Neurocrine Biosciences Inc logo

Neurocrine Biosciences Inc(NBIX)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$138.4
09/25/2026
(24-hour delay)

Advisory History & Simulated Performance *

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

09/25/2026: NBIX (1-star) is currently NOT-A-BUY. Pass it for now.

Neurocrine Biosciences is a specialized biopharmaceutical company that has become a key player in the neuroscience space, primarily through the success of its treatment for movement disorders, Ingrezza. The company has a stable, high-margin revenue base and a promising late-stage pipeline that offers significant growth potential. However, the business faces risks related to product concentration and the inherent unpredictability of clinical trials and regulatory approvals. Neurocrine may suit growth-oriented investors looking for exposure to specialized medicine, though they must monitor pipeline developments closely. While the company holds a strong position, investors should be aware that valuation and competitive pressures remain constant factors in the biotechnology industry.

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 offers significant top-line expansion potential through pipeline advancement and indication growth.
Momentum investorStrong fit while signal remains positiveMarket adoption of core products and positive clinical data flow often drive favorable stock price momentum.
Value investorMixed fitBiotech valuation is often driven by future pipeline success rather than current earnings multiples.
Dividend investorWeak fitNeurocrine does not pay a dividend as it prioritizes reinvestment for growth.
Low-risk investorWeak fitThe company is subject to the inherent clinical, regulatory, and market risks typical of the biotechnology sector.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighBiotech stocks are highly sensitive to clinical trial outcomes and regulatory news cycles.
Valuation riskMediumMarket expectations for future pipeline successes can lead to premium valuations that adjust quickly on negative news.
Competition risk (Neurology/Endocrine space)Medium / highEstablished competitors with deep pockets can challenge market share through pricing or superior clinical data.
Business qualityMediumWhile the commercial business is strong, long-term stability depends on maintaining an active R&D pipeline.
Dividend incomeLow / noneThere is no income generation for investors seeking dividends.
Execution riskMediumSuccessful commercialization of new products and meeting clinical trial endpoints are critical for future performance.

Price Behavior

Rolling Over
PRICE PATH

Rolling Over

The price momentum is slowing down and beginning to turn downward.

Moderately Choppy
PRICE STABILITY

Moderately Choppy

The stock has experienced noticeable price swings while retaining some directional structure.

Analysis of Past Performance

Type Stock
Historic Profit -9.92%
Avg. Invested days 37
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
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

★★★★★
NBIX receives a 4-star rating, supported by strong unit economics, solid company fundamentals, solid quantitative characteristics, and strong analyst coverage. The rating is constrained by weak price momentum.

Company Fundamentals

★★★★★
NBIX has solid overall fundamentals (4 stars), with solid financial health, solid growth momentum, and solid ownership. In FY2025 versus FY2024, strong earnings growth (+40.2%) and strong cash generation (FCF margin 26.2%) are partially offset by modest insider ownership of 1.06%.

Financial Health Rating

★★★★★
NBIX's financial health is supported by solid liquidity, including working-capital and asset support (WC/assets 38.4%). Overall financial-health metrics support a 4-star score.

Growth Momentum Score

★★★★★
Earnings growth is NBIX's strongest growth driver at +40.2% FY2025 versus FY2024 (strong, 5 stars). Revenue growth (+21.4%, solid) and free-cash-flow growth (+34.4%, solid) are also constructive, though not equally high across every growth measure.

Ownership

★★★★★
Institutional ownership is 102.8% and approximately 98.7% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 1.06% provides only moderate management-shareholder alignment.

Top 5 Institutional Investors

BlackRock Inc 13.17%
Dodge & Cox 5.49%
JPMorgan Chase & Co 5.35%
AQR Capital Management LLC 4.86%
Vanguard Portfolio Management, LLC 4.65%

Unit Economics (Per $1K Revenue)

★★★★★
NBIX generates approximately $982 of gross profit, $216 of operating income, and $262 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: 32.15%

Quantitative Style Profile

★★★★★
NBIX has a high-quality, large-cap, liquid, relatively low-volatility profile. Weak momentum is the primary drawback, while valuation that is moderately attractive rather than deeply discounted.

Style Classification

Quality Focused

Quality TiltLow VolatilityLarge / Mega Cap StabilityShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 14.07B USD
Price to earnings Ratio 20.23
1Y Target Price 208.4
Price to earnings Ratio 20.23
1Y Target Price 208.4
Volume (30-day avg) 1.2M shares
Beta 0.38
52 Weeks Range 122.14 - 186.12
Updated Date 09/27/2026
52 Weeks Range 122.14 - 186.12
Updated Date 09/27/2026
Dividends yield (FY) -
Basic EPS (TTM) 6.84

How Company Makes Money

Business areaWhat it includesRetail investor read
Commercialized Neurology ProductsRevenue primarily from Ingrezza (valbenazine) sales in the U.S.The company's primary source of cash is the sales of its leading drug for movement disorders.
Endocrine/Other PortfolioCollaborations and sales of therapies for endometriosis and uterine fibroids.Secondary revenue streams come from products targeting endocrine health, often managed via partnerships.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

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Valuation

Trailing PE 20.23
Forward PE 14.12
Enterprise Value 14.42B
Price to Sales(TTM) 4.17
Enterprise Value 14.42B
Price to Sales(TTM) 4.17
Enterprise Value to Revenue 4.28
Enterprise Value to EBITDA 15.65
Shares Outstanding 101.65M
Shares Floating 100.37M
Shares Outstanding 101.65M
Shares Floating 100.37M
Percent Insiders 1.06
Percent Institutions 102.75

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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 Neurocrine Biosciences Inc

Exchange NASDAQ
Headquarters San Diego, CA, United States
IPO Launch date 1996-05-23
President, CEO & Director Mr. Kyle W. Gano Ph.D.
Sector Healthcare
Industry Drug Manufacturers - Specialty & Generic
Full time employees 2500
Full time employees 2500

Neurocrine Biosciences, Inc. discovers, develops, and commercialize pharmaceuticals for neurological, psychiatric, endocrine, and immunological disorders in the United States and internationally. The company's products include INGREZZA for tardive dyskinesia and chorea associated with Huntington's disease; Orilissa tablets for endometriosis; Oriahnn capsules to treat uterine fibroids; and CRENESSITY to treat congenital adrenal hyperplasia, as well as offers products under the name of ALKINDI and Efmody. Its product candidates in clinical development includes NBI-1076986 to treat movement disorders; Osavampator for inadequate response to treatment in major depressive disorder; NBI-1117568 for the treatment of schizophrenia and bipolar mania; NBI-1117567 for the treatment of Alzheimer's disease; NBI 921355 for the treatment of epilepsy; NBIP-01435 for the treatment of congenital adrenal hyperplasia; NBIP-2118 for the treatment of obesity and related metabolic diseases; and NBI-1070770 to treat major depressive disorder; and NBI-1117570, NBI-1117567, NBI-1117569, NBI-1140675, and NBI-1065890 for neuropsychiatric and neurological conditions. The company also has license and collaboration agreements with Nxera Pharma UK Limited; Takeda Pharmaceutical Company Limited; Xenon Pharmaceuticals Inc.; Voyager Therapeutics, Inc.; Sanofi S.A.; Tanabe Pharma Corporation; and AbbVie Inc. The company was incorporated in 1992 and is headquartered in San Diego, California.