Apogee Therapeutics, Inc. Common Stock logo

Apogee Therapeutics, Inc. Common Stock(APGE)

Top Performer Top performer
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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL RECENCY
4-STAR RATING
REGULAR BUY
BUY for 53 days
PROFIT SINCE LAST BUY
+1.9%
LAST CLOSE
$135.07
09/03/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Upturn Advisory & Investor View for APGE

09/03/2026: APGE (4-star) is a STRONG-BUY. BUY for 53 days. Simulated Profits (1.90%). Updated daily EoD!

Apogee Therapeutics is a clinical-stage biotechnology company focused on developing proprietary, long-acting biologic therapies for inflammatory diseases like atopic dermatitis and asthma. Its core strength lies in a specialized protein engineering platform that aims to improve treatment convenience and efficacy compared to existing standards. While the company's primary growth story is built on its promising pipeline of novel biologics, it operates in a high-risk sector facing intense competition from established pharmaceutical leaders. Investors should monitor clinical trial progress, as the company is currently pre-revenue and reliant on successful research outcomes to drive future valuation. Apogee is best suited for growth-oriented investors with a high tolerance for risk.

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 investorStrong fitThe company offers high-growth potential linked to the potential success of its clinical-stage immunology pipeline.
Momentum investorStrong fit while signal remains positiveMomentum investors may favor the stock during periods of positive clinical trial data or significant pipeline progress.
Value investorWeak fitAs a loss-making clinical-stage biotech, Apogee does not currently offer the earnings or cash flow metrics sought by value investors.
Dividend investorWeak fitThe company is in an aggressive growth phase and does not pay a dividend.
Low-risk investorWeak fitClinical-stage biotechnology stocks are inherently high-risk due to the possibility of trial failure.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighThe stock is highly sensitive to clinical trial announcements and broader biotech market sentiment.
Valuation riskMedium / highValuations for pre-revenue biotech firms are highly speculative and depend heavily on future success probabilities.
Competition risk (immunology and biologics)HighThe company faces intense competition from global pharmaceutical leaders with massive scale and established market presence.
Business qualityMediumThe business relies on its proprietary engineering platform, which has yet to be validated by an FDA-approved commercial product.
Dividend incomeLow / noneThere is no income generation for shareholders.
Execution riskHighThe ability to successfully navigate complex clinical trials and regulatory pathways is the primary determinant of long-term viability.

Price Behavior

Strong Uptrend
PRICE PATH

Strong Uptrend

The stock has maintained a strong upward price trend across the last three quarters.

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 169.32%
Avg. Invested days 43
Today’s Advisory Regular Buy
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 5.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/03/2026

Upturn Scorecard

Upturn Star Rating

APGE receives a 3-star rating, supported by solid analyst coverage. The rating is constrained by weak unit economics, weak price momentum, and limited analyst upside.

Company Fundamentals

APGE has moderate overall fundamentals (3 stars), with moderate financial health, soft growth momentum, and solid ownership. In FY2025 versus FY2024, growth and ownership metrics are mixed: negative earnings growth (-40.5%), soft cash generation (FCF margin 0.0%), slightly negative revenue growth (+0.0%).

Financial Health Rating

APGE's financial health is supported by strong efficiency, including operating-expense and cost-of-revenue discipline (opex 0.0% of revenue). Profitability is weak (1 stars), which helps explain the 3-star overall score.

Growth Momentum Score

APGE's growth profile is soft, with the least-weak measure being revenue growth at +0.0% FY2025 versus FY2024. By comparison, while earnings growth (-40.5%, negative) and free-cash-flow growth (-35.0%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

Institutional ownership is 110.8% and approximately 94.0% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 2.31% provides only moderate management-shareholder alignment.

Top 5 Institutional Investors

T. Rowe Price Investment Management,Inc. 13.62%
FMR Inc 12.25%
VR Adviser, LLC 11.23%
BlackRock Inc 5.40%
RTW INVESTMENTS, LLC 3.68%

Unit Economics (Per $1K Revenue)

APGE generates approximately $-0 of gross profit, $-0 of operating income, and $-0 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

Effective Tax Rate: -0.11% (Tax Credit)

Quantitative Style Profile

APGE has a large-cap, liquid, relatively low-volatility profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Low VolatilityLarge / Mega Cap StabilityShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 10.22B USD
Price to earnings Ratio -
1Y Target Price 134.62
Price to earnings Ratio -
1Y Target Price 134.62
Volume (30-day avg) 1.1M shares
Beta 0.33
52 Weeks Range 35.39 - 135.09
Updated Date 09/10/2026
52 Weeks Range 35.39 - 135.09
Updated Date 09/10/2026
Dividends yield (FY) -
Basic EPS (TTM) -4.34

How Company Makes Money

Business areaWhat it includesRetail investor read
Clinical-stage R&DDevelopment of novel protein-engineered monoclonal antibodies.The company is currently burning cash to develop medicines; it will only earn revenue if these drugs receive regulatory approval and are sold to patients.
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Valuation

Trailing PE -
Forward PE -
Enterprise Value 9.26B
Price to Sales(TTM) -
Enterprise Value 9.26B
Price to Sales(TTM) -
Enterprise Value to Revenue -
Enterprise Value to EBITDA -
Shares Outstanding 62.20M
Shares Floating 58.44M
Shares Outstanding 62.20M
Shares Floating 58.44M
Percent Insiders 2.31
Percent Institutions 110.8

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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.

About Apogee Therapeutics, Inc. Common Stock

Exchange NASDAQ
Headquarters San Francisco, CA, United States
IPO Launch date 2023-07-14
CEO & Director Dr. Michael Thomas Henderson M.D.
Sector Healthcare
Industry Biotechnology
Full time employees 261
Full time employees 261

Apogee Therapeutics, Inc. develops and commercializes biologic therapies for immunological and inflammatory (I&I) diseases for patients and caregivers. The company's pipeline includes products, such as ZUMILOKIBART (APG777), a monoclonal antibody for atopic dermatitis, asthma, and eosinophilic esophagitis; APG990, a monoclonal antibody targeting OX40L; APG808, an antibody targeting IL-4Ra for chronic obstructive pulmonary disease and asthma; APG333, a half-life extended TSLP antibody; APG279, a combination therapy for atopic dermatitis; and APG273 for asthma and COPD. It also provides services related to engineering and optimizing antibodies with improved pharmacokinetics to reduce injection frequency for patients. The company was founded in 2022 and is based in San Francisco, California with an additional office in Waltham, Massachusetts. As of September 3, 2026, Apogee Therapeutics, Inc. operates as a subsidiary of AbbVie Inc.