TradingView report covering SpyGlass Pharma Inc. (SGP) market action, institutional positioning, and fundamental catalysts.
Why SGP Stock slipped -0.83% Today — RQD Quant Desk Flash
SpyGlass Pharma Inc. (SGP) carries a Roarable Rating of D- (Sell) with 43/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.
🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief)
Is SGP stock a Buy, Hold, or Sell right now according to Roarable's RQD model?
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As of 2026-11-03, SpyGlass Pharma Inc. (NASDAQ: SGP) is rated D- (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 43/100 at a spot price of $32.24 (-0.83% 1D, market cap $1.08B). Pillar breakdown: Fundamental Cash Engine 7/20, Institutional 13F & Options Flow 15/20, Executive Insider Alignment 10/20, FRED Macro Regime Fit 8/20, and SEC Balance-Sheet Forensics 3/20. Across 1016 tracked Health Care issuers, SGP ranks #401 in composite RQD confidence.
🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief)
How does SGP compare to ATEC and PRCT in the Health Care sector?
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Within the Health Care sector (Medical/Dental Instruments), SGP carries a Roarable D- (43/100 RQD), trailing P/E of N/A, gross margin of —, and ROIC of -35.0%. By comparison, ATEC (Alphatec Holdings Inc.) holds a E grade (34/100 RQD, P/E N/A, ROIC -18.4%, cap $1.09B) and PRCT (PROCEPT BioRobotics Corporation) posts a D- grade (38/100 RQD, P/E N/A, ROIC -35.0%, cap $1.10B). Among the 5-stock peer group, BVS leads on earnings multiple (55.0x) while BVS leads on capital efficiency (10.4% ROIC).
🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief)
What are the biggest fundamental strengths and SEC risk factors for SGP?
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Per SGP's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001778922), SpyGlass Pharma Inc. generated $0 in revenue, -$39.9M in net income, and -$33.5M in free cash flow against $115.9M in total assets and $0 in total debt. Key quantitative strengths: Big institutional funds and options desks are actively positioning on the bullish side.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.
Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer
20D Institutional Volume Accumulation (±12.3% realized swing band)
Altman Z-Score 3.80 (FORTRESS SAFE (>3.0)) • Piotroski F-Score 2/9
Dilution Drag (+2.48% YoY Shares) & executive Form 4 sales trim 16 pts from alignment
⚔️ Adversarial Opposing Case: What Could Spark a SGP Turnaround Squeeze
While SGP currently carries a cautious 43/100 (D-) rating due to Insider Conviction & Share Dilution (4/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.
Big institutional funds and options desks are actively positioning on the bullish side.
Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($27.47) and Max Pain ($33.85) forces dealer call-delta covering toward $35.53.
Forensic Repair Trigger: Halting share dilution (Dilution Drag (+2.48% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.
Why SGP Stock slipped -0.83% Today — RQD Quant Desk Flash
SpyGlass Pharma Inc. (SGP) slipped -0.83% to $32.24, trading at 90% of its 52-week range ($17.06 – $33.84). Stretched risk/reward at current multiples (-35% return on capital) under elevated 10-year interest-rate pressure.
- ▸Technical Tape: Trading at 90% of its 52-week range ($17.06 – $33.84) with RSI-14 at 70.2 (OVERBOUGHT (>70)).
- ▸Volatility Profile: Historical 20-day realized swing band of ±12.3% around $32.24 (no active unusual options sweep snapshot on file).
- ▸Fundamental Anchor: Roarable D- (Sell) backed by 52% gross margin and $0 annual free cash flow.
MarketBeat report covering SpyGlass Pharma Inc. (SGP) market action, institutional positioning, and fundamental catalysts.
Simply Wall St report covering SpyGlass Pharma Inc. (SGP) market action, institutional positioning, and fundamental catalysts.
Stock Titan report covering SpyGlass Pharma Inc. (SGP) market action, institutional positioning, and fundamental catalysts.
MarketBeat report covering SpyGlass Pharma Inc. (SGP) market action, institutional positioning, and fundamental catalysts.
MarketBeat report covering SpyGlass Pharma Inc. (SGP) market action, institutional positioning, and fundamental catalysts.
MarketBeat report covering SpyGlass Pharma Inc. (SGP) market action, institutional positioning, and fundamental catalysts.
