NRX PHARMACEUTICALS INC (NRXP)
NASDAQHealth CareBiotechnologySnapshot 2026-11-05
$2.27-8.84%
Close 2026-11-05 · 1-day change
NASDAQHealth CareBiotechnologySnapshot 2026-11-05
Research Workspace
Put NRXP beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Biotechnology is in steady. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
The reason to own it still holds.
View ThesisManagement screens weak on capital allocation, earnings delivery, market reaction to earnings.
View ManagementThis stock is highly volatile — it swings about 2% on a typical day and fell roughly 53% in its worst 12-month stretch.
View RiskNRXP's FDA-approved ketamine product has to drive real sales to justify the price. The company is unprofitable, with a recent quarterly revenue of $1.1 million. It trades at 28 times sales, versus an 8.8 times peer median. This premium is 3.1 times the typical sector multiple. Our model puts the next-quarter miss probability near 56%. The company is unprofitable, so the growth is not backed by cash. Peer multiples imply a price about 62% below where it trades. Our read remains intact. This read is provisional.
Trailing returns as of 2026-11-05. NRXP is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 4 analysts currently covering NRXP (as of Nov 2026).
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
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Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 2 valuation methods, at three horizons. As of 2026-11-05. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Biotechnology — fair value, gap to price, and forward P/E.
Compare the value case
Put NRXP next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Advances: Advance FDA approval and commercialization of preservative-free ketamine
ANDA amendment supports FDA approval process for ketamine.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-11-05. EPS is implied from price ÷ P/E. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Bottom 25% on quality vs scored peers
TTM earnings are negative. P/E-based methods drop out and the estimate leans on sales- and cash-flow-based methods. A data condition, not a forward call.
Advances: Advance clinical development and regulatory approval of NRX-100 and NRX-101
Advancing ketamine pipeline supports clinical development objectives.
Advances: Increase revenue through public offerings
Closing the offering confirms capital raised, while dilution tempers the benefit.
Advances: Increase revenue through public offerings
The $20 million offering supports funding but dilutes existing shareholders.
Threatens: Advance clinical development and regulatory approval of NRX-100 and NRX-101
The bearish thesis cites program failures and uncertain depression-market prospects.
Advances: Advance FDA approval and commercialization of preservative-free ketamine
Targeted KETAFREE approval and million-unit batches signal launch readiness, though remain forward-looking.