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MLTX

MoonLake Immunotherapeutics AGdistress 4/10 · elevated risk
$18.62-2%today-70% from 52w high
moonlaketx.com130 employeesFounded 2021Zug, SwitzerlandBiotechnology
Immunology / Inflammation 2
Lead: Hidradenitis Suppurativa · target IL-17
Revenue
pre-revenue
Liquidity
$298M
Runway
1.3 yrs
Shares 1y

Price & events

+19.2% over 6M
$14.77$18.47$22.16Jan 26Apr 26Jul 265.5Mdilution: 424B5 offering (2026-06-24)dilution: 424B5 offering (2026-06-22)financing: 8-K material_agreement (2026-06-25)financing: 8-K material_agreement (2026-06-01)financing: 8-K material_agreement (2026-02-23)catalyst: PHASE3 sonelokimab (2026-06-30) — click to opencatalyst: PHASE3 sonelokimab (2026-06-30) — click to opencatalyst: PHASE3 sonelokimab (2026-06-30) — click to opencatalyst: PHASE2 sonelokimab (2026-03-31) — click to opencatalyst: sonelokimab (2026-02-23) — click to opencatalyst: PHASE2 sonelokimab (2026-02-23) — click to openrating: HC Wainwright & Co.: Buy (2026-07-20)rating: Leerink Partners: Outperform (2026-07-01)rating: BTIG: Buy (2026-06-09)rating: HC Wainwright & Co.: Buy (2026-06-08)rating: Needham: Buy (2026-05-12)rating: HC Wainwright & Co.: Buy (2026-05-11)rating: BTIG: Buy (2026-03-30)rating: Wolfe Research: Underperform → Outperform (2026-03-23)
CatalystRating changeDilutionFinancingdashed = today
-1.7%
1D
-2.1%
1W
-12.3%
1M
+10.0%
3M
+17.4%
6M
-66.6%
1Y
-59.3%
2Y
+86.2%
5Y
+71.8%
All

Overview

Market Cap
$1.37B
Enterprise Value
$1.17B
Volume
59.44K
52 Week Range
$6.25 – $61.99
Total Shares
73.62M
Float Shares
43.69M
Short %
10.89%
% Held by Insiders
8.58%
% Held by Institutions
79.71%
RVOL
0.04x
Beta
1.04

Pipeline stages · 1 programs

Sonelokimab
Preclin
Ph1
Ph2
Ph3
Filed
PDUFA
Approved
next 2026-09-28

Pipeline · 8 trials · 5 upcoming

ReadoutPhaseDrugIndicationEnrollStatus
2026-09-28
Estimated 50%
readout ~2026-12-12
Phase 3SonelokimabHidradenitis Suppurativaactive not recruiting
2027-01-15
Estimated 50%
readout ~2027-03-31
Phase 3Sonelokimab, RisankizumabArthritis, Psoriaticrecruiting
2027-02-04
Estimated 50%
readout ~2027-04-20
Phase 3SonelokimabArthritis, Psoriaticactive not recruiting
2028-02-04
Estimated 50%
readout ~2028-04-19
Phase 3SonelokimabArthritis, Psoriaticenrolling by invitation
2028-06-13
Estimated 50%
readout ~2028-08-27
Phase 3SonelokimabHidradenitis Suppurativaenrolling by invitation
Show all 8 trials · 3 more ▾
ReadoutPhaseDrugIndicationEnrollStatus
2025-11-01
Phase 1SonelokimabRelative Bioequivalence120completed
2025-09-02
Phase 3SonelokimabHidradenitis Suppurativa422completed
2025-08-14
Phase 3SonelokimabHidradenitis Suppurativa418completed

Catalyst news & presentations · 10

Approved drugs (0)

  • none — clinical-stage

Capital structure — dilution & financing

Shares out: 73,615,396 · 3 offerings/1y · 0 PIPEs
  • 2026-06-258-Kmaterial_agreement
  • 2026-06-24424B5offering
  • 2026-06-22424B5offering
  • 2026-06-018-Kmaterial_agreement
  • 2026-02-238-Kmaterial_agreement
  • 2025-11-058-Kmaterial_agreement
  • 2025-11-05424B5offering
🔒 Positioning — Pro
Short interest / days-to-cover, insider buys & sells.
Upgrade to Pro
🔒 Top holders — Pro
Institutional ownership + quarter-over-quarter accumulation/trimming.
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Wall St ratings

buy · target $28 (+50% upside) · 13 analysts
  • 2026-07-20HC Wainwright & Co.Buy
  • 2026-07-01Leerink PartnersOutperform
  • 2026-06-09BTIGBuy
  • 2026-06-08HC Wainwright & Co.Buy
  • 2026-05-12NeedhamBuy
  • 2026-05-11HC Wainwright & Co.Buy

Competitors — IL-17

  • none identified

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