Aim Immunotech Inc. (AIM)
XASE:AIM
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AIM ImmunoTech
(NYSE MKT:AIM)
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Rating:43Neutral
Price Target:
$0.24
▼(-80.48% Downside)
Action:Reiterated
Date:05/22/26
The score is held down primarily by very weak financial performance (minimal revenue, large losses, and substantial ongoing cash burn) and a clearly bearish technical trend (trading below all major moving averages with negative MACD). Corporate events provide some near-term balance-sheet support via fresh capital, but the repeated equity/warrant financing signals ongoing dilution and funding risk, while valuation is difficult to support due to negative earnings.
Positive Factors
Clinical progress of lead asset
Demonstrated survival gains in a Named Patient Program and an ongoing Phase 2 combo trial with Imfinzi indicate Ampligen has credible clinical signal in high‑mortality pancreatic cancer. Sustained positive data could convert the program into a strategic oncology asset and enable partnerships or regulatory pathways.
Negative Factors
Persistent cash burn
Sustained negative OCF and FCF means the company continually consumes cash to fund operations and trials. This structural cash burn creates ongoing financing needs, increases dilution risk, and constrains the firm's ability to self‑fund sequential clinical milestones without recurrent capital raises.
Read all positive and negative factors
Positive Factors
Negative Factors
Clinical progress of lead asset
Demonstrated survival gains in a Named Patient Program and an ongoing Phase 2 combo trial with Imfinzi indicate Ampligen has credible clinical signal in high‑mortality pancreatic cancer. Sustained positive data could convert the program into a strategic oncology asset and enable partnerships or regulatory pathways.
Read all positive factors
AIM ImmunoTech (AIM) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.69M
Dividend YieldN/A
Average Volume (3M)17.34M
Price to Earnings (P/E)―
Beta (1Y)1.05
Revenue Growth-35.62%
EPS Growth70.55%
CountryUS
Employees21
SectorHealthcare
Sector Strength45
IndustryBiotechnology
Share Statistics
EPS (TTM)-1.82
Shares Outstanding14,563,515
10 Day Avg. Volume51,451,908
30 Day Avg. Volume17,338,296
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)-0.19
Price to Sales (P/S)20.78
P/FCF Ratio-0.17
Enterprise Value/Market Cap-0.11
Enterprise Value/Revenue-4.40
Enterprise Value/Gross Profit3.31
Enterprise Value/Ebitda0.04
Forecast
1Y Price Target
$5.75Price Target Upside360.00% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-1.47
Revenue Forecast (FY)$100.00K
AIM ImmunoTech Business Overview & Revenue Model
Company Description
AIM ImmunoTech Inc., an immuno-pharma company, focuses on the research and development of therapeutics to treat multiple types of cancers, viral diseases, and immune-deficiency disorders in the United States. Its flagship products are Ampligen (ri...
How the Company Makes Money
AIM ImmunoTech’s monetization is primarily tied to advancing and potentially commercializing its drug candidates—most notably Ampligen (rintatolimod). In general, for a clinical-stage biotech like AIM, revenue (when present) typically comes from o...
AIM ImmunoTech Earnings Call Summary
Earnings Call Date:Mar 27, 2025
(Q4-2024)
| % Change Since: |
Next Earnings Date:Aug 18, 2026
Earnings Call Sentiment Neutral
The earnings call highlighted significant clinical and strategic advancements, including new studies, leadership expansion, and cost reductions. However, financial challenges were noted, with low cash reserves and a risk of delisting from the stock exchange, which the company is actively working to address.Positive Updates
New Clinical Study with AstraZeneca
AIM ImmunoTech announced plans to conduct a new clinical study evaluating Ampligen in combination with AstraZeneca's intranasal influenza vaccine, FluMist, for influenza, including avian flu.
Negative Updates
Low Cash Reserves
As of December 31, 2024, AIM ImmunoTech had approximately $4 million in cash, cash equivalents, and marketable securities, highlighting potential financial constraints.
Read all updates
Q4-2024 Updates
Positive
Negative
New Clinical Study with AstraZeneca
AIM ImmunoTech announced plans to conduct a new clinical study evaluating Ampligen in combination with AstraZeneca's intranasal influenza vaccine, FluMist, for influenza, including avian flu.
