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Delcath Systems, Inc. (DCTH)

Healthcare | Medical Devices | Queensbury, United States | NasdaqCM
10.88 USD +10.88 (0.184%) ⇧ (April 20, 2026, 4 p.m. EDT)

Short-term: ★★★★☆ | Long-term: ★★☆☆☆ | Dividends: ☆☆☆☆☆
Hot Take | April 19, 2026, 1:41 a.m. EDT

Delcath Systems (DCTH) presents a high-volatility bullish tactical opportunity fueled by institutional accumulation and extreme implied volatility expansion. While the fundamental picture remains weak due to negative earnings guidance and a perpetual cycle payout, the market is actively pricing a sharp divergence upwards. The massive IV spike and asymmetrical options flow (heavy calls, trivial puts) signal a 'momentum gambit' where traders are betting on a catalyst to trigger a move toward the $20+ analyst consensus, making it a buy-now-for-volatility-name-then-play rather than a long-term income play.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoARIMA ✓0.068671
AutoETS0.068671
MSTL0.081992
AutoTheta0.107161

Forecast horizon: 45 days | Selected: AutoARIMA

Forecast Reliability
Score 59%
H-stat 2.06
Ljung-Box p 0.000
Jarque-Bera p 0.708
Excess Kurtosis 0.00
Attribute Value
Sector Healthcare
Debt to Equity Ratio 0.842
Revenue per Share 2.379
Market Cap 378,038,528
Trailing P/E 155.43
Forward P/E -55.51
Beta 0.44
Profit Margins 3.17%
Website https://www.delcath.com

As of April 19, 2026, 1:41 a.m. EDT: Implied Volatility (IV) is surging across the board, particularly for May and August 2026 expirations, where ATM IV has risen to 0.93 and 1.05 respectively compared to lower levels historically. This indicates speculators are expecting significant price movement. The options flow remains heavily skewed bullish, with Call Open Interest (OI) significantly outweighing Put OI across all expiration matrices. Call OI is heavily concentrated at in-the-money strikes (7.5 and 10.0) and ATM levels, while Put OI is negligible and largely confined to deep out-of-the-money 7.5 strikes. The data suggests a 'barbell' strategy or a high-conviction rally setup where traders are waiting for volatility expansion to drive upside or bank premiums, rather than hedging downside risk.


