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Upturn AI Summary - About
Aquestive Therapeutics Inc(AQST)
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)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for AQST
10/28/2026: AQST (3-star) is currently NOT-A-BUY. Pass it for now.
Aquestive Therapeutics is a small-cap specialty pharmaceutical company focused on leveraging its proprietary PharmFilm drug delivery platform to improve CNS treatments. Its primary business strengths include its innovative delivery technology and a pipeline aimed at high-need patient populations. The company's main investment story revolves around the successful commercialization of products like SYMPAZAN and EXERZELIS. However, investors must weigh these opportunities against significant risks, including clinical development failure, regulatory hurdles, and stiff competition from generic and large pharmaceutical companies. This stock is best suited for growth-oriented investors with a high risk tolerance who are prepared to monitor clinical data and regulatory news.
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 style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | The company offers growth potential through its proprietary drug platform but faces significant clinical and execution risks. |
| Momentum investor | Mixed fit | Suitability depends heavily on specific clinical or regulatory news cycles. |
| Value investor | Weak fit | The company lacks stable earnings or cash flow, making traditional value metrics inapplicable. |
| Dividend investor | Weak fit | The company does not pay dividends and focuses on capital appreciation and reinvestment. |
| Low-risk investor | Weak fit | High volatility in the biotech sector makes this stock unsuitable for low-risk profiles. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | Biotech stocks often react violently to clinical trial results and regulatory updates. |
| Valuation risk | Medium / high | Valuations are often speculative and based on long-term growth expectations rather than current earnings. |
| Competition risk (Generic and Large Pharma) | High | Large incumbents can leverage size to pressure market adoption of niche products. |
| Business quality | Medium | While the technology is innovative, the company is still in the process of building a sustainable, profitable franchise. |
| Dividend income | Low / none | The company prioritizes R&D and scaling over returning capital to shareholders. |
| Execution risk | High | Commercializing new drug formats successfully requires high levels of precision and market penetration. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Extreme Price Shocks
The stock has experienced exceptionally large and disruptive price movements during the period.
Analysis of Past Performance
Type Stock | Historic Profit 206.59% | Avg. Invested days 37 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  4.0 | Stock Returns Performance  5.0 |
| Profits based on simulation | Last Close 10/28/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 510.83M USD | Price to earnings Ratio - | 1Y Target Price 9.33 |
Price to earnings Ratio - | 1Y Target Price 9.33 | ||
Volume (30-day avg) 2.2M shares | Beta 1.49 | 52 Weeks Range 2.93 - 6.92 | Updated Date 10/27/2026 |
52 Weeks Range 2.93 - 6.92 | Updated Date 10/27/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.66 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Proprietary Products | Sales of SYMPAZAN and commercialization efforts for EXERZELIS. | Revenue from selling the company's own patented drugs. |
| Licensing & Manufacturing | Contract development and manufacturing services for other pharma clients. | Revenue from manufacturing and technology partnerships. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Valuation
Trailing PE - | Forward PE - | Enterprise Value 460.08M | Price to Sales(TTM) 9.44 |
Enterprise Value 460.08M | Price to Sales(TTM) 9.44 | ||
Enterprise Value to Revenue 8.51 | Enterprise Value to EBITDA -1.81 | Shares Outstanding 125.51M | Shares Floating 113.02M |
Shares Outstanding 125.51M | Shares Floating 113.02M | ||
Percent Insiders 10.79 | Percent Institutions 57.82 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
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)
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)
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)
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)
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)
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)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
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)
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)
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)
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)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
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)
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)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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