and future funding needs. In fiscal Q1 2026, which ended March 31, 2026, the company's cash, cash equivalents, and marketable securities decreased by $12.1 million from the prior quarter, primarily due to $13.4 million used to fund operations. The company projected its existing financial resources would only be sufficient to fund operations into the first half of fiscal year 2027 through proof-of-concept for SIM0505, contributing to investor concerns about potential future shareholder dilution.

3. Significant shareholder dilution from the merger with Avere Therapeutics. NextCure announced an all-stock merger with privately held Avere Therapeutics on July 14, 2026. Under the terms of the merger, pre-merger NextCure stockholders are expected to own approximately 1.21% of the combined company, with the new entity operating as Avere Therapeutics under the ticker "AVRX". This substantial dilution of existing NextCure shares, despite a concurrent $320 million private placement to fund Avere's programs, fundamentally revalued the original company's stock downwards for its shareholders.

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Stock Movement Drivers

Fundamental Drivers

The -38.4% change in NXTC stock from 3/31/2026 to 7/14/2026 was primarily driven by a -24.0% change in the company's Shares Outstanding (Mil).
(LTM values as of)33120267142026Change
Stock Price ($)10.686.58-38.4%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple0.0%
Shares Outstanding (Mil)45-24.0%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 7/14/2026
ReturnCorrelation
NXTC-38.4% 
Market (SPY)15.6%6.1%
Sector (XLV)8.0%-18.5%

Fundamental Drivers

The -53.6% change in NXTC stock from 12/31/2025 to 7/14/2026 was primarily driven by a -48.9% change in the company's Shares Outstanding (Mil).
(LTM values as of)123120257142026Change
Stock Price ($)14.196.58-53.6%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple0.0%
Shares Outstanding (Mil)35-48.9%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 7/14/2026
ReturnCorrelation
NXTC-53.6% 
Market (SPY)10.6%6.3%
Sector (XLV)2.7%-12.2%

Fundamental Drivers

The 19.2% change in NXTC stock from 6/30/2025 to 7/14/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).
(LTM values as of)63020257142026Change
Stock Price ($)5.526.5819.2%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple0.0%
Shares Outstanding (Mil)25-55.5%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2025 to 7/14/2026
ReturnCorrelation
NXTC19.2% 
Market (SPY)22.7%3.1%
Sector (XLV)19.0%-2.0%

Fundamental Drivers

The -69.5% change in NXTC stock from 6/30/2023 to 7/14/2026 was primarily driven by a -55.8% change in the company's Shares Outstanding (Mil).
(LTM values as of)63020237142026Change
Stock Price ($)21.606.58-69.5%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple0.0%
Shares Outstanding (Mil)25-55.8%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2023 to 7/14/2026
ReturnCorrelation
NXTC-69.5% 
Market (SPY)75.6%2.1%
Sector (XLV)24.9%-0.6%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
NXTC Return-45%-76%-19%-32%53%-85%-98%
Peers Return43%-20%3%78%-33%-9%27%
S&P 500 Return27%-19%24%23%16%10%100%

Monthly Win Rates [3]
NXTC Win Rate33%8%42%50%58%29% 
Peers Win Rate46%50%46%58%75%41% 
S&P 500 Win Rate75%42%67%75%67%57% 

Max Drawdowns [4]
NXTC Max Drawdown-59%-81%-45%-69%-96%-89% 
Peers Max Drawdown-41%-46%-34%-26%-59%-39% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: VRTX, ATYR, AVLN, CNXU, COAG.
[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 7/14/2026 (YTD)

How Low Can It Go

EventNXTCS&P 500
2025 US Tariff Shock
  % Loss-64.9%-18.8%
  % Gain to Breakeven185.2%23.1%
  Time to Breakeven190 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-40.1%-9.5%
  % Gain to Breakeven67.0%10.5%
  Time to Breakeven121 days24 days
2023 SVB Regional Banking Crisis
  % Loss-13.1%-6.7%
  % Gain to Breakeven15.1%7.1%
  Time to Breakeven2 days31 days

Compare to VRTX, ATYR, AVLN, CNXU, COAG

In The Past

NextCure's stock fell -64.9% during the 2025 US Tariff Shock. Such a loss loss requires a 185.2% 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.

