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Cidara Therapeutics (CDTX)
NASDAQ:CDTX

Cidara Therapeutics (CDTX) AI Stock Analysis

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Cidara Therapeutics

(NASDAQ:CDTX)

Rating:56Neutral
Price Target:
$51.00
▲(3.13%Upside)
The overall score is driven by severe financial challenges that significantly impact Cidara Therapeutics' sustainability, despite strong technical momentum and positive corporate developments. Financial instability remains the most critical factor, outweighing recent positive trial results and financing efforts.
Positive Factors
Clinical Trial Success
CDTX announced positive topline results from the CD388 Ph2b Flu trial, with each dose level hitting statistical significance.
Market Opportunity
CD388 has potential for peak sales exceeding $1.5 billion in the U.S. for immunocompromised patients, based on estimates.
Regulatory Progress
The results likely allow CDTX to use the Ph2b trial as one of two well-controlled pivotal trials needed for registration, as guided by the FDA.
Negative Factors
Investor Uncertainty
Investor questions were focused on the CD388 Flu program, indicating potential uncertainty and need for more clarity on the company's initiatives.
Regulatory and Trial Risks
The company's recent regulatory discussions with the FDA could signal important updates and potential changes to the trial's statistical analysis plan.

Cidara Therapeutics (CDTX) vs. SPDR S&P 500 ETF (SPY)

Cidara Therapeutics Business Overview & Revenue Model

Company DescriptionCidara Therapeutics, Inc., a biotechnology company, focuses on the discovery, development, and commercialization of long-acting anti-infectives for the treatment and prevention of infectious diseases and oncology in the United States. The company's lead product candidate is rezafungin acetate, a novel molecule in the echinocandin class of antifungals for the treatment and prevention of invasive fungal infections, including candidemia and invasive candidiasis, which are fungal infections associated with high mortality rates. It also advances its Cloudbreak platform to develop conjugates for the prevention and treatment of influenza and other viral infections, such as RSV, HIV, and the SARS-CoV-2 strains causing COVID-19. The company was formerly known as K2 Therapeutics, Inc. and changed its name to Cidara Therapeutics, Inc. in July 2014. Cidara Therapeutics, Inc. was incorporated in 2012 and is based in San Diego, California.
How the Company Makes MoneyCidara Therapeutics generates revenue through a combination of product sales, collaborations, and licensing agreements. The company's revenue model is heavily dependent on its ability to advance its product candidates through clinical development and achieve market approval. Key revenue streams include milestone payments and royalties from licensing agreements with larger pharmaceutical companies, as well as government grants and funding for research and development. Strategic partnerships with other biotech and pharmaceutical firms significantly contribute to its earnings by providing both financial resources and access to complementary technologies.

Cidara Therapeutics Earnings Call Summary

Earnings Call Date:May 08, 2025
(Q1-2025)
|
% Change Since: 158.22%|
Next Earnings Date:Aug 13, 2025
Earnings Call Sentiment Neutral
The earnings call emphasizes significant progress in the development of CD388, demonstrating promising results in early trials and advancing to a phase 2b study. There is optimism around the potential phase 3 study and the commercial opportunity, highlighted by the planned R&D day. However, the company's current non-revenue generating status and challenges with the NAVIGATE study's design and dose-dependent efficacy present notable concerns.
Q1-2025 Updates
Positive Updates
Introduction of CD388
CD388 aims to revolutionize the prevention of influenza by offering universal activity against all flu strains, not dependent on the host immune system, and combines a novel multivalent presentation of zanamivir with a human antibody fragment to prolong half-life.
Successful Phase 1 and Phase 2a Trials
Phase 1 single ascending dose study showed CD388 to be well tolerated with an extended half-life. Phase 2a human challenge study showed substantial protective efficacy, supporting its advancement to a phase 2b study.
Progress of NAVIGATE Phase 2b Study
NAVIGATE study completed dosing of 5,041 subjects by December, with top-line data expected by June. The study aims to determine dose selection for phase three.
Potential Phase 3 Study
Based on phase 2b results and FDA discussions, a phase 3 study is planned for February in high-risk comorbid and immune-compromised patients, addressing unmet needs.
R&D Day Announcement
An R&D day is planned for May 22 to provide updates on the NAVIGATE trial, regulatory discussions, and phase 3 plans, emphasizing the potential commercial opportunity for CD388.
Negative Updates
Non-Revenue Generating Status
Cidara Therapeutics is currently a non-revenue generating company, focusing on developing its CD388 program.
NAVIGATE Study Not Powered for Statistical Significance
The initial design of the NAVIGATE study was not powered for statistical significance, requiring discussions with the FDA to adjust the statistical analysis plan.
Challenges in Determining Dose-Dependent Efficacy
There are uncertainties regarding the dose-dependent response due to varying exposure in the NAVIGATE study, impacting data confidence and next steps.
Company Guidance
During the earnings call for the first quarter of 2025, Cidara Therapeutics, Inc. focused on the progress of their lead asset, CD388, a novel drug designed to prevent influenza. The company highlighted the completion of dosing for the phase 2b NAVIGATE study, which involved 5,041 subjects randomized into three dose groups (150 mg, 300 mg, or 450 mg) and one placebo group. Top-line data from this study, which was not initially powered for statistical significance, are expected by June 2025. Due to the severity of the February 2025 flu season, Cidara is in discussions with the FDA to potentially amend the study's statistical analysis to evaluate the statistical significance of CD388's efficacy. CD388 has shown promise in preclinical and early-phase clinical trials, demonstrating substantial protective efficacy and a well-tolerated safety profile, with potential broad applications beyond the initial target populations. The company plans to initiate a phase 3 study in the Southern Hemisphere in February 2026, focusing on high-risk and immune-compromised populations.