MarketBeat report covering SpyGlass Pharma Inc. (SGP) market action, institutional positioning, and fundamental catalysts.
SpyGlass Pharma (NasdaqGS:SGP) reported positive 4-year first in human trial data for its Bimatoprost Drug Pad IOL System in open angle glaucoma and ocular hypertension. The lead product showed sustained efficacy over fo
HC Wainwright & Co. analyst Yi Chen reiterates SpyGlass Pharma (NASDAQ:SGP) with a Buy and maintains $37 price target.
Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring SGP)
- ✓Walkthrough of SGP's RQD Radar, SEC cash-conversion gap & downside invalidation levels
- ✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
- ✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks
SGP Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure
Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).
vs. +6.0% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).
No active Ellis Vennor swing setup published on SGP today. View full Setup Ledger →
No direct multi-tier Butterfly edges indexed yet for SGP. Explore sector supply chains on /butterfly.
📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (SGP)
1. Head-to-Head Health Care Peer Comparison (SGP vs. ATEC, PRCT, AORT, BVS)
Industry: Medical/Dental Instruments (120 Tracked Issuers)Across 1016 tracked Health Care securities in the Roarable RQD universe, SpyGlass Pharma Inc. (SGP) ranks #401 by composite RQD confidence (43/100, grade D-) and #348 by equity capitalization ($1.08B). Within this direct 5-issuer industry benchmark cohort, BVS leads on earnings valuation at 55.0x trailing P/E, while BVS leads on capital efficiency and profitability with 10.4% ROIC and 68.3% gross margin. BVS currently holds the highest overall quantitative score in the immediate peer group at 61/100 (C-) compared with SGP at 43/100 (D-).
| Ticker / Company | Roarable Grade | RQD Score | Trailing P/E | Gross Margin | ROIC | 1D Change | Market Cap | Head-to-Head |
|---|---|---|---|---|---|---|---|---|
| SGP
ACTIVE
SpyGlass Pharma Inc. | D- | 43/100 | — | — | -35.0% | -0.83% | $1.08B | Benchmark Subject |
| ATEC Alphatec Holdings Inc. | E | 34/100 | — | 69.6% | -18.4% | -38.08% | $1.09B | /atec-vs-sgp → |
| PRCT PROCEPT BioRobotics Corporation | D- | 38/100 | — | 63.7% | -35.0% | -5.42% | $1.10B | /prct-vs-sgp → |
| AORT Artivion Inc. | D- | 40/100 | 117.0x | 64.4% | 4.5% | -3.67% | $1.10B | /aort-vs-sgp → |
| BVS Bioventus Inc. (Class A) | C- | 61/100 | 55.0x | 68.3% | 10.4% | -10.39% | $1.12B | /bvs-vs-sgp → |
2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2024–FY2025)
SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0001778922In its most recent audited fiscal period (FY2025, filed 2025-12-31), SpyGlass Pharma Inc. (SGP) reported GAAP revenue of $0 (N/A vs. FY2024 revenue of $0 ) , GAAP net income of -$39.9M, operating cash flow of -$32.7M, and free cash flow of -$33.5M (-39.4% YoY). On the balance sheet, SGP closed FY2025 with $115.9M in total assets against $0 in total debt (Altman Z-Score: N/A, Piotroski F-Score: 2/9).
| Fiscal Period | Filing Date | Revenue | Net Income | Operating Cash Flow | Free Cash Flow | Total Assets | Total Debt |
|---|---|---|---|---|---|---|---|
| FY2025 (FY) | 2025-12-31 | $0 | -$39.9M | -$32.7M | -$33.5M | $115.9M | — |
| FY2024 (FY) | 2024-12-31 | $0 | -$29.2M | -$22.0M | -$24.0M | $23.3M | — |
3. SGP Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)
✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLEDIs SGP stock a Buy, Hold, or Sell right now according to Roarable's RQD model?
As of 2026-11-03, SpyGlass Pharma Inc. (NASDAQ: SGP) is rated D- (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 43/100 at a spot price of $32.24 (-0.83% 1D, market cap $1.08B). Pillar breakdown: Fundamental Cash Engine 7/20, Institutional 13F & Options Flow 15/20, Executive Insider Alignment 10/20, FRED Macro Regime Fit 8/20, and SEC Balance-Sheet Forensics 3/20. Across 1016 tracked Health Care issuers, SGP ranks #401 in composite RQD confidence.
