Healthcare -
Biotechnology - NASDAQ - US
$ 0.391
0.128 %
$ 24.3 M
Market Cap
-0.38
P/E
1. INTRINSIC VALUE
Balance Sheet
Passage Bio, Inc.
| Current Assets | 78.8 M |
| Cash & Short-Term Investments | 76.8 M |
| Receivables | 0 |
| Other Current Assets | 2.06 M |
| Non-Current Assets | 23.6 M |
| Long-Term Investments | 0 |
| PP&E | 23.1 M |
| Other Non-Current Assets | 463 K |
| Current Liabilities | 19.4 M |
| Accounts Payable | 742 K |
| Short-Term Debt | 3.69 M |
| Other Current Liabilities | 14.9 M |
| Non-Current Liabilities | 21.8 M |
| Long-Term Debt | 21.8 M |
| Other Non-Current Liabilities | 0 |
EFFICIENCY
Earnings Waterfall
Passage Bio, Inc.
| Revenue | 0 |
| Cost Of Revenue | 3.08 M |
| Gross Profit | -3.08 M |
| Operating Expenses | 65.2 M |
| Operating Income | -70.4 M |
| Other Expenses | -5.63 M |
| Net Income | -64.8 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Passage Bio, Inc.
| Net Income | -64.8 M |
| Depreciation & Amortization | 3.08 M |
| Capital Expenditures | -34 K |
| Stock-Based Compensation | 5.82 M |
| Change in Working Capital | 4.2 M |
| Others | 8.47 M |
| Free Cash Flow | -48 M |
Wall Street Analysts Price Targets
Passage Bio, Inc.
PASG has no price targets from Wall Street.
4. DIVIDEND
ANALYSIS
PASG does not distribute dividends.
5. COMPETITION
6. Ownership
Insider Ownership
Passage Bio, Inc.
Sold
0-3 MONTHS
128 K USD 1
3-6 MONTHS
247 K USD 2
6-9 MONTHS
268 K USD 1
9-12 MONTHS
175 K USD 1
Bought
0 USD 0
0-3 MONTHS
241 K USD 1
3-6 MONTHS
285 K USD 1
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Squarepoint Ops LLC Has $36,000 Stake in Passage Bio, Inc. (NASDAQ:PASG)
Squarepoint Ops LLC grew its holdings in shares of Passage Bio, Inc. (NASDAQ:PASG – Free Report) by 129.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 64,099 shares of the company’s stock after acquiring an additional 36,172 shares during the quarter. Squarepoint Ops LLC owned 0.10% of Passage Bio worth $36,000 at the end of the most recent quarter. Other institutional investors and hedge funds also recently made changes to their positions in the company. Tower Research Capital LLC TRC increased its stake in shares of Passage Bio by 983.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 54,479 shares of the company’s stock valued at $31,000 after buying an additional 49,449 shares during the period. Northern Trust Corp increased its stake in shares of Passage Bio by 55.1% in the fourth quarter. Northern Trust Corp now owns 62,476 shares of the company’s stock valued at $35,000 after buying an additional 22,195 shares during the period. Jane Street Group LLC increased its stake in shares of Passage Bio by 537.2% in the fourth quarter. Jane Street Group LLC now owns 78,190 shares of the company’s stock valued at $44,000 after buying an additional 65,919 shares during the period. Shay Capital LLC increased its stake in shares of Passage Bio by 144.2% in the fourth quarter. Shay Capital LLC now owns 225,261 shares of the company’s stock valued at $128,000 after buying an additional 133,005 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Passage Bio by 4.3% in the fourth quarter. Geode Capital Management LLC now owns 531,565 shares of the company’s stock valued at $302,000 after buying an additional 22,049 shares during the period. Institutional investors and hedge funds own 53.48% of the company’s stock. Passage Bio Price Performance Shares of Passage Bio stock opened at $0.48 on Wednesday. Passage Bio, Inc. has a 1 year low of $0.26 and a 1 year high of $1.33. The firm has a market cap of $29.80 million, a PE ratio of -0.41 and a beta of 1.71. The stock has a fifty day moving average price of $0.36 and a 200-day moving average price of $0.51. Passage Bio (NASDAQ:PASG – Get Free Report) last announced its earnings results on Tuesday, May 13th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.01). As a group, equities analysts anticipate that Passage Bio, Inc. will post -1.03 EPS for the current fiscal year. Insiders Place Their Bets In other news, major shareholder Orbimed Advisors Llc sold 77,090 shares of Passage Bio stock in a transaction dated Thursday, April 17th. The stock was sold at an average price of $0.33, for a total transaction of $25,439.70. Following the completion of the sale, the insider now owns 6,885,572 shares in the company, valued at approximately $2,272,238.76. This trade represents a 1.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold a total of 233,660 shares of company stock worth $77,723 in the last quarter. 