Cidara Therapeutics Financial Statement Overview

Summary
Cidara Therapeutics faces significant financial challenges with persistent losses and negative cash flows. The balance sheet shows low leverage, but the company relies heavily on external financing. The biotechnology industry requires long-term investment before profitability, yet the current financial trajectory suggests a need for strategic improvements.
Income Statement
35
Negative
Cidara Therapeutics has experienced a significant revenue decline in the latest year, with a revenue growth rate of -98% from the previous year. The net profit margin is deeply negative, at -13362.04% for 2024, indicating substantial losses relative to revenue. The gross profit margin is also negative, suggesting that the company is selling below cost. While biotechnology companies often face high R&D expenses, the magnitude of losses is concerning.
Balance Sheet
40
Negative
The company's debt-to-equity ratio is low due to a relatively high stockholders' equity, indicating low leverage. However, the equity ratio is 76.02%, reflecting a stable capital structure. Despite this, the company has historically negative equity, raising concerns about sustainable financial health. The increase in cash reserves provides some liquidity cushion.
Cash Flow
45
Neutral
Operating cash flow is significantly negative, although there has been substantial cash inflow from financing activities. Free cash flow remains negative, and the operating cash flow to net income ratio is negative, due to both operating cash flow and net income being negative. The company is heavily dependent on external financing to sustain operations.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue302.00K1.27M63.91M64.29M49.57M12.07M
Gross Profit245.00K1.04M62.38M64.14M49.38M-55.95M
EBITDA-107.74M-176.10M-24.36M-33.36M-42.26M-71.56M
Net Income-180.73M-169.83M-22.93M-29.80M-43.91M-72.37M
Balance Sheet
Total Assets191.73M214.80M67.03M47.59M75.33M60.42M
Cash, Cash Equivalents and Short-Term Investments168.15M189.82M35.78M32.73M62.27M35.91M
Total Debt2.67M3.58M4.88M1.32M5.06M7.96M
Total Liabilities50.05M51.49M75.24M50.50M53.75M49.71M
Stockholders Equity141.68M163.31M-8.21M-2.90M21.57M10.71M
Cash Flow
Free Cash Flow-191.94M-176.66M-22.94M-28.59M-25.27M-54.60M
Operating Cash Flow-191.84M-176.53M-22.43M-28.47M-25.23M-54.41M
Investing Cash Flow79.00K-129.00K-505.00K-118.00K-41.00K-186.00K
Financing Cash Flow337.23M337.06M25.98M-951.00K44.60M37.28M

Cidara Therapeutics Technical Analysis

Technical Analysis Sentiment
Positive
Last Price49.45
Price Trends
50DMA
24.30
Positive
100DMA
22.86
Positive
200DMA
19.73
Positive
Market Momentum
MACD
5.46
Negative
RSI
81.64
Negative
STOCH
76.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CDTX, the sentiment is Positive. The current price of 49.45 is above the 20-day moving average (MA) of 28.18, above the 50-day MA of 24.30, and above the 200-day MA of 19.73, indicating a bullish trend. The MACD of 5.46 indicates Negative momentum. The RSI at 81.64 is Negative, neither overbought nor oversold. The STOCH value of 76.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CDTX.

