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Aquestive Therapeutics, Inc. (AQST)

Healthcare | Drug Manufacturers - Specialty & Generic | Warren, United States | NasdaqGM
4.06 USD -0.06 (-1.456%) ⇩ (July 13, 2026, 4 p.m. EDT)

Short-term:★★☆☆☆Long-term:★☆☆☆☆Dividends:☆☆☆☆☆
Hot Take | July 11, 2026, 5:49 a.m. EDT

The long-term investment case is severely compromised by deteriorating fundamentals. Despite a recent recovery in share price, the company is burning cash with negative operating and free cash flows, and the balance sheet shows negative book value. The market has correctly priced this as a distressed asset, reflected in the negative forward P/E and the massive gap between the current price and the $8.88 analyst mean target, which relies on a turnaround that hasn't materialized yet. The short-term outlook remains cautious; while the stock has rallied off its lows, the heavy put writing indicates that traders are still bracing for volatility or further drops. With no dividend to provide income and a history of significant value destruction over the last seven years, this is a speculative hold at best, not a core investment.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.042062
AutoETS0.043503
AutoARIMA0.043539
MSTL0.044712

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 26%
H-stat 4.29
Ljung-Box p 0.000
Jarque-Bera p 0.000
Excess Kurtosis 1.89
Attribute Value
Sector Healthcare
Revenue per Share 0.442
Market Cap 509,395,968
Forward P/E -9.02
Beta 1.45
Profit Margins -137.08%
Website https://www.aquestive.com

As of July 11, 2026, 5:49 a.m. EDT: Speculators are heavily positioning for downside protection, evidenced by massive open interest in out-of-the-money puts (especially the $2 strike) compared to negligible call volume. While there is some interest in upside strikes ($6-$8), the overwhelming capital allocation is defensive, suggesting a fear of further decline rather than a bet on a rally.


