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Perspective Therapeutics (CATX)
:CATX

Perspective Therapeutics (CATX) AI Stock Analysis

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CATX

Perspective Therapeutics

(CATX)

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Neutral 48 (OpenAI - 5.2)
Rating:48Neutral
Price Target:
$2.50
▼(-4.58% Downside)
The score is held down primarily by weak financial performance (large ongoing losses and significant cash burn with minimal revenue). Technicals are also soft with the stock trading below key longer-term moving averages. Offsetting these risks, corporate events point to positive clinical momentum and platform progress, while valuation is difficult to justify using P/E given negative earnings and no dividend support.
Positive Factors
Strong balance sheet and low leverage
Perspective holds a relatively strong capital base with very low debt and substantial equity, giving the company financial flexibility to fund clinical programs and manufacturing scale-up over the medium term. This reduces near-term insolvency risk and supports multi-stage R&D execution.
Positive clinical safety and early efficacy signals
Consistent, favorable Phase 1/2a safety and efficacy readouts for the lead 212Pb VMT-α-NET program strengthen the asset’s risk/benefit profile and support registrational planning. Durable control and objective responses improve prospects for regulatory engagement and future commercial potential.
Platform IP and manufacturing scale-up
The company’s proprietary 212Pb platform, claimed strong IP, and moves to expand commercial-scale manufacturing create a durable competitive advantage by reducing supply bottlenecks and enabling smoother transition from clinical to pivotal studies and eventual commercialization.
Negative Factors
High cash burn and negative cash flows
Sustained, large negative operating and free cash flow indicates the company is a high-burn R&D entity. Over 2–6 months this necessitates capital raises or partnerships to maintain development programs, increasing execution risk and potential dilution if operating losses continue.
Minimal revenue and persistent losses
Revenue is negligible and losses are large, reflecting a pre-revenue, development-stage model. Without material commercial revenue or recurring partnership income, the business depends on external funding and achieving clinical milestones to validate longer-term revenue generation.
Risk of future dilution despite runway
Although current equity provides runway into late 2026, ongoing operating losses and expanded clinical activity increase the probability of future equity financings or partnerships. This structural funding risk can dilute shareholders and influence strategic decisions over the medium term.

Perspective Therapeutics (CATX) vs. SPDR S&P 500 ETF (SPY)

Perspective Therapeutics Business Overview & Revenue Model

Company DescriptionPerspective Therapeutics, Inc., together with its subsidiaries, develops, manufactures, sells, and markets isotope-based medical products and devices for the treatment of cancer and other malignant diseases in the United States and internationally. The company offers CS-1 Cesium-131 brachytherapy seeds for the treatment of prostate, brain, lung, head and neck, gynecological, pelvic/abdominal, and colorectal cancers. It sells its products to facilities or physician practices that utilize various surgical facilities. The company was formerly known as Isoray, Inc. and changed its name to Perspective Therapeutics, Inc. in February 2022. Perspective Therapeutics, Inc. was founded in 1998 and is based in Richland, Washington.
How the Company Makes MoneyPerspective Therapeutics makes money primarily through the commercialization of its proprietary therapeutic solutions. The company generates revenue by licensing its technologies to pharmaceutical companies, receiving milestone payments and royalties from successful product developments. Additionally, Perspective Therapeutics may engage in strategic partnerships and collaborations with other biotech firms and research institutions to co-develop products, further expanding its revenue streams. The company may also earn income from government grants and subsidies aimed at fostering innovation in healthcare.