Cidara Therapeutics Risk Analysis

Cidara Therapeutics disclosed 60 risk factors in its most recent earnings report. Cidara Therapeutics 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

Cidara 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
56
Neutral
$639.80M-299.58%-99.35%-260.33%
54
Neutral
$303.71M-248.97%86.63%22.29%
51
Neutral
$7.41B0.32-61.11%2.34%16.99%1.69%
49
Neutral
$273.13M322.49%-30.66%36.48%
41
Neutral
$317.71M-100.13%-71.53%
41
Neutral
$384.27M-23.68%14.60%
33
Underperform
$215.80M-124.74%-20.39%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
CDTX
Cidara Therapeutics
49.45
37.51
314.15%
OCGN
Ocugen
0.98
-0.57
-36.77%
CRVS
Corvus Pharmaceuticals
3.89
2.07
113.74%
ITOS
iTeos Therapeutics
9.95
-4.89
-32.95%
FHTX
Foghorn Therapeutics
4.86
-0.89
-15.48%
TVGN
Tevogen Bio Holdings
1.24
0.52
72.22%

Cidara Therapeutics Corporate Events

Private Placements and Financing
Cidara Therapeutics Announces $350 Million Stock Offering
Positive
Jun 25, 2025

On June 24, 2025, Cidara Therapeutics announced an agreement with several underwriters to sell approximately 7.95 million shares of its common stock at $44.00 per share in a public offering, aiming to raise around $350 million. The offering, scheduled to close on June 26, 2025, marks a significant financial move for Cidara, potentially enhancing its market position and providing capital to advance its therapeutic developments.

The most recent analyst rating on (CDTX) stock is a Buy with a $45.00 price target. To see the full list of analyst forecasts on Cidara Therapeutics stock, see the CDTX Stock Forecast page.

Business Operations and StrategyRegulatory Filings and Compliance
Cidara Therapeutics Suspends ATM Prospectus with Jefferies
Neutral
Jun 24, 2025

On June 24, 2025, Cidara Therapeutics announced the suspension and termination of its ATM Prospectus related to common stock sales under its agreement with Jefferies LLC. The company will halt stock sales until a new prospectus is filed, though the sales agreement itself remains active, indicating a strategic pause rather than a complete cessation of stock activities.

The most recent analyst rating on (CDTX) stock is a Buy with a $45.00 price target. To see the full list of analyst forecasts on Cidara Therapeutics stock, see the CDTX Stock Forecast page.

Product-Related AnnouncementsBusiness Operations and Strategy
Cidara Therapeutics Reports Positive Phase 2b Trial Results
Positive
Jun 23, 2025

On June 23, 2025, Cidara Therapeutics announced positive results from its Phase 2b NAVIGATE trial for CD388, a drug aimed at preventing seasonal influenza. The trial demonstrated statistically significant prevention efficacy across all dose groups, with CD388 being well-tolerated and showing no unexpected adverse events. These results could enhance Cidara’s positioning in the antiviral market, and the company has submitted a meeting request to the FDA to discuss the Phase 3 trial design.

The most recent analyst rating on (CDTX) stock is a Buy with a $45.00 price target. To see the full list of analyst forecasts on Cidara Therapeutics stock, see the CDTX Stock Forecast page.

Shareholder MeetingsBusiness Operations and Strategy
Cidara Therapeutics Approves Key Amendments at Annual Meeting
Positive
Jun 20, 2025

On June 18, 2025, Cidara Therapeutics held its Annual Meeting of Stockholders, where key amendments were approved. The stockholders agreed to increase the number of shares authorized under the 2024 Equity Incentive Plan by 2,880,000 shares and doubled the authorized shares of common stock from 50 million to 100 million. These changes are expected to enhance the company’s operational flexibility and support its growth strategy. Additionally, the election of directors and the ratification of Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025, were confirmed.

The most recent analyst rating on (CDTX) stock is a Buy with a $45.00 price target. To see the full list of analyst forecasts on Cidara Therapeutics stock, see the CDTX 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: Jun 26, 2025