Pardes Biosciences, Inc.

NasdaqGM:PRDS Stock Report

Market Cap: US$131.2m

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Pardes Biosciences Future Growth

Future criteria checks 0/6

We currently don't have sufficient analyst coverage to forecast growth and revenue for Pardes Biosciences.

Key information

36.6%

Earnings growth rate

39.34%

EPS growth rate

Biotechs earnings growth25.1%
Revenue growth raten/a
Future return on equityn/a
Analyst coverage

Low

Last updated17 Jul 2023

Recent future growth updates

Recent updates

Analysis Article • Jul 18

We're Keeping An Eye On Pardes Biosciences' (NASDAQ:PRDS) Cash Burn Rate

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com...
Analysis Article • Jan 20

Here's Why We're Watching Pardes Biosciences' (NASDAQ:PRDS) Cash Burn Situation

Just because a business does not make any money, does not mean that the stock will go down. For example, although...
Analysis Article • Oct 01

We Think Pardes Biosciences (NASDAQ:PRDS) Needs To Drive Business Growth Carefully

Just because a business does not make any money, does not mean that the stock will go down. For example, although...
Seeking Alpha • Sep 13

Pardes begins phase 2 trial of oral drug PBI-0451 for COVID-19

Pardes Biosciences (NASDAQ:PRDS) said it began a phase 2 trial of oral drug PBI-0451 to treat non-hospitalized symptomatic adults with COVID-19 who are not at increased risk of progressing to severe illness. The company expects to enroll 210 patients in the study at ~75 sites in the U.S. to evaluate antiviral activity, safety, and efficacy of PBI-0451, compared to placebo. The main goal will be to determine the proportion of patients below the detection limit (in nasal swab samples) for infectious SARS-CoV-2, on day three, the company said in a Sept. 13 press release. "PBI-0451 has the potential to be a stand-alone SARS-CoV-2 protease inhibitor that can be easily prescribed and administered to alleviate the burden of COVID-19 to patients and healthcare systems," said Pardes Chair and CEO Tom Wiggans. The company expects interim data from the study in Q1 2023.
Seeking Alpha • Aug 15

Pardes Biosciences GAAP EPS of -$0.48

Pardes Biosciences press release (NASDAQ:PRDS): Q2 GAAP EPS of -$0.48. Pardes’ cash and cash equivalents as of June 30, 2022, were $228.6M compared to $247.9M as of March 31, 2022. The company expects that the cash and cash equivalents it had on hand as of June 30, 2022, will be sufficient to fund operating expenses and capital expenditures into the second half of 2023.
Analysis Article • Jun 14

Pardes Biosciences (NASDAQ:PRDS) Is In A Good Position To Deliver On Growth Plans

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although...
Seeking Alpha • Jan 21

Pardes Biosciences: Advancing A Viral Protease Inhibitor Platform

Pardes Biosciences is developing a novel coronavirus protease inhibitor platform that is extendable to other variants and viruses. The company’s lead candidate demonstrated selective activity against multiple coronaviruses, including SARS-CoV-2 and its variants, and other viruses like SARS, MERS, and even related to common cold. The company recently consummated a business combination and began trading on NASDAQ from 12/27/2021.

Earnings and Revenue Growth Forecasts

NasdaqGM:PRDS - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/2025N/A-34N/AN/A1
12/31/2024N/A-33N/AN/A1
12/31/2023N/A-77N/AN/A1
6/30/2023N/A-76-79-79N/A
3/31/2023N/A-93-78-78N/A
12/31/2022N/A-97-72-72N/A
9/30/2022N/A-87-76-76N/A
6/30/2022N/A-75-67-67N/A
3/31/2022N/A-55-54-54N/A
12/31/2021N/A-39-37-37N/A
9/30/2021N/A-36-23-23N/A
6/30/2021N/A-27-14-14N/A
3/31/2021N/A-20-8-8N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: PRDS is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: PRDS is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: PRDS is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: Insufficient data to determine if PRDS's revenue is forecast to grow faster than the US market.

High Growth Revenue: PRDS is forecast to have no revenue next year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if PRDS's Return on Equity is forecast to be high in 3 years time

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2023/09/01 07:56
End of Day Share Price 2023/08/30 00:00
Earnings2023/06/30
Annual Earnings2022/12/31

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

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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

Pardes Biosciences, Inc. is covered by 3 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Douglas BuchananCitizens JMP Securities, LLC
Yuchen DingJefferies LLC
Roanna Clarissa RuizLeerink Partners LLC