NRx Pharmaceuticals, Inc.

NRx Pharmaceuticals, Inc.

NRXP·NASDAQ

$4.05

-12%
HealthcareBiotechnology

NRX Pharmaceuticals, Inc., a clinical-stage pharmaceutical company, develops novel therapeutics for the treatment of central nervous system disorders and life-threatening pulmonary diseases. Its products include ZYESAMI, an investigational drug that has completed a Phase IIb/III clinical study for COVID-19 related respiratory failure; and NRX-100 and NRX-101 oral therapeutics for the treatment of bipolar depression in patients with acute suicidal behavior/ideation and sub-acute suicidal ideation and behavior. The company was founded in 2015 and is based in Wilmington, Delaware.

At a Glance

Live Snapshot
Market Cap$70.01M
EPS-1.3400
P/E Ratio-3.02
Earnings Date08/17/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal · Driver · Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -3.0).

Valuation inputs: P/E -3.0, earnings yield N/A, momentum -12.3%.

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

Driver

High confidence

Return profile is soft (ROE +1.8%, ROIC +1.1%).

Profitability stack: net margin -23.4%, ROE +1.8%, ROIC +1.1%.

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

Risk

High confidence

Downside profile is elevated and scenario stress-testing is essential.

Risk factors: liabilities/assets +223.0%, momentum -12.3%, net margin -23.4%.

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

nrxp

NRx Pharmaceuticals, Inc. Market vs Earnings Trajectory

NRXP · NASDAQ

Loading price and EPS data...

NRx Pharmaceuticals, Inc.

NRx Pharmaceuticals, Inc. Fair Value Envelope

NRXP · NASDAQ

Our analysis suggests that NRXP has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $4.05, this represents a potential HIDDEN relative to our calculated worth for NRx Pharmaceuticals, Inc..

Intrinsic Value
Current Price: $4.05
3Y+123.0%
5Y-11.0%
10Y+1017.0%
3Y-
5Y-
10Y-
3Y-28.0%
5Y-45.0%
10Y+27159.0%
3Y-65.0%
5Y+523.0%
10Y+10291.0%
3Y-65.0%
5Y+522.0%
10Y+10291.0%
3Y-50.0%
5Y+341.0%
10Y-81.0%
NRx Pharmaceuticals, Inc.

NRx Pharmaceuticals, Inc. Profit Bridge

NRXP · NASDAQ
Revenue1.23M
Cost of Goods Sold (648.00K)
Gross Profit577.00K
Operating Expenses (16.77M)
Operating Income-16.22M
Interest Expense (671.00K)
Other Income/Expense-12.40M
Pretax Income-28.62M
Income Tax (0.00)
Net Income-28.62M
Net Income
-28.62M

Profitability Analysis

Gross Margin

47.1%

Strong gross margins indicate healthy pricing and efficient production or service delivery.

Operating Margin

-1324.4%

Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.

Net Profit Margin

-2336.5%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

Profitability Insight

Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.

47.10%
Gross Profit Margin
3Y-
5Y-
10Y-
-1324.41%
Operating Profit Margin
3Y-
5Y-
10Y-
-2336.49%
Net Profit Margin
3Y-
5Y-
10Y-
179.59%
Return on Equity
66%
3Y-133.0%
5Y+52.0%
10Y-118958.0%
-220.92%
Return on Assets
-68%
3Y+43.0%
5Y-87.0%
10Y+146300.0%
106.00%
Return on Invested Capital
-10%
3Y-143.0%
5Y+1505.0%
10Y-
NRXP

NRx Pharmaceuticals, Inc. Cash Conversion Engine

NRXP · NASDAQ
Net Income-28.62M
Depreciation & Amortization143.00K
Stock-Based Compensation228.00K
Change in Working Capital1.41M
Others12.73M
Capital Expenditures0.00
Free Cash Flow-14.11M

Cash Flow Quality Analysis

FCF Conversion Rate

49.3%

Weak cash conversion. Significant portion of earnings not converting to cash—review working capital trends and capital intensity.

FCF Growth Trend

-32.7%

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

Working Capital Impact

+$1.41M

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

Cash Flow Quality Insight

Deteriorating cash generation: Both declining FCF and weak conversion rate signal fundamental challenges. Investigate margin pressure, rising costs, or working capital issues.

nrxp

NRx Pharmaceuticals, Inc. Funding & Solvency Profile

NRXP · NASDAQ
Cash & Cash Equivalents6.71M
Net Receivables181.00K
Inventory0.00
Other Current Assets467.00K
Total Current Assets7 M
Property, Plant & Equipment936.00K
Goodwill & Intangible Assets2.67M
Long-Term Investments399.00K
Other Non-Current Assets535.00K
Total Non-Current Assets2 M
Total Assets
11.90M

Financial Health Analysis

Current Ratio

0.29x

Warning: Liquidity concerns. Current assets may not be sufficient to cover short-term obligations.

Working Capital

-17815000

Negative working capital indicates short-term liabilities exceed short-term assets—potential liquidity stress.

Asset Composition

62% Current

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

nrxp

NRx Pharmaceuticals, Inc. Street Expectations Map

NRXP · NASDAQ

Wall Street analysts project that NRXP stock may decline over the coming 12 months. The consensus 1-year price target stands at 2.00, with estimates ranging from a low of 2.00 to a high of 2.00.

Lowest Target
2.00
-50.62%
Consensus Target
2.00
-50.62%
Highest Target
2.00
-50.62%

The consensus 1-year price target stands at 2.00, with estimates ranging from a low of 2.00 to a high of 2.00.

Analyst Consensus Analysis

Upside Potential

-50.6%

Significant downside risk. Stock trading well above analyst consensus suggests elevated valuation concerns and potential correction.

Analyst Agreement

0.0% spread

High analyst agreement. Narrow target range indicates strong consensus on valuation, suggesting clear investment thesis and predictable outlook.

Risk-Reward Profile

1.00x

Balanced risk-reward. Upside and downside potential relatively symmetric. Suitable for moderate risk tolerance with conviction in thesis.

Analyst Conviction

Low

Bearish or uncertain outlook. Limited upside or poor consensus suggests challenges ahead or fundamental concerns.

Market Sentiment Insight

Consensus overvaluation: Analysts agree the stock is richly valued with limited upside. Consider booking profits or defensive positioning unless you have contrarian conviction in unrecognized catalysts.

nrxp

NRx Pharmaceuticals, Inc. Insider Positioning

NRXP · NASDAQ

During the last 12 months, there has been no insider trading activity reported for NRXP.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

No buying activity

Top Sellers

No selling activity

Insider Activity Analysis

Net Insider Sentiment

Neutral

No insider trading activity reported. This could indicate blackout periods, lack of conviction, or regulatory restrictions.

Insider Participation

No Activity

No insider trading activity reported from any insiders in the past year.

0.00%
Dividend Yield
3Y-
5Y-
10Y-
 

nrxp Dividend History

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