Perspective Therapeutics Financial Statement Overview

Summary
Perspective Therapeutics faces critical challenges with no revenue generation and increasing net losses. The company's strong equity base and low leverage offer some financial stability, but the dependency on external financing and poor cash flow metrics raise concerns about its sustainability. Immediate strategic adjustments are essential to improve revenue generation and operational efficiency.
Income Statement
12
Very Negative
Perspective Therapeutics shows significant challenges in its income statement. Revenue has declined to zero in the most recent year from $1.43 million the previous year, indicating severe operational challenges. The net loss has widened significantly, exacerbating concerns about profitability and sustainability. The EBIT margin has improved due to reduced negative EBIT, but this is overshadowed by the lack of revenue.
Balance Sheet
68
Positive
The balance sheet reflects a strong equity position with low debt levels, evidenced by a debt-to-equity ratio of approximately 0.01. The company maintains a high equity ratio, suggesting financial stability despite ongoing losses. However, the substantial net losses indicate that the company is heavily reliant on external financing, posing a risk to long-term viability.
Cash Flow
18
Very Negative
Cash flow analysis shows substantial negative free cash flow, reflecting significant cash burn. The large financing cash flow indicates reliance on external funding to support operations. The operating cash flow to net income ratio is negative, as is the free cash flow to net income ratio, demonstrating inefficiency in converting income into cash.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue841.00K0.001.43M7.10M10.79M10.05M
Gross Profit-1.40M0.001.43M1.63M4.62M5.12M
EBITDA-105.21M10.46M-39.96M-14.84M-7.39M-3.43M
Net Income-105.80M-79.28M-46.51M-14.67M-7.15M-3.19M
Balance Sheet
Total Assets294.82M341.10M97.89M58.09M67.25M15.51M
Cash, Cash Equivalents and Short-Term Investments174.14M226.92M9.24M43.76M60.35M9.59M
Total Debt3.31M4.06M2.55M0.00652.00K897.00K
Total Liabilities52.61M50.43M22.71M3.45M2.86M2.74M
Stockholders Equity242.22M290.67M75.18M54.64M64.39M12.77M
Cash Flow
Free Cash Flow-104.38M-72.71M-37.98M-12.47M-7.98M-3.22M
Operating Cash Flow-78.31M-18.29M-36.91M-12.17M-7.71M-2.84M
Investing Cash Flow-125.91M-218.93M24.37M-57.68M-284.00K-410.00K
Financing Cash Flow10.66M289.38M785.00K56.00K56.00K64.68M

Perspective Therapeutics Technical Analysis

Technical Analysis Sentiment
Negative
Last Price2.62
Price Trends
50DMA
2.47
Positive
100DMA
2.97
Negative
200DMA
3.03
Negative
Market Momentum
MACD
>-0.01
Positive
RSI
43.98
Neutral
STOCH
33.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CATX, the sentiment is Negative. The current price of 2.62 is below the 20-day moving average (MA) of 2.72, above the 50-day MA of 2.47, and below the 200-day MA of 3.03, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 43.98 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CATX.

Perspective Therapeutics Risk Analysis

Perspective Therapeutics disclosed 55 risk factors in its most recent earnings report. Perspective Therapeutics reported the most risks in the "Tech & Innovation" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 1 New Risks
1.
We may not be successful in managing the build-out of our manufacturing facilities and associated costs or satisfying manufacturing-related regulatory requirements. Q3, 2024

Perspective Therapeutics Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
78
Outperform
$235.45M30.4719.02%16.05%29.48%
72
Outperform
$276.77M22.8110.53%18.90%29.22%
54
Neutral
$291.29M-3.0549.52%19.34%
52
Neutral
$343.32M-3.41-29.28%-2.69%-149.18%
51
Neutral
$7.86B-0.30-43.30%2.27%22.53%-2.21%
48
Neutral
$194.77M-1.70-37.24%
47
Neutral
$192.56M-3.47-34.75%15.19%-3.32%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
CATX
Perspective Therapeutics
2.48
-0.68
-21.52%
ELMD
Electromed
28.32
-5.55
-16.39%
QTRX
Quanterix
7.95
-0.87
-9.86%
VMD
Viemed Healthcare
7.54
-0.63
-7.71%
NNOX
Nano-X Imaging
3.07
-5.27
-63.19%
TLSI
TriSalus Life Sciences
6.15
1.32
27.33%

Perspective Therapeutics Corporate Events

Business Operations and StrategyProduct-Related Announcements
Perspective Therapeutics Highlights Progress in Radioligand Oncology Pipeline
Positive
Jan 14, 2026

