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NRx Pharmaceuticals, Inc. (NRXP)

Healthcare | Biotechnology | Wilmington, United States | NasdaqCM
2.55 USD +0.04 (1.594%) ⇧ (April 17, 2026, 4 p.m. EDT)
After hours: 2.55

Short-term: ★★★★☆ | Long-term: ★★☆☆☆ | Dividends: ☆☆☆☆☆
Hot Take | April 18, 2026, 6:02 p.m. EDT

NRXP is a textbook high-volatility biotech play masquerading as a fundamental turnaround: while the balance sheet remains precarious with negative book value and burn rates, the market has completely ignored the math in favor of binary FDA catalysts. The 4 analysts unanimously rating it 'Strong Buy' with a mean target of $38 (a 15x jump from current levels) are pricing in a total de-risking of the pipeline that the forecast model (Ljung-Box p-value near zero) suggests is statistically noise-ridden for short-term prediction. The options market is screaming 'moonshot,' with speculators overwhelmingly betting on a 100%+ rally, but the lack of dividends and negative cash flow makes this a dangerous 'hope-trading' instrument for long-term capital preservation.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.105239
AutoETS0.113387
MSTL0.114816
AutoARIMA0.114997

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 80%
H-stat 0.57
Ljung-Box p 0.000
Jarque-Bera p 0.205
Excess Kurtosis -1.16
Attribute Value
Sector Healthcare
Revenue per Share 0.057
Market Cap 84,322,456
Forward P/E 19.62
Beta 1.83
Previous Name NeuroRx, Inc.
Website https://www.nrxpharma.com

As of April 18, 2026, 6:02 p.m. EDT: Speculators are displaying a distinct bullish skew in the options market, particularly in the mid-term June 2026 expiration where 78% of Open Interest is concentrated in OTM calls (5.0 and 7.5 strikes) compared to negligible put volume. The September data shows a balanced split between ITM and OTM calls, indicating sustained long-term upside expectations, while the May expiration shows heavy ATM positioning (305 OTM puts vs 152 ITM calls) likely serving as a short-term hedge or straddle around the current price. Despite high implied volatility (IV ~108-151%), the volume is heavily skewed to calls, signaling that the market is pricing in a potential breakout event rather than a downturn.


