Tenax Therapeutics (TENX)
NASDAQ:TENX
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Tenax Therapeutics
(NASDAQ:TENX)
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Rating:45Neutral
Price Target:
$11.50
▼(-20.42% Downside)
Action:Reiterated
Date:05/15/26
The score is primarily held down by weak financial performance (no revenue, expanding losses, and heavy cash burn) and weak technical momentum (below key moving averages with negative MACD). A stronger, low-debt balance sheet and a constructive CFO appointment provide some support, but do not offset the near-term funding and execution risk implied by ongoing cash outflows.
Positive Factors
Low leverage balance sheet
Zero reported debt and meaningful equity increases strengthen financial flexibility over the medium term, lowering refinancing and interest risks. A de-levered capital structure helps preserve optionality for funding clinical programs and negotiating partnerships without immediate solvency pressure.
Negative Factors
Pre-revenue with widening losses
Absence of product revenue combined with materially larger net losses erodes runway and shifts the company into a capital-dependent model. Over 2–6 months this heightens execution risk for clinical programs and increases probability of dilutive financings that can constrain long-term shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage balance sheet
Zero reported debt and meaningful equity increases strengthen financial flexibility over the medium term, lowering refinancing and interest risks. A de-levered capital structure helps preserve optionality for funding clinical programs and negotiating partnerships without immediate solvency pressure.
Read all positive factors
Tenax Therapeutics (TENX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$310.08M
Dividend YieldN/A
Average Volume (3M)617.81K
Price to Earnings (P/E)―
Beta (1Y)0.45
Revenue GrowthN/A
EPS Growth43.48%
CountryUS
Employees4
SectorHealthcare
Sector Strength45
IndustryBiotechnology
Share Statistics
EPS (TTM)-1.41
Shares Outstanding26,525,160
10 Day Avg. Volume477,444
30 Day Avg. Volume617,814
Financial Highlights & Ratios
PEG Ratio-0.55
Price to Book (P/B)4.92
Price to Sales (P/S)0.00
P/FCF Ratio-13.35
Enterprise Value/Market Cap0.27
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/Ebitda-1.40
Forecast
1Y Price Target
$31.50Price Target Upside117.99% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)-1.95
Revenue Forecast (FY)N/A
Tenax Therapeutics Business Overview & Revenue Model
Company Description
Tenax Therapeutics, Inc., a specialty pharmaceutical company, engages in identifying, developing, and commercializing products for cardiovascular and pulmonary diseases in the United States and Canada. It develops TNX-103 and TNX-102 (levosimendan...
How the Company Makes Money
Tenax Therapeutics’ revenue model is primarily tied to the development and potential commercialization of its drug candidates. In periods before product approval and launch, the company generally does not generate meaningful recurring revenue from...
Tenax Therapeutics Financial Statement Overview
Summary
Income Statement
6
Very Negative
Balance Sheet
62
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -58.76M | -56.38M | -17.58M | -7.68M | -10.93M | -32.36M |
| Net Income | -57.91M | -52.60M | -17.60M | -7.71M | -11.05M | -32.47M |
Balance Sheet | ||||||
| Total Assets | 123.18M | 104.23M | 96.69M | 11.68M | 3.40M | 5.99M |
| Cash, Cash Equivalents and Short-Term Investments | 118.75M | 97.56M | 94.85M | 9.79M | 2.12M | 5.58M |
| Total Debt | 0.00 | 0.00 | 0.00 | 500.90K | 807.89K | 290.78K |
| Total Liabilities | 8.49M | 7.16M | 4.69M | 3.59M | 1.91M | 1.75M |
| Stockholders Equity | 114.69M | 97.07M | 91.99M | 8.10M | 1.49M | 4.24M |
Cash Flow | ||||||
| Free Cash Flow | -38.14M | -35.80M | -14.81M | -5.90M | -12.02M | -10.86M |
| Operating Cash Flow | -38.14M | -35.80M | -14.81M | -5.90M | -12.01M | -10.86M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 3.00K | -2.32K | 452.61K |
| Financing Cash Flow | 45.45M | 38.51M | 99.87M | 13.57M | 8.55M | 9.74M |
Tenax Therapeutics Technical Analysis
Negative
14.45
Price Trends
13.46
Negative
13.44
Negative
10.68
Positive
Market Momentum
-0.43
Negative
43.02
Neutral
47.96
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TENX, the sentiment is Negative. The current price of 14.45 is above the 20-day moving average (MA) of 12.04, above the 50-day MA of 13.46, and above the 200-day MA of 10.68, indicating a neutral trend. The MACD of -0.43 indicates Negative momentum. The RSI at 43.02 is Neutral, neither overbought nor oversold. The STOCH value of 47.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TENX.
Tenax Therapeutics Risk Analysis
Tenax Therapeutics disclosed 35 risk factors in its most recent earnings report. Tenax 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
Tenax Therapeutics Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | $760.45M | ― | -71.22% | ― | ― | 55.59% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
50 Neutral | $22.91M | -1.36 | -74.15% | ― | -24.96% | 46.11% | |
45 Neutral | $310.08M | -9.27 | -56.32% | ― | ― | 43.48% | |
45 Neutral | $25.78M | -0.85 | -119.92% | ― | -45.35% | 58.32% | |
43 Neutral | $25.62M | -0.39 | -309.60% | ― | ― | 65.65% | |
42 Neutral | $3.67M | -0.10 | ― | ― | ― | 76.55% |
* Healthcare Sector Average
TENX
Tenax Therapeutics
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Tenax Therapeutics Corporate Events
Business Operations and StrategyExecutive/Board Changes
Tenax Therapeutics Names New CFO to Support Growth
Positive
Apr 22, 2026
On April 22, 2026, Tenax Therapeutics appointed veteran healthcare finance executive Thomas R. Staab, II as chief financial officer, effective May 11, 2026, succeeding interim CFO Thomas A. McGauley, who will remain in a consulting role through th...
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.