On January 14, 2026, Perspective Therapeutics updated its corporate presentation to highlight progress on its 212Pb-based radioligand platform and expanding oncology pipeline. The company detailed three ongoing Phase 1/2a clinical programs—VMT-α-NET for SSTR2-positive neuroendocrine tumors, VMT01 for melanoma targeting MC1R, and PSV359 for FAP-α–expressing solid tumors—all of which have shown early signals of anti-tumor activity and manageable safety profiles. It also emphasized its secured clinical supply, commercial-scale manufacturing build-out, and strong IP coverage, positioning the company to potentially advance registration-enabling studies and to compete more aggressively in the growing solid tumor radiopharmaceutical market, with additional Phase 1/2 data from all three programs expected in 2026.

The most recent analyst rating on (CATX) stock is a Buy with a $11.00 price target. To see the full list of analyst forecasts on Perspective Therapeutics stock, see the CATX Stock Forecast page.

Business Operations and Strategy
Perspective Therapeutics outlines 2026 clinical and manufacturing priorities
Positive
Jan 12, 2026

On January 12, 2026, Perspective Therapeutics announced business updates and strategic priorities for the next 12–18 months, highlighting steady clinical progress across its pipeline and moves to scale manufacturing ahead of broader data readouts and regulatory engagement. Updated interim data from its lead VMT-α-NET program in neuroendocrine tumors, presented at ASCO-GI 2026, showed continued strong patient recruitment, a favorable safety profile with no dose-limiting toxicities or treatment-related serious adverse events among 56 treated patients, and signs of durable disease control and deepening tumor responses, positioning the program for more extensive conference presentations and discussions with regulators in 2026. The company also reported ongoing dose-finding work in its VMT01 melanoma program, including patients treated both as monotherapy and in combination with nivolumab at the 3.0 mCi dose, as well as early clinical activity in the PSV359 program targeting FAP-expressing solid tumors, where five patients had been treated across two dose cohorts by year-end 2025. Alongside these clinical advances, Perspective is expanding and upgrading its manufacturing footprint to support growing clinical demand, and it planned to outline these developments and its strategic trajectory to investors at the 44th Annual J.P. Morgan Healthcare Conference on January 14, 2026.

The most recent analyst rating on (CATX) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on Perspective Therapeutics stock, see the CATX Stock Forecast page.

Business Operations and Strategy
Perspective Therapeutics Reports Positive Interim Neuroendocrine Tumor Data
Positive
Jan 9, 2026

On January 9, 2026, Perspective Therapeutics reported updated interim data from its ongoing Phase 1/2a trial of [212Pb]VMT-α-NET in patients with unresectable or metastatic SSTR2‑expressing neuroendocrine tumors, based on a December 10, 2025 data cut-off and presented at the 2026 ASCO Gastrointestinal Cancers Symposium. The update showed that among 56 patients across three dose cohorts there were no dose-limiting toxicities, treatment-related discontinuations, serious renal complications, or Grade 5 events, while Grade 3 or higher treatment-emergent adverse events occurred in 37.5% of patients and serious adverse events were not attributed to the study drug. Efficacy data from both patients in Cohort 1 and 23 patients in Cohort 2 indicated that 76% of these 25 patients were alive without disease progression after roughly 13 additional weeks of follow-up versus the prior readout, with a 39% objective response rate in Cohort 2 and evidence of deepening tumor responses over time. Investigators and company executives highlighted the combination of durable anti-tumor activity and favorable tolerability at the 5.0 mCi dose, the completion of dose-limiting toxicity assessment at the higher 6.0 mCi dose, and the expanding clinical dataset as factors that strengthen the program’s profile and underpin ongoing dose optimization and future registrational planning, signaling growing clinical momentum for the company’s lead radiopharmaceutical asset and broader platform.

The most recent analyst rating on (CATX) stock is a Hold with a $4.00 price target. To see the full list of analyst forecasts on Perspective Therapeutics stock, see the CATX Stock Forecast page.

