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Healthcare - Biotechnology - NASDAQ - US
$ 3.44
-1.15 %
$ 155 M
Market Cap
-3.16
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one THRD stock under the worst case scenario is HIDDEN Compared to the current market price of 3.44 USD, Third Harmonic Bio, Inc. is HIDDEN

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one THRD stock under the base case scenario is HIDDEN Compared to the current market price of 3.44 USD, Third Harmonic Bio, Inc. is HIDDEN

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one THRD stock under the best case scenario is HIDDEN Compared to the current market price of 3.44 USD, Third Harmonic Bio, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart THRD

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$16.0$16.0$14.0$14.0$12.0$12.0$10.0$10.0$8.0$8.0$6.0$6.0$4.0$4.0$2.0$2.015 Oct15 OctNov '24Nov '2415 Nov15 NovDec '24Dec '2415 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '25
FINANCIALS
0 REVENUE
0.00%
58.9 M OPERATING INCOME
233.94%
-45.5 M NET INCOME
-47.51%
-34.5 M OPERATING CASH FLOW
-68.93%
-10 K INVESTING CASH FLOW
94.08%
50.5 M FINANCING CASH FLOW
6221.15%
0 REVENUE
0.00%
-16.4 M OPERATING INCOME
3.71%
-13.1 M NET INCOME
5.01%
-11.2 M OPERATING CASH FLOW
-37.40%
-10 K INVESTING CASH FLOW
0.00%
210 K FINANCING CASH FLOW
-99.57%
Balance Sheet Third Harmonic Bio, Inc.
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Current Assets 291 M
Cash & Short-Term Investments 285 M
Receivables 0
Other Current Assets 5.48 M
Non-Current Assets 4.07 M
Long-Term Investments 0
PP&E 3.17 M
Other Non-Current Assets 901 K
96.76 %Total Assets$294.6m
Current Liabilities 7.11 M
Accounts Payable 1.94 M
Short-Term Debt 859 K
Other Current Liabilities 4.31 M
Non-Current Liabilities 2.35 M
Long-Term Debt 2.35 M
Other Non-Current Liabilities 0
20.48 %9.08 %45.60 %24.84 %Total Liabilities$9.5m
EFFICIENCY
Earnings Waterfall Third Harmonic Bio, Inc.
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Revenue 0
Cost Of Revenue 0
Gross Profit 0
Operating Expenses 58.9 M
Operating Income 58.9 M
Other Expenses 104 M
Net Income -45.5 M
60m60m40m40m20m20m00(20m)(20m)(40m)(40m)(60m)(60m)000(59m)59m(104m)(45m)RevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
0.00% GROSS MARGIN
0.00%
0.00% OPERATING MARGIN
0.00%
0.00% NET MARGIN
0.00%
15.95% ROE
15.95%
15.43% ROA
15.43%
20.42% ROIC
20.42%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Third Harmonic Bio, Inc.
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00(5m)(5m)(10m)(10m)(15m)(15m)(20m)(20m)(25m)(25m)(30m)(30m)(35m)(35m)20212021Jul '21Jul '2120222022Jul '22Jul '2220232023Jul '23Jul '2320242024Jul '24Jul '2420252025
Net Income -45.5 M
Depreciation & Amortization 49 K
Capital Expenditures -10 K
Stock-Based Compensation 11.1 M
Change in Working Capital -893 K
Others -268 K
Free Cash Flow -34.5 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Third Harmonic Bio, Inc.
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Wall Street analysts predict an average 1-year price target for THRD of $20.3 , with forecasts ranging from a low of $18 to a high of $23 .
THRD Lowest Price Target Wall Street Target
18 USD 423.26%
THRD Average Price Target Wall Street Target
20.3 USD 491.09%
THRD Highest Price Target Wall Street Target
23 USD 568.60%
Price
Max Price Target
Min Price Target
Average Price Target
2424222220201818161614141212101088664422May '24May '24Jul '24Jul '24Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26
4. DIVIDEND ANALYSIS
5. COMPETITION
slide 2 of 12
6. Ownership
Insider Ownership Third Harmonic Bio, Inc.
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
14.4 M USD 2
6-9 MONTHS
215 K USD 2
9-12 MONTHS
889 K USD 3
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Third Harmonic Bio Announces Fourth Quarter and Full Year 2024 Financial Results Recently presented THB335 Phase 1 data support advancement into Phase 2 clinical trial in chronic spontaneous urticaria (CSU) globenewswire.com - 2 weeks ago
Third Harmonic Bio, Inc. (THRD) Loses -31.61% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner The heavy selling pressure might have exhausted for Third Harmonic Bio, Inc. (THRD) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal. zacks.com - 1 month ago
Third Harmonic Bio, Inc. (THRD) Upgraded to Buy: What Does It Mean for the Stock? Third Harmonic Bio, Inc. (THRD) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy). zacks.com - 2 months ago
Down -39.61% in 4 Weeks, Here's Why You Should You Buy the Dip in Third Harmonic Bio, Inc. (THRD) The heavy selling pressure might have exhausted for Third Harmonic Bio, Inc. (THRD) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal. zacks.com - 2 months ago
Third Harmonic Bio Initiates Strategic Review, Lays Off 50% Staff Citing Competitive Landscape On Tuesday, Third Harmonic Bio, Inc. THRD revealed results from its Phase 1 single and multiple ascending dose (SAD/MAD) trial of THB335 in healthy volunteers. benzinga.com - 2 months ago
Third Harmonic Bio Announces Phase 1 Clinical Results for THB335 and Provides Corporate Strategic Update THB335 Phase 1 data support advancement into Phase 2 clinical trial in  chronic spontaneous urticaria (CSU) Company initiating process to leverage balance sheet strength to  maximize shareholder value Cash and cash equivalents of approximately $285 million as of December 31, 2024 (unaudited) Management to hold conference call/webcast today Tuesday, February 11, 2025, at  8:00 a.m. EST to discuss clinical results and corporate next steps SAN FRANCISCO, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Third Harmonic Bio, Inc. (Nasdaq: THRD), a clinical-stage biopharmaceutical company focused on advancing the next wave of medicine for dermal, respiratory, and gastrointestinal inflammatory diseases, today announced results from its Phase 1 single and multiple ascending dose (SAD/MAD) clinical trial of THB335 in healthy volunteers. globenewswire.com - 2 months ago
Third Harmonic Bio to Participate in the 7th Annual Evercore HealthCONx Conference SAN FRANCISCO, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Third Harmonic Bio, Inc. (Nasdaq: THRD), a clinical-stage biopharmaceutical company focused on advancing the next wave of medicine for dermal, respiratory, and gastrointestinal inflammatory diseases, today announced that Chris Murphy, Chief Financial and Business Officer, will participate in a fireside chat at the 7th Annual Evercore HealthCONx Conference on Wednesday, December 4, 2024, at 9:35 a.m. globenewswire.com - 4 months ago
Wall Street Analysts Believe Third Harmonic Bio, Inc. (THRD) Could Rally 26.67%: Here's is How to Trade The average of price targets set by Wall Street analysts indicates a potential upside of 26.7% in Third Harmonic Bio, Inc. (THRD). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock. zacks.com - 5 months ago
Third Harmonic Bio to Participate in Upcoming Investor Conferences in November SAN FRANCISCO, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Third Harmonic Bio, Inc. (Nasdaq: THRD), a clinical-stage biopharmaceutical company focused on advancing the next wave of medicine for dermal, respiratory, and gastrointestinal inflammatory diseases, today announced that management will participate in the following upcoming conferences: globenewswire.com - 5 months ago
Third Harmonic Bio Announces Third Quarter 2024 Financial Results THB335 Phase 1 SAD/MAD clinical trial on track to deliver clinical results in 1Q'25 Strong financial position with cash and cash equivalents totaling $296.1 million  as of September 30, 2024 SAN FRANCISCO, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Third Harmonic Bio, Inc. (Nasdaq: THRD), a clinical-stage biopharmaceutical company focused on advancing the next wave of medicine for dermal, respiratory and gastrointestinal inflammatory diseases, today announced financial results for the third quarter September 30, 2024. “As the Phase 1 clinical trial of our development candidate THB335 continues toward an anticipated data readout in the first quarter of 2025, we are also making excellent progress in preparing to move efficiently into a Phase 2 clinical trial in chronic spontaneous urticaria,” said Natalie Holles, Chief Executive Officer at Third Harmonic Bio. globenewswire.com - 5 months ago
Third Harmonic Bio to Participate in Upcoming Investor Conferences in September SAN FRANCISCO, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Third Harmonic Bio, Inc. (Nasdaq: THRD), a clinical-stage biopharmaceutical company focused on advancing the next wave of medicine for dermal, respiratory, and gastrointestinal inflammatory diseases, today announced that Chief Executive Officer Natalie Holles will participate in fireside chats at the following upcoming conferences: globenewswire.com - 7 months ago
Third Harmonic Bio to Participate in Upcoming Investor Conferences SAN FRANCISCO, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Third Harmonic Bio, Inc. (Nasdaq: THRD), a clinical-stage biopharmaceutical company focused on advancing the next wave of medicine for dermal, respiratory, and gastrointestinal inflammatory diseases, today announced that Chief Executive Officer Natalie Holles will participate in a fireside chat at the following upcoming conferences: globenewswire.com - 7 months ago
8. Profile Summary

