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Enlivex Therapeutics Ltd (ENLV)
NASDAQ:ENLV

Enlivex (ENLV) AI Stock Analysis

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ENLV

Enlivex

(NASDAQ:ENLV)

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Neutral 49 (OpenAI - 5.2)
Rating:49Neutral
Price Target:
$1.00
▼(-11.50% Downside)
Action:UpgradedDate:01/27/26
The score is held down mainly by weak financial performance (no revenue, ongoing losses, and persistent cash burn despite improvement) and a valuation profile dominated by negative earnings. Technicals provide partial support due to a clear uptrend, but overbought momentum readings add near-term risk.
Positive Factors
Clinical Progress
Sustained positive six-month Phase IIa data materially de-risks Allocetra’s clinical profile versus short-term signals. Durable efficacy and a favorable safety read support higher probability of advancing into later trials, improve partnerability and underwrite longer-term commercial potential.
Capitalization / Runway
A $212M private placement meaningfully extends operational runway and funds clinical and strategic initiatives. This capital reduces near-term financing urgency, enabling more deliberate trial execution, potential partnering discussions and reduced execution risk over the next several quarters.
Low Leverage
Very low reported leverage preserves financial optionality for a pre-revenue biotech. With minimal debt service obligations, management can prioritize R&D spend, pursue collaborations or absorb trial setbacks without immediate solvency pressure, supporting resilient balance sheet strategy.
Negative Factors
Pre-Commercial Business Model
Absence of product revenue makes Enlivex entirely dependent on financing events until approval/commercialization. That structural revenue gap lengthens payback timelines, increases reliance on external capital and amplifies binary program risk inherent to clinical-stage biotech development.
Persistent Cash Burn
Consistent negative operating and free cash flow indicates ongoing cash burn tied to R&D and operations. This structural cash deficit necessitates periodic capital raises, diluting shareholders and creating execution uncertainty if market conditions or financing capacity tighten over the medium term.
Digital-Asset Treasury Risk
Shifting material treasury exposure into crypto assets introduces persistent balance-sheet volatility and regulatory complexity. This structural change can increase earnings and asset valuation variability, distract management from core drug development, and complicate long-term capital allocation decisions.

Enlivex (ENLV) vs. SPDR S&P 500 ETF (SPY)

Enlivex Business Overview & Revenue Model

Company DescriptionEnlivex Therapeutics Ltd. operates as a clinical-stage macrophage reprogramming immunotherapy company. It is developing Allocetra, a cell-based therapy to treat organ dysfunction and failure associated with sepsis that is in phase II clinical trial, as well as in preclinical trial to treat solid tumors. Enlivex Therapeutics Ltd. was founded in 2005 and is headquartered in Nes Ziona, Israel.
How the Company Makes MoneyEnlivex generates revenue primarily through collaborations, partnerships, and licensing agreements related to its proprietary immunotherapy technologies. As a clinical-stage company, it does not yet have commercialized products generating direct sales revenue. Instead, its financial income is heavily reliant on funding from research grants, strategic alliances with pharmaceutical companies, and potential milestone payments or royalties from future successful commercialization of its therapies. Significant partnerships with established healthcare and pharmaceutical firms may also contribute to its earnings by providing financial support for clinical trials and research activities.

