Pyxis Oncology Inc(PYXS)

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EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL
4-STAR RATING
PASS
LAST CLOSE
$2.03
10/09/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for methodology, assumptions, and limitations.

Upturn Advisory & Investor View for PYXS

10/09/2026: PYXS (4-star) is currently NOT-A-BUY. Pass it for now.

Pyxis Oncology is a clinical-stage biotechnology company focused on developing next-generation antibody-drug conjugates and immunotherapies to address difficult-to-treat solid tumors. Its primary strength lies in its specialized platform and promising pipeline of drug candidates. The main growth story involves the successful progression of key assets through clinical trials toward potential regulatory approval. However, investors face substantial risks, including a lack of commercial revenue, significant cash burn, and the inherent uncertainty of biotechnology development. The stock is best suited for growth-oriented investors with a high risk tolerance who are willing to monitor clinical data milestones closely.

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 high-risk, high-reward potential based on clinical trial outcomes.
Momentum investorMixed fitThis style is conditional on positive clinical data or market uptake signals.
Value investorWeak fitThe lack of earnings and revenue makes traditional value metrics inapplicable.
Dividend investorWeak fitThe company does not pay dividends as it reinvests all capital into R&D.
Low-risk investorWeak fitBiotech clinical-stage stocks are inherently volatile and high-risk.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighClinical results often cause massive, rapid swings in share price.
Valuation riskHighValuations are speculative and tied to future, uncertain cash flows.
Competition risk (Oncology)HighLarge incumbents have massive R&D budgets that can crowd out smaller players.
Business qualityMediumThe company has a focused science-led mission but lacks a commercial engine.
Dividend incomeLow / noneThere is no income component to this investment.
Execution riskHighFailure at any clinical trial stage can result in significant loss of value.

Price Behavior

Strong Uptrend
PRICE PATH

Strong Uptrend

The stock has maintained a strong upward price trend across the last three quarters.

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 318.61%
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 5.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 10/09/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
PYXS receives a 3-star rating, supported by solid analyst coverage. The rating is constrained by weak unit economics, soft quantitative characteristics, and weak price momentum.

Company Fundamentals

★★★★★
PYXS has moderate overall fundamentals (3 stars), with moderate financial health, moderate growth momentum, and moderate ownership. In FY2025 versus FY2024, growth and ownership metrics are mixed: slightly negative earnings growth (-3.0%), weak cash generation (FCF margin -458.3%), negative revenue growth (-14.2%).

Financial Health Rating

★★★★★
PYXS's financial health is supported by moderate liquidity, including working-capital and asset support (WC/assets 55.7%). Cash strength is soft (2 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
PYXS's growth profile is soft, with the least-weak measure being earnings growth at -3.0% FY2025 versus FY2024. By comparison, while revenue growth (-14.2%, negative) and free-cash-flow growth (-9.7%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 39.5% (moderate) and 45.8% of outstanding shares are publicly tradable (moderate). Insider ownership of 9.47% supports management-shareholder alignment.

Top 5 Institutional Investors

GordonMD Global Investments LP 15.99%
Pfizer Inc 11.22%
LAURION CAPITAL MANAGEMENT LP 7.82%
Vanguard Capital Management, LLC 3.31%
Atle Fund Management AB 1.54%

Unit Economics (Per $1K Revenue)

★★★★★
PYXS generates approximately $828 of gross profit, $-6,092 of operating income, and $-4,583 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: -1.77% (Tax Credit)

Quantitative Style Profile

★★★★★
PYXS has a High Volatility Profile profile. Weak momentum is the primary drawback, while valuation that is moderately attractive rather than deeply discounted.

Style Classification

Quality Focused

High VolatilitySmall / Mid Cap RiskShort Squeeze Risk

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 242.50M USD
Price to earnings Ratio -
1Y Target Price 8.67
Price to earnings Ratio -
1Y Target Price 8.67
Volume (30-day avg) 1.3M shares
Beta 1.38
52 Weeks Range 1.03 - 5.55
Updated Date 10/11/2026
52 Weeks Range 1.03 - 5.55
Updated Date 10/11/2026
Dividends yield (FY) -
Basic EPS (TTM) -1.4

How Company Makes Money

Business areaWhat it includesRetail investor read
Biotechnology R&DClinical trial development of ADC and immuno-oncology therapies.The company burns cash to create new cancer drugs and hopes for a big payout from successful trial results.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

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Valuation

Trailing PE -
Forward PE -
Enterprise Value 264.67M
Price to Sales(TTM) 21.97
Enterprise Value 264.67M
Price to Sales(TTM) 21.97
Enterprise Value to Revenue 23.94
Enterprise Value to EBITDA 1.09
Shares Outstanding 119.46M
Shares Floating 54.70M
Shares Outstanding 119.46M
Shares Floating 54.70M
Percent Insiders 9.47
Percent Institutions 39.54

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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