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Cartesian Therapeutics Inc.(RNAC)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$8.03
09/18/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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  • 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

Advisory Performance History (Simulated)Advisory Performance History info

Upturn Advisory & Investor View for RNAC

09/18/2026: RNAC (1-star) is currently NOT-A-BUY. Pass it for now.

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.

Price Behavior

Rolling Over
PRICE PATH

Rolling Over

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

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 -75.76%
Avg. Invested days 17
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 09/18/2026

Upturn Scorecard

Upturn Star Rating

RNAC receives a 3-star rating, supported by solid analyst coverage. The rating is constrained by soft unit economics, soft company fundamentals, and soft quantitative characteristics.

Company Fundamentals

RNAC has soft overall fundamentals (2 stars), with moderate financial health, weak growth momentum, and solid ownership. In FY2025 versus FY2024, growth and ownership metrics are mixed: negative earnings growth (-68.3%), soft cash generation (FCF margin -2838.6%), negative revenue growth (-92.8%).

Financial Health Rating

RNAC's financial health is supported by moderate efficiency, including operating-expense and cost-of-revenue discipline (opex 3199.9% of revenue). Cash strength is soft (2 stars), which helps explain the 3-star overall score.

Growth Momentum Score

RNAC's growth profile is soft, with the least-weak measure being earnings growth at -68.3% FY2025 versus FY2024. By comparison, while revenue growth (-92.8%, negative) and free-cash-flow growth (-142.3%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

Institutional ownership is 29.5% and approximately 38.0% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 52.13% supports management-shareholder alignment.

Top 5 Institutional Investors

Squarepoint Ops LLC 7.40%
FMR Inc 2.64%
BlackRock Inc 1.98%
Vanguard Capital Management, LLC 1.35%
683 Capital Management LLC 1.09%

Unit Economics (Per $1K Revenue)

RNAC generates approximately $1,000 of gross profit, $-30,999 of operating income, and $-28,386 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong margins, cash conversion, and capital efficiency support the rating.

Economic Dimensions

Effective Tax Rate: 6.59%

Quantitative Style Profile

RNAC has a relatively low-volatility profile. Weak momentum is the primary drawback, while valuation that is moderately attractive rather than deeply discounted.

Style Classification

Quality Focused

Low VolatilitySmall / Mid Cap RiskShort Squeeze Risk

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 242.95M USD
Price to earnings Ratio -
1Y Target Price 33.67
Price to earnings Ratio -
1Y Target Price 33.67
Volume (30-day avg) 117.2K shares
Beta 0.62
52 Weeks Range 5.60 - 11.00
Updated Date 09/19/2026
52 Weeks Range 5.60 - 11.00
Updated Date 09/19/2026
Dividends yield (FY) -
Basic EPS (TTM) -5.78

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

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Valuation

Trailing PE -
Forward PE 25.06
Enterprise Value 159.20M
Price to Sales(TTM) 164.49
Enterprise Value 159.20M
Price to Sales(TTM) 164.49
Enterprise Value to Revenue 107.78
Enterprise Value to EBITDA 1.77
Shares Outstanding 30.26M
Shares Floating 11.49M
Shares Outstanding 30.26M
Shares Floating 11.49M
Percent Insiders 52.13
Percent Institutions 29.45

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 Cartesian Therapeutics Inc.

Exchange NASDAQ
Headquarters Frederick, MD, United States
IPO Launch date 2016-06-22
President, CEO & Chairman of the Board Dr. Carsten Brunn Ph.D.
Sector Healthcare
Industry Biotechnology
Full time employees 75
Full time employees 75

Cartesian Therapeutics, Inc., a clinical-stage biotechnology company, provides mRNA cell therapies for the treatment of autoimmune diseases. The company's lead product candidate is Descartes-08, an autologous mRNA chimeric antigen receptor T-cell cell therapy (CAR-T) directed against the B cell maturation antigen (BCMA), which is in Phase 2b clinical trials for the treatment of autoimmune diseases, generalized myasthenia gravis, and systemic lupus erythematosus, as well as rare pediatric disease designation for the treatment of juvenile dermatomyositis. It is also developing Descartes-15, which is in phase 1 trials, an autologous autologous B cell maturation antigen (BCMA) directed mRNA CAR-T to treat patients with multiple myeloma. The company is headquartered in Frederick, Maryland.