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Circassia Pharmaceuticals (GB:NIOX)
:NIOX

Circassia Pharmaceuticals (NIOX) AI Stock Analysis

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Circassia Pharmaceuticals

(LSE:NIOX)

71Outperform
Circassia Pharmaceuticals is well-positioned with strong financial performance, marked by robust revenue growth and effective cash flow management. However, the high P/E ratio raises valuation concerns, potentially limiting upside. Technical analysis shows mixed signals, with potential overbought conditions. Strategic growth initiatives and recent corporate developments further enhance its prospects, although macroeconomic uncertainties pose risks.
Positive Factors
Earnings
NIOX's fiscal year trading update confirms another solid period of growth, with revenues increasing by 14% to £41.8 million, in line with consensus expectations.
Financial Performance
Stronger-than-expected operational leverage saw adjusted EBITDA grow by 21% to £13.8 million, exceeding consensus estimates.
Valuation
NIOX trades at a significant discount to peers, with a 2025 estimated price-to-earnings ratio of approximately 13 times, considered too cheap given the company's growth and margin profile.
Negative Factors
Acquisition
Discussions are early stages with no formal offer as yet from Keensight.
Macro Environment
Keensight Capital has announced that it does not intend to make a firm offer for the business at this stage due to the current uncertain macroeconomic environment.
Share Price
A level of weakness in the share price is anticipated due to recent newsflow and share price action related to it.

Circassia Pharmaceuticals (NIOX) vs. S&P 500 (SPY)

Circassia Pharmaceuticals Business Overview & Revenue Model

Company DescriptionCircassia Pharmaceuticals, operating under the brand NIOX, is a specialty biopharmaceutical company focused on the development and commercialization of products for respiratory diagnostics and management. The company primarily operates in the healthcare sector, with its core product being NIOX VERO, a leading device used by healthcare professionals for measuring fractional exhaled nitric oxide (FeNO) to assess airway inflammation in patients with conditions such as asthma.
How the Company Makes MoneyCircassia Pharmaceuticals generates revenue through the sale and distribution of its NIOX VERO devices and associated consumables, such as test kits and sensors, to healthcare providers and institutions globally. The company's revenue model is primarily based on a combination of direct sales and distribution partnerships in various regions, allowing them to reach a broad customer base. Significant partnerships with medical institutions and healthcare organizations enhance its market presence and expand its sales channels. Additionally, Circassia may engage in licensing agreements and collaboration with other pharmaceutical and biotech companies to further leverage its technology and expertise, contributing to its revenue streams.

Circassia Pharmaceuticals Financial Statement Overview

Summary
Income Statement
Balance Sheet
Cash Flow
Breakdown
TTMDec 2023Dec 2022Dec 2021Dec 2020Dec 2019
Income StatementTotal Revenue
48.00M36.80M31.30M27.90M23.90M34.60M
Gross Profit
34.40M26.50M22.20M19.00M16.30M25.50M
EBIT
6.60M4.60M1.80M-4.30M-17.30M-18.50M
EBITDA
11.20M8.70M15.40M3.10M-9.10M-12.10M
Net Income Common Stockholders
14.30M10.70M16.10M3.60M-33.50M-16.80M
Balance SheetCash, Cash Equivalents and Short-Term Investments
19.90M19.90M19.40M12.60M7.40M27.00M
Total Assets
91.50M91.50M98.50M86.40M103.10M246.80M
Total Debt
1.10M1.10M1.00M1.30M1.60M111.40M
Net Debt
-18.80M-18.80M-18.40M-11.30M-5.80M84.40M
Total Liabilities
7.70M7.70M16.60M19.60M37.00M162.00M
Stockholders Equity
83.80M83.80M81.90M66.80M66.10M84.80M
Cash FlowFree Cash Flow
15.70M11.30M6.60M1.20M-24.40M-25.40M
Operating Cash Flow
15.80M11.60M6.70M1.40M-23.90M-25.10M
Investing Cash Flow
-600.00K-300.00K-100.00K-200.00K-500.00K-9.90M
Financing Cash Flow
-19.50M-10.50M-500.00K4.10M4.30M21.90M

Circassia Pharmaceuticals Technical Analysis

Technical Analysis Sentiment
Positive
Last Price67.00
Price Trends
50DMA
66.20
Positive
100DMA
63.85
Positive
200DMA
64.30
Positive
Market Momentum
MACD
0.41
Negative
RSI
56.42
Neutral
STOCH
95.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:NIOX, the sentiment is Positive. The current price of 67 is above the 20-day moving average (MA) of 62.87, above the 50-day MA of 66.20, and above the 200-day MA of 64.30, indicating a bullish trend. The MACD of 0.41 indicates Negative momentum. The RSI at 56.42 is Neutral, neither overbought nor oversold. The STOCH value of 95.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:NIOX.

