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Carlsmed, Inc. (CARL)

Healthcare | Health Information Services | Carlsbad, United States | NasdaqGS
12.11 USD +0.21 (1.765%) ⇧ (July 13, 2026, 4 p.m. EDT)

Short-term:★★⯪☆☆Long-term:★★⯪☆☆Dividends:☆☆☆☆☆
Hot Take | July 11, 2026, 3:22 a.m. EDT

The stock presents a classic case of aggressive analyst optimism clashing with deteriorating operational reality. While the recent price action shows a modest bounce off the lows, moving from the 52-week low of $8.50 toward the current $11.90, the underlying business is bleeding cash. Free cash flow is negative at -$26 million, and operating margins are deeply negative at -57.6%, indicating that core operations are not generating value. The 'strong buy' consensus and 52% upside target appear to be pricing in a turnaround or a successful IPO narrative rather than current profitability. However, the lack of a multi-year price history (newly listed status) prevents a definitive judgment on long-term structural decline, leaving the investment thesis in a state of uncertainty where the market's enthusiasm has not yet been validated by sustained earnings growth.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoETS ✓0.080971
MSTL0.084038
AutoTheta0.093195
MSTL_300.128507
AutoARIMA0.142400

Forecast horizon: 60 days | Selected: AutoETS

Forecast Reliability
Score 37%
H-stat 1.24
Ljung-Box p 0.000
Jarque-Bera p 0.302
Excess Kurtosis -0.51
Attribute Value
Sector Healthcare
Debt to Equity Ratio 18.705
Revenue per Share 2.842
Market Cap 329,209,504
Forward P/E -8.44
Profit Margins -57.76%
Website https://carlsmed.com

Info Dump

Attribute Value
52 Week Change -0.16482759
Address1 1,800 Aston Avenue
Address2 Suite 100
All Time High 17.19
All Time Low 8.5
Ask 15.23
Ask Size 2
Audit Risk 5
Average Analyst Rating 1.3 - Strong Buy
Average Daily Volume10 Day 165,750
Average Daily Volume3 Month 167,788
Average Volume 167,788
Average Volume10Days 165,750
Bid 8.64
Bid Size 2
Board Risk 9
Book Value 3.394
City Carlsbad
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 7
Country United States
Crypto Tradeable 0
Currency USD
Current Price 12.11
Current Ratio 11.879
Custom Price Alert Confidence HIGH
Date Short Interest 1,782,777,600
Day High 12.17
Day Low 11.71
Debt To Equity 18.705
Display Name Carlsmed
Earnings Call Timestamp End 1,778,013,000
Earnings Call Timestamp Start 1,778,013,000
Earnings Timestamp 1,778,011,200
Earnings Timestamp End 1,785,960,000
Earnings Timestamp Start 1,785,960,000
Ebitda -33,791,000
Ebitda Margins -0.59873
Enterprise To Ebitda -7.382
Enterprise To Revenue 4.42
Enterprise Value 249,448,544
Eps Current Year -1.465
Eps Forward -1.435
Eps Trailing Twelve Months -0.97
Esg Populated 0
Exchange NMS
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 10.9475
Fifty Day Average Change 1.1624994
Fifty Day Average Change Percent 0.10618857
Fifty Two Week Change Percent -16.482758
Fifty Two Week High 17.19
Fifty Two Week High Change -5.080001
Fifty Two Week High Change Percent -0.2955207
Fifty Two Week Low 8.5
Fifty Two Week Low Change 3.6099997
Fifty Two Week Low Change Percent 0.42470583
Fifty Two Week Range 8.5 - 17.19
Financial Currency USD
First Trade Date Milliseconds 1,753,277,400,000
Float Shares 15,551,141
Forward Eps -1.435
Forward P E -8.439025
Free Cashflow -26,400,876
Full Exchange Name NasdaqGS
Full Time Employees 127
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,782,864,000
Gross Margins 0.75887
Gross Profits 42,829,000
Has Pre Post Market Data 1
Held Percent Insiders 0.43732
Held Percent Institutions 0.40523
Implied Shares Outstanding 27,184,933
Industry Health Information Services
Industry Disp Health Information Services
Industry Key health-information-services
Ipo Expected Date 2,025-07-23
Is Earnings Date Estimate 1
Language en-US
Last Fiscal Year End 1,767,139,200
Long Business Summary Carlsmed, Inc., a commercial-stage medical technology company, designs, manufactures, and markets AI-enabled personalized spine surgery solutions. The company develops aprevo, a comprehensive technology platform for spine fusion surgery procedures. Its aprevo platform includes proprietary surgical planning software, using outcomes-based algorithms that are aided with artificial intelligence, and resulting custom-built, anatomically designed vertebral interbody implants. The company was incorporated in 2018 and is based in Carlsbad, California.
Long Name Carlsmed, Inc.
Market us_market
Market Cap 329,209,504
Market State PRE
Max Age 86,400
Message Board Id finmb_629940925
Most Recent Quarter 1,774,915,200
Net Income To Common -32,601,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 329,209,538
Number Of Analyst Opinions 6
Open 11.83
Operating Cashflow -33,829,000
Operating Margins -0.57558
Overall Risk 8
Payout Ratio 0.0
Phone 760 766 1923
Previous Close 11.9
Price Eps Current Year -8.2662115
Price Hint 2
Price To Book 3.568061
Price To Sales Trailing12 Months 5.833118
Profit Margins -0.57764
Quick Ratio 11.249
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key strong_buy
Recommendation Mean 1.33333
Region US
Regular Market Change 0.21
Regular Market Change Percent 1.76471
Regular Market Day High 12.17
Regular Market Day Low 11.71
Regular Market Day Range 11.71 - 12.17
Regular Market Open 11.83
Regular Market Previous Close 11.9
Regular Market Price 12.11
Regular Market Time 1,783,972,801
Regular Market Volume 68,524
Return On Assets -0.24158001
Return On Equity -0.52427
Revenue Growth 0.582
Revenue Per Share 2.842
Sand P52 Week Change 0.20365608
Sector Healthcare
Sector Disp Healthcare
Sector Key healthcare
Share Holder Rights Risk 8
Shares Outstanding 27,184,933
Shares Percent Shares Out 0.048299998
Shares Short 1,313,385
Shares Short Previous Month Date 1,780,012,800
Shares Short Prior Month 1,307,106
Short Name Carlsmed, Inc.
Short Percent Of Float 0.1299
Short Ratio 10.54
Source Interval 15
State CA
Symbol CARL
Target High Price 23.0
Target Low Price 16.0
Target Mean Price 18.16667
Target Median Price 17.5
Total Cash 97,016,000
Total Cash Per Share 3.569
Total Debt 17,255,000
Total Revenue 56,438,000
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps -0.97
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 12.025725
Two Hundred Day Average Change 0.08427429
Two Hundred Day Average Change Percent 0.0070078345
Type Disp Equity
Volume 68,524
Website https://carlsmed.com
Zip 92,008