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Talphera, Inc. (TLPH)

Healthcare | Drug Manufacturers - Specialty & Generic | San Mateo, United States | NasdaqCM
0.80 USD -0.01 (-0.791%) ⇩ (April 17, 2026, 4 p.m. EDT)
After hours: 0.80 0.00 (-0.003%) ⇩ (April 17, 2026, 6:36 p.m. EDT)

Short-term: ☆☆☆☆☆ | Long-term: ☆☆☆☆☆ | Dividends: ☆☆☆☆☆
Hot Take | April 19, 2026, 12:54 a.m. EDT

Talphera is crashing due to fundamental solvency issues, not a lack of speculative interest, as implied by the model's -16% prediction and the chaotic trading range (0.72-0.85) which is down significantly from its 52-week high of 1.57. The P/E is negative, cash flow is negative, and P/S is 1434x. Any potential catalysts (clinical updates) are years away. There is no catalyst, no volume, and no traps. The lack of puts doesn't mean a bottom is coming; it means nobody cares enough to hedge against the risk of further dilution or failure.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.068386
AutoARIMA0.177790
AutoETS0.177893
MSTL0.179171

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 80%
H-stat 0.51
Ljung-Box p 0.000
Jarque-Bera p 0.195
Excess Kurtosis -1.22
Attribute Value
Sector Healthcare
Debt to Equity Ratio 38.151
Revenue per Share 0.001
Market Cap 40,169,992
Forward P/E -2.87
Beta 0.56
Previous Name AcelRx Pharmaceuticals, Inc.
Website https://talphera.com

As of April 19, 2026, 12:54 a.m. EDT: Options volume is negligible and highly idiosyncratic, with no discernible directional thesis. The 'call' OI at strikes resembling 1.0 is dominated by Individual Placement at 1.5 and 2.5 in the June expiry. Crucially, the short-term nearest expiration (June 18) exhibits a distinct lack of put interest: there is zero out-of-the-money put Open Interest, while the total volume for OTM calls is extremely low. The model predicts a directional drop of roughly 16.38% over the next 45 days, though this must be viewed heavily as a trend-following projection rather than a signal of imminent convexity given the vanishingly small open interest in options.


Info Dump

Attribute Value
52 Week Change 0.6326531
Address1 1,850 Gateway Drive
Address2 Suite 175
All Time High 272.8
All Time Low 0.38
Ask 0.8353
Ask Size 1
Average Daily Volume10 Day 137,940
Average Daily Volume3 Month 200,201
Average Volume 200,201
Average Volume10Days 137,940
Beta 0.556
Bid 0.79
Bid Size 1
Book Value 0.345
City San Mateo
Compensation As Of Epoch Date 1,735,603,200
Country United States
Crypto Tradeable 0
Currency USD
Current Price 0.8026
Current Ratio 5.487
Custom Price Alert Confidence HIGH
Date Short Interest 1,774,915,200
Day High 0.8398
Day Low 0.79
Debt To Equity 38.151
Display Name Talphera
Earnings Call Timestamp End 1,755,203,400
Earnings Call Timestamp Start 1,755,203,400
Earnings Timestamp 1,774,269,000
Earnings Timestamp End 1,778,675,400
Earnings Timestamp Start 1,778,675,400
Ebitda Margins 0.0
Enterprise To Revenue 938.857
Enterprise Value 26,287,988
Eps Current Year -0.35
Eps Forward -0.28
Eps Trailing Twelve Months -0.34
Esg Populated 0
Exchange NCM
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 0.8216
Fifty Day Average Change -0.018999994
Fifty Day Average Change Percent -0.0231256
Fifty Two Week Change Percent 63.265312
Fifty Two Week High 1.57
Fifty Two Week High Change -0.7674
Fifty Two Week High Change Percent -0.4887898
Fifty Two Week Low 0.38
Fifty Two Week Low Change 0.42260003
Fifty Two Week Low Change Percent 1.1121054
Fifty Two Week Range 0.38 - 1.57
Financial Currency USD
First Trade Date Milliseconds 1,297,434,600,000
Float Shares 24,911,799
Forward Eps -0.28
Forward P E -2.8664286
Free Cashflow -6,531,500
Full Exchange Name NasdaqCM
Full Time Employees 12
Gmt Off Set Milliseconds -14,400,000
Gross Margins 0.0
Gross Profits -218,000
Has Pre Post Market Data 1
Held Percent Insiders 0.25433
Held Percent Institutions 0.40741003
Implied Shares Outstanding 50,049,824
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
Last Split Date 1,666,742,400
Last Split Factor 1:20
Long Business Summary Talphera, Inc., a specialty pharmaceutical company, focuses on the development and commercialization of therapies for use in medically supervised settings. The company's lead product candidate is Niyad, a lyophilized formulation of nafamostat, which is under an investigational device exemption as an anticoagulant for the extracorporeal circuit. It is also developing LTX-608, a nafamostat formulation for direct IV infusion as an investigational product for various indications, such as antiviral, acute respiratory distress syndrome, disseminated intravascular coagulation, and acute pancreatitis, as well as Fedsyra and phenylephrine ready-to-use pre-filled syringe product candidates. The company was formerly known as AcelRx Pharmaceuticals, Inc. and changed its name to Talphera, Inc. in January 2024. The company was incorporated in 2005 and is based in San Mateo, California.
Long Name Talphera, Inc.
Market us_market
Market Cap 40,169,992
Market State PREPRE
Max Age 86,400
Message Board Id finmb_33172220
Most Recent Quarter 1,767,139,200
Name Change Date 2,026-04-19
Net Income To Common -14,363,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 40,169,988
Number Of Analyst Opinions 2
Open 0.7923
Operating Cashflow -11,364,000
Operating Margins -481.57144
Payout Ratio 0.0
Phone 650 216 3500
Post Market Change -0.0026000142
Post Market Change Percent -0.32394892
Post Market Price 0.8
Post Market Time 1,776,465,389
Prev Name AcelRx Pharmaceuticals, Inc.
Previous Close 0.809
Price Eps Current Year -2.293143
Price Hint 4
Price To Book 2.326377
Price To Sales Trailing12 Months 1,434.6426
Profit Margins 0.0
Quick Ratio 5.351
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change -0.006399989
Regular Market Change Percent -0.7910987
Regular Market Day High 0.8398
Regular Market Day Low 0.79
Regular Market Day Range 0.79 - 0.8398
Regular Market Open 0.7923
Regular Market Previous Close 0.809
Regular Market Price 0.8026
Regular Market Time 1,776,456,000
Regular Market Volume 105,215
Return On Assets -0.35147998
Return On Equity -1.14739
Revenue Per Share 0.001
Sand P52 Week Change 0.38150132
Sector Healthcare
Sector Disp Healthcare
Sector Key healthcare
Shares Outstanding 50,049,824
Shares Percent Shares Out 0.0254
Shares Short 1,270,880
Shares Short Previous Month Date 1,772,150,400
Shares Short Prior Month 1,155,618
Short Name Talphera, Inc.
Short Percent Of Float 0.0256
Short Ratio 6.2
Source Interval 15
State CA
Symbol TLPH
Target High Price 3.5
Target Low Price 3.0
Target Mean Price 3.25
Target Median Price 3.25
Total Cash 20,381,000
Total Cash Per Share 0.407
Total Debt 6,499,000
Total Revenue 28,000
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps -0.34
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 0.89245
Two Hundred Day Average Change -0.08984995
Two Hundred Day Average Change Percent -0.100677855
Type Disp Equity
Volume 105,215
Website https://talphera.com
Zip 94,404