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PTGX

Protagonist Therapeutics, Inc.distress 0/10 · well-funded / low risk
$134.44-1%today-5% from 52w high
protagonist-inc.com131 employeesFounded 2006Newark, CABiotechnology
Hematology 2
Lead: Obesity · est. market ~$15B (approx, global)
Revenue
pre-revenue
Liquidity
$620M
Runway
5.3 yrs
Shares 1y
+3%

Price & events

+58.6% over 6M
$79.73$110$141Jan 26Apr 26Jul 262.6Mcatalyst: PHASE1 PN-477sc (2026-06-30) — click to opencatalyst: PHASE1 PN-881 Oral Solution, PN-881 Oral Tablet (2026-06-15) — click to opencatalyst: PHASE3 Open-label rusfertide (2026-04-01) — click to openrating: Barclays: Overweight (2026-07-14)rating: Truist Securities: Buy (2026-07-07)rating: Citizens: Market Outperform (2026-05-06)rating: Wedbush: Outperform (2026-05-06)rating: Truist Securities: Buy (2026-04-15)rating: Clear Street: Buy (2026-04-07)rating: JP Morgan: Overweight (2026-03-19)rating: Leerink Partners: Outperform (2026-03-19)
CatalystRating changeDilutionFinancingdashed = today
-0.7%
1D
+1.8%
1W
+13.0%
1M
+31.0%
3M
+61.8%
6M
+148.1%
1Y
+251.5%
2Y
+185.9%
5Y
+585.9%
All

Overview

Market Cap
$8.65B
Volume
67.16K
52 Week Range
$50.96 – $141
Total Shares
64.31M
Float Shares
52.49M
Short %
13.91%
% Held by Insiders
0.71%
% Held by Institutions
125.33%
RVOL
0.08x
Beta
1.79

Pipeline stages · 3 programs

Open-label rusfertide
Preclin
Ph1
Ph2
Ph3
Filed
PDUFA
Approved
Rusfertide
Preclin
Ph1
Ph2
Ph3
Filed
PDUFA
Approved
PN-881 Oral Solution, PN-881 Oral Tablet
Preclin
Ph1
Ph2
Ph3
Filed
PDUFA
Approved

Pipeline · 3 trials · 0 upcoming

ReadoutPhaseDrugIndicationEnrollStatus
2026-06-15
Phase 1PN-881 Oral Solution, PN-881 Oral TabletHealthy Volunteer142recruiting
2026-04-01
Phase 3Open-label rusfertidePolycythemia Vera46active not recruiting
2025-02-21
Phase 3Rusfertideorphanfast trackPolycythemia Vera293active not recruiting

Catalyst news & presentations · 7

Approved drugs (0)

  • none — clinical-stage

Capital structure — dilution & financing

Shares out: 64,311,373 · 0 offerings/1y · 0 PIPEs
🔒 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

strong buy · target $125 (-7% upside) · 13 analysts
  • 2026-07-14BarclaysOverweight
  • 2026-07-07Truist SecuritiesBuy
  • 2026-05-06CitizensMarket Outperform
  • 2026-05-06WedbushOutperform
  • 2026-04-15Truist SecuritiesBuy
  • 2026-04-07Clear StreetBuy

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.