MoonLake Immunotherapeutics MLTX

12.04 (0.08) (0.66%) as of 25 Sep
Market cap
$1.0B
P/E
0.0×
Insider Buys alert about insiders buying in the last 12 month

Insider Decisions

Total buys 0.10
Total sells 83.03
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy 1 — — — — — — — — — — —
Sell — — 2 — — 1 3 1 3 6 — —
Insider Ownership 0.00%

Capital & Financial Ratios

Market Cap 1,030.00
Revenue —
Net Income (265.22)
Free Cash Flow (225.18)
Net Debt (437.52)
Current Ratio 12.56
Debt/Equity 0.23
P/E ratio 0.00
P/S ratio 0.00
P/B ratio 2.08
Past 5Y EPS Growth (319.65%)
This Y EPS Growth 4.44%
Next Y EPS Growth (1.18%)
Next 5Y EPS Growth 9.01%
in millions of $

Dividends

Payout Ratio 0.00
Annual Dividend Rate —
Annual Dividend Yield —

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 511 448 394 537
Receivables 1 3 5 7
Inventory — — — —
Other — — — —
514 474 422 570
2023 2024 2025 Q'26
Payables 2 9 30 17
ST’ Debt — — — —
Other — — — —
10 22 45 45
in millions of $

Compound Annual Growth

10y 5y 3y
Sales — — —
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 0.00%
Book Value — 0.00% 64.21%

Revenue

Year
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 (66) (56) — — —
’25 (38) (55) (45) (59) (196)
’24 (15) (28) (25) (48) (117)
’23 (9) (12) (9) (12) (43)
’22 (14) (21) (9) (12) (56)
’21 0 (26) (2) 27 (1)
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 (66) (56) — — —
’25 (38) (55) (45) (59) (196)
’24 (15) (28) (25) (49) (117)
’23 (9) (12) (9) (13) (43)
’22 (14) (21) (9) (12) (56)
’21 0 (26) (2) 27 (1)
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 (0.98) (0.84) — — —
’25 (0.63) (0.87) (1.10) (0.92) (3.53)
’24 (0.22) (0.39) (0.56) (0.72) (1.89)
’23 (0.23) (0.23) (0.18) (0.12) (0.73)
’22 (3.17) (0.34) (0.40) (0.31) (1.70)
’21 (0.03) (2.90) (2.63) 3.97 (1.58)
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

1.8
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
— — — — 10.16 9.81 4.25 10.50 37.55 5.95

Analyst estimates 2026–2028

Powerpack
Low Price
— — — — 11.75 13.00 15.19 63.78 64.98 62.75
High Price
— — — — 2 2 20 50 100 130
Employees
— — — — 0 0 0 0 0 0
Revenue/Emp
— — — — — — — — — —
Revenue
— — — — — 0.00% 0.00% — — —
Gross Margin
— — — — 0 (5) (64) (44) (121) (230)
EBT
— — — — 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBT Margin
— 0 — — 0 (5) (65) (44) (121) (230)
Net Income
— — — — — 0 0 0 1 3
Depreciation
— — — — 0.00 0.00 0.00 0.00 0.00 0.00
Revenue/Sh
— — — — (0.03) (1.58) (1.70) (0.73) (1.89) (3.53)
Earnings/Sh
— — — — (0.11) (0.21) (1.90) (0.87) (1.85) (3.04)
Cash Flow/Sh
— — — — 0.00 0.00 0.00 (0.01) (0.01) 0.00
Capex/Sh
— — — — (0.11) (0.21) (1.90) (0.88) (1.86) (3.04)
Free CF/Sh
— — — — (0.86) (4.05) 2.34 10.45 7.21 4.72
Book Value/Sh
— — — — 3 3 29 49 63 64
Shares
— — — — — — — — — —
PE Ratio
— — — — — — — — — —
PS Ratio
— — — — — — — — — —
PB Ratio
— — — — — — — — — —
EV/Sales
— — — — — — — — — —
EV/FCF
— — — — 0 (1) (56) (43) (117) (196)
Op' Cash Flow
— — — — — 0 0 0 (1) 0
Capex
— — — — 0 (1) (56) (43) (117) (196)
FCF
— — — — 1 (11) 69 504 452 376
Working Cap'
— — — — 0 15 0 — — 74
Total Debt
— — — — (1) 7 (72) (511) (448) (320)
Net Debt
— — — — (3) (12) 69 513 453 304
Sh' Equity
— — — — (0.16%) (7.19%) (115.51%) (11.94%) (23.68%) (50.38%)
ROA
— — — — 0.00% 0.00% 0.00% (1,362.45%) (1,667.26%) 0.00%
ROIC
— — — — (0.08%) 63.83% (175.19%) (12.37%) (24.60%) (59.99%)
ROE
predictions in italic, sparklines do not include predictions

