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Upturn AI Summary - About
Pulse Biosciences Inc(PLSE)
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 PLSE
10/26/2026: PLSE (1-star) is currently NOT-A-BUY. Pass it for now.
Pulse Biosciences is an emerging medical technology company known for developing its proprietary Nano-Pulse Stimulation (NPS) platform, which targets both dermatological and cardiac applications. The company’s core strength lies in its innovative, tissue-sparing technology that has shown clinical potential. Its primary growth story centers on expanding into the large cardiac ablation market, offering a potentially disruptive alternative to existing treatments. However, as an early-stage firm, it faces significant execution and competition risks from well-capitalized medical device incumbents, alongside historical financial losses. This stock may suit growth-oriented investors with high risk tolerance; stakeholders should closely monitor regulatory approvals and clinical trial data for the PFA system.
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 offers high-growth potential via its disruptive technology, but lacks the established revenue growth of mature firms. |
| Momentum investor | Strong fit while signal remains positive | Investors may find interest during phases of favorable clinical data or regulatory progress. |
| Value investor | Weak fit | The company is not currently profitable and does not fit traditional value metrics. |
| Dividend investor | Weak fit | Pulse Biosciences does not pay a dividend. |
| Low-risk investor | Weak fit | The stock carries significant operational and market risk associated with early-stage biotech/medtech. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | The stock is subject to sharp price fluctuations based on news flow, clinical milestones, and financing updates. |
| Valuation risk | High | Valuation is based on speculative future success rather than current earnings, making it sensitive to market sentiment. |
| Competition risk (Large-cap medtech) | High | The company faces entrenched competitors with far greater financial and distribution resources. |
| Business quality | Medium | While the technology is innovative, the company is still building the necessary infrastructure for sustained commercial success. |
| Dividend income | Low / none | There is no income component to the investment. |
| Execution risk | High | Successful commercialization of its new catheter systems is critical for future viability. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Extreme Price Shocks
The stock has experienced exceptionally large and disruptive price movements during the period.
Analysis of Past Performance
Type Stock | Historic Profit -26.3% | Avg. Invested days 22 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/26/2026 |
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 Mid-Cap Stock | Market Capitalization 3.78B USD | Price to earnings Ratio - | 1Y Target Price 62.33 |
Price to earnings Ratio - | 1Y Target Price 62.33 | ||
Volume (30-day avg) 476.0K shares | Beta 1.57 | 52 Weeks Range 12.56 - 58.90 | Updated Date 10/25/2026 |
52 Weeks Range 12.56 - 58.90 | Updated Date 10/25/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -1.18 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| CellFX System Sales | Direct sales and leasing of the CellFX unit and associated proprietary procedure tips. | Revenue is primarily driven by capital equipment sales and recurring revenue from disposable tips used in skin procedures. |
| Cardiac/Future R&D | Investment in PFA catheter technology systems for cardiac health. | This is a future-oriented segment that does not yet contribute materially to revenue but is the primary catalyst for long-term growth. |
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 - | Enterprise Value 1.18B | Price to Sales(TTM) 3191.16 |
Enterprise Value 1.18B | Price to Sales(TTM) 3191.16 | ||
Enterprise Value to Revenue 3043.71 | Enterprise Value to EBITDA -1.81 | Shares Outstanding 71.32M | Shares Floating 20.65M |
Shares Outstanding 71.32M | Shares Floating 20.65M | ||
Percent Insiders 71.05 | Percent Institutions 15.32 |
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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