Positive context积极背景
Stocks股票 / Health Care / AQST
Aquestive Therapeutics Inc · Health Care
AQST US listed · USD美股 · 美元
Health Care
Russell 2000罗素2000
Speculative / unprofitable投机／未盈利
$4.68
-$0.14 · -2.90%
52w low52周低 $2.76high高 $7.72
Neutral — no clear edge中性 — 无明显优势
Setup almost complete — likely buy trigger in ~1–3 trading days if it closes back above its 10-day average.形态接近完成——若收盘重新站上 10 日均线，预计将在约 1–3 个交易日内出现买入触发。
As of 2026-09-28截至 2026-09-28
Company intelligence公司情报
The latest call, in context把最新财报放回历史脉络
A synthesized event record across management commentary and recorded metrics. Read as context; verify exact wording in the transcript before relying.综合管理层表述与记录指标形成事件档案。仅供参考；使用前请在电话会原文中核对准确措辞。
Live company record实时公司记录
JavaScript loads the source-bounded event record here. Open Terminal if the live module does not start.JavaScript 会在此加载受来源约束的事件记录。如实时模块未启动，请打开终端。
Continue with full transcript history继续查看完整电话会历史 ↗Pressure context压力背景
History mode历史模式
Context only仅供参考 · not a signal or recommendation不构成信号或建议
Narrative claims may await line-level citation; verify in the transcript.叙述性内容可能仍待逐行引用，请在电话会原文中核对。
Price chart价格图表
daily · interactive日线 · 可交互
Open in Terminal打开终端 ↗
Loading chart…图表加载中…
The interactive chart could not load here.互动图表暂时无法在此加载。
Open the live chart in Terminal在终端中打开实时图表 ↗
Candles, volume and moving averages — pan and zoom inside the chart.蜡烛图、成交量与均线 — 图内可缩放拖动。
MMastermind Terminal — live & interactiveMastermind 终端 — 实时互动 ↗
Technicals技术面
daily bars日线数据 · 2026-09-28
Momentum (RSI 14)动量（RSI 14）
47
Neutral zone中性区域
vs 50-day average相对50日均线
+4.2% above上方
Uptrend intact趋势完好
vs 200-day average相对200日均线
+6.9% above上方
Long trend up长期向上
Volatility波动率
15th percentile第15百分位
These readings feed the stance at the top — one source per number, refreshed nightly.以上读数构成页首的引擎立场 — 每个数字只有一个来源，每晚更新。
Earnings财务业绩
Financials财务数据
fiscal years财年Revenue营业收入
$44.5M2025
20202025
5-yr growth5年复合增速 -0.6%
Earnings per share每股收益
$-0.782025
20202025
Free cash flow自由现金流
-$53.0M2025
20202025
Operating margin营业利润率
-159.5%
Net margin净利率
-188.1%
FCF margin自由现金流利润率
-117.7%
Balance-sheet quality财务体质 2/9
Return on equity股本回报率 249%
Warning警示
Leverage杠杆
Current ratio流动比率3.14
Capital allocation资本配置
Stock-based comp股权薪酬$7.6M
Share count change (1y)股数变化（1年）+33.5%
Debt coming due到期债务
FY2025 10-KIn the 12-month bucket following fiscal period end 2025-12-31, it reported $9.5M due — about 21% of its disclosed principal.在财年期末 2025-12-31 之后12个月的区间内，已披露到期本金为 $9.5M，约占其披露本金的 21%。
All maturity buckets are measured from fiscal period end 2025-12-31, not from today.所有到期区间均从财年期末 2025-12-31 起算，而非从今天起算。
First 12 months after period end报告期末之后首12个月
$9.5M
Year 2第2年
$14.5M
Year 3第3年
$20.9M
Year 4第4年
not reported未披露
Year 5第5年
not reported未披露
After year 55年以后
not reported未披露
A cash-flow scenario is unavailable until the filing inputs are verified.报告数据核实前，现金流情景暂不可用。
Capital-need coverage is partial; incomplete or incompatible filing inputs are not combined.资本需求覆盖信息不完整；不会合并不完整或不兼容的报告数据。
Any available cash-flow scenario is context only. Missing or incompatible inputs are not replaced with zero or a financing forecast.可用现金流情景仅供参考；缺失或不兼容的输入不以零值或融资预测替代。
Sources and cash-flow calculation来源与现金流计算
Figures are XBRL facts from one filing — no two years are mixed. Filing数据取自同一份文件中的 XBRL 事实，不跨文件拼接。文件
0001398733-26-000018, period ending报告期截至 2025-12-31, unit单位 USD.