Info Dump

Attribute Value
52 Week Change 0.36363637
Address1 1,201 Orange Street
Address2 Suite 600
All Time High 769.9
All Time Low 1.1
Ask 3.21
Ask Size 2
Average Analyst Rating 1.0 - Strong Buy
Average Daily Volume10 Day 834,960
Average Daily Volume3 Month 710,340
Average Volume 710,340
Average Volume10Days 834,960
Beta 1.83
Bid 1.85
Bid Size 2
Book Value -0.503
City Wilmington
Compensation As Of Epoch Date 1,767,139,200
Country United States
Crypto Tradeable 0
Currency USD
Current Price 2.55
Current Ratio 0.311
Custom Price Alert Confidence HIGH
Date Short Interest 1,774,915,200
Day High 2.575
Day Low 2.49
Display Name NRx Pharmaceuticals
Earnings Call Timestamp End 1,774,353,600
Earnings Call Timestamp Start 1,774,353,600
Earnings Timestamp 1,774,355,400
Earnings Timestamp End 1,778,848,200
Earnings Timestamp Start 1,778,848,200
Ebitda -16,118,000
Ebitda Margins 0.0
Enterprise To Ebitda -4.782
Enterprise To Revenue 62.916
Enterprise Value 77,072,576
Eps Current Year 0.13
Eps Forward 0.13
Eps Trailing Twelve Months -1.34
Esg Populated 0
Exchange NCM
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 2.0009
Fifty Day Average Change 0.5490999
Fifty Day Average Change Percent 0.27442646
Fifty Two Week Change Percent 36.363636
Fifty Two Week High 3.84
Fifty Two Week High Change -1.29
Fifty Two Week High Change Percent -0.3359375
Fifty Two Week Low 1.62
Fifty Two Week Low Change 0.92999995
Fifty Two Week Low Change Percent 0.57407403
Fifty Two Week Range 1.62 - 3.84
Financial Currency USD
First Trade Date Milliseconds 1,512,397,800,000
Float Shares 24,244,853
Forward Eps 0.13
Forward P E 19.615385
Free Cashflow -805,875
Full Exchange Name NasdaqCM
Full Time Employees 29
Gmt Off Set Milliseconds -14,400,000
Gross Margins 0.58776003
Gross Profits 720,000
Has Pre Post Market Data 1
Held Percent Insiders 0.08304
Held Percent Institutions 0.25163
Implied Shares Outstanding 33,067,630
Industry Biotechnology
Industry Disp Biotechnology
Industry Key biotechnology
Is Earnings Date Estimate 1
Language en-US
Last Fiscal Year End 1,767,139,200
Last Split Date 1,712,016,000
Last Split Factor 1:10
Long Business Summary NRx Pharmaceuticals, Inc., a clinical-stage bio-pharmaceutical company, develops novel therapeutics for the treatment of central nervous system disorders comprising suicidal depression, post-traumatic stress disorder, and chronic pain. Its lead drug candidates include NRX-101, an oral, fixed dosed combination of D-cycloserine and lurasidone for suicidal treatment-resistant bipolar depression in patients with sub-acute suicidal ideation and behavior in phase 2 trial; and NRX-100, a preservative-free formulation of ketamine for intravenous infusion and for the treatment of suicidal depression. The company has a license agreement with Alvogen, Inc. and Lotus Pharmaceutical Co. Ltd.; Apkarian Technologies; development and license agreement with Glytech, LLC; and Sarah Herzog Memorial Hospital; and has as a partnership with neurocare Group AG to create a nationwide network of clinics to offer integrated neuroplastic care for the treatment of Depression, PTSD, and other serious mental health disorders. NRx Pharmaceuticals, Inc. was founded in 2015 and is based in Wilmington, Delaware.
Long Name NRx Pharmaceuticals, Inc.
Market us_market
Market Cap 84,322,456
Market State CLOSED
Max Age 86,400
Message Board Id finmb_319388181
Most Recent Quarter 1,767,139,200
Name Change Date 2,026-04-19
Net Income To Common -28,622,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 84,322,456
Number Of Analyst Opinions 4
Open 2.54
Operating Cashflow -14,112,000
Operating Margins -4.67345
Payout Ratio 0.0
Phone 484 254 6134
Post Market Change 0.0
Post Market Change Percent 0.0
Post Market Price 2.55
Post Market Time 1,776,470,291
Prev Name NeuroRx, Inc.
Previous Close 2.51
Price Eps Current Year 19.615385
Price Hint 4
Price To Book -5.069582
Price To Sales Trailing12 Months 68.834656
Profit Margins 0.0
Quick Ratio 0.278
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key strong_buy
Recommendation Mean 1.0
Region US
Regular Market Change 0.04
Regular Market Change Percent 1.59362
Regular Market Day High 2.575
Regular Market Day Low 2.49
Regular Market Day Range 2.49 - 2.575
Regular Market Open 2.54
Regular Market Previous Close 2.51
Regular Market Price 2.55
Regular Market Time 1,776,456,000
Regular Market Volume 1,078,039
Return On Assets -1.21846
Revenue Per Share 0.057
Sand P52 Week Change 0.38150132
Sector Healthcare
Sector Disp Healthcare
Sector Key healthcare
Shares Outstanding 33,067,630
Shares Percent Shares Out 0.0759
Shares Short 2,511,228
Shares Short Previous Month Date 1,772,150,400
Shares Short Prior Month 2,459,826
Short Name NRX Pharmaceuticals, Inc.
Short Percent Of Float 0.0802
Short Ratio 3.01
Source Interval 15
State DE
Symbol NRXP
Target High Price 48.0
Target Low Price 25.0
Target Mean Price 38.0
Target Median Price 39.5
Total Cash 7,797,000
Total Cash Per Share 0.236
Total Debt 631,000
Total Revenue 1,225,000
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps -1.34
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 2.514475
Two Hundred Day Average Change 0.035524845
Two Hundred Day Average Change Percent 0.0141281355
Type Disp Equity
Volume 1,078,039
Website https://www.nrxpharma.com
Zip 19,801