Aardvark Therapeutics, Inc. Common Stock

Aardvark Therapeutics, Inc. Common Stock

AARD·NASDAQ

$3.81

-4.5%
HealthcareBiotechnology

Aardvark Therapeutics, Inc., a clinical-stage biopharmaceutical company, focuses on developing small-molecule therapeutics to activate innate homeostatic pathways for the treatment of metabolic diseases. Its lead product candidate is the ARD-101, an oral gut-restricted small-molecule agonist of certain targeting bitter taste receptors expressed in the gut lumen that is in Phase III clinical trial for hyperphagia associated with Prader-Willi Syndrome, as well as in Phase II clinical trial for hyperphagia associated with acquired hypothalamic obesity resultant from treatment of craniopharyngioma, including surgery or radiation. It also developing ARD-201, which is in Phase I clinical trial for the treatment of obesity. The company was incorporated in 2017 and is based in San Diego, California.

At a Glance

Live Snapshot
Market Cap$83.12M
EPS-2.9300
P/E Ratio-1.30
Earnings Date08/12/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal · Driver · Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -1.3).

Valuation inputs: P/E -1.3, earnings yield N/A, momentum -4.5%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE -54.0%, ROIC -58.6%).

Profitability stack: net margin 0.0%, ROE -54.0%, ROIC -58.6%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +9.0%, momentum -4.5%, net margin 0.0%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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Aardvark Therapeutics, Inc. Common Stock Market vs Earnings Trajectory

AARD · NASDAQ

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Aardvark Therapeutics, Inc. Common Stock

Aardvark Therapeutics, Inc. Common Stock Fair Value Envelope

AARD · NASDAQ

Our analysis suggests that AARD has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $3.81, this represents a potential HIDDEN relative to our calculated worth for Aardvark Therapeutics, Inc. Common Stock.

Intrinsic Value
Current Price: $3.81
3Y+111.0%
5Y+111.0%
10Y+111.0%

No Revenue Data

AARD has not reported any revenue values in the available annual periods.

3Y+325.0%
5Y+325.0%
10Y+325.0%
3Y+414.0%
5Y+414.0%
10Y+414.0%
3Y+415.0%
5Y+415.0%
10Y+415.0%
3Y+599.0%
5Y+599.0%
10Y+599.0%
Aardvark Therapeutics, Inc. Common Stock

Aardvark Therapeutics, Inc. Common Stock Profit Bridge

AARD · NASDAQ
Revenue0.00
Cost of Goods Sold (36.00K)
Gross Profit-36.00K
Operating Expenses (62.73M)
Operating Income-62.73M
Interest Expense (0.00)
Other Income/Expense5.13M
Pretax Income-57.59M
Income Tax (0.00)
Net Income-57.59M
Net Income
-57.59M

Profitability Analysis

No Gross Profit Margin Data

AARD has not reported any gross profit margin values in the available annual periods.

No Operating Profit Margin Data

AARD has not reported any operating profit margin values in the available annual periods.

No Net Profit Margin Data

AARD has not reported any net profit margin values in the available annual periods.

-54.01%
Return on Equity
-243%
3Y-211.0%
5Y-211.0%
10Y-211.0%
-49.15%
Return on Assets
85%
3Y-39.0%
5Y-39.0%
10Y-39.0%
-58.58%
Return on Invested Capital
87%
3Y-16.0%
5Y-16.0%
10Y-16.0%
AARD

Aardvark Therapeutics, Inc. Common Stock Cash Conversion Engine

AARD · NASDAQ
Net Income-57.59M
Depreciation & Amortization-1.31M
Stock-Based Compensation3.95M
Change in Working Capital356.00K
Others421.00K
Capital Expenditures-95.00K
Free Cash Flow-54.27M

Cash Flow Quality Analysis

FCF Conversion Rate

94.2%

Strong cash conversion. Most reported earnings translate into actual cash flow, suggesting solid fundamentals.