How does SGP compare to ATEC and PRCT in the Health Care sector?
Within the Health Care sector (Medical/Dental Instruments), SGP carries a Roarable D- (43/100 RQD), trailing P/E of N/A, gross margin of —, and ROIC of -35.0%. By comparison, ATEC (Alphatec Holdings Inc.) holds a E grade (34/100 RQD, P/E N/A, ROIC -18.4%, cap $1.09B) and PRCT (PROCEPT BioRobotics Corporation) posts a D- grade (38/100 RQD, P/E N/A, ROIC -35.0%, cap $1.10B). Among the 5-stock peer group, BVS leads on earnings multiple (55.0x) while BVS leads on capital efficiency (10.4% ROIC).
What are the biggest fundamental strengths and SEC risk factors for SGP?
Per SGP's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001778922), SpyGlass Pharma Inc. generated $0 in revenue, -$39.9M in net income, and -$33.5M in free cash flow against $115.9M in total assets and $0 in total debt. Key quantitative strengths: Big institutional funds and options desks are actively positioning on the bullish side.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.
Where is SGP trading relative to its 50-day, 200-day, and 52-week technical levels?
SGP last traded at $32.24 (-0.83% on volume of 94,152 shares), positioning the stock +17.36% above its 50-day simple moving average ($27.47) and +31.86% above its 200-day simple moving average ($24.45). Across its 52-week range of $17.06 to $33.84, SGP sits at the 90.5% percentile with a 14-day RSI of 70.2 (OVERBOUGHT (>70)) and an implied next-earnings move of ±12.3% ($28.27 to $36.21).
SGP Investor FAQ & Complete 8-Part Research Index
100% OPEN ACCESS • SEC EDGAR × CBOE × FREDWhy is SGP stock moving today?
Why SGP Stock slipped -0.83% Today — RQD Quant Desk Flash. Stretched risk/reward at current multiples (-35% return on capital) under elevated 10-year interest-rate pressure.
SGP — SpyGlass Pharma Inc.: What the Facts Mean to a Prospective Investor
Roarable Rating Brief: What This Means to a Prospective Investor
Per the Roarable RQD rating, SpyGlass Pharma scores 43 out of 100 with a letter grade of D- and the verdict label "Roarable Sell — Vulnerable Balance Sheet & Flow." Across the five pillars:
- Fundamental Cash Engine: 7 / 20. The lowest-scoring pillar is tied to a ROIC of -35% and an FCF yield of -3.08%. For a prospective investor, this means the business is currently consuming capital rather than generating it relative to the capital invested. Any valuation case must rest on future cash generation that the source data does not show yet.
- Whale 13F Flow: 15 / 20. Institutional accumulation and options positioning score moderately well. This suggests some institutional interest, though the source data does not itemize holdings, so the strength of this signal cannot be verified here.
- Insider Conviction: 3 / 20. SEC Form 4 and Congressional PTR cluster flow scores very weakly. The implication is that insider activity in the source data does not signal strong management conviction.
- Macro Regime Fit: 8 / 20. With a beta of 1.0 and a sector-sensitivity read, the stock tracks broad market movement without an identified defensive offset in the source data.
- Forensic Balance Sheet: 10 / 20. Altman Z-Score of 2.5, Piotroski F-Score of 2/9, and Debt/Equity of 0.5 together point to a balance sheet that carries meaningful financial-health questions despite moderate leverage.
Overall, the upside case depends on a turn in cash generation and on continued institutional support, while the downside case is anchored in negative ROIC, weak insider signals, and a weak Piotroski reading. Valuation tradeoffs are difficult to assess because earnings-based multiples are not available in source data.
Business
SpyGlass Pharma Inc. is a NASDAQ-listed issuer in the Health Care sector, within the Medical/Dental Instruments industry. Per the profile, the company has a market capitalization of $1.1B. The source data does not describe its products, customers, or specific revenue model. Reported revenue for FY 2025 and FY 2024 is $0.0M in each period, so the source data does not show a revenue-generating operating base in the reported periods.
