Positive context积极背景
Stocks股票 / Health Care / COLL
Collegium Pharmaceutical, Inc. · Health Care
COLL US listed · USD美股 · 美元
Small cap小盘 · $890M
Health Care
S&P 600标普600小盘Russell 2000罗素2000
Distressed困境股
$28.15
+$2.45 · +9.53%
52w low52周低 $24.76high高 $50.33
Hold off — timing against you暂缓 — 时机不利
Downtrend — stand aside until a new cycle low forms and confirms.下跌趋势——观望，直至新的周期低点形成并确认。
Live实时
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 · 2026-08-14
Momentum (RSI 14)动量（RSI 14）
33
Depressed偏低
vs 50-day average相对50日均线
-17.8% below下方
Below trend跌破趋势
vs 200-day average相对200日均线
-28.1% below下方
Long trend down长期向下
Volatility波动率
100th percentile第100百分位
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
Estimates being raised — 5 analysts预期上调 — 5 位分析师
Beat in 3 of last 4 quarters近 4 季中 3 季超预期
Post-earnings drift: -11.4% (20d)财报后漂移：-11.4%（20日）
EPS surprise vs consensus, last quarters每股收益相对预期的超预期幅度（近几个季度） · average平均 9.7%
Valuation估值
Looks cheap vs sector相对行业偏便宜| Multiple指标 | COLL | Sector median行业中位 | Cheaper than相对便宜 |
|---|---|---|---|
| P/E (trailing)市盈率（历史） | 14.17x | 30.88 | |
| P/B市净率 | 2.96x | 3.54 | |
| P/S市销率 | 1.14x | 3.20 | |
| Earnings yield盈利收益率 | 7.06% | 2.51 | |
| FCF yield自由现金流收益率 | 36.70% | 4.00 | |
| Shareholder yield股东收益率 | 2.81% | 1.83 | |
| EV/EBITDA企业价值/EBITDA | 3.60x | 19.05 | |
| P/FCF市值/自由现金流 | 2.72x | 22.49 |
"Cheaper than" = share of sector peers trading richer on that multiple.「相对便宜」= 行业中该指标估值更高的同行占比。
Financials财务数据
fiscal years财年Revenue营业收入
$780.6M2025
20202025
5-yr growth5年复合增速 20.3%
Earnings per share每股收益
$1.732025
20202025
5-yr growth5年复合增速 17.9%
Free cash flow自由现金流
$327.6M2025
20202025
Gross margin毛利率
59.3%
Operating margin营业利润率
23.0%
Net margin净利率
8.1%
FCF margin自由现金流利润率
42.2%
Balance-sheet quality财务体质 5/8
Bankruptcy risk: distress zone破产风险：警戒区
Return on equity股本回报率 21%
Clean稳健
Leverage杠杆
Net debt / EBITDA净债务/EBITDA-1.26
Current ratio流动比率1.57
Capital allocation资本配置
Stock-based comp股权薪酬$41.9M
Share count change (1y)股数变化（1年）+0.9%
Why is it moving为何波动
6 checks · nightly六项检查 · 每晚
Macro宏观
Long-duration name into a restrictive, rising-real-rate regime → rate headwind.长久期标的进入偏紧、实际利率上行的环境→利率逆风。
Positioning持仓
Insider cluster activity内部人集中交易
Technical技术面
COLL made a new 52-week lowCOLL 创52周新低
Ownership & smart money持仓与聪明钱
13FInsider activity:内部人动向： -$3.4M net (0 buyers, 5 sellers)-$3.4M 净值（0 买家，5 卖家）
Signal history信号历史
engine events引擎事件
UPTREND → DOWNTREND上涨趋势 → 下跌趋势
AVOID. Failed cycle — price broke below the low that started this cycle, which historically means the larger trend is rolling over (~80% of cases)回避。失败周期——价格跌破了启动本周期的低点，历史上这通常意味着更大的趋势正在掉头向下（约 80% 的情形）
Aug 10, 2026
COLL made a new 52-week lowCOLL 创52周新低
Price reached a fresh 52-week low — a momentum / trend extreme the whole market watches. $27.20.价格创出52周新低 — 全市场关注的动量/趋势极值。$27.20。
Aug 7, 2026
COLL weekly MACD crossed downCOLL 周线MACD下穿
The weekly MACD histogram turned negative — the slower, less-whippy momentum read.周线MACD柱状图转负 — 更慢、更少来回的动量信号。