Info Dump

Attribute Value
52 Week Change 0.00995028
Address1 30 Technology Drive
All Time High 20.696
All Time Low 0.618
Ask 5.12
Ask Size 2
Audit Risk 9
Average Daily Volume10 Day 1,741,180
Average Daily Volume3 Month 1,808,632
Average Volume 1,808,632
Average Volume10Days 1,741,180
Beta 1.445
Bid 2.92
Bid Size 2
Board Risk 6
Book Value -0.274
City Warren
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 6
Country United States
Crypto Tradeable 0
Currency USD
Current Price 4.06
Current Ratio 4.1
Custom Price Alert Confidence HIGH
Date Short Interest 1,782,777,600
Day High 4.12
Day Low 3.9912
Display Name Aquestive Therapeutics
Earnings Call Timestamp End 1,778,760,000
Earnings Call Timestamp Start 1,778,760,000
Earnings Timestamp 1,778,702,400
Earnings Timestamp End 1,786,478,400
Earnings Timestamp Start 1,786,478,400
Ebitda -55,342,000
Ebitda Margins -1.10087
Enterprise To Ebitda -7.99
Enterprise To Revenue 8.796
Enterprise Value 442,174,496
Eps Current Year -0.42
Eps Forward -0.45
Eps Trailing Twelve Months -0.61
Esg Populated 0
Exchange NGM
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 4.2286
Fifty Day Average Change -0.16860008
Fifty Day Average Change Percent -0.039871372
Fifty Two Week Change Percent 0.995028
Fifty Two Week High 7.55
Fifty Two Week High Change -3.4900002
Fifty Two Week High Change Percent -0.46225166
Fifty Two Week Low 2.93
Fifty Two Week Low Change 1.1299999
Fifty Two Week Low Change Percent 0.38566548
Fifty Two Week Range 2.93 - 7.55
Financial Currency USD
First Trade Date Milliseconds 1,532,525,400,000
Float Shares 114,568,576
Forward Eps -0.45
Forward P E -9.0222225
Free Cashflow -25,688,000
Full Exchange Name NasdaqGM
Full Time Employees 147
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,782,864,000
Gross Margins 0.63453996
Gross Profits 31,899,000
Has Pre Post Market Data 1
Held Percent Insiders 0.03095
Held Percent Institutions 0.58827996
Implied Shares Outstanding 125,466,988
Industry Drug Manufacturers - Specialty & Generic
Industry Disp Drug Manufacturers - Specialty & Generic
Industry Key drug-manufacturers-specialty-generic
Is Earnings Date Estimate 1
Language en-US
Last Fiscal Year End 1,767,139,200
Long Business Summary Aquestive Therapeutics, Inc. operates as a pharmaceutical company in the United States and internationally. It offers Libervant, a buccal soluble film formulation of diazepam for the treatment of seizures; Suboxone, a sublingual film formulation of buprenorphine and naloxone for the treatment of opioid dependence; EMYLIF, an oral film formulation of riluzole; ONDIF, an oral soluble film formulation of ondansetron; SYMPAZAN, an oral soluble film formulation of clobazam used for the treatment of seizures associated with a rare, intractable form of epilepsy; KYNMOBI, a sublingual film formulation of apomorphine; and AZSTARYS, an fda-approved, once-daily product for the treatment of ADHD in patients age 6 years or older. The company's proprietary pipeline products include Anaphylm, an epinephrine sublingual film, which is in phase 3 clinical trial for the emergency treatment of allergic reactions, including anaphylaxis; and AQST-108, a topical gel that is in phase 2 clinical trial for the treatment of alopecia areata. In addition, it develops PharmFilm technology for patients suffering from certain central nervous system disorders; and Adrenaverse, an epinephrine prodrug platform. The company was incorporated in 2004 and is headquartered in Warren, New Jersey.
Long Name Aquestive Therapeutics, Inc.
Market us_market
Market Cap 509,395,968
Market State PRE
Max Age 86,400
Message Board Id finmb_8142504
Most Recent Quarter 1,774,915,200
Net Income To Common -68,911,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 509,395,971
Number Of Analyst Opinions 9
Open 4.09
Operating Cashflow -43,838,000
Operating Margins -0.29101
Overall Risk 7
Payout Ratio 0.0
Phone 908 941 1900
Pre Market Change 0.05000019
Pre Market Change Percent 1.2315319
Pre Market Price 4.11
Pre Market Time 1,784,028,711
Previous Close 4.12
Price Eps Current Year -9.666667
Price Hint 4
Price To Book -14.817518
Price To Sales Trailing12 Months 10.132998
Profit Margins -1.37079
Quick Ratio 3.704
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change -0.0599999
Regular Market Change Percent -1.45631
Regular Market Day High 4.12
Regular Market Day Low 3.9912
Regular Market Day Range 3.9912 - 4.12
Regular Market Open 4.09
Regular Market Previous Close 4.12
Regular Market Price 4.06
Regular Market Time 1,783,972,801
Regular Market Volume 1,612,698
Return On Assets -0.28708
Revenue Growth 0.657
Revenue Per Share 0.442
Sand P52 Week Change 0.20847368
Sector Healthcare
Sector Disp Healthcare
Sector Key healthcare
Share Holder Rights Risk 8
Shares Outstanding 125,466,988
Shares Percent Shares Out 0.1275
Shares Short 15,996,883
Shares Short Previous Month Date 1,780,012,800
Shares Short Prior Month 15,239,186
Short Name Aquestive Therapeutics, Inc.
Short Percent Of Float 0.13350001
Short Ratio 7.02
Source Interval 15
State NJ
Symbol AQST
Target High Price 11.0
Target Low Price 6.0
Target Mean Price 8.88889
Target Median Price 9.0
Total Cash 110,734,000
Total Cash Per Share 0.883
Total Debt 43,581,000
Total Revenue 50,271,000
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps -0.61
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 4.844525
Two Hundred Day Average Change -0.7845249
Two Hundred Day Average Change Percent -0.16194053
Type Disp Equity
Volume 1,612,698
Website https://www.aquestive.com
Zip 7,059