Circassia Pharmaceuticals Peers Comparison

Overall Rating
UnderperformOutperform
Sector (52)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
71
Outperform
£271.56M77.274.55%1.47%13.59%-66.27%
GBAPH
59
Neutral
£349.75M-5.04%-1.02%67.70%
56
Neutral
£295.91M7.4311.74%38.80%
52
Neutral
$5.22B3.55-44.39%2.82%15.40%-0.09%
GBOXB
49
Neutral
$312.70M-66.23%43.84%74.88%
GBAGY
48
Neutral
£338.42M-369.20%4.50%74.32%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:NIOX
Circassia Pharmaceuticals
67.80
-5.18
-7.10%
GB:OXB
Oxford BioMedica
292.00
-30.00
-9.32%
GB:APH
Alliance Pharma
64.70
29.50
83.81%
GB:PRTC
PureTech Health
121.60
-100.90
-45.35%
GB:AGY
Allergy Therapeutics
6.90
3.70
115.63%

Circassia Pharmaceuticals Corporate Events

Product-Related AnnouncementsExecutive/Board ChangesBusiness Operations and StrategyFinancial Disclosures
NIOX Group Reports Strong Start to 2025 and Outlines Strategic Priorities
Positive
May 14, 2025

NIOX Group plc reported a strong start to 2025 with a 21% increase in sales, driven by significant growth in its research business due to increased clinical trial activity. The company is prioritizing the expansion of FeNO testing in the US, the launch of the NIOX PRO® device, and the development of a home-use device. Despite a one-off cost from a withdrawn bid and upcoming board changes, NIOX remains optimistic about its financial health and strategic direction.

The most recent analyst rating on (GB:NIOX) stock is a Buy with a £77.00 price target. To see the full list of analyst forecasts on Circassia Pharmaceuticals stock, see the GB:NIOX Stock Forecast page.

Spark’s Take on GB:NIOX Stock

According to Spark, TipRanks’ AI Analyst, GB:NIOX is a Outperform.

Circassia Pharmaceuticals is in a strong financial position with robust revenue growth and effective cash flow management. However, fluctuations in net profit margins and ROE, along with a high P/E ratio, present some risks. Technical indicators suggest mixed market signals, while corporate events highlight strategic growth and expansion opportunities. Overall, the stock is well-positioned, although high valuation could limit its upside potential.

To see Spark’s full report on GB:NIOX stock, click here.

Shareholder MeetingsDividends
NIOX Group Announces Final Dividend Timetable for 2024
Neutral
Apr 24, 2025

NIOX Group plc, a company listed on the AIM market, has announced a timetable for its proposed final dividend for the financial year ending 31 December 2024. The dividend of 1.25 pence per share is subject to approval at the Annual General Meeting on 14 May 2025, with key dates including an ex-dividend date of 15 May 2025 and a payment date of 16 June 2025.

Spark’s Take on GB:NIOX Stock

According to Spark, TipRanks’ AI Analyst, GB:NIOX is a Neutral.

Circassia Pharmaceuticals shows strong financial performance with robust revenue growth and cash flow management. However, technical analysis suggests a bearish trend, and the high P/E ratio raises valuation concerns. Recent corporate events reflect strategic growth but also highlight uncertainties. Overall, the stock is positioned for growth with caution advised due to valuation and technical indicators.

To see Spark’s full report on GB:NIOX stock, click here.

Shareholder Meetings
NIOX Group Announces 2025 AGM Details
Neutral
Apr 15, 2025

NIOX Group plc, a company listed on the AIM market, has announced the publication of its Notice of the 2025 Annual General Meeting on its website. The meeting is scheduled for May 14, 2025, at their registered office in Oxford, England, and shareholders have been sent copies of the 2024 Annual Report and Accounts if requested.

Spark’s Take on GB:NIOX Stock

According to Spark, TipRanks’ AI Analyst, GB:NIOX is a Neutral.

