Tiziana Life Sciences Ltd logo

Tiziana Life Sciences Ltd(TLSA)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$0.98
09/28/2026
(24-hour delay)

Advisory History & Simulated Performance *

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

09/28/2026: TLSA (1-star) is currently NOT-A-BUY. Pass it for now.

Tiziana Life Sciences is a clinical-stage biotechnology company focused on developing intranasal immunotherapies, specifically its lead asset foralumab, for neurodegenerative and autoimmune diseases. Its primary strength lies in its innovative drug delivery platform and a focused pipeline aimed at high-need medical areas. The company's investment story centers on the potential for its clinical trials to produce positive data that could lead to lucrative licensing agreements. However, it faces significant risks, including the lack of commercialized products, high cash burn, and intense competition from well-capitalized pharmaceutical giants. This stock is best suited for speculative investors comfortable with the high-risk, high-reward nature of early-stage biotech, with a focus on monitoring future clinical trial updates.

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 exposure to biotech innovation but lacks revenue growth.
Momentum investorMixed fitMomentum depends on clinical trial news and binary event catalysts.
Value investorWeak fitLack of earnings and commercial products makes traditional value assessment inapplicable.
Dividend investorWeak fitThe company is a clinical-stage entity that does not pay dividends.
Low-risk investorWeak fitHigh volatility and the risk of clinical failure make this unsuitable for low-risk portfolios.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighBiotech stocks are highly sensitive to clinical trial outcomes and financing news.
Valuation riskMedium / highValuation is speculative and based on the potential success of future clinical data.
Competition risk (Major pharmaceutical incumbents)HighThe company competes against firms with far greater R&D and commercial resources.
Business qualityMediumWhile the platform is novel, the company is still in the experimental development phase.
Dividend incomeLow / noneNo dividends are paid to shareholders.
Execution riskHighFailure to achieve clinical endpoints or secure regulatory approval would severely impact the business.

Price Behavior

Steep Decline
PRICE PATH

Steep Decline

The stock price has dropped sharply with strong downward pressure.

Highly Choppy
PRICE STABILITY

Highly Choppy

The stock has experienced frequent, large price swings that make its near-term movement less predictable.

Analysis of Past Performance

Type Stock
Historic Profit -13.42%
Avg. Invested days 28
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 09/28/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
TLSA receives a 2-star rating, reflecting soft or weak scores across the available pillars. The rating is constrained by weak unit economics, soft company fundamentals, and weak price momentum.

Company Fundamentals

★★★★★
TLSA has soft overall fundamentals (2 stars), with moderate financial health, soft growth momentum, and moderate ownership. In FY2025 versus FY2024, growth and ownership metrics are mixed: negative earnings growth (-55.4%), soft cash generation (FCF margin 0.0%), slightly negative revenue growth (+0.0%).

Financial Health Rating

★★★★★
TLSA's financial health is supported by strong efficiency, including operating-expense and cost-of-revenue discipline (opex 0.0% of revenue). Profitability is weak (1 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
TLSA's growth profile is soft, with the least-weak measure being revenue growth at +0.0% FY2025 versus FY2024. By comparison, while earnings growth (-55.4%, negative) and free-cash-flow growth (-942.3%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 1.9% (soft) and 48.6% of outstanding shares are publicly tradable (moderate). Insider ownership of 47.65% supports management-shareholder alignment.

Top 5 Institutional Investors

Dauntless Investment Group, LLC 1.70%
Mid-American Wealth Advisory Group, Inc. 0.25%
Marshall Wace Asset Management Ltd 0.12%
Zhang Financial LLC 0.10%
UBS Group AG 0.08%

Unit Economics (Per $1K Revenue)

★★★★★
TLSA generates approximately $-0 of gross profit, $-0 of operating income, and $-0 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Weak margins explain the 1-star rating, with weak cash conversion and strong capital efficiency.

Economic Dimensions

★★★★★
Effective Tax Rate: 0.00%

Quantitative Style Profile

★★★★★
TLSA has a relatively low-volatility profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Low VolatilitySmall / Mid Cap Risk

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 124.78M USD
Price to earnings Ratio -
1Y Target Price 7.97
Price to earnings Ratio -
1Y Target Price 7.97
Volume (30-day avg) 775.3K shares
Beta 0.45
52 Weeks Range 0.76 - 2.33
Updated Date 09/28/2026
52 Weeks Range 0.76 - 2.33
Updated Date 09/28/2026
Dividends yield (FY) -
Basic EPS (TTM) -0.16

How Company Makes Money

Business areaWhat it includesRetail investor read
Research & DevelopmentClinical trial development for foralumab.The company does not currently generate significant revenue and relies on equity capital to fund R&D.
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Valuation

Trailing PE -
Forward PE -
Enterprise Value 130.07M
Price to Sales(TTM) -
Enterprise Value 130.07M
Price to Sales(TTM) -
Enterprise Value to Revenue -
Enterprise Value to EBITDA -5.98
Shares Outstanding 127.26M
Shares Floating 61.89M
Shares Outstanding 127.26M
Shares Floating 61.89M
Percent Insiders 47.65
Percent Institutions 1.94

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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 Tiziana Life Sciences Ltd

Exchange NASDAQ
Headquarters -
IPO Launch date 2000-03-24
CEO & Executive Director Dr. Ivor R. Elrifi Ph.D.
Sector Healthcare
Industry Biotechnology
Full time employees 10
Full time employees 10

Tiziana Life Sciences Ltd, together with its subsidiaries, engages in the research and development of therapies for neurodegenerative and neuroinflammatory diseases in the United Kingdom and internationally. It develops Foralumab TZLS-401, a human anti-CD3 monoclonal antibody, which is Phase II clinical trial for the treatment of non-active secondary progressive multiple sclerosis, Alzheimer's disease, multi system atrophy, and amyotrophic lateral sclerosis; and TZLS-501, a human anti-IL-6R monoclonal antibody for the treatment of autoimmune and inflammatory diseases. The company is headquartered in London, the United Kingdom.