Info Dump

Attribute Value
52 Week Change -0.08340353
Address1 566 Queensbury Avenue
All Time High 7,210.0
All Time Low 2.25
Ask 13.73
Ask Size 2
Audit Risk 7
Average Analyst Rating 1.2 - Strong Buy
Average Daily Volume10 Day 289,530
Average Daily Volume3 Month 426,080
Average Volume 426,080
Average Volume10Days 289,530
Beta 0.435
Bid 7.86
Bid Size 2
Board Risk 4
Book Value 3.206
City Queensbury
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 8
Country United States
Crypto Tradeable 0
Currency USD
Current Price 10.88
Current Ratio 10.916
Custom Price Alert Confidence HIGH
Date Short Interest 1,774,915,200
Day High 11.04
Day Low 10.62
Debt To Equity 0.842
Display Name Delcath Systems
Dividend Date 1,577,145,600
Earnings Call Timestamp End 1,772,112,600
Earnings Call Timestamp Start 1,772,112,600
Earnings Timestamp 1,772,112,600
Earnings Timestamp End 1,778,157,000
Earnings Timestamp Start 1,778,157,000
Ebitda 898,000
Ebitda Margins 0.01054
Enterprise To Ebitda 320.644
Enterprise To Revenue 3.378
Enterprise Value 287,938,528
Eps Current Year -0.648
Eps Forward -0.196
Eps Trailing Twelve Months 0.07
Esg Populated 0
Exchange NCM
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fax 212 489 2102
Fifty Day Average 9.589
Fifty Day Average Change 1.2910004
Fifty Day Average Change Percent 0.13463348
Fifty Two Week Change Percent -8.340353
Fifty Two Week High 18.23
Fifty Two Week High Change -7.3499994
Fifty Two Week High Change Percent -0.40318155
Fifty Two Week Low 8.12
Fifty Two Week Low Change 2.7600002
Fifty Two Week Low Change Percent 0.3399015
Fifty Two Week Range 8.12 - 18.23
Financial Currency USD
First Trade Date Milliseconds 1,525,354,200,000
Float Shares 28,603,409
Forward Eps -0.196
Forward P E -55.510204
Free Cashflow 20,289,500
Full Exchange Name NasdaqCM
Full Time Employees 156
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,775,001,600
Gross Margins 0.86158997
Gross Profits 73,434,000
Has Pre Post Market Data 1
Held Percent Insiders 0.081420004
Held Percent Institutions 0.51214004
Implied Shares Outstanding 34,746,187
Industry Medical Devices
Industry Disp Medical Devices
Industry Key medical-devices
Ir Website http://www.delcath.com/investors/
Is Earnings Date Estimate 1
Language en-US
Last Fiscal Year End 1,767,139,200
Last Split Date 1,577,145,600
Last Split Factor 1:700
Long Business Summary Delcath Systems, Inc., an interventional oncology company, focuses on the treatment of primary and metastatic liver cancers in the United States and Europe. The company's lead product candidate is HEPZATO KIT, a melphalan for injection/hepatic delivery system to administer high-dose chemotherapy to the liver while controlling systemic exposure and associated side effects. Its clinical development program for HEPZATO is the FOCUS clinical trial for patients with metastatic hepatic dominant Uveal Melanoma to investigate objective response rate in metastatic uveal melanoma. The company also provides HEPZATO as a stand-alone medical device under the CHEMOSAT Hepatic Delivery System trade name for Melphalan or CHEMOSAT for medical centers to treat a range of liver cancers in Europe. The company was founded in 1988 and is headquartered in Queensbury, New York.
Long Name Delcath Systems, Inc.
Market us_market
Market Cap 378,038,528
Market State PRE
Max Age 86,400
Message Board Id finmb_598622
Most Recent Quarter 1,767,139,200
Net Income To Common 2,700,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 375,382,420
Number Of Analyst Opinions 6
Open 10.72
Operating Cashflow 22,516,000
Operating Margins -0.10536
Overall Risk 5
Payout Ratio 0.0
Peg Ratio 1.6
Phone 212 489 2100
Previous Close 0.0
Price Eps Current Year -16.790123
Price Hint 2
Price To Book 3.393637
Price To Sales Trailing12 Months 4.435458
Profit Margins 0.03168
Quick Ratio 9.432
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key strong_buy
Recommendation Mean 1.16667
Region US
Regular Market Change 10.88
Regular Market Change Percent 0.184166
Regular Market Day High 11.04
Regular Market Day Low 10.62
Regular Market Day Range 10.62 - 11.04
Regular Market Open 10.72
Regular Market Previous Close 0.0
Regular Market Price 10.88
Regular Market Time 1,776,715,201
Regular Market Volume 330,560
Return On Assets 0.00412
Return On Equity 0.03001
Revenue Growth 0.373
Revenue Per Share 2.379
Sand P52 Week Change 0.34445214
Sector Healthcare
Sector Disp Healthcare
Sector Key healthcare
Share Holder Rights Risk 3
Shares Outstanding 34,454,559
Shares Percent Shares Out 0.115100004
Shares Short 3,965,630
Shares Short Previous Month Date 1,772,150,400
Shares Short Prior Month 3,996,811
Short Name Delcath Systems, Inc.
Short Percent Of Float 0.1254
Short Ratio 10.78
Source Interval 15
State NY
Symbol DCTH
Target High Price 30.0
Target Low Price 18.0
Target Mean Price 21.33333
Target Median Price 20.0
Total Cash 91,036,000
Total Cash Per Share 2.62
Total Debt 936,000
Total Revenue 85,231,000
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield NaN
Trailing Eps 0.07
Trailing P E 155.42857
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 10.2481
Two Hundred Day Average Change 0.63189983
Two Hundred Day Average Change Percent 0.061660193
Type Disp Equity
Volume 330,560
Website https://www.delcath.com
Zip 12,804