EventNXTCS&P 500
2025 US Tariff Shock
  % Loss-64.9%-18.8%
  % Gain to Breakeven185.2%23.1%
  Time to Breakeven190 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-40.1%-9.5%
  % Gain to Breakeven67.0%10.5%
  Time to Breakeven121 days24 days

Compare to VRTX, ATYR, AVLN, CNXU, COAG

In The Past

NextCure's stock fell -64.9% during the 2025 US Tariff Shock. Such a loss loss requires a 185.2% 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 NextCure (NXTC)

NextCure, Inc. (NXTC) is a clinical-stage biopharmaceutical company focused on discovering and developing novel immunomedicines. Its core mission is to treat cancer and other immune-related diseases by restoring normal immune function within the body. As a company in the clinical stage, NextCure is actively involved in the research, development, and testing of its drug candidates, moving them through various phases of human clinical trials.

The company's pipeline includes several promising product candidates targeting different mechanisms. Its most advanced program is NC318, which is currently in Phase II clinical trials for the treatment of advanced or metastatic solid tumors. NextCure is also developing NC410, a novel immunomedicine in Phase I designed to block immune suppression mediated by Leukocyte-Associated Immunoglobulin-like Receptor 1 (LAIR-1). Further candidates include NC762, an immunomedicine targeting the human B7 homolog 4 protein (B7-H4), and NC525, a preclinical LAIR-1 antibody aimed at acute myeloid leukemia, blast cells, and leukemic stem cells.

Operating within the biotechnology and pharmaceutical sector, NextCure primarily serves the market of patients suffering from cancer and other immune-related disorders, seeking to provide innovative therapeutic options. The company's strategy involves leveraging its internal discovery and research programs, alongside strategic collaborations like its license agreement with Yale University, to advance its portfolio of immunomodulatory molecules. NextCure, Inc. was incorporated in 2015 and is headquartered in Beltsville, Maryland.

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Here are a few brief analogies for NextCure (NXTC):

  • An early-stage Amgen or Genentech specializing in immune-based cancer treatments.
  • Like Moderna or BioNTech in their clinical-stage days, but developing novel immunomedicines for cancer and immune diseases instead of vaccines.

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  • NC318: A lead product candidate in Phase II clinical trials for advanced or metastatic solid tumors.
  • NC410: An immunomedicine in Phase I designed to block immune suppression mediated by Leukocyte-Associated Immunoglobulin-like Receptor 1.
  • NC762: An immunomedicine targeting the human B7 homolog 4 protein (B7-H4).
  • NC525: A novel LAIR-1 antibody in preclinical trials that targets acute myeloid leukemia, blast cells, and leukemic stem cells.

AI Analysis | Feedback

NextCure, Inc. (NXTC) is a clinical-stage biopharmaceutical company primarily engaged in the discovery and development of novel immunomedicines. As described, its product candidates (NC318, NC410, NC762, NC525) are currently in various stages of clinical trials (Phase II, Phase I, Preclinical) and have not yet received regulatory approval for commercial sale. Therefore, NextCure does not currently have major commercial customers purchasing its products.

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Michael Richman President & CEO

Mr. Richman co-founded NextCure in 2015. He brings over 30 years of industry experience, including operating in research, project management, intellectual property, business development, and strategic planning. Prior to founding NextCure, he served as President and Chief Executive Officer of Amplimmune from its founding in 2007 until its acquisition by MedImmune/AstraZeneca in 2013. Mr. Richman also served as Executive Vice President and Chief Operating Officer of MacroGenics from 2002 to 2007, and held Senior Vice President and Vice President roles in corporate development and business development at MedImmune from 1996 to 2002. From 1985 to 1996, he held various positions in business development and intellectual property at Chiron (now Novartis). He also sits on public and private company Boards.

Steven P. Cobourn Chief Financial Officer

Mr. Cobourn has served as NextCure's Chief Financial Officer since January 2018. Before joining NextCure, he was the Chief Financial Officer of Vaccinex, Inc., a biotechnology company, from May 2014 to January 2018. Prior to Vaccinex, Mr. Cobourn was the Vice President of Finance and Treasurer of Otsuka America Pharmaceutical, Inc., a private pharmaceutical company, from 2003 to April 2014, and held other roles at Otsuka America Pharmaceutical from 1993 to 2003.

