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Upturn AI Summary - About
CorMedix Inc(CRMD)
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 CRMD
11/10/2026: CRMD (1-star) is currently NOT-A-BUY. Pass it for now.
CorMedix Inc is a biotechnology company that recently transitioned to a commercial-stage firm following the FDA approval of its lead product, DefenCath. The company's primary strength lies in its innovative, non-antibiotic solution for preventing catheter-related bloodstream infections in dialysis patients. The core investment story centers on the successful adoption and scaling of DefenCath within the large dialysis market. However, primary risks include stiff competition from established medical device incumbents and the execution challenges inherent in a commercial launch. The stock is best suited for growth-oriented investors who can tolerate volatility, while future monitoring should focus on quarterly sales growth and market adoption metrics.
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 | Strong fit | The company represents a high-growth opportunity linked to the commercial ramp of a recently approved, innovative product. |
| Momentum investor | Mixed fit | This is a conditional fit based on positive sales momentum and market adoption signals for DefenCath. |
| Value investor | Weak fit | The current lack of profitability makes this a poor fit for traditional value-based investment strategies. |
| Dividend investor | Weak fit | CorMedix does not pay a dividend and focuses capital on commercialization and R&D. |
| Low-risk investor | Weak fit | The company's status as a small-cap biotech with a single-product focus entails high market and execution risk. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | The stock is highly sensitive to news, clinical updates, and commercialization progress. |
| Valuation risk | Medium / high | Valuation is speculative as it relies on future projections of product adoption rather than established earnings. |
| Competition risk (Established MedTech companies) | High | Large incumbents like Baxter and BD can leverage existing relationships to hinder market penetration. |
| Business quality | Medium | While the product is innovative, the company's business model is still proving its commercial viability. |
| Dividend income | Low / none | There is no dividend income for investors. |
| Execution risk | Medium / high | Scaling the commercial launch is a significant hurdle that requires effective sales strategy and clinical integration. |
Price Behavior
Rolling Over
The price momentum is slowing down and beginning to turn downward.
Choppy
The stock has experienced frequent reversals and pronounced short-term price swings.
Analysis of Past Performance
Type Stock | Historic Profit -21.26% | Avg. Invested days 26 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 11/10/2026 |
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 426.36M USD | Price to earnings Ratio 2.67 | 1Y Target Price 14.83 |
Price to earnings Ratio 2.67 | 1Y Target Price 14.83 | ||
Volume (30-day avg) 1.6M shares | Beta 1.48 | 52 Weeks Range 5.10 - 13.02 | Updated Date 11/10/2026 |
52 Weeks Range 5.10 - 13.02 | Updated Date 11/10/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) 2.05 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Product Revenue | Revenue generated from the sale of DefenCath to dialysis clinics and hospitals. | The company makes money by selling its primary product, DefenCath, to healthcare providers. |
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 2.67 | Forward PE 37.88 | Enterprise Value 301.56M | Price to Sales(TTM) 0.92 |
Enterprise Value 301.56M | Price to Sales(TTM) 0.92 | ||
Enterprise Value to Revenue 0.66 | Enterprise Value to EBITDA 1.18 | Shares Outstanding 77.94M | Shares Floating 65.89M |
Shares Outstanding 77.94M | Shares Floating 65.89M | ||
Percent Insiders 7.61 | Percent Institutions 57.5 |
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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