Read all positive updates
Company Guidance
During the AIM ImmunoTech Fourth Quarter and Full Year 2024 Update Conference Call, CEO Thomas Equels provided extensive guidance on the company's progress and future plans. Key clinical updates included the continuation into Phase 2 of the DURIPANC trial evaluating Ampligen with AstraZeneca's Imfinzi for metastatic pancreatic cancer, and the completion of the AMP-518 study on post-COVID conditions. Financial metrics revealed that research and development expenses decreased to $6.2 million from $10.9 million the previous year, while general and administrative expenses fell to $13.7 million from $21.1 million. The company held approximately $4 million in cash and equivalents as of December 31, 2024. Strategic initiatives to maintain NYSE American listing, including a potential reverse stock split, were also discussed. The call concluded with a commitment to advancing Ampligen's potential across several high-need medical areas.AIM ImmunoTech Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
28
Negative
Cash Flow
18
Very Negative
| Breakdown | Mar 2026 | Dec 2024 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 88.00K | 170.00K | 202.00K | 141.00K | 135.00K |
| Gross Profit | -250.00K | 139.00K | 160.00K | 565.00K | -715.00K |
| EBITDA | -10.32M | -16.49M | -28.72M | -19.87M | -18.29M |
| Net Income | -13.96M | -17.32M | -28.96M | -19.45M | -19.13M |
Balance Sheet | |||||
| Total Assets | 5.78M | 8.61M | 19.38M | 40.49M | 57.70M |
| Cash, Cash Equivalents and Short-Term Investments | 993.00K | 3.98M | 13.07M | 34.19M | 48.27M |
| Total Debt | 4.90M | 2.94M | 718.00K | 837.00K | 149.00K |
| Total Liabilities | 15.56M | 9.93M | 9.15M | 2.02M | 820.00K |
| Stockholders Equity | -9.78M | -1.32M | 10.23M | 38.47M | 56.88M |
Cash Flow | |||||
| Free Cash Flow | -10.96M | -14.91M | -21.85M | -16.38M | -14.60M |
| Operating Cash Flow | -10.96M | -14.89M | -21.27M | -16.11M | -13.96M |
| Investing Cash Flow | 1.85M | 4.71M | -832.00K | 10.99M | -631.00K |
| Financing Cash Flow | 10.39M | 6.44M | 485.00K | 80.00K | 8.19M |
AIM ImmunoTech Technical Analysis
Negative
1.25
Price Trends
0.56
Negative
0.82
Negative
1.49
Negative
Market Momentum
-0.08
Positive
33.88
Neutral
17.29
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AIM, the sentiment is Negative. The current price of 1.25 is above the 20-day moving average (MA) of 0.41, above the 50-day MA of 0.56, and below the 200-day MA of 1.49, indicating a bearish trend. The MACD of -0.08 indicates Positive momentum. The RSI at 33.88 is Neutral, neither overbought nor oversold. The STOCH value of 17.29 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AIM.
AIM ImmunoTech Risk Analysis
AIM ImmunoTech disclosed 42 risk factors in its most recent earnings report. AIM ImmunoTech reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
AIM ImmunoTech Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
50 Neutral | $15.12M | -1.09 | -356.99% | ― | ― | -152.00% | |
44 Neutral | $7.18M | -0.49 | -281.30% | ― | ― | 86.07% | |
43 Neutral | $3.69M | -0.21 | 261.84% | ― | -35.62% | 70.55% | |
41 Neutral | $29.70M | 1.23 | 288.40% | ― | ― | 86.10% |
* Healthcare Sector Average
AIM
AIM ImmunoTech
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AIM ImmunoTech Corporate Events
Business Operations and StrategyPrivate Placements and Financing
AIM ImmunoTech Announces Equity Offering to Bolster Capital
Positive
May 21, 2026
On May 20, 2026, AIM ImmunoTech Inc. entered into a securities purchase agreement with institutional investors for a registered direct offering of 7,519,351 shares of common stock at $0.325 per share, alongside a concurrent private placement of wa...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
AIM ImmunoTech Strengthens Equity Position and Financial Flexibility
Positive
May 19, 2026
On May 19, 2026, AIM ImmunoTech reported that stockholder equity rose to approximately $2.1 million as of March 31, 2026, a swing of about $11.9 million from a stockholder deficit of roughly $9.8 million at December 31, 2025, aided by additional e...
Business Operations and StrategyProduct-Related Announcements
AIM ImmunoTech Highlights Ampligen Progress in Pancreatic Cancer
Positive
May 14, 2026
On May 14, 2026, AIM ImmunoTech highlighted progress for its lead drug Ampligen in a Virtual Investor Key Opinion Leader segment featuring Erasmus Medical Center surgeon and consultant Prof. Casper H.J. van Eijck and CEO Thomas K. Equels. The disc...
Private Placements and FinancingRegulatory Filings and Compliance
AIM ImmunoTech Raises Capital Through Warrant Exercise Inducement
Neutral
May 12, 2026
On May 8, 2026, AIM ImmunoTech closed a warrant exercise inducement transaction in which existing warrant holders agreed to exercise warrants for 7,451,920 shares of common stock at a reduced exercise price of $0.48 per share, providing the compan...
Business Operations and StrategyPrivate Placements and Financing
AIM ImmunoTech Induces Warrant Exercises to Raise Capital
Positive
May 8, 2026
On May 7, 2026, AIM ImmunoTech entered into a warrant exercise inducement agreement with existing warrant holders covering several prior warrant series, cutting the exercise price on those securities to $0.48 per share and prompting immediate cash...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
AIM ImmunoTech Expands At-The-Market Equity Offering Capacity
Neutral
Apr 10, 2026
On April 10, 2026, AIM ImmunoTech Inc. amended its existing Equity Distribution Agreement with Maxim Group LLC, which had previously capped at-the-market sales of its common stock at $3 million. The amendment removes that cap, allowing the company...
Business Operations and StrategyPrivate Placements and Financing
AIM ImmunoTech Completes Series G Preferred Rights Offering
Positive
Mar 6, 2026
On March 4, 2026, AIM ImmunoTech created a new Series G Convertible Preferred Stock, authorizing 12,000 shares with a $1,000 stated value each, initially convertible into common stock at $1.00 per share and subject to ownership caps between 4.99% ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.