Circassia Pharmaceuticals exhibits a solid financial foundation with strong revenue and cash flow growth. The technical analysis indicates positive momentum but is limited by incomplete indicators. The high P/E ratio suggests overvaluation, posing some risk. Recent corporate events highlight strategic growth but also introduce uncertainty. Overall, the stock is positioned well within the industry, but potential investors should be cautious of the high valuation and strategic uncertainties.

To see Spark’s full report on GB:NIOX stock, click here.

Regulatory Filings and Compliance
Niox Group PLC Announces Change in Voting Rights
Neutral
Apr 14, 2025

Niox Group PLC, a UK-based company, has announced a change in the breakdown of its voting rights due to an acquisition or disposal of financial instruments. Spreadex LTD, a regulated provider of spread betting and CFD trading, has adjusted its position in Niox Group, resulting in a decrease in its voting rights from 3.0694% to 2.4063%. This adjustment reflects a shift in the financial instruments held by Spreadex, impacting the overall voting influence within Niox Group.

Spark’s Take on GB:NIOX Stock

According to Spark, TipRanks’ AI Analyst, GB:NIOX is a Neutral.

Circassia Pharmaceuticals exhibits a solid financial foundation with strong revenue and cash flow growth. The technical analysis indicates positive momentum but is limited by incomplete indicators. The high P/E ratio suggests overvaluation, posing some risk. Recent corporate events highlight strategic growth but also introduce uncertainty. Overall, the stock is positioned well within the industry, but potential investors should be cautious of the high valuation and strategic uncertainties.

To see Spark’s full report on GB:NIOX stock, click here.

Regulatory Filings and Compliance
NIOX Group’s Director-Related Share Transaction Announced
Neutral
Apr 11, 2025

NIOX Group plc, a company listed on the AIM market, announced a transaction involving Áinne Naylor, a Person Closely Associated with Robert Naylor, a Non-Executive Director. Áinne Naylor purchased 44,166 Ordinary Shares at £0.565 per share, increasing Robert Naylor’s total shareholding to 44,166 shares, representing 0.01% of the company’s voting rights. This transaction is part of the company’s ongoing compliance with UK MAR regulations, ensuring transparency in managerial transactions.

Spark’s Take on GB:NIOX Stock

According to Spark, TipRanks’ AI Analyst, GB:NIOX is a Outperform.

Circassia Pharmaceuticals shows strong financial performance with robust revenue growth and cash flow management, although some concerns exist around net profit margin volatility and ROE. Technical analysis suggests upward momentum, but high P/E ratio raises valuation concerns. Corporate events indicate strategic growth and potential acquisition, enhancing future prospects. Overall, the stock is well-positioned but with some valuation reservations.

To see Spark’s full report on GB:NIOX stock, click here.

Private Placements and FinancingBusiness Operations and StrategyFinancial Disclosures
NIOX Group Discontinues Private Sale Amid Economic Challenges
Negative
Apr 11, 2025

NIOX Group PLC, a company in the pharmaceutical industry, has announced that Keensight Capital will not make a firm offer for the company due to current macroeconomic conditions. Consequently, NIOX has decided to discontinue its Private Sale Process, as it is unlikely to achieve optimal outcomes for shareholders. Despite these developments, NIOX reported an 18% sales growth in the first quarter of the year and a net cash position of £15.4 million as of March 31, 2025.

Spark’s Take on GB:NIOX Stock

According to Spark, TipRanks’ AI Analyst, GB:NIOX is a Outperform.

Circassia Pharmaceuticals shows strong financial performance with robust revenue growth and cash flow management, although some concerns exist around net profit margin volatility and ROE. Technical analysis suggests upward momentum, but high P/E ratio raises valuation concerns. Corporate events indicate strategic growth and potential acquisition, enhancing future prospects. Overall, the stock is well-positioned but with some valuation reservations.

To see Spark’s full report on GB:NIOX stock, click here.

Delistings and Listing Changes
NIOX Group Seeks Block Admission for Share Trading on AIM
Neutral
Apr 10, 2025

NIOX Group plc, a company involved in the healthcare sector, has applied for a block admission of 6,862,848 ordinary shares to be traded on AIM at the London Stock Exchange. This move is part of the company’s 2022 Performance Share Plan Scheme, and the shares are expected to be admitted by 16 April 2025, aligning with existing shares and potentially impacting the company’s market presence.