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MoonLake Immunotherapeutics peers in Biotechnology

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MoonLake Immunotherapeutics (MLTX) key facts

  • MoonLake Immunotherapeutics (MLTX) is a Biotechnology company in the Healthcare sector, listed on Nasdaq.
  • MoonLake Immunotherapeutics reported a net loss of $230.3 million, or a loss of $3.53 per share, for fiscal 2025.
  • As of September 25, 2026, MLTX traded at $12.04, a market capitalization of $1.0 billion.
  • Return on equity was −60.0% and debt-to-equity 0.23.

Source: company filings (standardised) and stockrow calculations.

MoonLake Immunotherapeutics (MLTX) Latest News

News by impact score

Fine-tune

11 Sep

4

MLTX stock heads for worst week since last fall as FDA filing date for skin disease drug approaches. Approaching FDA filing for skin disease drug marks major regulatory milestone likely to shift company trajectory.

10 Aug

4

MoonLake’s psoriatic arthritis drug showed promising Phase 3 trial results, but shares slid in premarket as retail investors noted the pipeline remains intact. Positive Phase 3 data for MoonLake's lead drug signals major regulatory and commercial upside ahead.

3 Aug

4

MLTX stock faces pressure as investors await psoriatic arthritis trial data. Key psoriatic arthritis trial data will likely determine MoonLake's future market position and performance.

12 Jul

4

Retail traders are racing to pick between MoonLake Immunotherapeutics (MLTX) and SLS as Merck's next potential biotech buyout target ahead of Keytruda's $31.7B patent cliff. Buyout speculation around MLTX tied to Merck's patent pressures creates conditions for major valuation swings and trajectory shifts.

30 Jun

4

MoonLake Immunotherapeutics (MLTX) outlook strengthens as analysts identify major opportunity in Hidradenitis Suppurativa. Analyst views on major hidradenitis suppurativa opportunity strengthen MLTX outlook and investor sentiment.

25 Jun

4

MLTX VELA clinical data triggers upsized follow-on offering as investors evaluate trial outcomes alongside share dilution effects on valuation. VELA data release and capital raise directly shift MLTX financial structure and market trajectory.

24 Jun

4

MLTX stock extends pullback after biggest rally in over six months driven by skin disease trial data. Skin disease trial data produced major stock rally and subsequent pullback with direct effects on valuation and sentiment.

23 Jun

3

MoonLake Immunotherapeutics prices upsized $200 million public offering. Public offering supplies substantial cash for operations while diluting shareholders.

22 Jun

3

MLTX stock posted its strongest single-day gain in over six months on heightened investor optimism. Single-day stock surge signals short-term sentiment lift without evidence of fundamental trajectory change.

3

MoonLake Immunotherapeutics proposes a public offering of shares. Public offering enables capital raise but risks share dilution affecting valuation.

21 Jun

4

MLTX stock rallied nearly 20% overnight on positive developments. Nearly 20% overnight rally signals major positive catalyst likely to lift future performance and sentiment.

4

MoonLake Immunotherapeutics reported Week 52 results from its Phase 3 VELA program evaluating sonelokimab in hidradenitis suppurativa and set an investor day for June 22, 2026. Phase 3 data readout for the lead asset directly shapes regulatory path, valuation, and partnering prospects.

17 Jun

4

MLTX stock rises as traders position ahead of late-stage trial catalysts. Anticipation of late-stage trial results can drive major valuation shifts for a clinical-stage biotech.

8 Jun

3

MLTX shares rose in after-hours trading following undisclosed positive developments affecting investor sentiment. After-hours price movement signals moderate short-term market reaction without altering long-term fundamentals.

2 Jun

4

H.C. Wainwright raises MoonLake Immunotherapeutics price target to $45 citing FDA progress. Analyst price target raise on FDA progress signals major regulatory catalyst likely to shift company trajectory and investor sentiment.

12 May

4

MoonLake Immunotherapeutics (MLTX) shares rose 7.3% after the FDA aligned on the regulatory pathway for the Sonelokimab Biologics License Application (BLA) submission. FDA alignment on Sonelokimab BLA pathway de-risks regulatory approval and significantly enhances MLTX's commercialization prospects.

