Active Biotech AB (SE:ACTI)
:ACTI
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Active Biotech AB
(ACTI)
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Rating:50Neutral
Price Target:
kr0.06
▲(47.50% Upside)
Action:ReiteratedDate:04/08/26
The score is held back primarily by weak financial performance (no revenue, ongoing losses, and cash burn) and limited valuation support due to negative earnings. Technicals provide a partial offset with a constructive trend and positive momentum, though indicators are approaching stretched levels.
Positive Factors
Low leverage
Zero reported debt in 2025 materially reduces financial distress risk and interest obligations, giving the company structural flexibility. With no bank leverage, management can prioritize R&D spending and partnership deals without fixed debt service, lengthening runway during development cycles.
Negative Factors
No revenue
The company generated no product or recurring revenue across 2021–2025, creating a structural dependence on external financing and partnerships. Without a revenue base, sustaining R&D and scaling toward commercialization requires continued funding or successful licensing, raising long-term execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
Zero reported debt in 2025 materially reduces financial distress risk and interest obligations, giving the company structural flexibility. With no bank leverage, management can prioritize R&D spending and partnership deals without fixed debt service, lengthening runway during development cycles.
Read all positive factors
Active Biotech AB (ACTI) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr158.16M
Dividend YieldN/A
Average Volume (3M)4.56M
Price to Earnings (P/E)―
Beta (1Y)0.02
Revenue GrowthN/A
EPS Growth28.54%
CountrySE
Employees6
SectorHealthcare
Sector Strength45
IndustryBiotechnology
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding2,636,067,100
10 Day Avg. Volume2,218,804
30 Day Avg. Volume4,558,826
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)1.11
Price to Sales (P/S)0.00
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Active Biotech AB Business Overview & Revenue Model
Company Description
Active Biotech AB (publ), a biotechnology company, develops pharmaceutical products the treatment of oncology and immunology diseases in Sweden. It is developing Tasquinimod, a small molecule immuno-modulator, which is in Phase Ib/IIa clinical tri...
How the Company Makes Money
null...
Active Biotech AB Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
46
Neutral
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -1.60M | -1.64M | -1.68M | -1.49M | -1.28M |
| EBITDA | -36.00M | -38.30M | -43.89M | -56.67M | -48.52M |
| Net Income | -37.30M | -39.40M | -45.80M | -58.69M | -49.88M |
Balance Sheet | |||||
| Total Assets | 70.20M | 43.20M | 44.05M | 51.01M | 56.80M |
| Cash, Cash Equivalents and Short-Term Investments | 65.10M | 27.40M | 36.22M | 41.80M | 53.13M |
| Total Debt | 260.00K | 3.18M | 4.54M | 6.04M | 986.00K |
| Total Liabilities | 14.60M | 11.13M | 13.38M | 16.49M | 10.13M |
| Stockholders Equity | 55.60M | 32.07M | 30.67M | 34.51M | 46.67M |
Cash Flow | |||||
| Free Cash Flow | 0.00 | -40.40M | -45.74M | -55.09M | -46.17M |
| Operating Cash Flow | -32.40M | -40.40M | -45.74M | -54.85M | -46.17M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | -245.00K | 0.00 |
| Financing Cash Flow | 70.10M | 31.60M | 40.16M | 43.76M | 73.09M |
Active Biotech AB Technical Analysis
Positive
0.04
Price Trends
0.05
Positive
0.05
Positive
0.09
Negative
Market Momentum
<0.01
Negative
57.64
Neutral
49.21
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:ACTI, the sentiment is Positive. The current price of 0.04 is below the 20-day moving average (MA) of 0.05, below the 50-day MA of 0.05, and below the 200-day MA of 0.09, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 57.64 is Neutral, neither overbought nor oversold. The STOCH value of 49.21 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:ACTI.
Active Biotech AB Peers Comparison
UnderperformOutperform
Sector (51)
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% | |
50 Neutral | kr158.16M | -1.70 | -1291.15% | ― | ― | 28.54% | |
49 Neutral | kr196.78M | -3.65 | -51.35% | ― | ― | -34.02% | |
48 Neutral | kr267.92M | -13.67 | -59.78% | ― | ― | 52.96% | |
43 Neutral | kr126.56M | -1.72 | -199.86% | ― | 69.03% | 23.10% | |
41 Neutral | kr245.46M | -4.03 | ― | ― | -7.68% | 17.93% |
* Healthcare Sector Average
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Active Biotech AB Corporate Events
Active Biotech Wins Approval to Resume Expanded Tasquinimod Myelofibrosis Trial
Feb 10, 2026
Active Biotech has received regulatory approval for protocol amendments to its clinical proof-of-concept study of tasquinimod in myelofibrosis, allowing the trial to resume patient recruitment. The study, led by MD Anderson Cancer Center, now feat...
Active Biotech Updates Share Count After Completed Rights Issue
Jan 30, 2026
Active Biotech AB has updated its share capital structure following the completion of a rights issue, resulting in a total of 2,636,067,170 shares and votes outstanding as of the last trading day of the month. The expanded share base reflects the ...
Active Biotech Names Shareholder-Backed Nomination Committee Ahead of 2026 AGM
Jan 21, 2026
Active Biotech AB has appointed its Nomination Committee in line with the mandate from the 2025 Annual General Meeting, based on the company’s three largest shareholders by votes as of 30 September 2025 together with the Chairman of the Boar...
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.