Theriva Biologics (TOVX)
XASE:TOVX
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Theriva Biologics
(NYSE MKT:TOVX)
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Rating:43Neutral
Price Target:
$0.23
▲(15.50% Upside)
Action:Reiterated
Date:06/12/26
The score is primarily held down by weak financial performance—minimal revenue, large ongoing losses, and continued cash burn—despite low leverage. Technicals are also soft with negative MACD and weak RSI/Stoch. Corporate events provide some upside from encouraging trial/regulatory milestones, but warrant-meeting delays and the lack of profitable valuation support keep the overall score low.
Positive Factors
Published Phase 1 clinical evidence
Peer-reviewed Phase 1 results demonstrating VCN-01 activity (PH20 enzyme, viral genomes, increased cytotoxic T cells) validate the drug's mechanism. Durable translational signals and survival data materially de-risk development and sustain scientific interest from clinicians and partners.
Negative Factors
Sustained negative cash flow
Persistent ~-$14M annual cash burn forces repeated reliance on external funding, raising dilution and execution risk. Ongoing negative operating and free cash flow constrains ability to self-fund pivotal trials and increases dependence on timely equity or partnership capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Published Phase 1 clinical evidence
Peer-reviewed Phase 1 results demonstrating VCN-01 activity (PH20 enzyme, viral genomes, increased cytotoxic T cells) validate the drug's mechanism. Durable translational signals and survival data materially de-risk development and sustain scientific interest from clinicians and partners.
Read all positive factors
Theriva Biologics (TOVX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$11.46M
Dividend YieldN/A
Average Volume (3M)8.88M
Price to Earnings (P/E)―
Beta (1Y)1.21
Revenue GrowthN/A
EPS Growth87.76%
CountryUS
Employees20
SectorHealthcare
Sector Strength45
IndustryBiotechnology
Share Statistics
EPS (TTM)-2.53
Shares Outstanding45,892,670
10 Day Avg. Volume25,882,304
30 Day Avg. Volume8,875,558
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.17
Price to Sales (P/S)0.00
P/FCF Ratio-0.15
Enterprise Value/Market Cap-0.10
Enterprise Value/Revenue-3.67
Enterprise Value/Gross Profit-3.99
Enterprise Value/Ebitda0.05
Forecast
1Y Price Target
$2.50Price Target Upside1150.00% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.23
Revenue Forecast (FY)$29.37M
Theriva Biologics Business Overview & Revenue Model
Company Description
Theriva Biologics Inc. is a clinical-stage biotechnology firm dedicated to developing novel treatments for conditions with significant unmet medical needs. The company's pipeline features several promising candidates, including SYN-004, which is e...
How the Company Makes Money
As a clinical-stage biotechnology company, Theriva Biologics has historically not generated meaningful recurring revenue from product sales because it does not have an approved commercial therapy. Its funding has therefore primarily come from exte...
Theriva Biologics Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
48
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 300.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 276.00K | -108.00K | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -21.35M | -23.63M | -19.29M | -21.96M | -19.20M | -14.18M |
| Net Income | -21.46M | -25.25M | -25.65M | -18.35M | -19.68M | -14.27M |
Balance Sheet | ||||||
| Total Assets | 38.25M | 38.24M | 35.35M | 55.22M | 71.86M | 70.36M |
| Cash, Cash Equivalents and Short-Term Investments | 14.43M | 13.06M | 11.61M | 23.18M | 41.79M | 67.33M |
| Total Debt | 3.69M | 2.63M | 1.56M | 2.15M | 1.68M | 1.53M |
| Total Liabilities | 22.85M | 22.86M | 16.29M | 15.52M | 17.30M | 4.96M |
| Stockholders Equity | 15.40M | 15.38M | 19.07M | 39.70M | 54.56M | 65.41M |
Cash Flow | ||||||
| Free Cash Flow | -14.40M | -16.70M | -16.94M | -19.20M | -19.20M | -12.90M |
| Operating Cash Flow | -14.37M | -16.67M | -16.94M | -19.00M | -19.08M | -12.89M |
| Investing Cash Flow | -35.00K | -35.00K | -1.00K | -202.00K | -4.40M | -14.00K |
| Financing Cash Flow | 18.99M | 18.19M | 5.50M | 625.00K | -1.93M | 74.00M |
Theriva Biologics Technical Analysis
Negative
0.20
Price Trends
0.31
Negative
0.26
Negative
0.27
Negative
Market Momentum
-0.01
Positive
42.62
Neutral
9.10
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TOVX, the sentiment is Negative. The current price of 0.2 is below the 20-day moving average (MA) of 0.27, below the 50-day MA of 0.31, and below the 200-day MA of 0.27, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 42.62 is Neutral, neither overbought nor oversold. The STOCH value of 9.10 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TOVX.
Theriva Biologics Risk Analysis
Theriva Biologics disclosed 62 risk factors in its most recent earnings report. Theriva Biologics 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
Theriva Biologics 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% | |
49 Neutral | $5.82M | -0.13 | -197.11% | ― | ― | 99.30% | |
45 Neutral | $4.12M | -0.32 | -157.24% | ― | ― | 49.11% | |
43 Neutral | $11.46M | -0.10 | -209.36% | ― | ― | 87.76% | |
43 Neutral | $4.41M | -0.25 | -46.34% | ― | ― | 74.58% |
* Healthcare Sector Average
TOVX
Theriva Biologics
0.25
-0.18
-42.49%
GLMD
Galmed Pharmaceuticals
0.57
-1.27
-68.86%
MTNB
Matinas BioPharma
0.64
-0.25
-27.87%
CNSP
CNS Pharmaceuticals
3.98
-5.92
-59.80%
Theriva Biologics Corporate Events
Business Operations and Strategy
Theriva Biologics highlights promising VCN-01 Phase 1 results
Positive
Jun 11, 2026
On June 11, 2026, Theriva Biologics announced that results from a Phase 1 trial of its oncolytic adenovirus VCN-01 combined with the checkpoint inhibitor durvalumab in 20 heavily pretreated metastatic head and neck squamous cell carcinoma patients...
Private Placements and FinancingShareholder Meetings
Theriva Biologics Faces Quorum Issue Delaying Warrant Vote
Negative
Jun 5, 2026
On June 5, 2026, Theriva Biologics, Inc. attempted to hold a Special Meeting of Stockholders but was unable to convene it due to the absence of a quorum, preventing a vote on key warrant-related proposals. The company now plans to call a new stock...
Business Operations and Strategy
Theriva Biologics Highlights Positive VCN-01 Pancreatic Cancer Data
Positive
Apr 17, 2026
On April 17, 2026, Theriva Biologics announced that new tumor response, biomarker and subgroup data from its VIRAGE Phase 2b clinical trial of VCN-01 plus gemcitabine/nab-paclitaxel in newly diagnosed metastatic pancreatic cancer will be presented...
Business Operations and StrategyPrivate Placements and FinancingShareholder Meetings
Theriva Biologics Faces Delays in Warrant Approval Meeting
Negative
Apr 9, 2026
On April 9, 2026, Theriva Biologics was unable to convene a Special Meeting of Stockholders because an insufficient number of common shares were present or represented by proxy to constitute a quorum, preventing a vote on proposals tied to warrant...
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.