Loading...
ARCT logo

Arcturus Therapeutics Holdings Inc.NasdaqGM:ARCT Stock Report

Market Cap US$199.8m
Share Price
US$7.03
US$54.97
87.2% undervalued intrinsic discount
1Y-42.4%
7D-5.9%
1D
Portfolio Value
View

Arcturus Therapeutics Holdings Inc.

NasdaqGM:ARCT Stock Report

Market Cap: US$199.8m

Arcturus Therapeutics Holdings (ARCT) Stock Overview

A messenger RNA medicines company, focuses on the development of liver and respiratory rare disease therapeutics. More details

ARCT fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance0/6
Financial Health6/6
Dividends0/6

ARCT Community Fair Values

Create Narrative

See what 51 others think this stock is worth. Follow their fair value or set your own to get alerts.

Arcturus Therapeutics Holdings Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Arcturus Therapeutics Holdings
Historical stock prices
Current Share PriceUS$7.03
52 Week HighUS$24.17
52 Week LowUS$5.85
Beta2.43
1 Month Change-18.16%
3 Month Change-8.34%
1 Year Change-42.38%
3 Year Change-74.13%
5 Year Change-75.94%
Change since IPO-29.77%

Recent News & Updates

New Narrative May 22

Arcturus Therapeutics: Strategic opportunities beyond CSL

CSL has turned a promising collaboration into a significant liability. The pivot away from CSL towards new collaboration partners could multiply the market capitalization of Arcturus Therapeutics.
Narrative Update May 17

ARCT: Future Returns Will Hinge On Rare Disease Program Execution

Analysts updated their price targets on Arcturus Therapeutics to a tighter range around $8, reflecting revised models that trim COVID-related expectations while emphasizing ongoing progress in cystic fibrosis and ornithine transcarbamylase deficiency programs, along with mixed but generally constructive views on the stock's risk and reward profile. Analyst Commentary Street research around Arcturus Therapeutics has tightened around more conservative assumptions, with several bearish analysts trimming price targets and highlighting execution risk around key programs.
Analysis Article May 12

Arcturus Therapeutics Holdings Inc. (NASDAQ:ARCT) Consensus Forecasts Have Become A Little Darker Since Its Latest Report

As you might know, Arcturus Therapeutics Holdings Inc. ( NASDAQ:ARCT ) recently reported its first-quarter numbers...
Narrative Update May 02

ARCT: CF And OTCD Pipeline Progress Will Support Future Share Price Upside

Analysts have adjusted their price targets on Arcturus Therapeutics to a lower range, now spanning roughly $8 to $25, as they recalibrate models following Q4 updates, remove the LUNAR COVID profit share, and balance ongoing execution questions with continued confidence in the ARCT-032 and ARCT-810 programs. Analyst Commentary Recent Street research shows that while price targets on Arcturus Therapeutics have moved to a lower band, some bullish analysts still see room for upside based on the company’s clinical pipeline and execution on key programs.

Recent updates

New Narrative May 22

Arcturus Therapeutics: Strategic opportunities beyond CSL

CSL has turned a promising collaboration into a significant liability. The pivot away from CSL towards new collaboration partners could multiply the market capitalization of Arcturus Therapeutics.
Narrative Update May 17

ARCT: Future Returns Will Hinge On Rare Disease Program Execution

Analysts updated their price targets on Arcturus Therapeutics to a tighter range around $8, reflecting revised models that trim COVID-related expectations while emphasizing ongoing progress in cystic fibrosis and ornithine transcarbamylase deficiency programs, along with mixed but generally constructive views on the stock's risk and reward profile. Analyst Commentary Street research around Arcturus Therapeutics has tightened around more conservative assumptions, with several bearish analysts trimming price targets and highlighting execution risk around key programs.
Analysis Article May 12

Arcturus Therapeutics Holdings Inc. (NASDAQ:ARCT) Consensus Forecasts Have Become A Little Darker Since Its Latest Report

As you might know, Arcturus Therapeutics Holdings Inc. ( NASDAQ:ARCT ) recently reported its first-quarter numbers...
Narrative Update May 02

