MDxHealth SA(MDXH)

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EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$0.18
10/23/2026
(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 MDXH

10/23/2026: MDXH (1-star) is currently NOT-A-BUY. Pass it for now.

MDxHealth SA is a commercial-stage diagnostics company focused on genomic testing for urological health. Its core business strengths lie in a specialized product portfolio that addresses critical needs in prostate cancer diagnosis, supported by an established laboratory infrastructure. The primary investment story centers on the company's potential to capture market share as it expands its diagnostic offerings and broadens insurance coverage in the United States. Key risks include intense competition from larger diagnostic firms, the need for continued capital to support commercial growth, and the dependence on favorable reimbursement policies. The stock may best suit growth-oriented investors who can tolerate volatility, while developments in insurance adoption and commercial execution remain the most important areas to monitor.

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 is in an active growth phase with scaling revenue and expanding market share in the urology niche.
Momentum investorMixed fitThe stock can experience significant momentum, but it is highly dependent on clinical adoption and reimbursement updates.
Value investorWeak fitThe company's lack of consistent profitability makes it an unsuitable candidate for traditional value strategies.
Dividend investorWeak fitMDxHealth does not pay a dividend and focuses all capital on growth.
Low-risk investorWeak fitHigh volatility and the risks associated with diagnostic commercialization make this unsuitable for low-risk portfolios.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighSmall-cap diagnostic stocks often experience significant price swings based on clinical news and commercial updates.
Valuation riskMedium / highInvestors often pay a premium for growth, which can lead to valuation corrections if growth targets are missed.
Competition risk (Diagnostic Giants)HighThe company faces stiff competition from much larger, well-funded diagnostic firms with greater marketing reach.
Business qualityMediumWhile the diagnostic tests have strong clinical utility, the company is still building the necessary scale for durable profitability.
Dividend incomeLow / noneThe company does not provide income to shareholders.
Execution riskMedium / highSuccessfully scaling the commercial organization and managing reimbursement processes is critical for the business model.

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 -94.74%
Avg. Invested days 24
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
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 10/23/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
MDXH receives a 3-star rating based on the available scored pillars. The rating is constrained by weak unit economics, and weak price momentum.

Company Fundamentals

★★★★★
MDXH has moderate overall fundamentals (3 stars), with soft financial health, solid growth momentum, and solid ownership. In FY2025 versus FY2024, solid earnings growth (+12.0%) and solid revenue growth (+19.8%) are partially offset by weak cash generation (FCF margin -10.7%), weak profitability (net margin -31.1%).

Financial Health Rating

★★★★★
MDXH's financial health is soft, with the relatively strongest area being moderate liquidity, including working-capital and asset support (WC/assets 2.6%). Profitability is soft (2 stars), which helps explain the 2-star overall score.

Growth Momentum Score

★★★★★
Free-cash-flow growth is MDXH's strongest growth driver at +44.1% FY2025 versus FY2024 (strong, 5 stars). Revenue growth (+19.8%, solid) and earnings growth (+12.0%, solid) are also constructive, though not equally high across every growth measure.

Ownership

★★★★★
Institutional ownership is 44.1% and approximately 44.6% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 22.14% supports management-shareholder alignment.

Top 5 Institutional Investors

Rhumbline Advisers 0.00%

Unit Economics (Per $1K Revenue)

★★★★★
MDXH generates approximately $597 of gross profit, $-143 of operating income, and $-107 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Operating losses and cash burn explain the 1-star rating, with weak cash conversion and weak capital efficiency.

Economic Dimensions

★★★★★
Effective Tax Rate: 5.25%

Quantitative Style Profile

★★★★★
MDXH has a relatively low-volatility profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedLow VolatilitySmall / Mid Cap Risk

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 17.49M USD
Price to earnings Ratio -
1Y Target Price 0.83
Price to earnings Ratio -
1Y Target Price 0.83
Volume (30-day avg) 1.2M shares
Beta -518287.38
52 Weeks Range 0.17 - 5.33
Updated Date 10/25/2026
52 Weeks Range 0.17 - 5.33
Updated Date 10/25/2026
Dividends yield (FY) -
Basic EPS (TTM) -0.7

How Company Makes Money

Business areaWhat it includesRetail investor read
Urology Diagnostic TestingRevenue generated from processing ConfirmMDx, SelectMDx, and GPS tests for healthcare providers.The company makes money every time a urologist orders one of their specialized genetic tests for a patient.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE -
Forward PE 27.7
Enterprise Value 143.88M
Price to Sales(TTM) 0.15
Enterprise Value 143.88M
Price to Sales(TTM) 0.15
Enterprise Value to Revenue 1.26
Enterprise Value to EBITDA 17.57
Shares Outstanding 95.42M
Shares Floating 42.51M
Shares Outstanding 95.42M
Shares Floating 42.51M
Percent Insiders 22.14
Percent Institutions 44.06

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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