Solomon Langermann Chief Scientific Officer

Dr. Langermann serves as NextCure's Chief Scientific Officer and has been in this role since December 2018. He was also Senior Vice President of Research at NextCure at its founding. Most recently, he served as Senior Vice President and Chief Scientific Officer of Amplimmune (now MedImmune/AstraZeneca), playing a critical role in its growth which led to partnering activities and its acquisition by AstraZeneca. Before Amplimmune, Dr. Langermann held several positions at MedImmune, including Senior Director of Cell Biology and Director of Immunology and Molecular Genetics. He also headed Research and Development at PharmAthene (now Altimmune) where he served as CSO at both their Annapolis, Maryland, and Montreal, Canada sites.

Timothy Mayer Chief Operating Officer

Dr. Mayer serves as the Chief Operating Officer of NextCure.

Udayan Guha Chief Medical Officer

Dr. Guha serves as the Chief Medical Officer of NextCure.

AI Analysis | Feedback

Here are the key risks to NextCure's business:

  1. Clinical Trial and Regulatory Approval Failure: NextCure is a clinical-stage biopharmaceutical company with no products currently approved for commercial sale, meaning its success is entirely dependent on the successful development, regulatory approval, and eventual commercialization of its product candidates, including NC318, NC410, NC762, NC525, SIM0505, and LNCB74. The clinical development process is lengthy, expensive, and uncertain, with a high risk of failure at any stage. Positive results in preclinical studies or early-stage clinical trials are not necessarily predictive of success in later or pivotal trials. The company has a history of discontinuing a lead candidate, NC318, after it failed to demonstrate efficacy in a Phase 2 trial.

  2. Funding and Going Concern Risk: NextCure has a limited operating history and has consistently incurred significant losses, as it has no product revenue. The company will require substantial additional financing to fund its ongoing and future research, development, and operational objectives. There is substantial doubt about NextCure's ability to continue as a going concern, and there is no guarantee that future financing will be available on acceptable terms or at all. A failure to secure adequate funding could lead to delays, curtailment, or even cessation of its product development programs and operations, potentially diluting existing shareholders if new equity is issued.

  3. Intellectual Property Risk: NextCure's ability to compete and generate future revenue relies heavily on its capacity to obtain, maintain, and enforce robust patent and other intellectual property protection for its product candidates and proprietary technology. Although the company has filed patent applications for its lead candidates, no patents have yet been issued from these applications. The company also relies on a license agreement with Yale University. Any inability to secure or defend its intellectual property could significantly harm its business and competitive position.

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AI Analysis | Feedback

NextCure, Inc. (NXTC) develops immunomedicines for cancer and immune-related diseases. The addressable markets for its main product candidates are detailed below:

  • NC318: NextCure discontinued the clinical development of NC318 in November 2022 due to efficacy data.
  • NC410 (LAIR-2 fusion protein for advanced or metastatic solid tumors): The global metastatic cancer treatment market was estimated at USD 91.44 billion in 2026 and is projected to reach USD 134.39 billion by 2031, growing at a compound annual growth rate (CAGR) of 8.01% during that period. North America held approximately 44.89% of the metastatic cancer treatment market share in 2025. Another report indicated the global metastatic cancer drugs market size was valued at USD 67.7 billion in 2022 and is projected to reach USD 136.9 billion by 2032, with a CAGR of 7.3%. North America accounted for the largest market size in 2022 within this market.
  • LNCB74 (B7-H4 targeted immunomedicine): While the original NC762 has been replaced, NextCure is developing LNCB74, a B7-H4 targeted antibody-drug conjugate (ADC). The global B7-H4 Antibody market was valued at USD 450 million in 2024 and is projected to reach USD 1,066 million by 2032, exhibiting a CAGR of 13.4% during the forecast period. The B7-H4 targeting therapies market is expected to grow significantly, with the United States anticipated to hold the largest share among the 7 Major Markets (7MM) in 2027.
  • NC525 (LAIR-1 antibody for acute myeloid leukemia): The global acute myeloid leukemia (AML) treatment market size was estimated at USD 3.47 billion in 2024 and is projected to reach USD 6.29 billion by 2030, growing at a CAGR of 10.6% from 2025 to 2030. In 2024, North America dominated the global AML treatment market with a 37.6% revenue share, and the U.S. comprised 90.9% of the North American market. Another estimate projects the global AML treatment market to be USD 4.28 billion in 2026, reaching approximately USD 10.64 billion by 2035, growing at a CAGR of 10.64%.