ARCT: CF And OTCD Pipeline Progress Will Support Future Share Price Upside

Analysts have adjusted their price targets on Arcturus Therapeutics to a lower range, now spanning roughly $8 to $25, as they recalibrate models following Q4 updates, remove the LUNAR COVID profit share, and balance ongoing execution questions with continued confidence in the ARCT-032 and ARCT-810 programs. Analyst Commentary Recent Street research shows that while price targets on Arcturus Therapeutics have moved to a lower band, some bullish analysts still see room for upside based on the company’s clinical pipeline and execution on key programs.
Narrative Update Apr 18

ARCT: Future Execution Risks Will Drive Sensitivity To Pipeline Milestones

Analysts have modestly adjusted the average price target on Arcturus Therapeutics Holdings, reflecting updated assumptions around program execution, mixed Q4 commentary, and the removal of certain COVID-related profit share contributions, while still citing ongoing interest in cystic fibrosis and ornithine transcarbamylase deficiency programs. Analyst Commentary Recent Street research on Arcturus Therapeutics Holdings reflects a mix of cautious and constructive views, with several firms recalibrating their models after the latest Q4 update.
Narrative Update Apr 02

ARCT: Fair Value View Balances Execution Concerns With Pipeline Progress

Analysts have raised the fair value estimate for Arcturus Therapeutics Holdings to $8.00 from $7.00, based on updated models that incorporate more conservative revenue expectations, higher projected profit margins and recent Street research that reduces longer term targets while still highlighting clinical progress in key programs. Analyst Commentary Recent Street research around Arcturus Therapeutics shows a mix of cautious and constructive views, with several firms revising their models after the latest quarterly update and pipeline commentary.
Narrative Update Mar 19

ARCT: CF And OTCD mRNA Pipeline Progress Will Drive Future Upside

Analysts have reset their models on Arcturus Therapeutics Holdings, cutting the implied fair value estimate from about $72 to about $55 as they factor in more conservative profit margins, a slightly higher discount rate, removal of COVID-related upside, and a sharper focus on the cystic fibrosis and ornithine transcarbamylase deficiency pipelines. Analyst Commentary Recent Street research on Arcturus Therapeutics Holdings shows a wide range of fair value views, but several bullish analysts continue to see upside potential even after cutting price targets and removing COVID-related assumptions from their models.
Narrative Update Mar 04

ARCT: Elevated Future P/E Assumptions Will Pressure Execution Risk Outlook

Analysts have raised their price target on Arcturus Therapeutics Holdings to $7.00, reflecting updated assumptions around discount rates, revenue growth, margins and future P/E, supported by a recent bullish initiation from Roth Capital and similar research commentary from other firms. Analyst Commentary While some research has turned more constructive, you are also seeing a thread of caution in recent commentary on Arcturus Therapeutics Holdings.
Narrative Update Feb 18

ARCT: Bullish Coverage And Execution Risks Will Shape Fairly Valued Outlook

Analysts have raised their price target on Arcturus Therapeutics Holdings to $7.00, up from $7, citing a new bullish initiation that highlights the company’s fair value, long term revenue and margin assumptions, and expected future P/E as key supports for the revised view. Analyst Commentary While the new initiation frames US$7.00 as a reasonable reference point, bearish analysts continue to flag risks that could pressure the stock if execution does not line up with the assumptions behind that fair value, especially around long term revenue, margins, and the P/E that is being used in models.
Seeking Alpha Feb 12

Arcturus Therapeutics: Two Catalysts, One Runway, And A Stock Priced For Failure

Summary Arcturus Therapeutics now centers on ARCT-032 (cystic fibrosis) and ARCT-810 (OTC deficiency), with Covid assets as secondary cash support. ARCT is priced as a busted biotech with optionality; cash runway extends to 2028, but clinical and regulatory risks remain significant. ARCT-032’s 12-week trial and ARCT-810’s FDA alignment are key re-rating catalysts; both programs face pivotal data and regulatory endpoints. Market skepticism is reflected in ARCT’s sub-1 P/BV and low P/S multiples, but positive trial outcomes could drive rapid multiple expansion. Read the full article on Seeking Alpha
Narrative Update Feb 02

ARCT: Bullish Coverage And Higher Future P/E Will Frame Execution Risks

Analysts have lifted their price target on Arcturus Therapeutics Holdings, pointing to a fair value view of US$7.00 per share. This is supported by a slightly lower discount rate, a more conservative revenue growth outlook and a higher assumed future P/E multiple, with recent bullish Street research helping to justify the updated stance.
Narrative Update Jan 19

