MDxHealth SA ADR(MDXH)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL RECENCY
1-STAR RATING
SELL
SELL for 5 days
PROFIT SINCE LAST BUY
-20% ▼
LAST CLOSE
$0.56
09/25/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Upturn Advisory & Investor View for MDXH

09/25/2026: MDXH (1-star) is a SELL. SELL for 5 days. Simulated Profits (-20.00%). Updated daily EoD!

MDxHealth is a commercial-stage diagnostic company that provides specialized molecular tests for prostate and other urologic cancers. Its main strength lies in a focused diagnostic portfolio and an expanding U.S. commercial platform that supports physician decision-making. The investment story centers on capturing market share through clinical evidence and broader reimbursement. However, the company faces significant competition from larger, well-capitalized diagnostics firms and carries inherent execution risks as it scales its operations toward potential profitability. It is best suited for growth-oriented investors with a high risk tolerance, who should monitor developments in reimbursement coverage and quarterly revenue growth.

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 fitThe company offers potential for high revenue growth but carries the execution risks of a smaller diagnostic player.
Momentum investorWeak fitMomentum indicators often require sustained, large-cap trends not typically found in this smaller-cap medical segment.
Value investorWeak fitThe company's history of net losses and focus on growth make it an unsuitable candidate for traditional value metrics.
Dividend investorWeak fitThe company does not pay dividends and focuses all capital on business expansion.
Low-risk investorWeak fitHigh volatility and the inherent risks of the biotechnology sector are incompatible with low-risk investment mandates.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighSmall-cap diagnostic stocks often experience significant price swings based on news cycles and market sentiment.
Valuation riskMedium / highValuations are often predicated on long-term growth expectations that may be disrupted by execution failures.
Competition risk (diagnostics)HighLarger incumbents with massive commercial organizations create high barriers to rapid market share gain.
Business qualityMediumWhile the diagnostic technology is specialized, the company is still establishing the necessary scale to prove sustained profitability.
Dividend incomeLow / noneThe company does not generate the free cash flow required to support dividend payments.
Execution riskHighSuccess depends heavily on the effective sales and marketing of diagnostic tests to urologists.

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 SELL
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 09/25/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
MDXH receives a 3-star rating, supported by solid analyst coverage. 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 soft cash generation (FCF margin -10.7%), soft profitability (net margin -31.1%).

Financial Health Rating

★★★★★
MDXH's financial health is supported by 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 45.2% 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. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

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 53.93M USD
Price to earnings Ratio -
1Y Target Price 1.8
Price to earnings Ratio -
1Y Target Price 1.8
Volume (30-day avg) 11.6M shares
Beta -501643.7
52 Weeks Range 0.40 - 5.33
Updated Date 09/27/2026
52 Weeks Range 0.40 - 5.33
Updated Date 09/27/2026
Dividends yield (FY) -
Basic EPS (TTM) -0.71

How Company Makes Money

Business areaWhat it includesRetail investor read
Urology DiagnosticsRevenue from test processing fees for tests like ConfirmMDx, SelectMDx, and GPS.The company gets paid when doctors order its tests and they are processed in its labs.
Geography: United StatesMajority of commercial revenue and test processing operations.Most of the company's success depends on the competitive U.S. healthcare insurance and provider market.

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) 0.47
Enterprise Value 143.88M
Price to Sales(TTM) 0.47
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 45.15

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI Summary

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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.

About MDxHealth SA ADR

Exchange NASDAQ
Headquarters -
IPO Launch date 2021-11-04
CEO & Executive Director Mr. Michael K. McGarrity
Sector Healthcare
Industry Diagnostics & Research
Full time employees 364
Full time employees 364

MDxHealth SA, a commercial-stage precision diagnostics company, provides urologic solutions in the United States, Europe, and internationally. The company's testing solutions include Confirm mdx for prostate cancer tissue test that validates epigenetic test that guides the detection of occult prostate cancer on a patient's previously biopsied negative tissue; ExoD, a non-invasive urine test to assess risk of having clinically prostate cancer; and Resolve mdx for urinary tract infection that identifies personalized effective antibiotic options against the patient's infection. It offers genomic prostate score, which provides personalized genomic insights to physicians and patients navigating the complexities of prostate cancer diagnosis and treatment. The company sells its products through urology sales force consisting of direct sales representatives, strategic account managers, and regional sales managers. The company has a collaboration the initiation of Genomic Prostate Score (GPS) testing. The company was formerly known as OncoMethylome Sciences SA and changed its name to MDxHealth SA in October 2010. MDxHealth SA was incorporated in 2003 and is headquartered in Herstal, Belgium.