FENC Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03
Price $10.20
Market Cap (MRQ) $357M
P/E (TTM) -78.5
EPS (TTM) $-0.13
Revenue (TTM) $59M
ROE (TTM) -18.6%
52W Range $6–$13

FENC Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

04
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10-Year Performance Revenue, net income, margins and EPS trends

06
Revenue$45M
2017-12-31 → 2025-12-31
EPS$-0.34
2020-12-31 → 2025-12-31
Net margin-5.5%
2023-12-31 → 2025-12-31
Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric 5Y trend FENC 5Y avg Peer Median Verdict
P/E (TTM) -78.55Y avg ≈-92.0 ≈-92.0 · ·
P/S (TTM) 6.05Y avg ≈47.2 ≈47.2 51.3 Undervalued
P/B (MRQ) 8.45Y avg ≈-36.7 ≈-36.7 2.7 Overvalued
Price / Cash Flow -27.95Y avg ≈-11.6 ≈-11.6 · ·
Price / Tangible Book 9.8 · · ·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

value · ≈ 5Y avg · industry median · verdict relative to median

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14
Avg Surprise -41.9%
Next Report Nov 11, 2026
PeriodReportEPS ActualEPS EstSurprise
June 30, 2026 Aug 11, 2026 $0.05 $0.01 400.0%
March 31, 2026 May 14, 2026 $0.01 $-0.01 —
Dec. 31, 2025 $-0.10 $0.04 -380.1%
Sept. 30, 2025 $-0.02 $-0.02 8.3%
June 30, 2025 $-0.11 $-0.04 -199.7%
March 31, 2025 $-0.04 $-0.09 55.8%
Dec. 31, 2024 $-0.06 $0.17 -135.4%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

