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AARD

Aardvark Therapeutics, Inc.distress 5/10 · elevated risk
$6.50+0%today-63% from 52w high
aardvarktherapeutics.com40 employeesFounded 2017San Diego, CABiotechnology
Lead: obesity · est. market ~$15B (approx, global)
Revenue
pre-revenue
Liquidity
$91M
Runway
1.5 yrs
Shares 1y
+1%

Price & events

-56.9% over 6M
$3.48$9.28$15.08Jan 26Apr 26Jul 264.1Mdilution: EFFECT shelf_effective (2026-04-03)dilution: 424B5 offering (2026-04-03)dilution: S-3 shelf_registration (2026-03-23)financing: 8-K material_agreement (2026-03-24)catalyst: PHASE2 ARD-201 (2026-06-30) — click to opencatalyst: PHASE2 ARD-201 (2026-06-30) — click to openrating: HC Wainwright & Co.: Neutral (2026-07-20)rating: Morgan Stanley: Equal-Weight → Underweight (2026-05-15)rating: B. Riley Securities: Buy (2026-05-15)rating: BTIG: Buy → Neutral (2026-05-15)rating: BTIG: Buy (2026-03-24)rating: Morgan Stanley: Overweight → Equal-Weight (2026-03-02)rating: BTIG: Buy (2026-03-02)rating: HC Wainwright & Co.: Buy → Neutral (2026-03-02)
CatalystRating changeDilutionFinancingdashed = today
+0.3%
1D
+2.7%
1W
+53.7%
1M
+21.0%
3M
-56.7%
6M
-54.3%
1Y
2Y
5Y
-54.6%
All

Overview

Market Cap
$141.81M
Volume
13.41K
52 Week Range
$3.48 – $17.41
Total Shares
21.82M
Float Shares
10.91M
Short %
3.67%
% Held by Insiders
16.12%
% Held by Institutions
56.23%
RVOL
0.04x

Pipeline stages · 1 programs

Low Dose ARD-501, High Dose ARD-501
Preclin
Ph1
Ph2
Ph3
Filed
PDUFA
Approved

Pipeline · 1 trials · 0 upcoming

ReadoutPhaseDrugIndicationEnrollStatus
2025-01-13
Phase 2Low Dose ARD-501, High Dose ARD-501Autism Spectrum Disorder5completed

Catalyst news & presentations · 7

Approved drugs (0)

  • none — clinical-stage

Capital structure — dilution & financing

Shares out: 21,816,385 · 1 offerings/1y · 0 PIPEs
  • 2026-04-03424B5offering
  • 2026-04-03EFFECTshelf_effective
  • 2026-03-248-Kmaterial_agreement
  • 2026-03-23S-3shelf_registration
  • 2025-02-13424B4offering
  • 2025-02-12EFFECTshelf_effective
  • 2025-02-06S-1/Ashelf_registration
🔒 Positioning — Pro
Short interest / days-to-cover, insider buys & sells.
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🔒 Top holders — Pro
Institutional ownership + quarter-over-quarter accumulation/trimming.
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Wall St ratings

buy · target $15 (+123% upside) · 10 analysts
  • 2026-07-20HC Wainwright & Co.Neutral
  • 2026-05-15Morgan StanleyEqual-Weight → Underweight
  • 2026-05-15B. Riley SecuritiesBuy
  • 2026-05-15BTIGBuy → Neutral
  • 2026-03-24BTIGBuy
  • 2026-03-02Morgan StanleyOverweight → Equal-Weight

Competitors — obesity

  • LLYELI LILLY & Co$1094.4B · D3
  • AMGNAMGEN INC$195.4B · D3
  • GPCRStructure Therapeutics Inc.$11.2B · D4
  • RYTMRHYTHM PHARMACEUTICALS, INC.$7.0B · D0
  • MBXMBX Biosciences, Inc.$2.8B · D2
  • WVEWave Life Sciences Ltd.$1.1B · D1
  • CRBPCorbus Pharmaceuticals Holdings, Inc.$164M · D7
  • GUTSFRACTYL HEALTH, INC.$123M · D9
  • MTVAMetaVia Inc.$8M · D7
  • NONOFNOVO NORDISK A S · D2

Not financial advice. Data: ClinicalTrials.gov, SEC EDGAR, FINRA, Nasdaq, Yahoo.