Business Operations and StrategyProduct-Related Announcements
Perspective Therapeutics Updates Corporate Presentation on Advancements
Positive
Dec 1, 2025

On December 1, 2025, Perspective Therapeutics updated its corporate presentation, highlighting its advancements in radiopharmaceutical therapy, which is set to revolutionize oncology treatment. The company’s innovative platform and proprietary chelator are optimized for lead-based radiopharmaceutical therapies, demonstrating compelling anti-tumor activity and a strong safety profile in trials for neuroendocrine tumors and metastatic melanoma. This progress underscores the potential for significant impact on cancer treatment and positions Perspective Therapeutics as a leader in the field.

The most recent analyst rating on (CATX) stock is a Buy with a $13.00 price target. To see the full list of analyst forecasts on Perspective Therapeutics stock, see the CATX Stock Forecast page.

Business Operations and StrategyFinancial Disclosures
Perspective Therapeutics Reports Promising Q3 2025 Results
Positive
Nov 10, 2025

On November 10, 2025, Perspective Therapeutics announced its third-quarter results and provided business updates, highlighting the progress of its [212Pb]VMT-α-NET Phase 1/2a study for neuroendocrine tumors and the VMT01 study for melanoma. The company reported a favorable safety profile and promising anti-tumor activity for its [212Pb]VMT-α-NET therapy, with 80% of patients remaining progression-free. Financially, Perspective Therapeutics had approximately $174 million in cash and investments as of September 30, 2025, expected to fund operations into late 2026. The company also noted increased research and development expenses due to expanded clinical activities and personnel costs.

The most recent analyst rating on (CATX) stock is a Buy with a $14.00 price target. To see the full list of analyst forecasts on Perspective Therapeutics stock, see the CATX Stock Forecast page.

Business Operations and StrategyProduct-Related Announcements
Perspective Therapeutics Updates Corporate Presentation on Pipeline
Positive
Nov 6, 2025

On November 6, 2025, Perspective Therapeutics updated its corporate presentation, highlighting its robust pipeline of clinical-stage programs and the potential impact of its radiopharmaceutical therapies on oncology treatment. The company’s focus on targeted therapies, including its VMT-α-NET and VMT01/02 programs, aims to expand the range of tumors addressed by their products, with multiple data milestones expected through 2026. This development could significantly enhance the company’s market positioning and provide new treatment options for patients with various solid tumors.

The most recent analyst rating on (CATX) stock is a Buy with a $14.00 price target. To see the full list of analyst forecasts on Perspective Therapeutics stock, see the CATX Stock Forecast page.

Executive/Board Changes
Perspective Therapeutics Updates Executive Employment Agreements
Neutral
Nov 3, 2025

On November 3, 2025, Perspective Therapeutics, Inc. announced amended and restated employment agreements with its top executives, including the CEO, Chief Accounting Officer, and Chief Medical Officer. These agreements update their salaries and revise provisions related to Change in Control scenarios, ensuring financial and equity-based compensations if their employment is terminated under specific conditions. The changes are designed to provide stability and clarity for the executives during potential transitions, which may impact the company’s leadership continuity and stakeholder confidence.

The most recent analyst rating on (CATX) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on Perspective Therapeutics stock, see the CATX Stock Forecast page.

Business Operations and StrategyProduct-Related Announcements
Perspective Therapeutics Shows Promising Trial Results at ESMO
Positive
Oct 20, 2025

Perspective Therapeutics presented updated interim results from its ongoing Phase 1/2a clinical trial of [212Pb]VMT-α-NET at the ESMO Congress 2025. The trial, which targets unresectable or metastatic somatostatin receptor type 2 (SSTR2) expressing neuroendocrine tumors, showed that [212Pb]VMT-α-NET continues to be well-tolerated with no dose-limiting toxicities and demonstrated a 44% objective response rate in Cohort 2. The company anticipates further data in 2026, which could impact future registration studies and patient selection criteria.

The most recent analyst rating on (CATX) stock is a Buy with a $18.00 price target. To see the full list of analyst forecasts on Perspective Therapeutics stock, see the CATX Stock Forecast page.

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.Date of analysis: Jan 14, 2026