15
Income Statement 17
Metric Trend 202520242023202220212020201920182017201620152014
Revenue $45M$48M$21M$2M·$200.0K$0$0$0$0$0$0
Cost of Revenue ··$1M$86.0K········
Gross Profit ··$20M$1M········
R&D Expense $250.0K$307.0K$56.0K$4M$5M$5M$6M$5M$2M$472.0K$256.0K$357.0K
SG&A Expense $28M$23M$21M$18M$12M$13M$7M$5M$5M$2M$2M$3M
Operating Expenses $51M$45M$34M$24M$17M$18M$13M·····
Operating Income $-6M$3M$-13M$-23M$-17M$-18M$-13M$-10M$-7M$-3M$-2M$-3M
Interest Income $787.0K$2M$441.0K·········
Other Non-op $-3M$-3M$-3M$-1M$-123.0K$-224.0K$-17.0K$6.0K$-8.0K$-14.0K$-9.0K$701.0K
Pretax Income $-10M$-71.0K$-16M·····$-7M$-3M$-658.0K$-2M
Income Tax $106.0K$365.0K·$0$0$0$0$0$0$0$0$0
Net Income $-10M$-436.0K$-16M$-24M$-17M$-18M$-13M$-10M$-7M$-3M$-659.0K$-2M
EPS (Basic) $-0.34$-0.02$-0.60$-0.90$-0.67$-0.76····$-0.06$-0.22
EPS (Diluted) $-0.34$-0.02$-0.60$-0.90$-0.67$-0.76····$-0.06$-0.22
Shares (Basic) 28,577,00027,294,00026,574,00026,275,00026,006,00023,70419,896,00018,942,00015,014,00012,765,00010,827,0009,871,000
Shares (Diluted) 28,577,00027,294,00026,574,00026,275,00026,006,00023,70419,896,00018,942,00015,014,00012,765,00010,827,0009,871,000
EBITDA $-6M$3M$-13M$-23M$-17M$-18M$-13M$-10M$-7M$-3M$-2M$-3M
Balance Sheet 18
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents $37M$27M$13M$24M$21M$30M$14M$23M$28M$4M$942.0K$2M
Prepaid Expense $4M$3M$3M$770.0K$1M$797.0K$226.0K$168.0K$128.0K$43.0K$76.0K$48.0K
Other Current Assets $2M$466.0K$44.0K$63.0K$253.0K$276.0K$8.0K$1.0K$13.0K$3.0K$1.0K$17.0K
Current Assets $67M$44M$27M$27M$22M$31M$14M$23M$28M···
Other Non-current Assets $717.0K$822.0K$816.0K·········
Total Assets $71M$45M$27M$27M$22M$31M$14M$23M$28M$4M$1M$2M
Accounts Payable $5M$3M$4M$2M$777.0K$2M$2M$1M$855.0K$244.0K$297.0K$308.0K
Accrued Liabilities $6M$3M$4M$2M$877.0K$776.0K$659.0K$605.0K$622.0K$125.0K$92.0K$132.0K
Current Liabilities $11M$7M$8M$5M$2M$2M$2M$2M$2M$402.0K$471.0K$2M
Capital Leases ··$2.0K·········
Total Liabilities $35M$51M$38M$30M$7M$2M$2M$2M$2M$402.0K$471.0K$2M
Long-term Debt ·$19M$31M$25M········
Common Stock $190M$146M$144M$143M$141M$141M$106M$106M$103M$75M$69M$69M
Retained Earnings $-229M$-220M$-219M$-203M$-179M$-162M$-144M$-131M$-121M$-114M$-112M$-111M
AOCI $1M$1M$1M$1M$1M$1M$1M$1M$1M$1M$1M$1M
Stockholders' Equity $35M$-6M$-12M$-3M$16M$29M$12M$21M$27M$4M$548.0K$613.0K
Liabilities + Equity $71M$45M$27M$27M$22M$31M$14M$23M$28M$4M$1M$2M
Shares Outstanding 34,163,00027,527,00027,027,00026,361,00026,014,00026,003,00019,896,00019,896,00018,411,00013,643,00010,940,00010,593,000
