ZLNA Stock Overview

Develops T-cell receptor (TCR) cellular immunotherapy products for the treatment of solid cancers. More details

ZLNA fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	5/6
Dividends	0/6

Risk Analysis

Has less than 1 year of cash runway

Makes less than USD$1m in revenue (NOK53K)

Earnings have declined by 27.2% per year over past 5 years

Does not have a meaningful market cap (NOK272M)

+ 1 more risk

Community vs My Fair Value

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Zelluna ASA Competitors

Price History & Performance

Summary of share price highs, lows and changes for Zelluna
Historical stock prices
Current Share Price	NOK 13.43
52 Week High	NOK 22.50
52 Week Low	NOK 12.00
Beta	0
1 Month Change	-21.02%
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-34.51%

Recent updates

Shareholder Returns

	ZLNA	NO Biotechs	NO Market
7D	-2.4%	-3.0%	-1.3%
1Y	n/a	-52.2%	0.5%

Return vs Industry: Insufficient data to determine how ZLNA performed against the Norwegian Biotechs industry.

Return vs Market: Insufficient data to determine how ZLNA performed against the Norwegian Market.

Price Volatility

Is ZLNA's price volatile compared to industry and market?
ZLNA volatility
ZLNA Average Weekly Movement	10.4%
Biotechs Industry Average Movement	9.8%
Market Average Movement	6.3%
10% most volatile stocks in NO Market	12.5%
10% least volatile stocks in NO Market	3.6%

Stable Share Price: ZLNA's share price has been volatile over the past 3 months compared to the Norwegian market.

Volatility Over Time: Insufficient data to determine ZLNA's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2016	27	Namir Hassan	www.zelluna.com

Zelluna ASA develops T-cell receptor (TCR) cellular immunotherapy products for the treatment of solid cancers. The company was founded in 2016 and is based in Oslo, Norway.

Zelluna ASA Fundamentals Summary

How do Zelluna's earnings and revenue compare to its market cap?
ZLNA fundamental statistics
Market cap	NOK 271.57m
Earnings (TTM)	-NOK 100.73m
Revenue (TTM)	NOK 53.00k

5,124x

P/S Ratio

-2.7x

P/E Ratio

Is ZLNA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ZLNA income statement (TTM)
Revenue	NOK 53.00k
Cost of Revenue	NOK 0
Gross Profit	NOK 53.00k
Other Expenses	NOK 100.79m
Earnings	-NOK 100.73m

Last Reported Earnings

Mar 31, 2025

Next Earnings Date

Aug 20, 2025

Earnings per share (EPS)	-4.98
Gross Margin	100.00%
Net Profit Margin	-190,060.38%
Debt/Equity Ratio	0%

How did ZLNA perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/23 04:02
End of Day Share Price	2025/05/23 00:00
Earnings	2025/03/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Zelluna ASA is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Zelluna OB:ZLNA Stock Report