ETON

Eton Pharmaceuticals, Inc.

Healthcare · Drug Manufacturers - Specialty & Generic · NGM
$29.13
Data: 2026-05-15
✓ ETHICAL PASS

WEAK MOAT
HIGH
Data Confidence: 85.7%
Convergence Score
Score pending — view screener
Market Regime
Analysis pending
Today's Read
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with near-perfect ethical score (97). The risk-adjusted return profile shows excellent risk-adjusted returns...
2026-07-03
Full Daily Analysis

Key Metrics

How this company measures up on the fundamentals that matter

Market Cap
$815M
Total market value of the company
15.84
Based on estimated future earnings — lower means cheaper
Rev Growth
+82.7%
Year-over-year revenue change
Profit Margin
-5.8%
How much profit the company keeps from each dollar of revenue
-18.2%
Return on equity — how efficiently it uses shareholder money
Analyst Target
$41.00
+41% from current price — median analyst estimate
Recommendation
STRONG_BUY
Consensus view from 3 analysts covering this stock

About Eton Pharmaceuticals, Inc.

Eton Pharmaceuticals, Inc., a pharmaceutical company, focuses on developing and commercializing treatments for rare diseases. Its commercial rare disease products include Increlex for the treatment of severe primary igf-1 deficiency; Alkindi Sprinkle for adrenal insufficiency; Khindivi for adrenocortical insufficiency; Galzin for Wilson disease; PKU Golike for phenylketonuria; Carglumic Acid for N-acetylglutamate synthase deficiency; Betaine Anhydrous for homocystinuria; and Nitisinone for tyrosinemia type 1. The company is also developing various product candidates, which are in late-stage development, including ET-600 for diabetes insipidus; Amglidia for neonatal diabetes mellitus; ET-700 for Wilson disease; ET-800 for adrenal insufficiency; and ZENEO hydrocortisone autoinjector for adrenal crisis. Eton Pharmaceuticals, Inc. was incorporated in 2017 and is based in Deer Park, Illinois.

https://www.etonpharma.com

Country: United States Employees: 44 Industry: Drug Manufacturers - Specialty & Generic

Ethical Screening

Five compliance checks based on AAOIFI standards — all must pass for ethical clearance

Business Activity
PASS
Core business does not involve prohibited activities
Debt Ratio
3.8% PASS
Debt must be below 33% of total assets
Cash Ratio
3.2% PASS
Interest-bearing cash below 33% of assets
Receivables
0.0% PASS
Receivables below 49% of assets
Revenue Purity
0.0% PASS
Non-compliant revenue below 5% — any excess requires purification

Valuation

$56.40
What our model estimates this business is worth per share
48.4%
Trading below fair value — margin of safety exists
Rating
OPPORTUNITY
Overall assessment combining ethics, valuation, and quality
97.8th
Ranks in the top 2% of our 13,571 screened universe
Ethical Score
97.4
Valuation Score
77.5
Quality Score
33.8
Combined
74.8

Trading at $30 against a fair value of $56, a 47% discount. Passes all ethical screens. Ranks better than 94% of screened stocks.

Quantitative Intelligence

Statistical analysis of price behaviour, risk, and market regime — independent of fundamental data

MARKUP
Price trending up with increasing momentum
2.140
Excellent risk-adjusted returns
0.1470
Suggested allocation is meaningful — the edge justifies a position
5.313
Returns exceed worst-case losses — strong risk profile
Annual Return
197.4%
Historical annualised return based on price data
-37.2%
Largest peak-to-trough decline — the worst it has been
SIDEWAYS
Price consolidating — no clear directional bias
Days in State
2
How long the current regime has persisted — longer means more stable

Market Data

Trading characteristics and market positioning

0.82
Less volatile than the market — more defensive
52W High
$32.31
10% below the year high
52W Low
$13.09
123% above the year low
Avg Volume
401,201
Average daily shares traded — higher means easier to buy and sell
4.3
Days it would take all short sellers to cover — higher means more crowded
Short % Float
8.4%
Moderate short interest
0.0%
Annual dividend as a percentage of the share price
$-0.17
Earnings per share over the last 12 months

Financial Health

Balance sheet strength and cash generation — the foundation of long-term value

1.19
Meaningful debt load — monitor closely
1.57
Healthy liquidity position
Quick Ratio
0.98
Like current ratio but excludes inventory — stricter test
Gross Margin
59.8%
Revenue left after cost of goods — higher means pricing power
Operating Margin
21.0%
Profit from core operations before interest and tax
$11M
Positive — the business generates more cash than it spends
Revenue (TTM)
$80M
Total revenue over the last 12 months
Net Income
$-4,601,000
Loss-making — spending exceeds revenue after all costs

Analyst Coverage

Analysts
3
Target High
$52.00
Target Median
$41.00
Target Low
$31.00

Recent Insider Activity

SEC Form 4 filings — what company insiders are buying and selling

Date Insider Title Type Shares Value
2026-04-21 RIEDEL NORBERT G Director 32,155 $260,605
2026-02-03 RIEDEL NORBERT G Director 30,000 $132,600
2025-08-20 GRUBER JAMES R Chief Financial Officer 41,713 $673,714
2025-06-16 KREMPA DAVID Officer 34,000 $504,318
2025-06-10 OPALEYE MANAGEMENT, INC. Beneficial Owner of more than 10% of a Class of Security 7,930 $125,484
2025-06-05 BRYNJELSEN SEAN E Chief Executive Officer 210,000 $3,592,611
2025-01-03 RIEDEL NORBERT G Director 102,400 $373,842
2024-10-23 OPALEYE MANAGEMENT, INC. Beneficial Owner of more than 10% of a Class of Security 10,000 $79,814
2024-10-08 OPALEYE MANAGEMENT, INC. Beneficial Owner of more than 10% of a Class of Security 62,070 $434,137
2024-09-11 OPALEYE MANAGEMENT, INC. Beneficial Owner of more than 10% of a Class of Security 107,500 $504,875
Source: SEC Form 4 filings via public data. View all insider activity at
Insider Intelligence

What If You'd Bought ETON?

Period Price Then Price Return Divs/Share $1,000 Became Total Return
1 Month $29.84 +5.5% $1,055 +5.5%
2 Months $26.36 +19.5% $1,195 +19.5%
3 Months $19.02 +65.6% $1,656 +65.6%
6 Months $16.88 +86.6% $1,866 +86.6%
1 Year $15.71 +100.5% $2,005 +100.5%
2 Years $3.60 +774.7% $8,747 +774.7%
3 Years $3.87 +713.7% $8,137 +713.7%
5 Years $6.79 +363.8% $4,638 +363.8%

Historical returns. Past performance does not guarantee future results. Prices from market close data.

Framework Review History

Timestamped framework reads — tracking how the analysis evolves over time

2026-07-03 MARKUP $29.13 +0.0% Review #2

The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with near-perfect ethical score (97). The risk-adjusted return profile shows excellent risk-adjusted returns.

2026-07-02 MARKUP $29.13 Review #1

The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Ethical screening: PASS with near-perfect ethical score (97). The risk-adjusted return profile shows excellent risk-adjusted returns.

Latest Analysis — ETON

Timestamped intelligence from our daily research pipeline

2 Jul 2026
21:32 UTC
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Eton Pharmaceuticals (ETON) — Markup at $29.13 with 97.4 Ethical Score body { background: #0a0e14; color: #e0e0e0; font-family: 'Segoe UI', Arial, sans-serif; margin: 0; padding: 0; line-height: 1.7; } .container...

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Data sourced from public filings and market feeds. Not financial advice. Updated: 2026-05-15

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