Tenaya Therapeutics (TNYA)
NASDAQ:TNYA
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Tenaya Therapeutics
(NASDAQ:TNYA)
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Rating:48Neutral
Price Target:
$0.70
▼(-47.07% Downside)
Action:Reiterated
Date:05/30/26
The score is primarily weighed down by weak financial performance (minimal revenue, large losses, and persistent cash burn). Technicals are neutral with weak near-term momentum, and valuation is limited by negative earnings and no dividend. Corporate events provide some offset via the Alnylam collaboration, but potential dilution from the expanded equity plan adds risk.
Positive Factors
Partnership funding
A collaboration that includes upfront payment plus structured milestone upside materially improves the company's multi-quarter funding outlook and de-risks program financing. Milestone-stepped payments provide contingent, non-product revenue that can sustain R&D and reduce urgent reliance on equity markets over time.
Negative Factors
Heavy cash burn
Sustained negative operating and free cash flow at this magnitude implies ongoing dependence on external financing or milestone payments. Continued burn without material revenue growth heightens dilution risk and could constrain the pace or scope of clinical programs if anticipated partner payments or financings are delayed.
Read all positive and negative factors
Positive Factors
Negative Factors
Partnership funding
A collaboration that includes upfront payment plus structured milestone upside materially improves the company's multi-quarter funding outlook and de-risks program financing. Milestone-stepped payments provide contingent, non-product revenue that can sustain R&D and reduce urgent reliance on equity markets over time.
Read all positive factors
Tenaya Therapeutics (TNYA) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$147.56M
Dividend YieldN/A
Average Volume (3M)4.00M
Price to Earnings (P/E)―
Beta (1Y)2.80
Revenue GrowthN/A
EPS Growth59.42%
CountryUS
Employees97
SectorHealthcare
Sector Strength45
IndustryBiotechnology
Share Statistics
EPS (TTM)-0.47
Shares Outstanding216,998,870
10 Day Avg. Volume2,873,734
30 Day Avg. Volume4,003,933
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.88
Price to Sales (P/S)0.00
P/FCF Ratio-1.58
Enterprise Value/Market Cap0.32
Enterprise Value/Revenue212.30
Enterprise Value/Gross Profit146.53
Enterprise Value/Ebitda-0.63
Forecast
1Y Price Target
$10.33Price Target Upside676.94% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
EPS Forecast (FY)-0.4
Revenue Forecast (FY)$10.21M
Tenaya Therapeutics Business Overview & Revenue Model
Company Description
Tenaya Therapeutics, Inc. is a U.S.-based biotechnology firm focused on unearthing, advancing, and providing novel treatments for various cardiovascular diseases. The company harnesses advanced scientific platforms, including cellular regeneration...
How the Company Makes Money
Tenaya Therapeutics is a clinical-stage biotechnology company; specific, consistent product-based commercial revenue is not publicly available in the provided context, and the company has historically operated primarily by funding R&D through exte...
Tenaya Therapeutics Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
56
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 225.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 326.00K | -8.44M | -8.47M | -8.69M | -8.71M | -4.03M |
| EBITDA | -75.47M | -82.16M | -102.66M | -115.40M | -114.95M | -68.70M |
| Net Income | -83.00M | -90.60M | -111.13M | -124.08M | -123.67M | -72.72M |
Balance Sheet | ||||||
| Total Assets | 135.07M | 146.92M | 119.94M | 170.51M | 278.94M | 316.65M |
| Cash, Cash Equivalents and Short-Term Investments | 80.89M | 100.55M | 61.45M | 104.64M | 186.53M | 251.30M |
| Total Debt | 10.12M | 10.83M | 13.61M | 12.42M | 15.10M | 15.70M |
| Total Liabilities | 28.88M | 23.66M | 27.09M | 31.09M | 35.57M | 38.12M |
| Stockholders Equity | 106.19M | 123.27M | 92.85M | 139.42M | 243.38M | 278.53M |
Cash Flow | ||||||
| Free Cash Flow | -64.63M | -68.88M | -91.53M | -103.31M | -125.05M | -85.93M |
| Operating Cash Flow | -64.39M | -68.26M | -90.50M | -102.07M | -104.42M | -60.81M |
| Investing Cash Flow | 33.77M | 56.08M | 1.13M | 48.72M | 83.65M | -238.56M |
| Financing Cash Flow | 57.73M | 108.41M | 47.75M | 4.05M | 77.77M | 208.97M |
Tenaya Therapeutics Technical Analysis
Negative
1.33
Price Trends
0.77
Negative
0.75
Negative
1.01
Negative
Market Momentum
-0.03
Positive
43.50
Neutral
22.98
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TNYA, the sentiment is Negative. The current price of 1.33 is above the 20-day moving average (MA) of 0.76, above the 50-day MA of 0.77, and above the 200-day MA of 1.01, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 43.50 is Neutral, neither overbought nor oversold. The STOCH value of 22.98 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TNYA.
Tenaya Therapeutics Risk Analysis
Tenaya Therapeutics disclosed 67 risk factors in its most recent earnings report. Tenaya Therapeutics 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
Tenaya Therapeutics Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
56 Neutral | $322.02M | 4.84 | 41.40% | ― | ― | ― | |
55 Neutral | $583.96M | ― | -60.42% | ― | ― | 26.28% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
50 Neutral | $566.26M | -6.76 | -32.33% | ― | ― | 38.99% | |
48 Neutral | $147.56M | -1.31 | -80.56% | ― | ― | 59.42% | |
44 Neutral | $213.29M | -1.85 | -55.97% | ― | -45.50% | -35.63% | |
41 Neutral | $173.86M | -6.94 | 21.05% | ― | ― | 43.38% |
* Healthcare Sector Average
TNYA
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Tenaya Therapeutics Corporate Events
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Tenaya Therapeutics Shareholders Approve Expanded Equity Incentive Plan
Positive
May 29, 2026
On May 27, 2026, Tenaya Therapeutics’ shareholders approved an amended and restated 2021 Equity Incentive Plan, adding a one-time increase of about 6.5 million shares, equal to roughly 3% of outstanding stock, and revising the evergreen prov...
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.