Enlivex Financial Statement Overview

Summary
Fundamentals reflect a pre-revenue biotech profile: revenue is zero in recent years/TTM, with continued losses and negative gross profit. Cash flow remains consistently negative (FCF about -$12.3M TTM), implying reliance on external funding. Offsetting this, leverage is low (debt-to-equity ~0.04) and losses have narrowed versus 2022–2023, but equity/assets have declined and ROE is sharply negative.
Income Statement
18
Very Negative
Results remain deeply loss-making. Revenue is zero in 2021–2024 and in TTM (Trailing-Twelve-Months), indicating the business is still pre-commercial; 2020 showed modest revenue but with very large losses. While losses have narrowed versus 2022–2023 (net loss improved to about $12.7M in TTM (Trailing-Twelve-Months) from ~$29.1M in 2023), profitability is still materially negative and gross profit is negative, reflecting ongoing R&D and operating costs without meaningful product revenue.
Balance Sheet
62
Positive
The balance sheet shows low leverage, with debt-to-equity at ~0.04 in TTM (Trailing-Twelve-Months), which provides financial flexibility. However, equity and total assets have declined meaningfully since 2021, consistent with ongoing losses and cash burn, and return on equity is sharply negative (about -63% in TTM (Trailing-Twelve-Months)), highlighting continued value erosion for shareholders despite the low debt load.
Cash Flow
28
Negative
Cash generation is weak: operating cash flow and free cash flow are consistently negative, with free cash flow around -$12.3M in TTM (Trailing-Twelve-Months). Cash burn improved versus 2022–2023 (less negative), but free cash flow growth in TTM (Trailing-Twelve-Months) is sharply negative versus the prior period, suggesting volatility in spending or working capital. Free cash flow tracks net losses closely, indicating limited non-cash addbacks and continued reliance on external funding to sustain operations.
BreakdownTTMDec 2024Dec 2023Mar 2023Mar 2022Dec 2020
Income Statement
Total Revenue0.000.000.000.000.002.28M
Gross Profit-292.00K-545.00K-835.00K-777.00K-546.00K-286.00K
EBITDA-13.67M-14.47M-28.22M-25.02M-18.74M-9.50M
Net Income-12.70M-15.01M-29.07M-31.06M-14.47M-11.82M
Balance Sheet
Total Assets20.94M27.69M36.83M67.64M95.15M40.36M
Cash, Cash Equivalents and Short-Term Investments18.32M23.61M27.32M48.12M84.13M35.71M
Total Debt701.00K534.00K1.03M4.85M617.00K203.00K
Total Liabilities3.46M4.10M6.75M10.80M10.11M4.87M
Stockholders Equity17.48M23.59M30.08M56.84M85.04M35.49M
Cash Flow
Free Cash Flow-12.33M-13.11M-23.76M-32.08M-19.17M-12.03M
Operating Cash Flow-12.23M-13.01M-23.52M-23.95M-17.54M-11.01M
Investing Cash Flow11.78M9.06M-25.97M62.52M-38.41M-20.98M
Financing Cash Flow1.84M6.45M360.00K150.00K60.98M33.08M

Enlivex Technical Analysis

Technical Analysis Sentiment
Positive
Last Price1.13
Price Trends
50DMA
0.99
Positive
100DMA
1.01
Positive
200DMA
1.07
Positive
Market Momentum
MACD
0.03
Positive
RSI
54.86
Neutral
STOCH
58.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ENLV, the sentiment is Positive. The current price of 1.13 is above the 20-day moving average (MA) of 1.12, above the 50-day MA of 0.99, and above the 200-day MA of 1.07, indicating a bullish trend. The MACD of 0.03 indicates Positive momentum. The RSI at 54.86 is Neutral, neither overbought nor oversold. The STOCH value of 58.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ENLV.

Enlivex Risk Analysis

Enlivex disclosed 70 risk factors in its most recent earnings report. Enlivex 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

Enlivex Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
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%
49
Neutral
$268.24M-2.12-57.64%46.09%
47
Neutral
$22.36M-3.55
46
Neutral
$3.71M-0.0826.20%-42.26%
46
Neutral
$24.96M-0.55-87.18%38.42%
42
Neutral
$7.50M-196.60%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
ENLV
Enlivex
1.13
0.00
0.00%
CASI
CASI Pharmaceuticals
0.24
-2.04
-89.52%
DARE
Daré Bioscience
1.57
-1.48
-48.69%
AKTX
Akari Therapeutics
0.23
-0.66
-74.16%
PASG
Passage Bio
8.00
-1.40
-14.89%

Enlivex Corporate Events

Enlivex Lists RAIN Treasury Token on WhiteBIT to Boost Liquidity
Jan 26, 2026

On January 26, 2026, Enlivex announced that its primary digital treasury asset, the RAIN token, was listed on the WhiteBIT cryptocurrency exchange effective January 21, 2026, giving the token access to a major European and global trading venue. The move is intended to broaden market access and secondary liquidity for RAIN and strengthen the infrastructure around Enlivex’s digital asset treasury strategy, potentially enhancing visibility among crypto market participants while the company continues to advance its core immunotherapy pipeline targeting osteoarthritis.

