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Harvard Bioscience Inc(HBIO)
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 HBIO
10/09/2026: HBIO (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Harvard Bioscience is a specialized manufacturer of life science instrumentation, catering to pharmaceutical companies and academic research institutions. The company's strengths lie in its legacy brand recognition and its niche focus on critical research tools like electrophysiology and telemetry systems. Its primary growth story revolves around adapting its portfolio to modern research needs, such as cell analysis and organ-on-a-chip technologies. However, the company faces significant risks, including intense competition from larger life science conglomerates, inconsistent profitability, and dependence on variable research funding cycles. This stock may suit investors interested in niche life sciences, provided they can tolerate high price volatility and a company currently in a multi-year effort to refine its operations.
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 lacks consistent, high-velocity revenue growth required for aggressive growth strategies. |
| Momentum investor | Weak fit | The stock lacks the consistent trend of price appreciation usually required for momentum strategies. |
| Value investor | Mixed fit | The company may appear cheap, but its inconsistent profitability makes value assessment difficult. |
| Dividend investor | Weak fit | Harvard Bioscience does not pay a dividend, making it unsuitable for income-focused portfolios. |
| Low-risk investor | Weak fit | High volatility and operational challenges make this an unsuitable choice for risk-averse investors. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | The stock is susceptible to significant price swings due to its small-cap nature and thin trading volume. |
| Valuation risk | Medium | Inconsistent earnings make it challenging to establish a reliable floor for valuation. |
| Competition risk (Consolidated Life Science Conglomerates) | High | Larger peers have significant advantages in distribution and R&D budgets. |
| Business quality | Medium | The company occupies a niche, but struggles to achieve the scale necessary for high-margin dominance. |
| Dividend income | Low / none | There is no dividend income for investors to rely on. |
| Execution risk | Medium / high | Ongoing efforts to streamline operations and integrate past acquisitions carry significant execution risk. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Highly Choppy
The stock has experienced frequent, large price swings that make its near-term movement less predictable.
Analysis of Past Performance
Type Stock | Historic Profit -17.09% | Avg. Invested days 28 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/09/2026 |
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 37.51M USD | Price to earnings Ratio - | 1Y Target Price 7.5 |
Price to earnings Ratio - | 1Y Target Price 7.5 | ||
Volume (30-day avg) 18.8K shares | Beta 1.51 | 52 Weeks Range 3.75 - 9.40 | Updated Date 10/11/2026 |
52 Weeks Range 3.75 - 9.40 | Updated Date 10/11/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -2.31 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Life Science Instruments | Includes cell analysis, electrophysiology, and fluidics hardware. | The company sells specialized laboratory tools to researchers who need precise, custom instruments. |
| Geography | Revenue generated primarily from North America, Europe, and China. | The company relies on global demand from academic and pharma research hubs. |
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 15.06 | Enterprise Value 74.28M | Price to Sales(TTM) 0.43 |
Enterprise Value 74.28M | Price to Sales(TTM) 0.43 | ||
Enterprise Value to Revenue 0.85 | Enterprise Value to EBITDA 179.26 | Shares Outstanding 4.55M | Shares Floating 3.66M |
Shares Outstanding 4.55M | Shares Floating 3.66M | ||
Percent Insiders 9.4 | Percent Institutions 41.91 |
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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