11 May

4

MoonLake Immunotherapeutics (MLTX) cleared a key regulatory hurdle, propelling shares sharply higher. Clearing a key regulatory hurdle advances MLTX's drug development pipeline and triggers substantial share price surge.

4

MoonLake Immunotherapeutics (MLTX) shares gained after a positive FDA meeting on the Sonelokimab filing. Positive FDA meeting advances Sonelokimab regulatory filing, signaling major progress for MLTX's pipeline and boosting investor sentiment.

10 May

4

MoonLake Immunotherapeutics announces positive outcome from its final Pre-BLA meeting with the U.S. FDA and reports first quarter 2026 financial results. Positive final Pre-BLA FDA outcome paves way for BLA submission, significantly enhancing MLTX regulatory prospects and market performance.

7 Apr

3

Biotech fund BVF trimmed its stake in MoonLake Immunotherapeutics (MLTX) by selling $63 million in shares. BVF's $63 million share sale signals waning investor confidence, likely causing short-term negative sentiment and stock pressure without fundamentally altering MoonLake's trajectory.

5 Apr

4

Investors react positively to MoonLake Immunotherapeutics (MLTX) long-term sonelokimab data in hidradenitis suppurativa, showing sustained efficacy and safety, boosting stock price amid expectations for Phase 3 trials and regulatory progress. Long-term clinical data on sonelokimab validates efficacy in hidradenitis suppurativa, potentially accelerating approvals and enhancing MLTX's competitive position.

31 Mar

4

MoonLake Immunotherapeutics' lead asset demonstrated durable efficacy in late-stage hidradenitis suppurativa (HS) studies, showing sustained responses over extended periods. Durable late-stage data on lead HS asset markedly improves approval odds, pipeline value, and investor confidence.

30 Mar

4

Wedbush states MoonLake Immunotherapeutics' trial data continues to support sonelokimab's efficacy in treating hidradenitis suppurativa. Analyst endorsement of sustained positive trial data bolsters MLTX's drug candidate prospects and market sentiment.

28 Mar

5

MoonLake Immunotherapeutics announced Week 40 results from Phase 3 clinical trials of sonelokimab in hidradenitis suppurativa at the 2026 AAD Annual Meeting. Phase 3 trial results for lead candidate sonelokimab in hidradenitis suppurativa could fundamentally redefine MLTX's competitive position and long-term prospects via potential regulatory approval.

16 Mar

3

A fund invested $28 million in beaten-down MoonLake Immunotherapeutics (MLTX) immunotherapy stock last quarter, highlighting key considerations for long-term investors. Institutional purchase of $28 million signals confidence in MLTX, potentially boosting short-to-medium term market sentiment amid stock weakness.

2 Mar

4

Goldman Sachs questions MoonLake Immunotherapeutics’ (MLTX) sonelokimab approval odds despite recent pipeline update, citing competitive pressures and clinical data uncertainties in psoriasis and hidradenitis suppurativa treatments. Goldman's skepticism on sonelokimab approval directly challenges MLTX's key pipeline asset, likely eroding investor confidence and stock performance amid biotech regulatory hurdles.

28 Feb

3

MoonLake Immunotherapeutics (MLTX) shares dropped 6.7% after releasing mixed 2025 results and an AxSpA data update that introduced key changes. Mixed 2025 results and AxSpA data update caused a 6.7% stock drop, signaling moderate impact on financial outlook and investor sentiment.

25 Feb

4

Protagonist stock surges 120%, but a fund discloses $170 million exit from MoonLake Immunotherapeutics (MLTX). A $170 million fund exit signals major negative investor sentiment, likely pressuring MLTX stock and trajectory.

24 Feb

4

MoonLake Immunotherapeutics Investor Day confirms HS BLA on track for submission and highlights strong imaging results from axSpA Phase 2 trial. HS BLA on track and positive axSpA Phase 2 imaging data represent major pipeline advancements likely to enhance MLTX's competitive position and market sentiment.

22 Feb

4

MoonLake Immunotherapeutics announced positive topline results from Phase 2 trial of sonelokimab in axial spondyloarthritis, demonstrating significant clinical efficacy, and reported 2025 financial results including cash position and outlook. Positive Phase 2 topline results for sonelokimab in axial spondyloarthritis enable Phase 3 advancement and boost pipeline value, significantly impacting future performance and investor sentiment.

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