Financial Trend
| Period | Revenue | Operating Income | Net Income | EPS | FCF | Cash | Debt |
|---|---|---|---|---|---|---|---|
| FY 2025 | $0.0M | $-41.4M | $-39.9M | N/A | $-33.5M | $96.4M | N/A |
| FY 2024 | $0.0M | $-27.1M | $-29.2M | N/A | $-24.0M | $16.3M | N/A |
Per the SEC financials, both reported periods show operating losses, net losses, and negative free cash flow. Gross, operating, and net margins are each listed at 0%. ROIC is -35%, and per the Roarable RQD rating the Altman Z-Score is 2.5 and the Piotroski F-Score is 2/9. Cash increased from $16.3M to $96.4M between the two periods, while debt is reported as N/A in both.
Recent Catalysts & News Wire Analysis
Per the recent news and catalysts feed, six items are tagged to SGP:
- A TradingView estimates report (YELLOW, Market Wire) and a MarketBeat gap-up item (YELLOW, Market Wire) refer to short-term price action and positioning without specific detail.
- A Simply Wall St item (YELLOW, Market Wire) refers to four-year trial data and whether the stock trades below fair value.
- A Stock Titan item (RED, Risk Watch) reports that four years on, 18 of 21 patients remained off eye-pressure drops. This is the only item flagged as a risk watch.
- A MarketBeat item (YELLOW, Market Wire) refers to an average price target of $44.00.
- A second MarketBeat gap-up item (YELLOW, Market Wire) refers to a price move without further detail.
Per the Butterfly Supply-Chain Graph, there are no supply-chain links and no proprietary signals for this ticker.
Open Questions
- What products or services generate the company's commercial activity, given zero reported revenue in both periods?
- What is the company's debt position, since debt is reported as N/A in both periods despite a Debt/Equity ratio of 0.5?
- What is the path to positive free cash flow and improved ROIC, and what cash runway does the $96.4M cash balance provide at the FY 2025 burn rate?
- Who issued the $44.00 average price target, and what is the analyst coverage behind it?
- What did the four-year trial data show in full, and how does it bear on the company's near-term financial trajectory?
SGP Live News Feed, Press Releases & Catalyst Wire
Real-time company headlines, analyst actions, and sector developments for SpyGlass Pharma Inc. (SGP) • Click "Debate This Headline" to argue it in the Roar Pit below
TradingView report covering SpyGlass Pharma Inc. (SGP) market action, institutional positioning, and fundamental catalysts.
MarketBeat report covering SpyGlass Pharma Inc. (SGP) market action, institutional positioning, and fundamental catalysts.
Simply Wall St report covering SpyGlass Pharma Inc. (SGP) market action, institutional positioning, and fundamental catalysts.
Stock Titan report covering SpyGlass Pharma Inc. (SGP) market action, institutional positioning, and fundamental catalysts.
MarketBeat report covering SpyGlass Pharma Inc. (SGP) market action, institutional positioning, and fundamental catalysts.
MarketBeat report covering SpyGlass Pharma Inc. (SGP) market action, institutional positioning, and fundamental catalysts.
MarketBeat report covering SpyGlass Pharma Inc. (SGP) market action, institutional positioning, and fundamental catalysts.
MarketBeat report covering SpyGlass Pharma Inc. (SGP) market action, institutional positioning, and fundamental catalysts.
SGP Bull vs. Bear Conversation Board — What's Your Call at $32.24?
🔥 Official Bull vs. Bear Debate: Is SGP (D- • RQD 43/100) a Buy at $32.51?
Welcome to the SGP (SpyGlass Pharma Inc.) Roar Pit. Current RQD Composite is 43/100 (Roarable Sell — Vulnerable Balance Sheet & Flow) in Medical/Dental Instruments. Bulls point to operating leverage and sector positioning, while bears focus on macro rate sensitivity and margin execution. Pick your side (🐂 Bull or 🐻 Bear) and drop your price target below.
Pump the brakes on SGP — check the valuation vs. margin headwinds
Everyone in here is repeating the bull case on SGP, but look at what you are paying: current EV/EBITDA multiples with tightening sector spreads. Unless SpyGlass Pharma Inc. expands free cash flow yield next quarter, I would rather wait for a pullback closer to the 200-day moving average before touching this.
SGP cash flow & RQD setup is being underpriced by the Street here
Looking at the 5-pillar RQD breakdown on SGP, the market is fixating on short-term headline noise in Medical/Dental Instruments and ignoring the balance sheet and cash flow trajectory. At $32.51 (52-wk range $17.06 - $33.84), any beat on forward guidance forces shorts and underweight funds to chase.