AI Analysis | Feedback

NextCure, Inc. (NXTC) is a clinical-stage biopharmaceutical company with no current revenue from product sales, meaning its future revenue growth is dependent on the successful advancement of its drug pipeline and potential partnership agreements. Over the next 2-3 years, the expected drivers of future revenue growth are primarily tied to key clinical development milestones and strategic collaborations for its antibody-drug conjugate (ADC) programs.

Here are 3-5 expected drivers of future revenue growth for NextCure:

  1. Successful Clinical Development and Data Readouts for SIM0505 (CDH6 ADC): The primary driver for NextCure is the advancement of SIM0505, a novel ADC targeting cadherin-6. The company anticipates presenting Phase 1 dose escalation data in the second quarter of 2026 and initiating a Phase 1 dose optimization study for platinum-resistant ovarian cancer in the same quarter. Expanding clinical trial sites in the U.S., Canada, and Europe in 2026 and 2027 is intended to accelerate this program, with positive data readouts and progression through clinical phases serving as critical de-risking events that could lead to future licensing or commercialization opportunities.
  2. Advancement of LNCB74 (B7-H4 ADC) through Clinical Trials: Another significant driver is the ongoing development of LNCB74, a B7-H4 targeted ADC. This program is in Phase 1 dose escalation, and NextCure expects to provide a trial progress update in the second half of 2026. Favorable clinical updates and continued progression for LNCB74 would enhance the value of NextCure's pipeline and its attractiveness for potential collaborations.
  3. Formation of New Strategic Partnerships or Expansion of Existing Collaborations: For a clinical-stage company like NextCure, securing new strategic partnerships or expanding existing collaborations based on the success and promise of its ADC pipeline is a crucial driver of future revenue. Such partnerships can provide non-dilutive funding through upfront payments and milestone payments, as evidenced by the upfront license fees and milestone payments related to the acquisition of rights for SIM0505 in 2025. Successful clinical outcomes for SIM0505 and LNCB74 would increase their appeal for potential partners, leading to future revenue streams.

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Share Issuance

  • NextCure announced a private placement of common stock in November 2025, raising approximately $21.5 million in gross proceeds.
  • The company executed a one-for-twelve reverse stock split on July 14, 2025.
  • NextCure has granted employee stock options, including grants to its Chief Medical Officer and Sr VP and General Counsel in January 2026.

Inbound Investments

  • In November 2025, NextCure closed a $21.5 million PIPE (Private Investment in Public Equity) financing.
  • Institutional investors, such as Ikarian Capital, LLC and Squadron Capital Management LLC, have reported significant beneficial ownership stakes in NextCure, Inc.
  • NextCure has engaged in strategic partnerships, including a collaboration with Simcere Zaiming to develop a CDH6-targeting ADC (antibody-drug conjugate) named SIM0505 for solid tumors.

Capital Expenditures

  • NextCure reported capital expenditures of $34,000 in the last 12 months.
  • The company's corporate headquarters in Beltsville, Maryland, includes office, laboratory, and manufacturing space with a lease expiring in March 2030, which are considered adequate for current needs.

Latest Trefis Analyses

TitleDate
0DASHBOARDS 
1NextCure Earnings Notes12/16/2025
Title
0ARTICLES

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

NXTCVRTXATYRAVLNCNXUCOAGMedian
NameNextCure Vertex P.aTyr Pha.Avalyn P.Conexeu .Hemab Th. 
Mkt Price6.58476.310.4928.289.5043.3118.89
Mkt Cap0.0121.0----60.5
Rev LTM012,218--0-0
Op Inc LTM-564,662---5--5
FCF LTM-503,710---4--4
FCF 3Y Avg-481,977----965
CFO LTM-504,241---4--4
CFO 3Y Avg-472,401----1,177

Growth & Margins

NXTCVRTXATYRAVLNCNXUCOAGMedian
NameNextCure Vertex P.aTyr Pha.Avalyn P.Conexeu .Hemab Th. 
Rev Chg LTM-10.1%----10.1%
Rev Chg 3Y Avg-9.9%----9.9%
Rev Chg Q-7.8%----7.8%
QoQ Delta Rev Chg LTM-1.8%----1.8%
Op Inc Chg LTM-5.7%1,214.0%----604.1%
Op Inc Chg 3Y Avg7.5%364.1%----185.8%
Op Mgn LTM-38.2%----38.2%
Op Mgn 3Y Avg-24.1%----24.1%
QoQ Delta Op Mgn LTM-0.2%----0.2%
CFO/Rev LTM-34.7%----34.7%
CFO/Rev 3Y Avg-21.5%----21.5%
FCF/Rev LTM-30.4%----30.4%
FCF/Rev 3Y Avg-17.7%----17.7%