Aug 6, 2026
COLL broke down vs the marketCOLL 相对市场走弱
Relative strength vs SPY crossed below the 10th percentile of the last 90 days — weakness often leads price. $29.11.相对标普500的强弱下穿近90日的第10百分位 — 走弱常先于价格。$29.11。
Aug 6, 2026
COLL made a new 52-week lowCOLL 创52周新低
Price reached a fresh 52-week low — a momentum / trend extreme the whole market watches. $29.11.价格创出52周新低 — 全市场关注的动量/趋势极值。$29.11。
Aug 6, 2026
COLL RSI reached oversoldCOLL RSI进入超卖
RSI(14) crossed below 30 — washed out; context, not a timing trigger alone. $29.11.RSI(14)下穿30 — 超卖；仅作背景，单独不构成择时。$29.11。
Jul 29, 2026
NEARING A HIGH → BOTTOMING接近高点 → 筑底中
BUY SETUP买入预备
Jul 28, 2026
BOTTOMING → NEARING A HIGH筑底中 → 接近高点
TAKE PROFITS止盈
Jul 27, 2026
COLL StochRSI turned up from oversoldCOLL StochRSI自超卖区上行
StochRSI popped back above 20 — the earliest oscillator heads-up that downside momentum is easing. $35.52.StochRSI重回20上方 — 下行动量趋缓的最早预警。$35.52。
Jul 24, 2026
NEARING A HIGH → BOTTOMING接近高点 → 筑底中
BUY SETUP买入预备
Showing the last 15 of显示最近15条，共 230 signals条信号
Company profile公司档案
Style DNA — how it trades vs the market风格基因 — 相对市场的交易特征
Value价值
Above market高于市场
Profitability盈利能力
Below market低于市场
Quality质量
Above market高于市场
Investment资本投入
Above market高于市场
Shareholder payout股东回报
Below market低于市场
Low volatility低波动
Below market低于市场
Low market beta低市场敏感度
Above market高于市场
Earnings quality盈利质量
Below market低于市场
Short interest空头兴趣
Above market高于市场
Watch items — what could change the story关注项 — 可能改变故事的因素
- Margin compression despite revenue growth
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
Valuation vs sector估值对比行业
| Multiple指标 | This stock本股 | Sector median行业中位 | Cheaper than相对便宜 |
|---|---|---|---|
| P/E (trailing)市盈率（静态） | 14.2× | 30.9× | 87% |
| Price / Book市净率 | 3.0× | 3.5× | 60% |
| Price / Sales市销率 | 1.1× | 3.2× | 80% |
| EV / EBITDAEV/EBITDA | 3.6× | 19.1× | 99% |
| Earnings yield盈利收益率 | 7.1% | 2.5% | 91% |
| Free-cash-flow yield自由现金流收益率 | 36.9% | 5.3% | 99% |
| Shareholder yield股东综合回报率 | 2.8% | 1.8% | 64% |
Relative strength相对强度
vs market, 1 month相对大盘（1个月）
49/100 — middle of the pack居中
vs market, 3 months相对大盘（3个月）
7/100 — weaker than most弱于多数
vs market, 6 months相对大盘（6个月）
3/100 — weaker than most弱于多数
vs market, 12 months相对大盘（12个月）
10/100 — weaker than most弱于多数
Rank in sector行业内排名
#109 / 172
0–100 percentile of total return vs all covered stocks.总回报在全部覆盖股票中的百分位（0–100）。
Price history价格历史
| Period周期 | This stock本股 | S&P 500标普500 |
|---|---|---|
| 1 Week近1周 | -3.3% | +1.2% |
| 1 Month近1月 | -19.6% | +3.5% |
| 3 Months近3月 | -16.7% | +5.2% |
| 6 Months近6月 | -38.5% | +14.4% |
| Year to date年初至今 | -38.2% | +14.2% |
| 1 Year近1年 | -25.6% | +21.6% |
| 3 Years近3年 | +20.1% | +79.7% |
Trading information交易信息
Beta vs market贝塔
0.31
Volatility rank波动率分位
100th pctile
Short interest空头占比
16.0% of float
Market cap市值
$890M
EPS (trailing)每股收益
$1.99
Off 52-week high距52周高点
-43.5%
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 | $310M | $277M | $464M | $567M | $631M | $781M |