ARCT: Neutral Downgrade And Fair Value View Will Frame Execution Risks

Analysts reduced their fair value estimate for Arcturus Therapeutics Holdings from US$9.00 to US$7.00, citing updated assumptions for discount rate, revenue growth, profit margin and future P/E following the recent downgrade to Neutral by Street research. Analyst Commentary Bearish analysts are signaling a more cautious stance on Arcturus Therapeutics Holdings, with the recent downgrade to Neutral framing the stock as more of a wait and see situation rather than a clear opportunity at current levels.
Narrative Update Jan 05

ARCT: Neutral Downgrade Will Set Up Potential Upside Repricing

Analysts have reduced their price target for Arcturus Therapeutics Holdings from US$42 to US$9, citing updated assumptions for the discount rate, revenue trends, and a lower forward P/E multiple, along with recent rating changes such as the downgrade to Neutral. Analyst Commentary Bearish analysts are signaling a more cautious stance on Arcturus Therapeutics Holdings, with the move to a Neutral rating reinforcing the cut in the price target from US$42 to US$9.
Narrative Update Dec 14

ARCT: Orphan mRNA Cystic Fibrosis Program Will Drive Future Upside

Analysts lowered their price target on Arcturus Therapeutics Holdings to 72 dollars from 128.81 dollars, reflecting a more cautious stance despite higher projected revenue growth and profit margins. They are reassessing valuation multiples and risk following recent rating actions.
Analysis Article Oct 28

The Market Doesn't Like What It Sees From Arcturus Therapeutics Holdings Inc.'s (NASDAQ:ARCT) Revenues Yet As Shares Tumble 52%

Arcturus Therapeutics Holdings Inc. ( NASDAQ:ARCT ) shares have had a horrible month, losing 52% after a relatively...
Analysis Article Aug 29

Improved Revenues Required Before Arcturus Therapeutics Holdings Inc. (NASDAQ:ARCT) Stock's 32% Jump Looks Justified

Arcturus Therapeutics Holdings Inc. ( NASDAQ:ARCT ) shareholders have had their patience rewarded with a 32% share...
Narrative Update Aug 15

Late-Stage Trials And Vaccine Partnerships Will Strengthen Market Potential

Analysts maintained an Overweight rating and reiterated a $47 price target for Arcturus Therapeutics Holdings, citing anticipated positive catalysts from the upcoming Phase 2 Cystic Fibrosis program readout in early Q3, while the consensus analyst price target remained unchanged at $70.89. Analyst Commentary Addition of an "upside 90-day catalyst watch" due to the upcoming Cystic Fibrosis program catalyst expected in early Q3.
Analysis Article Jul 31

Is Arcturus Therapeutics Holdings (NASDAQ:ARCT) Weighed On By Its Debt Load?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article May 04

Arcturus Therapeutics Holdings Inc.'s (NASDAQ:ARCT) Price Is Right But Growth Is Lacking After Shares Rocket 41%

Arcturus Therapeutics Holdings Inc. ( NASDAQ:ARCT ) shareholders are no doubt pleased to see that the share price has...
User avatar
New Narrative Apr 26

KOSTAIVE Approval And Upcoming Vaccine Trials Will Open New Markets

European approval of the mRNA COVID-19 vaccine could significantly boost sales through broader market access in 31 countries.
Analysis Article Mar 20

Benign Growth For Arcturus Therapeutics Holdings Inc. (NASDAQ:ARCT) Underpins Stock's 26% Plummet

Arcturus Therapeutics Holdings Inc. ( NASDAQ:ARCT ) shareholders won't be pleased to see that the share price has had a...
Analysis Article Mar 09

Analysts Have Lowered Expectations For Arcturus Therapeutics Holdings Inc. (NASDAQ:ARCT) After Its Latest Results

Arcturus Therapeutics Holdings Inc. ( NASDAQ:ARCT ) just released its latest yearly report and things are not looking...
Seeking Alpha Jan 28

