Addex Therapeutics Ltd logo

Addex Therapeutics Ltd(ADXN)

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EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$2.97
10/23/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
  • ALL
  • 1Y
  • 1M
  • 1W
  • BUY Advisory
  • SELL Advisory (Profit)
  • SELL Advisory (Loss)
  • Profit
  • Loss
  • PASS (Skip)
Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Upturn Advisory & Investor View for ADXN

10/23/2026: ADXN (1-star) is currently NOT-A-BUY. Pass it for now.

Addex Therapeutics is a clinical-stage biotechnology company that utilizes its proprietary allosteric modulation platform to discover small molecule drugs for CNS disorders. Its primary strength lies in its specialized technology and successful history of attracting major pharmaceutical partners for its drug development programs. The main investment opportunity is the potential clinical success of its lead candidates, such as Dipraglurant, in high-need neurological markets. However, investors must weigh this against significant risks, including the inherent uncertainty of clinical trials, financial reliance on partners, and limited commercial infrastructure. The stock best suits risk-tolerant investors looking for long-term potential in biotechnology, with performance closely tied to clinical and partnership developments.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitThe potential for high growth exists if clinical candidates succeed, but the risk of failure is substantial.
Momentum investorStrong fit while signal remains positiveMomentum investors may find opportunities around clinical data readouts or partnership announcements.
Value investorWeak fitThe lack of consistent earnings and the clinical-stage nature make traditional value metrics difficult to apply.
Dividend investorWeak fitThe company does not pay a dividend and focuses entirely on cash-intensive R&D.
Low-risk investorWeak fitHigh clinical risk and price volatility make this unsuitable for conservative portfolios.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighClinical-stage biotech stocks often experience sharp price movements based on trial results and news flow.
Valuation riskHighValuations are highly speculative, relying on the projected success of future drug approvals.
Competition risk (CNS therapy landscape)Medium / highThe company faces competition from well-funded firms developing alternative treatments for similar neurological conditions.
Business qualityMediumWhile the technology platform is specialized, the lack of commercialized products limits current financial quality.
Dividend incomeLow / noneThe company does not generate the cash flow necessary to support dividend payments.
Execution riskHighThe company's success depends entirely on navigating complex clinical trials and regulatory pathways.

Price Behavior

Steep Decline
PRICE PATH

Steep Decline

The stock price has dropped sharply with strong downward pressure.

Extreme Price Shocks
PRICE STABILITY

Extreme Price Shocks

The stock has experienced exceptionally large and disruptive price movements during the period.

Analysis of Past Performance

Type Stock
Historic Profit 5.19%
Avg. Invested days 16
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 2.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 10/23/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
ADXN receives a 2-star rating, reflecting soft or weak scores across the available pillars. The rating is constrained by weak unit economics, soft company fundamentals, and soft quantitative characteristics.

Company Fundamentals

★★★★★
ADXN has soft overall fundamentals (2 stars), with soft financial health, soft growth momentum, and soft ownership. In FY2025 versus FY2024, growth and ownership metrics are mixed: negative earnings growth (-195.4%), weak cash generation (FCF margin -6925.9%), negative revenue growth (-92.6%).

Financial Health Rating

★★★★★
ADXN's financial health is soft, with the relatively strongest area being soft efficiency, including operating-expense and cost-of-revenue discipline (opex 9490.8% of revenue). Overall financial-health metrics support a 2-star score.

Growth Momentum Score

★★★★★
Free-cash-flow growth is ADXN's strongest growth driver at +61.4% FY2025 versus FY2024 (strong, 5 stars). By comparison, while revenue growth (-92.6%, negative) and earnings growth (-195.4%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 0.0% (soft) and 50.0% of outstanding shares are publicly tradable (solid). Insider ownership is only 0.00%, which materially reduces the ownership score.

Top 5 Institutional Investors

UBS Group AG 0.00%
SBI Securities Co Ltd 0.00%
Morgan Stanley - Brokerage Accounts 0.00%
Rhumbline Advisers 0.00%
GAMMA Investing LLC 0.00%

Unit Economics (Per $1K Revenue)

★★★★★
ADXN generates approximately $1,000 of gross profit, $-93,908 of operating income, and $-69,259 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Operating losses and cash burn explain the 1-star rating, with weak cash conversion and weak capital efficiency.

Economic Dimensions

★★★★★
Effective Tax Rate: 0.00%

Quantitative Style Profile

★★★★★
ADXN has a liquid profile. Weak momentum is the primary drawback, while soft valuation.

Style Classification

Quality Focused

High VolatilitySmall / Mid Cap RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 5.20M USD
Price to earnings Ratio -
1Y Target Price 30
Price to earnings Ratio -
1Y Target Price 30
Volume (30-day avg) 13.8K shares
Beta 2.02
52 Weeks Range 2.56 - 10.43
Updated Date 10/24/2026
52 Weeks Range 2.56 - 10.43
Updated Date 10/24/2026
Dividends yield (FY) -
Basic EPS (TTM) -7.76

How Company Makes Money

Business areaWhat it includesRetail investor read
Collaboration and LicensingRevenue from milestone payments, upfront payments, and licensing fees related to its R&D partnerships.The company makes money primarily by partnering its discovery platform with larger pharmaceutical companies that fund and lead the later stages of drug development.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

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Valuation

Trailing PE -
Forward PE -
Enterprise Value 5.92M
Price to Sales(TTM) 62.66
Enterprise Value 5.92M
Price to Sales(TTM) 62.66
Enterprise Value to Revenue 85.22
Enterprise Value to EBITDA -0.76
Shares Outstanding 1.75M
Shares Floating 876.30K
Shares Outstanding 1.75M
Shares Floating 876.30K
Percent Insiders -
Percent Institutions 0.02

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

Form CRS provides a relationship summary of our automated advisory services, flat subscription fees, and conflicts of interest. Form ADV Part 2A brochure contains complete details on services, billing, and disclosures. If any summary differs from our current regulatory filings, the filed Form ADV controls.