image
Healthcare - Biotechnology - NASDAQ - US
$ 12.15
-5.81 %
$ 547 M
Market Cap
-13.81
P/E
1. INTRINSIC VALUE

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.[ Read More ]

The intrinsic value of one THRD stock under the base case scenario is HIDDEN Compared to the current market price of 12.2 USD, Third Harmonic Bio, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart THRD

image
FINANCIALS
0 REVENUE
0.00%
-44 M OPERATING INCOME
-16.56%
-30.8 M NET INCOME
12.32%
-20.4 M OPERATING CASH FLOW
41.50%
-169 K INVESTING CASH FLOW
-369.44%
799 K FINANCING CASH FLOW
-99.59%
0 REVENUE
0.00%
-17.1 M OPERATING INCOME
-21.34%
-13.8 M NET INCOME
-28.88%
-8.17 M OPERATING CASH FLOW
7.20%
0 INVESTING CASH FLOW
0.00%
48.9 M FINANCING CASH FLOW
3629.80%
Balance Sheet Decomposition Third Harmonic Bio, Inc.
image
Current Assets 272 M
Cash & Short-Term Investments 269 M
Receivables 0
Other Current Assets 3.38 M
Non-Current Assets 5.26 M
Long-Term Investments 0
PP&E 3.93 M
Other Non-Current Assets 1.33 M
Current Liabilities 5.42 M
Accounts Payable 1.84 M
Short-Term Debt 1.49 M
Other Current Liabilities 2.09 M
Non-Current Liabilities 3.21 M
Long-Term Debt 6.42 M
Other Non-Current Liabilities -3.21 M
EFFICIENCY
Earnings Waterfall Third Harmonic Bio, Inc.
image
Revenue 0
Cost Of Revenue 35 K
Gross Profit -35 K
Operating Expenses 44 M
Operating Income -44 M
Other Expenses -13.1 M
Net Income -30.8 M
RATIOS
0.00% GROSS MARGIN
0.00%
0.00% OPERATING MARGIN
0.00%
0.00% NET MARGIN
0.00%
-11.46% ROE
-11.46%
-11.10% ROA
-11.10%
-16.10% ROIC
-16.10%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Third Harmonic Bio, Inc.
image
Net Income -30.8 M
Depreciation & Amortization 35 K
Capital Expenditures -169 K
Stock-Based Compensation 9.58 M
Change in Working Capital 223 K
Others 1.04 M
Free Cash Flow -20.6 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Third Harmonic Bio, Inc.
image
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 48.15%
THRD Average Price Target Wall Street Target
20.3 USD 67.35%
THRD Highest Price Target Wall Street Target
23 USD 89.30%
4. DIVIDEND ANALYSIS
0.00% DIVIDEND YIELD
0.12 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Third Harmonic Bio, Inc.
image
Sold
0-3 MONTHS
14.6 M USD 3
3-6 MONTHS
477 K USD 2
6-9 MONTHS
423 K USD 2
9-12 MONTHS
181 K USD 2
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
Date Value Insider Amount Avg Price
1 week ago
Nov 08, 2024
Sell 31.8 K USD
Conner Edward R.
Chief Medical Officer
- 2117
15 USD
2 weeks ago
Oct 29, 2024
Sell 7.7 M USD
BVF PARTNERS L P/IL
other: See Explanation of Responses
- 538420
14.3 USD
2 weeks ago
Oct 29, 2024
Sell 5.68 M USD
BVF PARTNERS L P/IL
other: See Explanation of Responses
- 396963
14.3 USD
2 weeks ago
Oct 29, 2024
Sell 924 K USD
BVF PARTNERS L P/IL
other: See Explanation of Responses
- 64617
14.3 USD
2 weeks ago
Oct 28, 2024
Sell 40.1 K USD
Conner Edward R.
Chief Medical Officer
- 2673
15 USD
1 month ago
Sep 19, 2024
Sell 71.8 K USD
Conner Edward R.
Chief Medical Officer
- 4790
15 USD
1 month ago
Sep 18, 2024
Sell 7.04 K USD
Person Julie
CHIEF ADMINISTRATIVE OFFICER
- 503
14 USD
1 month ago
Sep 19, 2024
Sell 136 K USD
Person Julie
CHIEF ADMINISTRATIVE OFFICER
- 9497
14.2871 USD
4 months ago
Jun 26, 2024
Sell 125 K USD
Person Julie
CHIEF ADMINISTRATIVE OFFICER
- 10000
12.4569 USD
5 months ago
Jun 07, 2024
Sell 7 K USD
Dittman Jennifer
Chief Development Oper Officer
- 494
14.17 USD
5 months ago
May 20, 2024
Sell 14.6 K USD
Dittman Jennifer
Chief Development Oper Officer
- 1042
14 USD
6 months ago
May 16, 2024
Sell 331 K USD
Dittman Jennifer
Chief Development Oper Officer
- 23578
14.0413 USD
6 months ago
May 09, 2024
Sell 246 K USD
Holles Natalie C.
CEO
- 20222
12.1798 USD
7 months ago
Apr 11, 2024
Sell 165 K USD
Holles Natalie C.
CEO
- 13558
12.1857 USD
7 months ago
Apr 04, 2024
Sell 11.1 K USD
Person Julie
CHIEF ADMINISTRATIVE OFFICER
- 1107
10 USD
11 months ago
Dec 05, 2023
Sell 132 K USD
Person Julie
Chief Administrative Officer
- 12863
10.2996 USD
11 months ago
Dec 05, 2023
Sell 48.1 K USD
Conner Edward R.
Chief Medical Officer
- 4790
10.0339 USD
1 year ago
Dec 20, 2022
Bought 479 K USD
BVF PARTNERS L P/IL
Director
+ 116635
4.1086 USD
1 year ago
Dec 20, 2022
Bought 361 K USD
BVF PARTNERS L P/IL
Director
+ 87831
4.1086 USD
1 year ago
Dec 20, 2022
Bought 39.4 K USD
BVF PARTNERS L P/IL
Director
+ 9597
4.1086 USD
2 years ago
Sep 19, 2022
Bought 5.1 M USD
ORBIMED ADVISORS LLC
director, 10 percent owner:
+ 300000
17 USD
2 years ago
Sep 19, 2022
Bought 5.1 M USD
Bonita David P
director, 10 percent owner:
+ 300000
17 USD
2 years ago
Sep 19, 2022