Arcturus: Downgrading As mRNA Promise Meets Market Reality

Summary Arcturus Therapeutics Holdings Inc. stock is down 46% since Sept. 2023 coverage; mRNA sector faces headwinds with public skepticism (35% comfortable with technology) and challenges translating success beyond COVID-19 vaccines. ARCT-810 for OTCD (Phase 2 data 1H '25) must prove IV dosing every 2 weeks is worth better outcomes vs. current treatments; ammonia reduction key measure of success. ARCT-032 for CF (Phase 2 data 1H '25) targets a limited population ineligible for standard care; faces tough competition from Vertex's Trikafta (14% FEV1 improvement). Vaccine programs (COVID/flu) seem commercially challenged; late to market vs. Moderna/Pfizer with no clear differentiation in crowded space. $237M cash ($6.5M monthly burn) provides runway to 2027, but upcoming trial results in 1H '25 critical; downgrading to “sell” until clear differentiation emerges. Read the full article on Seeking Alpha
Seeking Alpha Nov 14

Arcturus: LUNAR-CF For CF Presses On With 1st Half Of 2025 Interim Data

Summary Interim results from phase 2 proof-of-concept study, using LUNAR-CF for treatment of patients with Cystic Fibrosis, expected 1st half of 2025. The global Cystic Fibrosis market size is projected to reach $62.57 billion by 2032. Interim results from phase 2 proof-of-concept study, using LUNAR-OTC for treatment of patients with OTC Deficiency, expected 1st half of 2025. CHMP opinion on KOSATIVE for Covid-19 expected December of 2025; Company has earned up to $462.1 million in milestone and upfront payments from CSL as of September 30th 2024. Read the full article on Seeking Alpha
Analysis Article Oct 04

Improved Revenues Required Before Arcturus Therapeutics Holdings Inc. (NASDAQ:ARCT) Stock's 28% Jump Looks Justified

Arcturus Therapeutics Holdings Inc. ( NASDAQ:ARCT ) shareholders would be excited to see that the share price has had a...
Analysis Article Sep 06

Here's Why We're Not Too Worried About Arcturus Therapeutics Holdings' (NASDAQ:ARCT) Cash Burn Situation

Just because a business does not make any money, does not mean that the stock will go down. For example, although...
Seeking Alpha Aug 09

High-Risk, High-Reward: Arcturus Nears Commercialization Of Kostaive Vaccine

Summary Arcturus is close to launching the Kostaive COVID-19 vaccine in Japan, with ongoing work on variant protection and influenza vaccine. The company has been able to consistently derive research revenues, maintaining liquidity and avoiding debt, with potential for significant revenue from vaccine orders. Valuation suggests Arcturus may be undervalued compared to peers, with a revised model showing potential for significant revenue growth by 2026. Read the full article on Seeking Alpha
Seeking Alpha Jun 08

Arcturus: A Hidden Gem In The Biotech Sector

Summary Arcturus is a top pick in the biotech sector with a strong stock market performance. The company generates revenue from research and development partnerships, which helps conserve cash. The launch of the Kostaive vaccine and other programs are expected to drive revenue growth in the short and long term. Read the full article on Seeking Alpha
Analysis Article May 29

Arcturus Therapeutics Holdings Inc.'s (NASDAQ:ARCT) Share Price Boosted 45% But Its Business Prospects Need A Lift Too

Arcturus Therapeutics Holdings Inc. ( NASDAQ:ARCT ) shareholders are no doubt pleased to see that the share price has...
Seeking Alpha Apr 23

Arcturus Therapeutics' ARCT-032: Might Be The Next Breakthrough In Cystic Fibrosis

Summary Arcturus Therapeutics' ARCT-032 gene therapy for cystic fibrosis has been designated as an "orphan drug" in the U.S. and Europe. The therapy has the potential to generate significant revenues, similar to Vertex Pharmaceuticals' Trikafta treatment. ARCT's financial status is currently unstable, but the company has the potential to become profitable with the success of ARCT-032 and other therapies. Read the full article on Seeking Alpha
Analysis Article Apr 09

Arcturus Therapeutics Holdings (NASDAQ:ARCT) Is In A Strong Position To Grow Its Business

Just because a business does not make any money, does not mean that the stock will go down. For example, although...
Analysis Article Feb 06

Arcturus Therapeutics Holdings Inc.'s (NASDAQ:ARCT) Price Is Right But Growth Is Lacking

With a price-to-sales (or "P/S") ratio of 3.2x Arcturus Therapeutics Holdings Inc. ( NASDAQ:ARCT ) may be sending very...
Seeking Alpha Jan 31