Spark’s Take on GB:NIOX Stock

According to Spark, TipRanks’ AI Analyst, GB:NIOX is a Outperform.

Circassia Pharmaceuticals shows strong financial performance with robust revenue growth and cash flow management, although some concerns exist around net profit margin volatility and ROE. Technical analysis suggests upward momentum, but high P/E ratio raises valuation concerns. Corporate events indicate strategic growth and potential acquisition, enhancing future prospects. Overall, the stock is well-positioned but with some valuation reservations.

To see Spark’s full report on GB:NIOX stock, click here.

Executive/Board ChangesPrivate Placements and Financing
NIOX Group Issues New Shares to Executive Directors
Neutral
Apr 1, 2025

NIOX Group plc, a company listed on the AIM market, has issued 363,006 new ordinary shares to its Executive Directors as part of its Deferred Share Bonus Plan. This issuance, related to the 2022 financial year’s annual bonus, follows the release of the company’s year-end results and marks the end of its closed period. The new shares are part of an existing block admission and align with the company’s remuneration policy, which defers a portion of bonuses for two years. This move reflects NIOX’s commitment to aligning executive incentives with shareholder interests, potentially impacting the company’s stock liquidity and executive shareholding structure.

M&A TransactionsBusiness Operations and StrategyFinancial Disclosures
NIOX Group Reports Strong Financial Growth and Strategic Developments for 2024
Positive
Apr 1, 2025

NIOX Group PLC reported a 14% revenue growth to £41.8 million for the year ended 31 December 2024, with a 21% increase in adjusted EBITDA to £13.8 million. The company announced a proposal from Keensight Capital for a potential acquisition, though discussions are preliminary. Operationally, NIOX saw a 19% increase in NIOX® FeNO tests sold and is on track to launch the NIOX PRO® device in Q4 2025. The company is expanding its manufacturing capacity and distributor network, with plans to return 80% of free cash flow to shareholders, reflecting strong financial health and strategic growth initiatives.

Business Operations and StrategyRegulatory Filings and Compliance
Niox Group PLC Sees Increase in Voting Rights by Spreadex LTD
Neutral
Mar 26, 2025

Niox Group PLC, a UK-based company, has announced a change in its financial instrument holdings, with Spreadex LTD increasing its voting rights through financial instruments to 3.0694%. This adjustment reflects a rise from the previous 2.238264% and indicates a strategic positioning by Spreadex LTD, a regulated provider of spread betting and CFD trading, to potentially influence Niox Group’s decision-making processes. This development may impact stakeholders as it suggests a shift in the control dynamics within the company.

Other
Niox Group PLC Announces Change in Voting Rights
Neutral
Mar 25, 2025

Niox Group PLC, a UK-based company, has announced a change in the voting rights held by Danske Bank A/S. The bank, headquartered in Copenhagen, Denmark, has reduced its voting rights in Niox Group from 4.059295% to 3.43072%, as of March 24, 2025. This change reflects a disposal of voting rights, potentially impacting the company’s shareholder dynamics and market perception.

M&A Transactions
NIOX Group Plc Considers Acquisition Proposal from Keensight Capital
Neutral
Mar 20, 2025

NIOX Group Plc has received a revised proposal from Keensight Capital for a potential cash offer to acquire the company at 81 pence per share. The board is considering the offer and has allowed Keensight to conduct due diligence, though discussions are still in the preliminary stages. The company is also exploring other potential offers to maximize shareholder value.

M&A Transactions
NIOX Group Receives Revised Acquisition Proposal from Keensight Capital
Neutral
Mar 20, 2025

NIOX Group Plc has received a revised proposal from Keensight Capital for a potential cash offer to acquire the company at 81 pence per share, following a previous offer of 78 pence per share. The board is considering the proposal, which is subject to due diligence, and has also initiated a private sale process to explore other potential offers, though no firm offers have been made yet.

Business Operations and StrategyRegulatory Filings and Compliance
Niox Group PLC Announces Change in Major Shareholdings
Neutral
Feb 21, 2025

Niox Group PLC, a part of the pharmaceutical industry, specializes in products and services related to healthcare, with a focus on diagnostics for respiratory conditions. The recent notification indicates a change in the voting rights, with Richard Griffiths and controlled holdings reducing their stake from 11.90% to 9.83% in Niox Group PLC. This adjustment in shareholding may impact the company’s governance and decision-making processes, potentially influencing its strategic direction.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

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.