Foghorn Therapeutics Inc logo

Foghorn Therapeutics Inc(FHTX)

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EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$2.04
11/09/2026
(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 FHTX

11/09/2026: FHTX (1-star) is currently NOT-A-BUY. Pass it for now.

Foghorn Therapeutics is a clinical-stage biotechnology company focused on modulating chromatin-regulatory protein complexes to treat oncology indications. The company’s primary strength lies in its proprietary Gene Traffic Control platform, which enables it to target transcription factors historically considered undruggable. Its growth story centers on the successful clinical advancement of lead assets like FHD-286 and FHD-909. However, the company faces high risks, including significant cash burn, typical clinical trial execution challenges, and intense competition from large pharmaceutical players. Foghorn may suit growth-oriented biotech investors willing to tolerate high volatility, provided they carefully monitor upcoming clinical data readouts and the company’s cash runway management.

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 fitThis is a high-risk growth opportunity dependent on clinical success.
Momentum investorWeak fitMomentum is inconsistent and highly sensitive to news-driven clinical data events.
Value investorWeak fitThe company has no earnings or revenue to support traditional value-based valuation metrics.
Dividend investorWeak fitThere is no dividend policy and none expected in the foreseeable future.
Low-risk investorWeak fitHigh volatility and binary clinical risk are not suitable for low-risk strategies.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighClinical-stage biotech stocks often experience sharp swings based on trial results.
Valuation riskHighValuation is speculative as it relies on future potential of non-marketed assets.
Competition risk (Oncology/Epigenetics)Medium / highLarge pharma entities may outpace or outspend Foghorn in similar drug spaces.
Business qualityMediumQuality is high in terms of scientific platform, but financial sustainability is limited.
Dividend incomeLow / noneDividends are not part of the current business model.
Execution riskHighThe ability to successfully navigate complex FDA regulatory pathways is paramount.

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 -77.45%
Avg. Invested days 15
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 1.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 11/09/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
FHTX receives a 3-star rating, supported by solid company fundamentals, and solid analyst coverage. The rating is constrained by soft unit economics, soft quantitative characteristics, and weak price momentum.

Company Fundamentals

★★★★★
FHTX has solid overall fundamentals (4 stars), with moderate financial health, solid growth momentum, and solid ownership. In FY2025 versus FY2024, solid earnings growth (+14.2%) and strong revenue growth (+36.8%) are partially offset by weak cash generation (FCF margin -278.7%), weak profitability (net margin -240.3%).

Financial Health Rating

★★★★★
FHTX's financial health is supported by moderate liquidity, including working-capital and asset support (WC/assets 52.2%). Cash strength is soft (2 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Revenue growth is FHTX's strongest growth driver at +36.8% FY2025 versus FY2024 (strong, 5 stars). Earnings growth (+14.2%, solid) and free-cash-flow growth (+15.0%, solid) are also constructive, though not equally high across every growth measure.

Ownership

★★★★★
Institutional ownership is 82.0% and approximately 43.1% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 14.13% supports management-shareholder alignment.

Top 5 Institutional Investors

Flagship Ventures Management, Inc. 21.34%
Bvf Inc 9.84%
FMR Inc 9.61%
Deerfield Management Co 7.40%
BlackRock Inc 4.42%

Unit Economics (Per $1K Revenue)

★★★★★
FHTX generates approximately $892 of gross profit, $-2,656 of operating income, and $-2,787 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Operating losses and cash burn explain the 2-star rating, with weak cash conversion and strong capital efficiency.

Economic Dimensions

★★★★★
Effective Tax Rate: 0.00%

Quantitative Style Profile

★★★★★
FHTX has a High Volatility Profile profile. Weak momentum is the primary drawback, while elevated volatility.

Style Classification

Quality Focused

Value-OrientedHigh VolatilitySmall / Mid Cap RiskShort Squeeze Risk

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 111.05M USD
Price to earnings Ratio -
1Y Target Price 4.17
Price to earnings Ratio -
1Y Target Price 4.17
Volume (30-day avg) 1.2M shares
Beta 3.21
52 Weeks Range 1.79 - 7.61
Updated Date 11/08/2026
52 Weeks Range 1.79 - 7.61
Updated Date 11/08/2026
Dividends yield (FY) -
Basic EPS (TTM) -0.98

How Company Makes Money

Business areaWhat it includesRetail investor read
Drug Discovery R&DClinical advancement of small-molecule candidates.The company is not yet profitable and is betting on future drug sales from successful trials.

Valuation

Trailing PE -
Forward PE -
Enterprise Value -13.73M
Price to Sales(TTM) 3.02
Enterprise Value -13.73M
Price to Sales(TTM) 3.02
Enterprise Value to Revenue 0.01
Enterprise Value to EBITDA -1.21
Shares Outstanding 59.39M
Shares Floating 25.58M
Shares Outstanding 59.39M
Shares Floating 25.58M
Percent Insiders 14.13
Percent Institutions 82.03

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.

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