Valuation

NXTCVRTXATYRAVLNCNXUCOAGMedian
NameNextCure Vertex P.aTyr Pha.Avalyn P.Conexeu .Hemab Th. 
Mkt Cap0.0121.0----60.5
P/S-9.9----9.9
P/Op Inc-0.626.0----12.7
P/EBIT-0.623.9----11.6
P/E-0.627.9----13.6
P/CFO-0.728.5----13.9
Total Yield-158.6%3.6%-----77.5%
Dividend Yield0.0%0.0%----0.0%
FCF Yield 3Y Avg-1,599.2%1.8%-----798.7%
D/E0.10.0----0.1
Net D/E-0.8-0.0-----0.4

Returns

NXTCVRTXATYRAVLNCNXUCOAGMedian
NameNextCure Vertex P.aTyr Pha.Avalyn P.Conexeu .Hemab Th. 
1M Rtn217.1%7.1%10.4%-6.0%-15.9%73.4%8.7%
3M Rtn-48.5%7.2%-42.2%-4.1%-34.0%27.4%-19.1%
6M Rtn-50.7%4.8%-31.2%-4.1%-34.0%27.4%-17.6%
12M Rtn34.3%0.8%-91.2%-4.1%-34.0%27.4%-1.6%
3Y Rtn-68.8%35.0%-75.1%-4.1%-34.0%27.4%-19.1%
1M Excs Rtn193.0%5.0%0.2%-1.3%-23.7%58.7%2.6%
3M Excs Rtn-56.1%-1.3%-49.6%-13.6%-43.6%17.8%-28.6%
6M Excs Rtn-59.1%-5.6%-40.1%-12.4%-42.3%19.1%-26.2%
12M Excs Rtn1,545.3%-18.9%-111.3%-24.6%-54.5%6.9%-21.8%
3Y Excs Rtn-140.9%-30.6%-147.3%-75.6%-105.5%-44.1%-90.6%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20202019
Life sciences226
Total226


Assets by Segment
$ Mil20252024202320222021
Life sciences5081128184242
Total5081128184242


Price Behavior

Price Behavior
Market Price$6.58 
Market Cap ($ Bil)0.0 
First Trading Date05/09/2019 
Distance from 52W High-53.9% 
   50 Days200 Days
DMA Price$4.99$9.56
DMA Trenddowndown
Distance from DMA31.9%-31.2%
 3M1YR
Volatility440.9%235.5%
Downside Capture395.81178.33
Upside Capture-10.58173.11
Correlation (SPY)8.6%2.5%
NXTC Betas & Captures as of 6/30/2026

 1M2M3M6M1Y3Y
Beta-0.551.091.620.682.510.83
Up Beta7.387.144.883.76-12.43-2.19
Down Beta-2.67-2.63-0.690.090.461.00
Up Capture-706%-355%-185%-124%1068%53%
Bmk +ve Days11244067140429
Stock +ve Days5142755121336
Down Capture366%460%384%174%205%112%
Bmk -ve Days10172358112321
Stock -ve Days15253468129376

[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 NXTC
NXTC1,584.6%1,163.7%1.14-
Sector ETF (XLV)18.7%15.8%0.89-2.6%
Equity (SPY)21.7%12.6%1.282.6%
Gold (GLD)20.5%27.9%0.65-0.0%
Commodities (DBC)27.3%18.9%1.14-4.8%
Real Estate (VNQ)13.0%13.9%0.643.9%
Bitcoin (BTCUSD)-47.0%42.7%-1.376.2%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with NXTC
NXTC-41.4%525.9%0.39-
Sector ETF (XLV)5.9%14.9%0.220.7%
Equity (SPY)13.1%17.1%0.593.0%
Gold (GLD)17.2%18.4%0.760.2%
Commodities (DBC)8.6%19.5%0.33-1.2%
Real Estate (VNQ)2.7%18.9%0.043.3%
Bitcoin (BTCUSD)12.8%53.4%0.423.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with NXTC
NXTC-30.2%452.1%0.36-
Sector ETF (XLV)10.0%16.6%0.492.1%
Equity (SPY)15.4%17.9%0.734.3%
Gold (GLD)11.2%16.1%0.57-0.2%
Commodities (DBC)6.3%18.0%0.27-0.0%
Real Estate (VNQ)5.0%20.7%0.213.6%
Bitcoin (BTCUSD)57.3%66.2%0.972.8%