The most recent analyst rating on (ENLV) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on Enlivex stock, see the ENLV Stock Forecast page.

Enlivex to Delist from Tel Aviv and Shift Trading Exclusively to Nasdaq
Jan 23, 2026

On January 23, 2026, Enlivex Therapeutics announced it has begun the process of voluntarily delisting its ordinary shares from the Tel Aviv Stock Exchange, with trading on the TASE expected to end on April 23, 2026 and the delisting to become effective around April 26, 2026. The company’s shares will continue to trade on the Nasdaq Capital Market under the ticker ENLV, and all shares currently traded in Tel Aviv can be transferred to Nasdaq. Enlivex’s board approved the move to concentrate trading exclusively in the U.S., citing the desire to operate under a single regulatory regime, cut duplicative administrative costs tied to dual listing, potentially boost liquidity on Nasdaq, and focus investor and public relations efforts on the U.S. capital markets, a shift that could streamline operations and sharpen its visibility among U.S. biotech and digital-asset-focused investors.

The most recent analyst rating on (ENLV) stock is a Hold with a $0.96 price target. To see the full list of analyst forecasts on Enlivex stock, see the ENLV Stock Forecast page.

Enlivex Lists RAIN Treasury Token on KuCoin to Deepen Liquidity and Market Access
Jan 7, 2026

On January 7, 2026, Enlivex Therapeutics announced that its primary digital treasury asset, the RAIN token, began trading on the KuCoin cryptocurrency exchange effective January 6, 2026, providing access to one of the world’s largest digital asset trading platforms and significantly broadening the token’s potential user base, particularly in Southeast Asia. By securing a listing on a major global venue known for deep retail liquidity, Enlivex aims to enhance market access and secondary liquidity for its RAIN holdings, marking a key milestone in its digital asset treasury strategy and underscoring the company’s dual positioning at the intersection of late-stage osteoarthritis drug development and emerging decentralized finance infrastructure.

The most recent analyst rating on (ENLV) stock is a Hold with a $0.72 price target. To see the full list of analyst forecasts on Enlivex stock, see the ENLV Stock Forecast page.

Enlivex Calls February 2026 Extraordinary Meeting to Approve Governance Changes and Reverse Share Split
Dec 18, 2025

On December 18, 2025, Enlivex Therapeutics announced it will convene an Extraordinary General Meeting of Shareholders on February 3, 2026, at its offices in Ness Ziona, Israel, to seek investor approval for a series of significant corporate governance and capital structure changes. Shareholders will be asked to vote on amendments to the Articles of Association to change the company’s name to Enlivex Ltd. (or a similar name), introduce a classified board with three staggered director classes, and increase authorized share capital, as well as to approve updated exemption and indemnification agreements for directors and the CEO, an equity bonus in restricted share units for the executive chairman, and a reverse share split of ordinary shares at a ratio between 1-for-2 and 1-for-20 to be implemented within 12 months at the board’s discretion, moves that collectively signal a strategic effort to strengthen corporate defenses, enhance capital flexibility and address share price and listing considerations for stakeholders.

The most recent analyst rating on (ENLV) stock is a Buy with a $7.00 price target. To see the full list of analyst forecasts on Enlivex stock, see the ENLV Stock Forecast page.

Enlivex Announces Fireside Chat on RAIN Token and Allocetra Development
Dec 4, 2025

On December 4, 2025, Enlivex Therapeutics announced a virtual fireside chat scheduled for December 11, 2025, to discuss its digital asset strategy and the clinical development of Allocetra™. The company recently secured a $212 million private placement, which will support its strategic initiatives. This announcement highlights Enlivex’s efforts to strengthen its market position through innovative financial strategies and continued focus on addressing the significant healthcare burden of osteoarthritis.