Cash Flow 10
Metric Trend 202520242023202220212020201920182017201620152014
Stock-based Comp $7M$5M$5M$4M$4M$3M$3M$2M$2M$615.0K$97.0K$627.0K
Operating Cash Flow $-12M$27M$-17M$-18M$-14M$-16M$-9M$-8M$-4M$-2M$-2M$-2M
Investing Cash Flow ·······$0$0$0·$0
Debt Issued ··$5M$25M$5M·······
Net Debt Issued $-19M$-13M$5M$25M$5M·······
Stock Issued ·····$32M$0$0$27M$5M$0$2M
Net Stock Activity ·····$32M·$0$27M$5M$0$2M
Financing Cash Flow $23M$-14M$7M$21M$5M$32M$-71.0K$2M$28M$5M·$2M
Net Change in Cash $10M$13M$-11M$3M$-9M$17M$-9M$-5M$24M$3M$-1M$644.0K
Taxes Paid $748.0K···········
Profitability 8
Metric Trend 202520242023202220212020201920182017201620152014
Gross Margin ··94.1%·········
Operating Margin -14.1%5.4%-60.1%·········
Net Margin -21.8%-0.92%-75.5%·········
Pretax Margin -21.6%-0.15%··········
EBITDA Margin -14.1%5.4%-60.1%·········
ROA -16.9%-1.2%-68.5%-96.1%-64.5%-79.5%-68.9%-38.5%-43.5%-111.8%-38.9%-105.5%
ROE -69.6%7.9%144.9%-20355.4%-99.7%-60.1%-95.1%-44.8%-38.7%-71.6%-84.1%107.6%
ROIC -17.9%-268.6%······-26.0%-80.4%·-469.3%
Liquidity & Solvency 2
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio 6.46.43.65.813.513.46.1·····
Quick Ratio 3.53.81.85.212.812.96.013.917.29.82.01.3
Efficiency 1
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 0.81.30.9···0.00.00.00.00.00.0
Per Share 5
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share $1.04$-0.21$-0.43$-0.10$0.61$1.12$0.60$1.07$1.45$0.26$0.05$0.06
Revenue / Share $1.56$1.74$0.80···$0.00$0.00$0.00$0.00$0.00$0.00
Cash Flow / Share $-0.44$0.99$-0.65$-0.69$-546.87$-0.66$-0.46$-0.41$-0.24$-0.17$-0.17$-0.17
Cash / Share $1.08$0.97$0.49$0.90$0.81$1.17$0.69$1.15$1.53$0.29$0.09$0.22
EPS (TTM) $-0.34$-0.02$-0.60$-0.90$-0.67$-0.76$-0.33$-0.52$-0.36$-0.15$-0.06$-0.22
Growth Rates 3
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY -6.1%123.7%1284.5%·········
Revenue CAGR 3Y 207.5%·400.0%·········
Revenue CAGR 5Y 204.7%···········
Valuation (TTM) 9
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM $45M$48M$21M$2M$0$200.0K$0$0$0$0$0$0
Net Income TTM $-10M$-436.0K$-16M$-24M$-17M$-18M$-13M$-10M$-7M$-3M$-659.0K$-2M
Market Cap $263M$174M$303M$253M$114M$194M$129M$127M$184M···
P/E -22.6-316.0-18.7-10.7-6.6-9.8-19.7-12.3-27.8···
P/S 5.93.714.3164.9·968.6······
P/B 7.4-29.6-26.1-98.57.36.710.96.06.9···
P / Tangible Book 7.4···7.36.7······
P / Cash Flow -21.16.4-17.7-14.0-8.0-12.4-14.3-16.2-50.7···
Earnings Yield -4.4%-0.32%-5.3%-9.4%-15.2%-10.2%-5.1%-8.2%-3.6%···

