Neurogene (NGNE)
NASDAQ:NGNE
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Neurogene
(NASDAQ:NGNE)
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Rating:58Neutral
Price Target:
$34.00
▲(22.08% Upside)
Action:Reiterated
Date:05/14/26
The score is driven primarily by a mixed financial profile: strong capitalization and low debt, but substantial ongoing losses and heavy cash burn. Technicals are supportive with strong momentum, though overbought signals add near-term risk. Valuation remains pressured by losses and no dividend, while recent corporate events are a meaningful positive catalyst (Breakthrough Therapy designation and commercialization build-out).
Positive Factors
Strong balance sheet
Neurogene's low leverage and sizable equity/assets provide durable financing flexibility to fund expensive late‑stage trials and initial commercialization activities without immediate reliance on debt. This financial buffer reduces bankruptcy and covenant risk, supporting multi‑quarter development programs.
Negative Factors
High cash burn
Sustained, sizable negative operating and free cash flows indicate the company must raise capital or secure non‑dilutive funding to sustain programs. Persistent cash burn erodes runway, pressures strategic optionality, and increases the probability of dilutive financings that can alter long‑term ownership and strategy.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong balance sheet
Neurogene's low leverage and sizable equity/assets provide durable financing flexibility to fund expensive late‑stage trials and initial commercialization activities without immediate reliance on debt. This financial buffer reduces bankruptcy and covenant risk, supporting multi‑quarter development programs.
Read all positive factors
Neurogene (NGNE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$442.14M
Dividend YieldN/A
Average Volume (3M)225.72K
Price to Earnings (P/E)―
Beta (1Y)3.00
Revenue Growth-100.00%
EPS Growth-7.33%
CountryUS
Employees107
SectorHealthcare
Sector Strength45
IndustryBiotechnology
Share Statistics
EPS (TTM)-5.03
Shares Outstanding15,801,901
10 Day Avg. Volume272,921
30 Day Avg. Volume225,725
Financial Highlights & Ratios
PEG Ratio5.16
Price to Book (P/B)1.65
Price to Sales (P/S)0.00
P/FCF Ratio-5.57
Enterprise Value/Market Cap0.70
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit-188.74
Enterprise Value/Ebitda-3.08
Forecast
1Y Price Target
$81.67Price Target Upside193.24% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
EPS Forecast (FY)-5.44
Revenue Forecast (FY)N/A
Neurogene Business Overview & Revenue Model
Company Description
Neurogene Inc. develops life-changing genetic medicines for patients and their families affected by neurological diseases. Its product candidate includes NGN-401, an investigational AAV9 gene therapy for the treatment of Rett syndrome; and NGN-101...
How the Company Makes Money
Neurogene does not have publicly disclosed recurring commercial product revenue, and as a clinical-stage biotech it primarily funds operations through capital raises (e.g., issuing equity in public or private financings) and, when applicable, non-...
Neurogene Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
30
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 925.00K | 0.00 | 0.00 | 0.00 |
| Gross Profit | -1.64M | -3.19M | -2.32M | -3.26M | -3.20M | -42.26M |
| EBITDA | -100.66M | -103.33M | -71.89M | -52.29M | -51.99M | -49.59M |
| Net Income | -98.64M | -90.35M | -75.14M | -36.32M | -55.19M | -50.52M |
Balance Sheet | ||||||
| Total Assets | 263.14M | 288.60M | 335.73M | 222.57M | 109.27M | 101.49M |
| Cash, Cash Equivalents and Short-Term Investments | 243.18M | 269.01M | 312.40M | 197.16M | 82.02M | 70.54M |
| Total Debt | 9.13M | 9.89M | 12.43M | 16.25M | 4.69M | 6.43M |
| Total Liabilities | 25.36M | 23.72M | 25.36M | 36.55M | 10.64M | 193.36M |
| Stockholders Equity | 237.78M | 264.89M | 310.38M | 186.02M | 98.63M | -91.88M |
Cash Flow | ||||||
| Free Cash Flow | -82.61M | -78.36M | -71.41M | -51.74M | -55.05M | -64.77M |
| Operating Cash Flow | -81.94M | -77.17M | -70.60M | -51.42M | -52.82M | -46.40M |
| Investing Cash Flow | 106.01M | 14.00M | -125.26M | 25.64M | -2.23M | -18.37M |
| Financing Cash Flow | 30.68M | 30.43M | 184.07M | 92.48M | 66.53M | 51.06M |
Neurogene Technical Analysis
Neutral
27.85
Price Trends
24.61
Positive
21.81
Positive
22.31
Positive
Market Momentum
1.44
Positive
46.88
Neutral
20.02
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NGNE, the sentiment is Neutral. The current price of 27.85 is below the 20-day moving average (MA) of 28.88, above the 50-day MA of 24.61, and above the 200-day MA of 22.31, indicating a neutral trend. The MACD of 1.44 indicates Positive momentum. The RSI at 46.88 is Neutral, neither overbought nor oversold. The STOCH value of 20.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for NGNE.
Neurogene Risk Analysis
Neurogene disclosed 88 risk factors in its most recent earnings report. Neurogene 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 0 New Risks
Neurogene Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
58 Neutral | $442.14M | -3.63 | -32.99% | ― | -100.00% | -7.33% | |
52 Neutral | $169.91M | -1.37 | -80.56% | ― | ― | 59.42% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
50 Neutral | $765.65M | -0.87 | 87.31% | ― | ― | -1004.74% | |
49 Neutral | $331.31M | -2.34 | -57.01% | ― | ― | -28.75% | |
48 Neutral | $294.27M | -4.17 | -107.23% | ― | ― | ― | |
46 Neutral | $182.65M | -4.12 | -2748.16% | ― | ― | 43.68% |
* Healthcare Sector Average
NGNE
Neurogene
26.88
8.33
44.91%
SLN
Silence Therapeutics
5.77
0.63
12.26%
AVIR
Atea Pharmaceuticals
4.15
1.25
43.10%
ELTX
Elicio Therapeutics
9.17
3.67
66.73%
VOR
Vor Biopharma
14.13
10.56
295.80%
TNYA
Tenaya Therapeutics
0.79
0.31
65.34%
Neurogene Corporate Events
Business Operations and StrategyExecutive/Board Changes
Neurogene Expands Leadership Team to Drive NGN-401 Commercialization
Positive
Apr 20, 2026
On April 20, 2026, Neurogene’s board expanded to seven members and appointed President and Chief Financial Officer Christine Mikail as a Class II director with a term through the 2028 annual meeting. The move formalizes Mikail’s influe...
Business Operations and StrategyProduct-Related AnnouncementsRegulatory Filings and Compliance
Neurogene Gains FDA Breakthrough Status for Rett Gene Therapy
Positive
Feb 26, 2026
On February 26, 2026, Neurogene announced that the U.S. Food and Drug Administration granted Breakthrough Therapy designation to NGN-401, its late-stage investigational AAV9 gene therapy for Rett syndrome. The decision was based on interim Phase 1...
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.