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Short Interest

Short Interest: As Of Date6302026
Short Interest: Shares Quantity0.2 Mil
Short Interest: % Change Since 6152026-29.7%
Average Daily Volume0.1 Mil
Days-to-Cover Short Interest1.2 days
Basic Shares Quantity5.2 Mil
Short % of Basic Shares3.0%

Earnings Returns History

Updated 7/14/2026
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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/7/2026-4.1%0.7%-72.6%
3/5/2026-2.9%6.0%-13.6%
11/5/20252.0%-3.5%17.3%
8/7/2025-4.4%1.0%-3.4%
5/1/2025-7.8%-19.8%0.1%
3/6/20255.2%1.0%-45.3%
11/7/2024-2.3%1.5%-12.1%
8/1/2024-0.6%-3.1%-8.7%
...
SUMMARY STATS   
# Positive7117
# Negative13913
Median Positive2.0%3.6%6.0%
Median Negative-2.3%-6.7%-12.1%
Max Positive6.3%15.4%17.3%
Max Negative-21.1%-33.1%-72.6%
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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/7/2026-4.1%0.7%-72.6%
3/5/2026-2.9%6.0%-13.6%
11/5/20252.0%-3.5%17.3%
8/7/2025-4.4%1.0%-3.4%
5/1/2025-7.8%-19.8%0.1%
3/6/20255.2%1.0%-45.3%
11/7/2024-2.3%1.5%-12.1%
8/1/2024-0.6%-3.1%-8.7%
5/2/20242.7%15.4%-6.0%
11/2/20230.9%-8.5%6.0%
8/3/2023-1.2%0.6%-17.4%
5/4/20230.0%11.9%10.7%
3/2/2023-4.5%-6.4%-5.7%
11/3/2022-21.1%-33.1%-44.2%
8/4/20226.3%14.0%-8.1%
5/5/2022-2.1%-6.7%11.9%
3/3/2022-0.4%3.6%3.8%
11/4/2021-1.3%-24.1%-33.1%
8/5/20211.3%-3.5%2.9%
3/4/2021-0.7%5.6%-9.7%
SUMMARY STATS   
# Positive7117
# Negative13913
Median Positive2.0%3.6%6.0%
Median Negative-2.3%-6.7%-12.1%
Max Positive6.3%15.4%17.3%
Max Negative-21.1%-33.1%-72.6%

SEC Filings

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Report DateFiling DateFiling
03/31/202605/07/202610-Q
12/31/202503/05/202610-K
09/30/202511/05/202510-Q
06/30/202508/07/202510-Q
03/31/202505/01/202510-Q
12/31/202403/06/202510-K
09/30/202411/07/202410-Q
06/30/202408/01/202410-Q
03/31/202405/02/202410-Q
12/31/202303/21/202410-K
09/30/202311/02/202310-Q
06/30/202308/03/202310-Q
03/31/202305/04/202310-Q
12/31/202203/02/202310-K
09/30/202211/03/202210-Q
06/30/202208/04/202210-Q
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Report DateFiling DateFiling
03/31/202605/07/202610-Q
12/31/202503/05/202610-K
09/30/202511/05/202510-Q
06/30/202508/07/202510-Q
03/31/202505/01/202510-Q
12/31/202403/06/202510-K
09/30/202411/07/202410-Q
06/30/202408/01/202410-Q
03/31/202405/02/202410-Q
12/31/202303/21/202410-K
09/30/202311/02/202310-Q
06/30/202308/03/202310-Q
03/31/202305/04/202310-Q
12/31/202203/02/202310-K
09/30/202211/03/202210-Q
06/30/202208/04/202210-Q
03/31/202205/05/202210-Q
12/31/202103/03/202210-K
09/30/202111/04/202110-Q
06/30/202108/05/202110-Q
03/31/202105/06/202110-Q
12/31/202003/04/202110-K
09/30/202011/05/202010-Q
06/30/202008/06/202010-Q
03/31/202005/07/202010-Q
12/31/201903/12/202010-K
09/30/201911/12/201910-Q
06/30/201908/12/201910-Q
Core Cache Last Updated: 7/14/2026