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

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Metric 2025-12-312024-12-312023-12-312023-09-302022-12-31
Revenue $45M $48M $21M · $2M
Gross Margin % · · 94.1% · ·
Operating Margin % -14.1% 5.4% -60.1% · ·
Net Income $-10M $-436.0K $-16M · $-24M
Diluted EPS $-0.34 $-0.02 $-0.60 · $-0.90

Institutional owners (13F) 110 filers · $182.8M total · As of June 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 110
Value held $182.8M
New positions 25
Exited positions 8
Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
25 (+8 vs prior Q) 8 (-11 vs prior Q) 44 (+6 vs prior Q) 18 (+1 vs prior Q) +136K

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
Rosalind Advisors, Inc. $34,271,011 3,188,001 18.74% Shares
AIGH Capital Management LLC $26,724,908 2,486,038 14.62% Shares
Solas Capital Management, LLC $20,310,685 1,889,366 11.11% Shares
BlackRock, Inc. $18,565,992 1,727,069 10.15% Shares
AWM Investment Company, Inc. $12,473,182 1,160,296 6.82% Shares
VANGUARD CAPITAL MANAGEMENT LLC $9,022,540 839,306 4.93% Shares
VANGUARD GROUP INC $8,220,912 1,067,651 4.50% Shares
Prospect Capital Advisors, LLC $5,351,350 497,800 2.93% Shares
STATE STREET CORP $4,579,543 426,004 2.50% Shares
GEODE CAPITAL MANAGEMENT, LLC $4,327,584 402,566 2.37% Shares
JANE STREET GROUP, LLC $2,514,178 233,877 1.38% Shares
Potomac Capital Management, Inc. $2,412,300 224,400 1.32% Shares
MORGAN STANLEY $2,385,640 221,920 1.30% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $2,149,979 199,998 1.18% Shares
NORTHERN TRUST CORP $1,805,162 167,922 0.99% Shares
MARSHALL WACE, LLP $1,491,651 138,758 0.82% Shares
RENAISSANCE TECHNOLOGIES LLC $1,442,650 134,200 0.79% Shares
Nuveen, LLC $1,413,432 131,482 0.77% Shares
Trexquant Investment LP $1,280,562 119,122 0.70% Shares
CenterBook Partners LP $1,274,757 118,582 0.70% Shares
Lion Point Capital, LP $1,208,666 112,434 0.66% Shares
BRIDGEWAY CAPITAL MANAGEMENT, LLC $1,161,054 108,005 0.63% Shares
Cornerstone Capital, Inc. $1,128,750 105,000 0.62% Shares
XTX Topco Ltd $1,009,060 93,866 0.55% Shares
AQR CAPITAL MANAGEMENT LLC $998,557 92,889 0.55% Shares
WELLINGTON MANAGEMENT GROUP LLP $908,892 84,548 0.50% Shares
Quadrature Capital Ltd $814,055 75,726 0.45% Shares
CITADEL ADVISORS LLC $763,594 71,032 0.42% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $757,918 70,504 0.41% Shares
1492 Capital Management LLC $700,352 65,149 0.38% Shares
Bank of New York Mellon Corp $656,098 61,032 0.36% Shares
TWO SIGMA INVESTMENTS, LP $648,569 60,332 0.35% Shares
Qube Research & Technologies Ltd $626,639 58,292 0.34% Shares
Point72 Asset Management, L.P. $606,375 56,407 0.33% Shares
Hartford Financial Management Inc. $544,445 50,646 0.30% Shares
Round Rock Advisors LLC $523,342 48,683 0.29% Shares
VANGUARD FIDUCIARY TRUST CO $488,050 45,400 0.27% Shares
STATE OF WISCONSIN INVESTMENT BOARD $415,004 38,605 0.23% Shares
BNP PARIBAS FINANCIAL MARKETS $394,815 36,727 0.22% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $378,400 35,200 0.21% Call option
RHUMBLINE ADVISERS $375,911 34,969 0.21% Shares
GOLDMAN SACHS GROUP INC $359,609 33,452 0.20% Shares
Squarepoint Ops LLC $334,669 31,132 0.18% Shares
Eleva Capital SAS $327,389 53,234 0.18% Shares
PRELUDE CAPITAL MANAGEMENT, LLC $318,189 29,599 0.17% Shares
DEUTSCHE BANK AG\ $310,654 28,898 0.17% Shares
JONES FINANCIAL COMPANIES LLLP $287,093 26,052 0.16% Shares
WELLS FARGO & COMPANY/MN $285,563 26,564 0.16% Shares
MILLENNIUM MANAGEMENT LLC $282,908 26,317 0.15% Shares
LOS ANGELES CAPITAL MANAGEMENT LLC $272,094 25,311 0.15% Shares

Show all 110 institutional owners →

Activists & 5%+ owners 7 positions

18

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
Essetifin S.p.A. (2), Paolo Cavazza (2), Enrico Cavazza (2), Francesca Cavazza (2), Silvia Cavazza (2), Martina Cavazza Preta (2) ×2 filings May 4, 2020 · Initial filing · SEC
Manchester Management PR, LLC, Manchester Management Company, LLC, Manchester Explorer, L.P., James E. Besser, Morgan C. Frank ×5 filings Sept. 10, 2018 · Initial filing · SEC
Varana Capital, LLC, Varana Capital Partners, LP, Varana Capital Focused, LP, Philip Broenniman, Ezra Gardner May 18, 2017 · Initial filing Passive investment SEC
Manchester Management Company, LLC, Manchester Explorer, L.P., JEB Partners, L.P., James E. Besser, Morgan C. Frank Nov. 26, 2013 · Initial filing Passive investment SEC
Undisclosed reporting person Sept. 9, 2010 · Initial filing · SEC
Southpoint Master Fund, LP, Southpoint Fund LP, Southpoint Qualified Fund LP, Southpoint Offshore Fund, Ltd., Southpoint Capital Advisors LP, Southpoint GP, LP, Southpoint Capital Advisors LLC, Southpoint GP, LLC, John S. Clark II ×6 filings Aug. 30, 2010 · Initial filing · SEC
Robert W. Butts (2) June 14, 2010 · Initial filing · SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