Cache acquired缓存获取时间: 2026-09-21T09:29:42.267223+00:00.
3/6 buckets reported.个区间有披露。
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonthsLongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwoLongTermDebtMaturitiesRepaymentsOfPrincipalInYearThreeLongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour— period_mismatchLongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive— period_mismatchLongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive— period_mismatch
Research context only — reported figures from SEC filings, not a rating, a signal or investment advice.仅供研究参考 — 数据摘自 SEC 文件披露口径，不构成评级、信号或投资建议。
Why is it moving为何波动
6 checks · nightly六项检查 · 每晚
Positioning持仓
Insider cluster activity内部人集中交易
Technical技术面
BOTTOMING → NEARING A HIGH筑底中 → 接近高点
Ownership & smart money持仓与聪明钱
13FInsider activity:内部人动向： -$1.9M net (0 buyers, 8 sellers)-$1.9M 净值（0 买家，8 卖家）
Concentrated ownership集中持仓
| Fund基金 | Grade评级 | Latest move最新动作 | % of book组合占比 | As of截至 |
|---|---|---|---|---|
| RTW Investments | B | Holding持有 | 0.3% | 2026-06-30 |
Signal history信号历史
engine events引擎事件
NEARING A HIGH → BOTTOMING接近高点 → 筑底中
BUY SETUP. Buyers rejected the 2026-09-18 low (swing low printed) but price hasn't reclaimed its 10-day average — first box ticked, not all. Last cycle was left-translated (topped early) — a bearish structural tell买入预备。买方拒绝了 2026-09-18 的低点（摆动低点已现），但价格尚未收复 10 日均线——第一项条件达成，并非全部。 上一周期为左移结构（见顶偏早）——属于看空的结构性信号
Sep 24, 2026
BOTTOMING → NEARING A HIGH筑底中 → 接近高点
TAKE PROFITS止盈
Sep 22, 2026
AQST StochRSI turned up from oversoldAQST StochRSI自超卖区上行
StochRSI popped back above 20 — the earliest oscillator heads-up that downside momentum is easing. $4.95.StochRSI重回20上方 — 下行动量趋缓的最早预警。$4.95。
Sep 18, 2026
Golden cross on AQSTAQST 金叉
The 50-day average crossed above the 200-day — a slow, widely-watched bullish trend signal. $4.61.50日均线上穿200日均线 — 一个滞后但广受关注的看多趋势信号。$4.61。
Sep 10, 2026
AQST daily MACD crossed downAQST 日线MACD下穿
The daily MACD histogram turned negative — fast and noisy, context rather than a standalone trigger. $4.99.日线MACD柱状图转负 — 快速且嘈杂，仅作背景。$4.99。
Sep 8, 2026
BUY ZONE → BOTTOMING买入区 → 筑底中
BUY SETUP买入预备
Sep 4, 2026
BUY ZONE → NEARING A HIGH买入区 → 接近高点
TAKE PROFITS止盈
Sep 3, 2026
NEARING A HIGH → BUY ZONE接近高点 → 买入区
BUY买入
Showing the last 15 of显示最近15条，共 147 signals条信号
Company profile公司档案
Watch items — what could change the story关注项 — 可能改变故事的因素
- Receivables stretch
- Inventory build
- Capital intensity rising
The whole US universe — S&P 1500 and Russell 2000 — read nightly.覆盖标普1500与罗素2000全部成分股 — 每晚更新解读。
Signals, options positioning, smart-money moves and factor DNA — the same engine that wrote this page covers 2,700+ US stocks.信号、期权持仓、聪明钱动向与因子基因 — 撰写本页的引擎覆盖2700多只美股。
Statistics — full detail统计数据 — 完整明细
Price history价格历史
| Period周期 | This stock本股 | S&P 500标普500 |
|---|---|---|
| 1 Week近1周 | +1.5% | +1.3% |
| 1 Month近1月 | -13.2% | +0.9% |
| 3 Months近3月 | +6.6% | +6.1% |
| 6 Months近6月 | +16.4% | +22.3% |
| Year to date年初至今 | -27.4% | +13.8% |
| 1 Year近1年 | -11.0% | +18.5% |
Trading information交易信息
Volatility rank波动率分位
15th pctile
EPS (trailing)每股收益