5.00% of the stock is owned by company insiders. Analyst Upgrades and Downgrades Separately, Chardan Capital reduced their target price on Passage Bio from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. View Our Latest Analysis on PASG Passage Bio Company Profile (Free Report) Passage Bio, Inc, a genetic medicines company, develops gene therapies for central nervous system diseases. It develops PBGM01, a functional GLB1 gene encoding ß-galactosidase for infantile GM1; PBFT02, a functional granulin (GRN) and gene encoding progranulin (PGRN) for the treatment of FTD caused by progranulin deficiency; and PBKR03, a functional GALC gene encoding the hydrolytic enzyme galactosylceramidase for infantile Krabbe disease. Read More Five stocks we like better than Passage Bio What is a Microcap Stock? Everything You Need to Know AppLovin Dips on S&P 500 Snub, Morgan Stanley Lifts Target Anyway 3 Stocks to Consider Buying in October Casey’s Surges on Strong Q4, More Gains Likely Ahead About the Markup Calculator Government Mandate Sends eVTOL Stocks Flying
https://www.defenseworld.net
- 1 week ago
Passage Bio Reports First Quarter 2025 Financial Results and Provides Recent Business Highlights
Treated first FTD-GRN patient with Dose 2 PBFT02 and enrolled second patient; several additional patients being evaluated for trial eligibility Announced presentation of process development data of a high productivity, suspension-based manufacturing process for PBFT02 at American Society of Gene and Cell Therapy (ASGCT) 28 th Annual Meeting Cash runway into 1Q 2027 PHILADELPHIA, May 13, 2025 (GLOBE NEWSWIRE) -- Passage Bio, Inc. (Nasdaq: PASG), a clinical stage genetic medicines company focused on improving the lives of patients with neurodegenerative diseases, today reported financial results for the first quarter ended March 31, 2025, and provided recent business highlights. “We made steady progress in executing against our core operational objectives this quarter as we focus on the enrollment of FTD-GRN and FTD-C9orf72 patients in our ongoing global Phase 1/2 upliFT-D trial of PBFT02,” said Will Chou, M.D.
globenewswire.com
- 1 month ago
Passage Bio (PASG) Upgraded to Buy: Here's What You Should Know
Passage Bio (PASG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
zacks.com
- 3 months ago
Passage Bio Reports Fourth Quarter and Full Year 2024 Financial Results and Provides Recent Business Highlights
Interim data from Dose 1 PBFT02 demonstrated durable, elevated CSF PGRN and early evidence of reduction in plasma NfL levels, a disease progression biomarker, as compared to published natural history Enrolled first FTD-GRN patient to be treated with Dose 2 PBFT02, 50% lower than Dose 1 Expect to report 12-month data from Dose 1 and interim safety and biomarker data from Dose 2 in 2H 2025; plan to seek regulatory feedback on FTD-GRN pivotal trial design in 1H 2026 Extended cash runway into 1Q 2027 PHILADELPHIA, March 04, 2025 (GLOBE NEWSWIRE) -- Passage Bio, Inc. (Nasdaq: PASG), a clinical stage genetic medicines company focused on improving the lives of patients with neurodegenerative diseases, today reported financial results for the fourth quarter and year ended December 31, 2024, and provided recent business highlights. “We are pleased to report strong performance in 2024 as we meaningfully advanced our PBFT02 program, delivering promising data in FTD-GRN patients showing robust, durable progranulin expression and early evidence of improvement in a disease progression biomarker.
globenewswire.com
- 3 months ago
Passage Bio to Participate in Upcoming Investor Conferences
PHILADELPHIA, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Passage Bio, Inc. (NASDAQ: PASG), a clinical stage genetic medicines company focused on improving the lives of patients with neurodegenerative diseases, today announced management will participate in the following upcoming investor conferences:
globenewswire.com
- 3 months ago
Passage Bio Announces Interim Data from upliFT-D Study in FTD-GRN and Provides Business Updates
PBFT02 demonstrated durable, elevated CSF PGRN levels and early evidence of reduction in plasma NfL levels, a disease progression biomarker, compared to published natural history data
globenewswire.com
- 5 months ago
Passage Bio assumed with an Outperform at Wedbush
Wedbush assumed coverage of Passage Bio with an Outperform rating and price target of $4, up from $3. Market sentiment may be different from the days when an extensive gene therapy pipeline of four programs and additional options to license IND-enabling research from UPenn supported Passage's upsized IPO, but the current valuation looks to be a "deep discount" compared to the potential that PBFT02 for frontotemporal dementia can achieve, the analyst tells investors.