The most recent analyst rating on (ENLV) stock is a Buy with a $7.00 price target. To see the full list of analyst forecasts on Enlivex stock, see the ENLV Stock Forecast page.

Enlivex Completes $212 Million Private Placement, Expands Digital Asset Strategy
Nov 26, 2025

On November 24, 2025, Enlivex Therapeutics Ltd. completed a $212 million private placement, marking a significant step in its strategic expansion into digital asset treasury operations through the RAIN token. The funds will support the company’s cryptocurrency treasury strategy and ongoing clinical development of Allocetra™. The appointment of Matteo Renzi, former Prime Minister of Italy, to the Board of Directors underscores Enlivex’s commitment to innovation and strategic leadership. Renzi’s expertise is expected to enhance the company’s positioning in both the biotech and digital asset sectors.

The most recent analyst rating on (ENLV) stock is a Buy with a $7.00 price target. To see the full list of analyst forecasts on Enlivex stock, see the ENLV Stock Forecast page.

Enlivex Reports Positive Six-Month Data for Knee Osteoarthritis Trial
Nov 24, 2025

Enlivex Therapeutics Ltd. announced positive six-month topline data from the Phase IIa stage of its Allocetra™ trial for moderate to severe knee osteoarthritis, reaffirming previous three-month results. The study demonstrated significant pain reduction and improved function in patients aged 60 and above, with sustained efficacy and a favorable safety profile, supporting further development and commercial potential.

The most recent analyst rating on (ENLV) stock is a Buy with a $7.00 price target. To see the full list of analyst forecasts on Enlivex stock, see the ENLV Stock Forecast page.

Enlivex Completes Private Placement to Fund Digital Asset Strategy
Nov 24, 2025

On November 24, 2025, Enlivex Therapeutics Ltd. announced the completion of a securities purchase agreement with accredited investors, resulting in a private placement of 212 million ordinary shares. The proceeds from this transaction will be used to implement a digital asset treasury strategy, primarily involving the acquisition of RAIN tokens and other digital assets. This move aims to support Enlivex’s operational needs and align its reserve management with the RAIN ecosystem development. The company has also entered into a Treasury Management Agreement with Elinnovation Labs Ltd. to manage these assets, highlighting a strategic shift towards cryptocurrency and digital asset management, which carries inherent risks due to market volatility and regulatory uncertainties.

The most recent analyst rating on (ENLV) stock is a Buy with a $7.00 price target. To see the full list of analyst forecasts on Enlivex stock, see the ENLV Stock Forecast page.

Enlivex Reports Q3 2025 Financial Results Amidst Operational Challenges
Nov 14, 2025

Enlivex Therapeutics Ltd. released its unaudited condensed consolidated financial statements for the periods ending September 30, 2025, and 2024. The financial report highlights a decrease in total assets from $27.7 million at the end of 2024 to $20.9 million by September 2025, alongside a net loss of $7.5 million for the nine months ending September 2025. This financial performance reflects ongoing challenges in the company’s operations, potentially impacting its market position and stakeholder confidence.

The most recent analyst rating on (ENLV) stock is a Buy with a $7.00 price target. To see the full list of analyst forecasts on Enlivex stock, see the ENLV Stock Forecast page.

Enlivex Reschedules Annual Meeting Due to Lack of Quorum
Nov 10, 2025

On November 10, 2025, Enlivex Therapeutics Ltd. attempted to hold its Annual General Meeting of Shareholders but had to adjourn due to a lack of quorum. The meeting is rescheduled for November 17, 2025, with extended deadlines for shareholder voting, reflecting the company’s commitment to ensuring shareholder participation and governance compliance.

The most recent analyst rating on (ENLV) stock is a Buy with a $7.00 price target. To see the full list of analyst forecasts on Enlivex stock, see the ENLV 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 27, 2026