Arcturus: H1 2024 Rare Disease Drug Data On Deck

Summary Arcturus Therapeutics Holdings Inc. interim results from the phase 1b study, using ARCT-032 for the treatment of patients with Cystic Fibrosis, are expected in the 1st half of 2024. The global Cystic Fibrosis market is projected to grow to $12.9 billion by 2030. Interim results from the phase 2 study, using ARCT-810 for the treatment of patients with OTC Deficiency, are expected in the 1st half of 2024. Received approval with partner CSL in Japan for ARCT-154 as the first self-amplifying mRNA vaccine for adults with COVID-19. Read the full article on Seeking Alpha
Analysis Article Jan 11

Does Arcturus Therapeutics Holdings (NASDAQ:ARCT) Have A Healthy Balance Sheet?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Dec 14

Are Investors Undervaluing Arcturus Therapeutics Holdings Inc. (NASDAQ:ARCT) By 46%?

Key Insights Arcturus Therapeutics Holdings' estimated fair value is US$47.95 based on 2 Stage Free Cash Flow to Equity...
Analysis Article Sep 14

Arcturus Therapeutics Holdings Inc.'s (NASDAQ:ARCT) Shares Lagging The Industry But So Is The Business

Arcturus Therapeutics Holdings Inc.'s ( NASDAQ:ARCT ) price-to-sales (or "P/S") ratio of 2.9x might make it look like a...
Analysis Article Aug 08

Some Arcturus Therapeutics Holdings Inc. (NASDAQ:ARCT) Analysts Just Made A Major Cut To Next Year's Estimates

Today is shaping up negative for Arcturus Therapeutics Holdings Inc. ( NASDAQ:ARCT ) shareholders, with the analysts...
Analysis Article Jul 19

Calculating The Fair Value Of Arcturus Therapeutics Holdings Inc. (NASDAQ:ARCT)

Key Insights Using the 2 Stage Free Cash Flow to Equity, Arcturus Therapeutics Holdings fair value estimate is US$33.33...

Shareholder Returns

ARCTUS BiotechsUS Market
7D-5.9%1.2%1.1%
1Y-42.4%34.6%28.7%

Return vs Industry: ARCT underperformed the US Biotechs industry which returned 34.6% over the past year.

Return vs Market: ARCT underperformed the US Market which returned 28.7% over the past year.

Price Volatility

Is ARCT's price volatile compared to industry and market?
ARCT volatility
ARCT Average Weekly Movement8.4%
Biotechs Industry Average Movement10.8%
Market Average Movement7.2%
10% most volatile stocks in US Market16.5%
10% least volatile stocks in US Market3.1%

Stable Share Price: ARCT has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: ARCT's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2013109Joe Paynearcturusrx.com

Arcturus Therapeutics Holdings Inc., a messenger RNA medicines company, focuses on the development of liver and respiratory rare disease therapeutics. Its technology platforms include STARR, a self-amplifying mRNA technology platform, and LUNAR, a lipid-mediated delivery system. The company also develops ARCT-032 (LUNAR-CF), an mRNA therapeutic candidate for cystic fibrosis that is in Phase 2 clinical development; and ARCT-810 (LUNAR-OTC), which is in Phase 2 clinical development to address ornithine transcarbamylase (OTC) deficiency.

Arcturus Therapeutics Holdings Inc. Fundamentals Summary

How do Arcturus Therapeutics Holdings's earnings and revenue compare to its market cap?
ARCT fundamental statistics
Market capUS$199.81m
Earnings (TTM)-US$78.67m
Revenue (TTM)US$54.71m
3.7x
P/S Ratio
-2.5x
P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ARCT income statement (TTM)
RevenueUS$54.71m
Cost of RevenueUS$98.85m
Gross Profit-US$44.14m
Other ExpensesUS$34.54m
Earnings-US$78.67m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)-2.77
Gross Margin-80.67%
Net Profit Margin-143.80%
Debt/Equity Ratio0%

How did ARCT perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/24 07:37
End of Day Share Price 2026/05/22 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Arcturus Therapeutics Holdings Inc. is covered by 23 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Huidong WangBarclays
Mayank MamtaniB. Riley Securities, Inc.
Thomas ShraderBTIG