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Tonix Pharmaceuticals Holding Corp. (TNXP)

Healthcare | Biotechnology | Berkeley Heights, United States | NasdaqGS
13.59 USD +0.03 (0.221%) ⇧ (Aug. 28, 2026, 4 p.m. EDT)
After hours: 13.59

Short-term:★★⯪☆☆Long-term:★☆☆☆☆Dividends:☆☆☆☆☆
Hot Take | Aug. 22, 2026, 2:48 a.m. EDT

The investment case here is fractured by a stark disconnect between analyst optimism and the company's actual financial reality. While analysts project a mean target of $42.40, the fundamentals tell a different story: the company is burning cash aggressively with operating losses of over $150 million and negative free cash flow, while returning -82% on equity. This is not a value trap; it is a distressed biotech where the market has correctly priced the risk of continued dilution and failure. The price action confirms this skepticism, having erased nearly 100% of its value over the last decade despite a recent minor recovery. The options market is screaming caution, with traders buying deep OTM puts to hedge against further carnage, while the statistical forecast offers no directional clarity. Until the company demonstrates a clear path to profitability or a definitive catalyst that changes the burn rate narrative, this remains a speculative gamble rather than an investment.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL ✓0.082491
AutoETS0.082685
AutoTheta0.084741
AutoARIMA0.143809

Forecast horizon: 45 days | Selected: MSTL

Forecast Reliability
Score 37%
H-stat 4.53
Ljung-Box p 0.000
Jarque-Bera p 0.300
Excess Kurtosis -0.54
Attribute Value
Sector Healthcare
Debt to Equity Ratio 0.572
Revenue per Share 2.276
Market Cap 233,082,416
Forward P/E -1.73
Beta 1.69
Website https://www.tonixpharma.com

As of Aug. 22, 2026, 2:48 a.m. EDT: Speculators are heavily positioning for downside protection, evidenced by massive out-of-the-money put open interest at the $7.5 strike compared to minimal call activity. While there is some ATM call volume suggesting a potential bounce, the overwhelming capital allocation is in deep OTM puts, indicating a fear of further significant declines rather than a bullish bet on a rally.