Third Harmonic Bio, Inc. THRD

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COUNTRY US
INDUSTRY Biotechnology
MARKET CAP $ 155 M
Dividend Yield 0.00%
Description Third Harmonic Bio, Inc., a clinical-stage biopharmaceutical company, focuses on the development of the medicine for the treatment of allergic and inflammatory diseases. It develops THB001, an oral small-molecule KIT inhibitor for the treatment of chronic urticaria, a dermatologic disease driven by mast cell activation that results in red, itchy, painful welts, or hives, as well as for airway and gastrointestinal tract indications. The company was formerly known as Project IGE, Inc. and changed its name to Third Harmonic Bio, Inc. in June 2019. Third Harmonic Bio, Inc. was founded in 2019 and is headquartered in Cambridge, Massachusetts.
Contact 300 Technology Square, Cambridge, MA, 02139 https://www.thirdharmonicbio.com
IPO Date Sept. 14, 2022
Employees 53
Officers Mr. Dennis Dean Ph.D. Chief Non-Clinical Development Officer Ms. Natalie C. Holles Chief Executive Officer & Director Dr. Christopher J. Dinsmore Ph.D. Chief Scientific Officer Mr. Steven P. Sweeney Senior Vice President of Development Operations Ms. Jennifer Dittman Chief Operating Officer Ms. Julie Person Chief Administrative Officer Ommer Chohan Treasurer & Secretary Dr. Edward R. Conner M.D. Chief Medical Officer Mr. Christopher Murphy Chief Financial & Business Officer