Bought 5.1 M USD
Atlas Venture Fund XI, L.P.
10 percent owner
+ 300000
17 USD
7. News
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 days 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 - 1 week 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 - 1 week 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 - 2 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 - 2 months ago
Third Harmonic Bio Announces Second Quarter 2024 Financial Results and Provides Business Update THB335 Phase 1 SAD/MAD clinical trial progressing; study now on track to report clinical results in 1Q'25 Strong financial position with cash and cash equivalents totaling $255.3 million  as of June 30, 2024 SAN FRANCISCO, Aug. 08, 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 second quarter June 30, 2024, along with business updates. “We are making excellent progress in our Phase 1 SAD/MAD clinical trial of THB335 and now expect to report clinical results during the first quarter of 2025,” said Natalie Holles, Chief Executive Officer at Third Harmonic Bio. globenewswire.com - 3 months ago
Third Harmonic Bio to Participate in the Jefferies Global Healthcare Conference SAN FRANCISCO, May 28, 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 Jefferies Global Healthcare Conference on Wednesday, June 5, 2024, at 7:30 a.m. ET. globenewswire.com - 5 months ago
Third Harmonic Bio Announces First Quarter 2024 Financial Results and Provides Business Update U.S. FDA clears Investigational New Drug application for THB335 Phase 1 SAD/MAD clinical trial initiated and subject screening underway,  with results expected during 1H'25 Strengthened leadership team with the appointment of Christopher J. Dinsmore, Ph.D. globenewswire.com - 6 months ago
Third Harmonic Bio Appoints Geoff McDonough, M.D., to its Board of Directors SAN FRANCISCO, March 28, 2024 (GLOBE NEWSWIRE) -- Third Harmonic Bio, Inc. (Nasdaq: THRD), a biopharmaceutical company focused on advancing the next wave of medicine for inflammatory diseases, today announced the appointment of Geoff McDonough, M.D., to its Board of Directors. globenewswire.com - 7 months ago
Third Harmonic Bio Announces Fourth Quarter and Full Year 2023 Financial Results U.S. IND filed for THB335 with anticipated clinical trial start during 2Q'24 Strong financial position with cash and cash equivalents totaling $269.1 million as of December 31, 2023 SAN FRANCISCO, March 26, 2024 (GLOBE NEWSWIRE) -- Third Harmonic Bio, Inc. (Nasdaq: THRD), a biopharmaceutical company focused on advancing the next wave of medicine for inflammatory diseases, today reported financial results for the fourth quarter and full year ended December 31, 2023. “Our team's execution continues to be outstanding, with the filing of our U.S. IND for THB335 ahead of our internal timelines for submission,” said Natalie Holles, Chief Executive Officer of Third Harmonic Bio. globenewswire.com - 7 months ago
Third Harmonic Bio to Participate in the 44th Annual TD Cowen Health Care Conference SAN FRANCISCO, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Third Harmonic Bio, Inc. (Nasdaq: THRD), a biopharmaceutical company focused on advancing the next wave of medicine for inflammatory diseases, today announced that Chief Executive Officer, Natalie Holles, will participate in a fireside chat at the 44th Annual TD Cowen Health Care Conference on Tuesday, March 5, 2024, at 1:30 p.m. ET. globenewswire.com - 8 months ago
SHAREHOLDER ALERT: Purcell & Lefkowitz LLP Announces Shareholder Investigation of Third Harmonic Bio, Inc. (NASDAQ: THRD) NEW YORK , Feb. 22, 2024 /PRNewswire/ -- Purcell & Lefkowitz LLP announces that it is investigating Third Harmonic Bio, Inc. (NASDAQ: THRD) on behalf of the company's shareholders.  The investigation seeks to determine whether Third Harmonic Bio's directors breached their fiduciary duties in connection with recent corporate actions. prnewswire.com - 8 months ago
8. Profile Summary

Third Harmonic Bio, Inc. THRD

image
COUNTRY US
INDUSTRY Biotechnology
MARKET CAP $ 547 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 51
Officers Dr. Edward R. Conner M.D. Chief Medical Officer Ms. Julie Person Chief Administrative Officer Mr. Christopher Murphy Chief Financial & Business Officer Ommer Chohan Treasurer & Secretary Mr. Dennis Dean Ph.D. Chief Non-Clinical Development Officer Ms. Jennifer Dittman Chief Development Operations Officer Dr. Christopher J. Dinsmore Ph.D. Chief Scientific Officer Mr. Steven P. Sweeney Senior Vice President of Development Operations Ms. Natalie C. Holles Chief Executive Officer & Director