CapEx Intensity

-0.2%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-198.2%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

+$356.00K

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

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Aardvark Therapeutics, Inc. Common Stock Funding & Solvency Profile

AARD · NASDAQ
Cash & Cash Equivalents62.44M
Net Receivables0.00
Inventory0.00
Other Current Assets2.38M
Total Current Assets94 M
Property, Plant & Equipment269.00K
Goodwill & Intangible Assets0.00
Long-Term Investments0.00
Other Non-Current Assets4.74M
Total Non-Current Assets5 M
Total Assets
98.59M

Financial Health Analysis

Current Ratio

8.06x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

0.13x

Conservative capital structure. The company relies primarily on equity financing, indicating low financial risk.

Working Capital

82 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

95% Current

Asset-light business model with high liquidity. Majority of assets are easily convertible to cash.

Financial Health Insight

Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.

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Aardvark Therapeutics, Inc. Common Stock Street Expectations Map

AARD · NASDAQ

Wall Street analysts project that AARD stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 22.75, with estimates ranging from a low of 3.00 to a high of 47.00.

Lowest Target
3.00
-21.26%
Consensus Target
22.75
497.11%
Highest Target
47.00
1133.60%

The consensus 1-year price target stands at 22.75, with estimates ranging from a low of 3.00 to a high of 47.00.

Analyst Consensus Analysis

Upside Potential

+497.1%

Substantial upside potential. Analysts see significant value gap, suggesting the stock may be materially undervalued at current levels.

Analyst Agreement

193.4% spread

High uncertainty. Very wide target spread indicates significant disagreement among analysts—major valuation uncertainty or transformation underway.

Risk-Reward Profile

53.32x

Favorable risk-reward. Potential upside significantly exceeds downside risk, offering asymmetric return profile attractive for risk-tolerant investors.

Analyst Conviction

Low

High uncertainty: Wide dispersion indicates analysts struggle to agree on valuation—proceed with caution and independent analysis.

Market Sentiment Insight

High risk, high reward: Substantial upside potential exists, but wide analyst disagreement signals execution risk or unclear catalysts. Thorough due diligence essential before committing capital.

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Aardvark Therapeutics, Inc. Common Stock Insider Positioning

AARD · NASDAQ

During the last 12 months, insiders have purchased $13.87M and sold $78K worth of AARD shares, resulting in $13.79M of net buying activity.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

10.0K

144.59K

Sold

0

0.00

Net Activity

+145K

+$145K

6-9 Months

Bought

33.8K

276.21K

Sold

1.2K

5.21K

Net Activity

+271K

+$271K

9-12 Months

Bought

1.2M

13.45M

Sold

17.2K

72.97K

Net Activity

+13.4M

+$13.38M

Top Buyers

1
LT

Lee Tien-Li

Director, 10 Percent Owner, Officer: Chief Executive Officer

583.0K shares6 transactions

$6.53M

2
SN

Sun Nelson

Officer: Chief Financial Officer

218.8K shares3 transactions

$2.46M

3
JM

Jaiman Manasi

Officer: Chief Medical Officer

127.0K shares1 transactions

$1.43M

4
JB

Jones Bryan

Officer: Chief Operating Officer

123.3K shares2 transactions

$1.38M

5
TVEJ

Tong Victor Edward Jr

Director

61.0K shares1 transactions

$689K

Top Sellers

1
LT

Lee Tien-Li

Director, 10 Percent Owner, Officer: Chief Executive Officer

18.4K shares2 transactions

$78K

Insider Activity Analysis

Net Insider Sentiment

Bullish

Strong bullish signal with $13.79M net buying. Insiders are aggressively accumulating shares, suggesting significant confidence in future prospects.

Buy/Sell Ratio

177.45:1

Exceptional buy/sell ratio. Buying dramatically outweighs selling—one of the strongest possible insider signals.

Insider Participation

High Buying

5 insider buyers vs. 1 sellers. Broad-based buying across management team suggests widespread confidence.

Insider Activity Insight

Compelling insider conviction: The combination of strong buy/sell ratio and multiple buyers suggests insiders see attractive risk/reward. Consider this alongside fundamental analysis for confirmation.

No Dividend Yield Data

AARD has not reported any dividend yield values in the available annual periods.

 

aard Dividend History

AARD
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%