$-0.69
Off 52-week high距52周高点
-37.5%
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Financials — full detail财务数据 — 完整明细
Multi-year record多年财务记录
| 20202020 | 20212021 | 20222022 | 20232023 | 20242024 | 20252025 | |
|---|---|---|---|---|---|---|
| Revenue营业收入 | $46M | $51M | $48M | $51M | $58M | $45M |
| EPS每股收益 | $-1.66 | $-1.85 | $-1.12 | $-0.13 | $-0.51 | $-0.78 |
| Free cash flow自由现金流 | $-46M | $-34M | $-11M | $-7M | $-36M | $-53M |
| Gross margin毛利率 | 71.7% | — | — | 58.8% | 69.0% | 58.3% |
| Net margin净利率 | -121.7% | -138.8% | -114.1% | -15.6% | -76.7% | -188.1% |
| FCF margin自由现金流利润率 | -100.3% | -66.7% | -22.7% | -14.6% | -62.4% | -119.0% |
Latest fiscal year最近财年
Revenue (FY)营业收入（财年）
$45M
Net income净利润
$-84M
Operating cash flow经营现金流
$-52M
Total assets总资产
$160M
Shareholder equity股东权益
$-34M
Shares outstanding总股本
0.12B
Returns & growth回报与增长
Return on equity股本回报率
248.9%
Return on assets资产回报率
-52.2%
Asset growth资产增速
+58.2%
Accounting quality checks会计质量检查
- Earnings quality: earnings cash-backed盈利质量：盈利有现金支撑
- Working capital: inventory +151% vs sales +-3% — inventory building, demand risk营运资本：存货 +151% 对销售 +-3%——存货积压，需求风险
- Pricing power: gross margin −13.4pts over 4 years定价能力：毛利率 4 年下降 13.4 个百分点
- Capital discipline: share count +253.0% over 6 years (dilution)资本纪律：股本 6 年增加 253.0%（稀释）
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Technicals — full detail技术面 — 完整明细
Indicator readings指标读数
RSI (14-day)RSI（14日）
47
RSI (2-day)RSI（2日）
31
vs 20-day average相对20日均线
-5.7%
vs 50-day average相对50日均线
+4.2%
vs 200-day average相对200日均线
+6.9%
Golden cross (50>200)金叉（50>200）
in effect生效中
MACDMACD
below signal位于信号线下方
Timeframe alignment多周期共振
Daily日线
momentum down动能向下
3-day3日线
momentum up动能向上
Weekly周线
momentum up动能向上
When daily through monthly point the same way, moves carry further.当日线到月线方向一致时，行情往往更有延续性。
Volatility regime波动状态
Range width percentile波幅宽度分位
43/100
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Ownership — full detail持仓 — 完整明细
Tracked funds holding it跟踪基金持仓
| Fund基金 | Grade评级 | Latest move最新动作 | % of book组合占比 | Position市值 |
|---|---|---|---|---|
| RTW Investments | B | Holding持有 | 0.3% | $31M |
Fund positioning基金持仓概览
Tracked funds in the name持有该股的跟踪基金
1
Buying vs selling买入vs卖出
0 : 0
Quarterly trend季度趋势
{'direction': 'accumulating', 'n_quarters': 6, 'holders_first': 1, 'holders_last': 1, 'holders_delta': 0, 'value_change_pct': 185.8, 'from_period': '2025-03-31', 'to_period': '2026-06-30', 'available_on': '2026-08-14', 'available_on_first': '2025-05-16', 'holders_series': [1, 1, 2, 2, 1, 1]}{'direction': 'accumulating', 'n_quarters': 6, 'holders_first': 1, 'holders_last': 1, 'holders_delta': 0, 'value_change_pct': 185.8, 'from_period': '2025-03-31', 'to_period': '2026-06-30', 'available_on': '2026-08-14', 'available_on_first': '2025-05-16', 'holders_series': [1, 1, 2, 2, 1, 1]}
Insiders & shorts内部人与空头
Insider net buying (6 months)内部人净买入（6个月）
-$1.9M
Insider buyers vs sellers内部人买家vs卖家
0 : 8
Recent fund flows近期基金流向
SPDR S&P PharmaceuticalsSPDR S&P Pharmaceuticals
accumulating持续增持
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。