https://thefly.com
- 6 months ago
Passage Bio to Present at Guggenheim Securities Healthcare Innovation Conference
PHILADELPHIA , Nov. 06, 2024 (GLOBE NEWSWIRE) -- Passage Bio, Inc. (NASDAQ: PASG), a clinical stage genetic medicines company focused on improving the lives of patients with neurodegenerative diseases, today announced that Will Chou, M.D., president and chief executive officer, will present at Guggenheim Securities Healthcare Innovation Conference on Wednesday, November 13, 2024 at 2:30 p.m. ET.
globenewswire.com
- 7 months ago
Passage Bio Presents Preclinical and Interim Clinical Data for PBFT02 in FTD-GRN at the European Society of Gene & Cell Therapy (ESGCT) 31st Annual Conference
Preclinical data demonstrated that an AAV1 vector achieved superior human progranulin levels in the CSF as compared to AAV5 and AAVhu68 (an AAV9 variant)
globenewswire.com
- 8 months ago
Passage Bio to Present at Chardan's 8th Annual Genetic Medicines Conference
PHILADELPHIA, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Passage Bio, Inc. (NASDAQ: PASG), a clinical stage genetic medicines company focused on improving the lives of patients with neurodegenerative diseases, today announced that Will Chou, M.D., president and chief executive officer, will present at Chardan's 8th Annual Genetic Medicines Conference on Tuesday, October 1, 2024 at 8:30 a.m. ET.
globenewswire.com
- 9 months ago
Passage Bio Welcomes Tom Kassberg to Board of Directors
PHILADELPHIA, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Passage Bio, Inc. (Nasdaq: PASG), a clinical stage genetic medicines company focused on improving the lives of patients with neurodegenerative diseases, today announced the appointment of Tom Kassberg to the Board of Directors and his appointment to the Audit Committee. Mr. Kassberg is currently Chief Business Officer and Executive Vice President at Ultragenyx, a biopharmaceutical company committed to bringing novel therapies to patients for the treatment of serious rare and ultrarare genetic diseases.
globenewswire.com
- 9 months ago
Passage Bio to Present at H.C. Wainwright 26th Annual Global Investment Conference
PHILADELPHIA, Aug. 30, 2024 (GLOBE NEWSWIRE) -- Passage Bio, Inc. (NASDAQ: PASG), a clinical stage genetic medicines company focused on improving the lives of patients with neurodegenerative diseases, today announced that Will Chou, M.D., president and chief executive officer, will present at the H.C. Wainwright 26th Annual Global Investment Conference on Monday, September 9, 2024 at 7:00 a.m. ET.
globenewswire.com
- 9 months ago
8. Profile
Summary
Passage Bio, Inc. PASG
COUNTRY
US
INDUSTRY
Biotechnology
MARKET CAP
$ 24.3 M
Dividend Yield
0.00%
Description
Passage Bio, Inc., a genetic medicines company, develops transformative therapies for central nervous system diseases. It develops PBGM01, which utilizes a proprietary, AAVhu68 capsid to deliver to the brain and peripheral tissues a functional GLB1 gene encoding lysosomal acid beta-galactosidase for infantile GM1; PBFT02, which utilizes an AAV1 capsid to deliver to the brain a functional granulin (GRN) and gene encoding progranulin (PGRN) for the treatment of FTD-GRN; and PBKR03, which utilizes a proprietary, AAVhu68 capsid to deliver to the brain and peripheral tissues a functional GALC gene encoding the hydrolytic enzyme galactosylceramidase for infantile Krabbe disease. The company also develops PBML04 for the treatment of metachromatic leukodystrophy; PBAL05 for the treatment of amyotrophic lateral sclerosis; and PBCM06 for the treatment of Charcot-Marie-Tooth Type 2A. Passage Bio, Inc. has a strategic research collaboration with the Trustees of the University of Pennsylvania's Gene Therapy Program; and collaboration agreement, and a development services and clinical supply agreement with Catalent Maryland, Inc. The company was incorporated in 2017 and is headquartered in Philadelphia, Pennsylvania.
Contact
One Commerce Square, Philadelphia, PA, 19103
https://www.passagebio.com
IPO
Date
Feb. 28, 2020
Employees
60
Officers
Ms. Kathleen Borthwick
Senior Vice President, Chief Financial Officer, Principal Financial Officer & Principal Accounting Officer
Dr. William Chou M.D.
President, Chief Executive Officer & Director
Dr. Sue Browne Ph.D.
Chief Scientific Officer
Eden Fucci
Senior Vice President of Technical Operations
Mr. Stuart M. Henderson
Chief Business Officer
Dr. Karl Whitney Ph.D.
Senior Vice President of Global Regulatory Affairs
Mr. Edgar B. Cale Esq., J.D.
General Counsel & Company Secretary