Info Dump

Attribute Value
52 Week Change -0.5097614
Address1 200 Connell Drive
Address2 Suite 3100
All Time High 19,200,000,000.0
All Time Low 6.76
Ask 17.08
Ask Size 2
Audit Risk 8
Average Analyst Rating 1.0 - Strong Buy
Average Daily Volume10 Day 470,040
Average Daily Volume3 Month 534,535
Average Volume 534,535
Average Volume10Days 470,040
Beta 1.689
Bid 10.01
Bid Size 2
Board Risk 7
Book Value 15.989
City Berkeley Heights
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 7
Country United States
Crypto Tradeable 0
Currency USD
Current Price 13.59
Current Ratio 6.608
Custom Price Alert Confidence HIGH
Date Short Interest 1,786,665,600
Day High 13.98
Day Low 13.295
Debt To Equity 0.572
Display Name Tonix Pharmaceuticals Holding
Dividend Date 1,572,566,400
Earnings Call Timestamp End 1,786,365,000
Earnings Call Timestamp Start 1,786,365,000
Earnings Timestamp 1,786,365,000
Earnings Timestamp End 1,794,227,400
Earnings Timestamp Start 1,794,227,400
Ebitda -163,302,000
Ebitda Margins 0.0
Enterprise To Ebitda -0.356
Enterprise To Revenue 1.997
Enterprise Value 58,122,416
Eps Current Year -9.95
Eps Forward -7.875
Eps Trailing Twelve Months -13.12
Esg Populated 0
Exchange NMS
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 11.9432
Fifty Day Average Change 1.6468
Fifty Day Average Change Percent 0.137886
Fifty Two Week Change Percent -50.97614
Fifty Two Week High 31.55
Fifty Two Week High Change -17.96
Fifty Two Week High Change Percent -0.5692551
Fifty Two Week Low 9.4
Fifty Two Week Low Change 4.1900005
Fifty Two Week Low Change Percent 0.44574475
Fifty Two Week Range 9.4 - 31.55
Financial Currency USD
First Trade Date Milliseconds 1,336,656,600,000
Float Shares 14,119,237
Forward Eps -7.875
Forward P E -1.7257143
Free Cashflow -95,760,248
Full Exchange Name NasdaqGS
Full Time Employees 142
Fullday Change 0.0299997
Fullday Change Percent 0.221237
Fullday Price 13.59
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,785,542,400
Gross Margins 0.83829004
Gross Profits 24,396,000
Has Pre Post Market Data 1
Held Percent Insiders 0.00127
Held Percent Institutions 0.56077
Implied Shares Outstanding 17,151,024
Industry Biotechnology
Industry Disp Biotechnology
Industry Key biotechnology
Is Earnings Date Estimate 0
Language en-US
Last Fiscal Year End 1,767,139,200
Last Split Date 1,738,713,600
Last Split Factor 1:100
Long Business Summary Tonix Pharmaceuticals Holding Corp., a fully integrated biopharmaceutical company, develops and commercializes therapies for central nervous system (CNS) disorders, immunology and immuno-oncology, infectious diseases, and rare diseases in the United States. The company offers TONMYA, a cyclobenzaprine HCl sublingual tablet for the treatment of fibromyalgia. It also markets Zembrace SymTouch and Tosymra for the treatment of acute migraine with or without aura in adults. In addition, the company develops TNX-102 SL, a cyclobenzaprine HCl sublingual tablet for the treatment of major depressive disorder and acute stress reaction/acute stress disorder; TNX-1300, a double-mutant cocaine esterase for the treatment of cocaine intoxication; TNX-1500, an Fc-modified humanized monoclonal antibody to prevent kidney transplant rejection, as well as to treat autoimmune conditions; TNX-4800, a humanized monoclonal antibody for the seasonal prevention of Lyme disease; and TNX-2900, an intranasal oxytocin potentiated with magnesium for the treatment of Prader-Willi syndrome. Further, it is developing TNX-1900, an intranasal potentiated oxytocin for the treatment of binge eating disorder, adolescent obesity, and bone health in pediatric autism, and arginine-vasopressin deficiency; TNX-801, a live horsepox vaccine for the prevention of smallpox and mpox; TNX-4200, a small molecule broad-spectrum antiviral agent targeting CD45 for the treatment or prevention of viral disease; TNX-4900, a highly selective small-molecule Sigma-1 receptor antagonist for neuropathic pain; TNX-1700, a recombinant Trefoil Factor Family 2 fusion protein for the treatment of gastric and colorectal cancers; and TNX-1800 and TNX-1850, live modified horsepox vaccines for the prevention of COVID. Tonix Pharmaceuticals Holding Corp. was founded in 2007 and is based in Berkeley Heights, New Jersey.
Long Name Tonix Pharmaceuticals Holding Corp.
Market us_market
Market Cap 233,082,416
Market State CLOSED
Max Age 86,400
Message Board Id finmb_112008811
Most Recent Quarter 1,782,777,600
Net Income To Common -159,666,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 232,396,375
Number Of Analyst Opinions 5
Open 13.52
Operating Cashflow -152,992,992
Operating Margins -3.1405098
Overall Risk 6
Payout Ratio 0.0
Phone 862 799 8599
Post Market Change 0.0
Post Market Change Percent 0.0
Post Market Price 13.59
Post Market Time 1,787,961,591
Previous Close 13.56
Price Eps Current Year -1.3658292
Price Hint 2
Price To Book 0.8499593
Price To Sales Trailing12 Months 8.009154
Profit Margins 0.0
Quick Ratio 6.117
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key strong_buy
Recommendation Mean 1.0
Region US
Regular Market Change 0.0299997
Regular Market Change Percent 0.221237
Regular Market Day High 13.98
Regular Market Day Low 13.295
Regular Market Day Range 13.295 - 13.98
Regular Market Open 13.52
Regular Market Previous Close 13.56
Regular Market Price 13.59
Regular Market Time 1,787,947,200
Regular Market Volume 490,101
Return On Assets -0.46842
Return On Equity -0.81821
Revenue Growth 5.779
Revenue Per Share 2.276
Sand P52 Week Change 0.20504117
Sector Healthcare
Sector Disp Healthcare
Sector Key healthcare
Share Holder Rights Risk 5
Shares Outstanding 17,151,024
Shares Percent Shares Out 0.19870001
Shares Short 3,408,130
Shares Short Previous Month Date 1,784,073,600
Shares Short Prior Month 3,584,541
Short Name Tonix Pharmaceuticals Holding C
Short Percent Of Float 0.1989
Short Ratio 6.81
Source Interval 15
State NJ
Symbol TNXP
Target High Price 65.0
Target Low Price 22.0
Target Mean Price 42.4
Target Median Price 34.0
Total Cash 176,232,000
Total Cash Per Share 10.275
Total Debt 1,272,000
Total Revenue 29,102,000
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps -13.12
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 14.2069
Two Hundred Day Average Change -0.6168995
Two Hundred Day Average Change Percent -0.043422528
Type Disp Equity
Volume 490,101
Website https://www.tonixpharma.com
Zip 7,928