Cognition Therapeutics, Inc.

Cognition Therapeutics, Inc.

CGTXยทNASDAQ

$1.42

+14%
HealthcareBiotechnology

Cognition Therapeutics, Inc., a clinical-stage biopharmaceutical company, engages in the discovery and development of small molecule therapeutics targeting age-related degenerative diseases and disorders of the central nervous system and retina. Its lead product candidate is CT1812, a sigma-2 receptor antagonist, which is in Phase II clinical trial for the treatment of mild-to-moderate Alzheimer's disease, as well as has completed Phase I clinical trial to treat early-stage Alzheimer's disease; in Phase II clinical trial for the treatment of dementia with Lewy bodies (DLB); and in preclinical trial to treat dry age-related macular degeneration (AMD). The company is also developing CT2168 for the treatment of synucleinopathies, which include DLB and Parkinson's disease; and CT2074 to treat dry AMD. Cognition Therapeutics, Inc. was incorporated in 2007 and is headquartered in Purchase, New York.

At a Glance

Live Snapshot
Market Cap$104.49M
EPS-0.3200
P/E Ratio-4.44
Earnings Date08/06/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -4.4).

Valuation inputs: P/E -4.4, earnings yield N/A, momentum +13.6%.

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

Driver

High confidence

Return profile is soft (ROE -68.5%, ROIC -1.4%).

Profitability stack: net margin 0.0%, ROE -68.5%, ROIC -1.4%.

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 +29.2%, momentum +13.6%, net margin 0.0%.

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

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Cognition Therapeutics, Inc. Market vs Earnings Trajectory

CGTX ยท NASDAQ

Loading price and EPS data...

Cognition Therapeutics, Inc.

Cognition Therapeutics, Inc. Fair Value Envelope

CGTX ยท NASDAQ

Our analysis suggests that CGTX has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $1.42, this represents a potential HIDDEN relative to our calculated worth for Cognition Therapeutics, Inc..

Intrinsic Value
Current Price: $1.42
3Y-57.0%
5Y-42.0%
10Y-

No Revenue Data

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

3Y-3203.0%
5Y+133.0%
10Y+238.0%
3Y+33.0%
5Y+616.0%
10Y+694.0%
3Y+31.0%
5Y+614.0%
10Y+658.0%
3Y-4.0%
5Y+580.0%
10Y+549.0%
Cognition Therapeutics, Inc.

Cognition Therapeutics, Inc. Profit Bridge

CGTX ยท NASDAQ
Revenue0.00
Cost of Goods Sold (228.00K)
Gross Profit-228.00K
Operating Expenses (47.80M)
Operating Income-47.80M
Interest Expense (13.00K)
Other Income/Expense24.31M
Pretax Income-23.49M
Income Tax (0.00)
Net Income-23.49M
Net Income
-23.49M

Profitability Analysis

No Gross Profit Margin Data

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

No Operating Profit Margin Data

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

No Net Profit Margin Data

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

-68.53%
Return on Equity
-62%
3Y-3744.0%
5Y-564.0%
10Y-676.0%
-48.54%
Return on Assets
-57%
3Y-3333.0%
5Y-66.0%
10Y-48.0%
-136.92%
Return on Invested Capital
-50%
3Y-3958.0%
5Y-70.0%
10Y-71.0%
CGTX

Cognition Therapeutics, Inc. Cash Conversion Engine

CGTX ยท NASDAQ
Net Income-23.49M
Depreciation & Amortization228.00K
Stock-Based Compensation2.09M
Change in Working Capital-3.46M
Others41.00K
Capital Expenditures0.00
Free Cash Flow-24.59M

Cash Flow Quality Analysis

FCF Conversion Rate

104.7%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

FCF Growth Trend

+13.7%

Steady FCF growth indicates consistent cash generation improvement. On a positive trajectory.

Working Capital Impact

-$3.46M

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Exceptional cash generation: High-quality earnings converting to growing free cash flow. The company demonstrates strong pricing power, efficient operations, and disciplined capital allocation.

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Cognition Therapeutics, Inc. Funding & Solvency Profile

CGTX ยท NASDAQ
Cash & Cash Equivalents31.13M
Net Receivables0.00
Inventory0.00
Other Current Assets4.68M
Total Current Assets36 M
Property, Plant & Equipment326.00K
Goodwill & Intangible Assets0.00
Long-Term Investments0.00
Other Non-Current Assets0.00
Total Non-Current Assets326 K
Total Assets
36.14M

Financial Health Analysis

Current Ratio

5.92x

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

Debt-to-Equity Ratio

0.21x

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

Working Capital

30 M

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

Asset Composition

99% 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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Cognition Therapeutics, Inc. Street Expectations Map

CGTX ยท NASDAQ

No Target Data

No analyst price targets available for cgtx.

cgtx

Cognition Therapeutics, Inc. Insider Positioning

CGTX ยท NASDAQ

During the last 12 months, insiders have purchased $32K and sold $42K worth of CGTX shares, resulting in $10K of net selling activity.

3 Months

Bought

29.2K

32.49K

Sold

0

0.00

Net Activity

+32K

+$32K

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

7.7K

6.49K

Net Activity

-6K

-$6K

9-12 Months

Bought

0

0.00

Sold

53.0K

35.55K

Net Activity

-36K

-$36K

Top Buyers

1
DJB

Doyle John Brendan

Officer: Chief Financial Officer

10.0K sharesโ€ข1 transactions

$11K

2
CA

Caggiano Anthony

Officer: Chief Medical Officer

10.0K sharesโ€ข1 transactions

$11K

3
RL

Ricciardi Lisa

Director, Officer: Ceo & President

9.2K sharesโ€ข1 transactions

$10K

Top Sellers

1
RL

Ricciardi Lisa

Director, Officer: Ceo & President

23.4K sharesโ€ข1 transactions

$16K

2
CA

Caggiano Anthony

Officer: Chief Medical Officer

20.3K sharesโ€ข1 transactions

$14K

3
FAG

Fletcher Aaron G.L.

Director, 10 Percent Owner:

7.7K sharesโ€ข1 transactions

$6K

4
DJB

Doyle John Brendan

Officer: Chief Financial Officer

9.4K sharesโ€ข1 transactions

$6K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Slightly bearish with $10K net selling. Selling modestly exceeds buying, which could be routine diversification rather than concern.

Buy/Sell Ratio

0.77:1

Moderately negative ratio. Selling is roughly double the buying, which may be routine or signal caution.

Recent Trend (3 Months)

$32K

Very strong recent buying momentum. Recent insider purchases significantly outpace sales, suggesting near-term optimism.

Insider Participation

Moderate Selling

4 insider sellers vs. 3 buyers. More insiders selling than buying suggests cautious or negative sentiment.

No Dividend Yield Data

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

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cgtx Dividend History

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