| EPS每股收益 | $0.76 | $1.86 | $-0.74 | $1.29 | $1.86 | $1.73 |
| Free cash flow自由现金流 | $88M | $102M | $123M | $274M | $203M | $328M |
| Gross margin毛利率 | 58.0% | 54.4% | 45.2% | 57.5% | 59.8% | 59.3% |
| Net margin净利率 | 8.6% | 25.8% | -5.4% | 8.5% | 11.0% | 8.1% |
| FCF margin自由现金流利润率 | 28.5% | 36.7% | 26.4% | 48.4% | 32.2% | 42.0% |
Latest fiscal year最近财年
Revenue (FY)营业收入（财年）
$781M
Gross profit毛利润
$463M
Net income净利润
$63M
Operating cash flow经营现金流
$329M
Total assets总资产
$1.7B
Shareholder equity股东权益
$302M
Buybacks股票回购
$25M
Shares outstanding总股本
0.03B
Returns & growth回报与增长
Return on equity股本回报率
20.9%
Return on assets资产回报率
3.8%
Profit growth利润增速
-8.7%
Asset growth资产增速
-0.4%
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: working capital roughly in line with sales营运资本：营运资本与销售大致同步
- Pricing power: gross margin +1.3pts over 6 years定价能力：毛利率 6 年上升 1.3 个百分点
- Capital discipline: investment near the peer median资本纪律：投资力度接近同业中位
- Balance sheet: Altman Z 1.32 — distress zone资产负债表：Altman Z 1.32——困境区
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）
33
RSI (2-day)RSI（2日）
73
vs 20-day average相对20日均线
-15.3%
vs 50-day average相对50日均线
-17.8%
vs 200-day average相对200日均线
-28.1%
Golden cross (50>200)金叉（50>200）
not in effect未生效
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 down — fresh downturn动能向下——刚刚转弱
Weekly周线
momentum down — fresh downturn动能向下——刚刚转弱
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 state波幅状态
expanding — range opening up扩张中 — 波幅放大
Range width percentile波幅宽度分位
98/100
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。
Earnings — full detail财务业绩 — 完整明细
Surprise history超预期历史
| Quarter季度 | Reported实际 | Expected预期 | Surprise超预期 |
|---|---|---|---|
| Mar 2026 | $1.50 | $1.23 | +21.9% |
| Dec 2025 | $1.85 | $2.01 | -8.0% |
| Sep 2025 | $2.06 | $1.69 | +21.9% |
| Jun 2025 | $1.47 | $1.43 | +2.8% |
Estimate revisions预期修正
Analysts covering覆盖分析师
5
Estimate direction预期调整方向
mostly raising多数上调
Estimate change, 90 days预期变化（90天）
+1.6%
Net upgrades, 30 days净上调（30天）
+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。
Ownership — full detail持仓 — 完整明细
Insiders & shorts内部人与空头
Insider net buying (6 months)内部人净买入（6个月）
-$3.4M
Insider buyers vs sellers内部人买家vs卖家
0 : 5
Short interest空头占流通盘
16.0%
Days to cover回补天数
17.4
Short interest change空头变化
-2.9%
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。
Seasonality — full detail季节性 — 完整明细
Strongest month最强月份
Jul · 75%
Weakest month最弱月份
Feb · 33%
Month by month逐月统计
| Month月份 | Closed higher收涨占比 | Median move中位涨跌 | Years年数 |
|---|---|---|---|
| Jan1月 | 67% | +7.4% | 3 |
| Feb2月 | 33% | -9.2% | 3 |
| Mar3月 | 67% | +3.0% | 3 |
| Apr4月 | 33% | -4.7% | 3 |
| May5月 | 67% | +0.4% | 3 |
| Jun6月 | 67% | +1.6% | 3 |
| Jul7月 | 75% | +5.6% | 4 |
| Aug8月 | 75% | +3.3% | 4 |
| Sep9月 | 33% | -4.5% | 3 |
| Oct10月 | 33% | -2.2% | 3 |
| Nov11月 | 67% | +16.9% | 3 |
| Dec12月 | 33% | -0.5% | 3 |
History is a tendency, not a promise — small samples wobble.历史规律只是倾向而非保证 — 样本少时波动大。
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。