Company insiders 25 insiders · 11 officers · 14 directors

19
Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Jeffrey S. Hackman Chief Executive Officer Sept. 30, 2026 A 67,461 0 0 $0
William P Peters Chairman and CEO Feb. 27, 2008 A · 0 0 $0
Robert Andrade CHIEF FINANCIAL OFFICER Sept. 30, 2026 A 243,009 0 1 $-883,500
James A Klein JR CFO Feb. 27, 2008 A · 0 0 $0
Adrian Haigh CHIEF OPERATING OFFICER May 16, 2024 A 44,444 0 0 $0
Christiana Marie Cioffi Chief Strategy Officer Sept. 30, 2026 A 24,800 0 0 $0
Pierre Sargis Sayad Chief Medical Officer Sept. 30, 2026 A 9,687 0 1 $-146,160
Terry L Evans Chief Commercial Officer Sept. 30, 2026 A 21,687 0 0 $0
Shubh Goel Chief Commercial Officer Dec. 20, 2021 A · 0 0 $0
Thomas Spector NA Aug. 18, 2010 A · 0 0 $0
Scott D Murray SVP, Gen Counsel & Corp Secty Feb. 27, 2008 A · 0 0 $0
Marco Maria Brughera Director Sept. 15, 2026 M 0 0 1 $-159,958
Jodi A Cook Director June 10, 2026 A · 0 0 $0
Khalid Islam Director June 10, 2026 A 213,825 0 0 $0
Chris A Rallis Director June 10, 2026 A 63,077 0 2 $-75,157
Claudio F Bussandri Director Aug. 18, 2010 A · 0 0 $0
William G Breen Director Aug. 18, 2010 A · 0 0 $0
Arthur T Porter Director Aug. 18, 2010 A · 0 0 $0
Robert W Butts Director June 8, 2010 P 41,504,000 0 0 $0
Michael G Martin Director Dec. 3, 2007 A · 0 0 $0
Donald W Kufe Director Dec. 3, 2007 A · 0 0 $0
Peter Morand Director Dec. 3, 2007 A · 0 0 $0
Fred H Mermelstein Director Dec. 3, 2007 A · 0 0 $0
Rosty Raykov · Sept. 1, 2026 S 124,411 0 12 $-1,046,553
Robin J Norris · Nov. 16, 2009 A · 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 8 ETFs

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
IWC · iShares Trust 0.08% 98,294 SH Sept. 11, 2026 Daily
IWO · iShares Trust 0.02% 272,693 SH Sept. 11, 2026 Daily
VTWG · VANGUARD SCOTTSDALE FUNDS 0.02% 30,929 SH Aug. 19, 2026 Daily
IWM · iShares Trust 0.01% 739,746 SH Sept. 11, 2026 Daily
VTWO · VANGUARD SCOTTSDALE FUNDS 0.01% 166,974 SH Aug. 19, 2026 Daily
RSSL · Global X Funds 0.01% 13,889 NS July 31, 2026 N-PORT
VTI · VANGUARD INDEX FUNDS 0.00% 815,192 SH Aug. 19, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS 0.00% 2,095 SH Aug. 19, 2026 Daily

FENC Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21
rating · 12 analysts BUY
Median target $18.00 +76.5%
3 25.0% Strong Buy
8 66.7% Buy
1 8.3% Hold
0 0.0% Sell
0 0.0% Strong Sell

12-Month Price Target

6 analysts · 2026-10-01

Mean target $17.67 +73.2%

← Below all targets Current price $10.20
Low$16.00 Mean$17.67 High$20.00

Peer comparison (GICS sub-industry) Key metrics vs sector peers

22

FY basis, prices as of each company's last fiscal year-end close.

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
FENC $263M -22.6 -6.1% -21.8% -69.6% ·
AGEN $111M · 10.4% -2.7% 1.0% ·
IRD $140M -2.5 29.1% -349.3% -302.2% ·
ARCT $174M -2.6 -46.1% -80.2% -29.6% ·
ZNTL $93M -0.7 · · -49.5% ·
OCGN $422M -5.6 8.8% -1537.4% 1488.8% ·
INDP $6M -0.1 · · -2820.8% ·
SRZN · · · · · ·
CYPH $97M 16.6 · · 6.1% ·
ARTV · -1.3 -99.2% · · ·

My Metrics Your personal watchlist — selected rows from Full Fundamentals

26

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Source: SEC 10-Q filed Aug 13, 2026