Subscribe

NeurAxis, Inc. (NRXS)

USD6.98 -0.17 (-2.38%)
US AMEX Healthcare Biotechnology
Address 11550 North Meridian Street 46032
Carmel, IN, US
CEO Brian Carrico
IPO 2023-08-09
CIK 1933567 ISIN US64134X2018

Explore sections of this company profile

Description

NeurAxis, Inc. (NRXS) is an American company specializing in neuromodulation therapy devices. Its primary offering is IB-Stim, a percutaneous electrical nerve field stimulation system engineered to alleviate functional abdominal pain associated with irritable bowel syndrome in patients aged 11 to 18. NeurAxis markets its solutions to healthcare providers, predominantly hospitals and clinics. The firm, headquartered in Carmel, Indiana, was established in 2011 and operated as Innovative Health Solutions, Inc. until its rebranding to NeurAxis, Inc. in March 2022.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
Loading outlook…
Loading forecast...
Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
Loading risk profile…
Price Chart
Averages
Trend
Price
Levels
Draw
USD6.98 -0.17 (-2.38%)
Loading historical data…
Volume Profile
Loading…
Liquidity & share structure
Average Volume
148.4K
Beta
1.41
Float Shares
7.66M
Free Float %
66.6%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+1.47% -6.66% +20.91% +70.52% +218.08% +82.16% +256.47% +37.83% +37.83% +37.83% +37.83%
Rolling Volatility
Loading…
Drawdown
Loading…
Relative Strength
Loading…
Monthly Returns Heatmap
From To
Loading…
Annual Monthly Returns
Loading…
Daily Returns Distribution
vs.
Loading histogram data…

Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (1 ratings, all time) Buy
Price Targets & DCF
Current price
6.98
Low 8.00 +14.6%
Consensus 8.00 +14.6%
Median 8.00 +14.6%
High 8.00 +14.6%
Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 2 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Price Target Summary
Period # Analysts Avg Target
Last Month
Last Quarter
Last Year 2
7.50
+7.4%
All Time 2
7.50
+7.4%
Quality scores
Altman Z-Score
6.65
Safe zone
Piotroski F-Score
3 / 9
Average
MOAT Score
3 / 10
No MOAT
Composite Rating
C-
Overall Score
1 / 5
Low
DCF Score
1 / 5
Low
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
3 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Biotechnology: +1.6%
    +32.9% Q1'26: +79.5% (vs Q1'25)
  • EPS growth Biotechnology: +29.7%
    +22.1% Q1'26: +45.5% (vs Q1'25)
  • FCF margin FCF growth · Biotechnology: +16.2%
    -200.7% Q1'26: -76.5% (vs Q1'25)
  • EBIT margin Biotechnology: +0.0%
    -216.5% Q1'26: +0.0% (vs Q1'25)
  • ROIC Biotechnology: -16.1%
    Q1'26: +0.0% (vs Q1'25)
  • Share dilution Biotechnology: -3.4%
    +31.3% Q1'26: +46.7% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Biotechnology: 0.16×
    -0.05× Q1'26: -0.02× (vs Q1'25)
Valuation Multiples From To
DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.48) × ERP
WACC = 99% × Ke + 1% × Kd (17.8%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 6.98
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
2 Rev. Ana.
2 EPS Ana.
Dec 2027
1 Rev. Ana.
1 EPS Ana.
Dec 2028
1 Rev. Ana.
1 EPS Ana.
Revenue
2.46M
est: 3.66M (-32.7%)
2.69M
est: 11.65M (-77.0%)
3.57M
est: 3.45M (+3.4%)
9.60M
9.00M – 10.20M
+178.2% YoY
20.70M
20.29M – 21.11M
+115.6% YoY
32.80M
32.15M – 33.45M
+58.5% YoY
EBITDA
-9.23M
est: -3.66M (-152.5%)
-7.90M
est: -11.65M (+32.2%)
-7.67M
est: -3.45M (-122.2%)
-9.60M
-10.20M – -9.00M
-178.2% YoY
-20.70M
-21.11M – -20.29M
-115.6% YoY
-32.80M
-33.45M – -32.15M
-58.5% YoY
EBIT
-9.27M
est: -3.66M (-153.6%)
-7.94M
est: -11.65M (+31.9%)
-7.73M
est: -3.45M (-123.9%)
-9.60M
-10.20M – -9.00M
-178.2% YoY
-20.70M
-21.11M – -20.29M
-115.6% YoY
-32.80M
-33.45M – -32.15M
-58.5% YoY
Net Income
-14.63M
-8.24M
est: -908.3K (-807.3%)
-7.80M
est: -9.08M (+14.1%)
-5.04M
-6.05M – -4.03M
+44.5% YoY
-272.5K
-279.5K – -265.5K
+94.6% YoY
3.54M
3.45M – 3.63M
+1,400.0% YoY
SGA
8.65M
est: 10.00M (-13.5%)
9.27M
est: 32.10M (-71.1%)
10.34M
est: 9.51M (+8.8%)
26.45M
24.79M – 28.10M
+178.2% YoY
57.02M
55.89M – 58.15M
+115.6% YoY
90.36M
88.57M – 92.15M
+58.5% YoY
EPS
-2.32
-1.22
est: -0.10 (-1,120.0%)
-0.95
est: -1.00 (+5.0%)
-0.56
-0.67 – -0.44
+44.5% YoY
-0.03
-0.03 – -0.03
+94.6% YoY
0.39
0.38 – 0.40
+1,400.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-11 C- 1/5 1/5 1/5 1/5 3/5 1/5 1/5
2026-05-08 C- 1/5 1/5 1/5 1/5 3/5 1/5 1/5
2026-05-07 C- 1/5 1/5 1/5 1/5 3/5 1/5 1/5
2026-05-06 C- 1/5 1/5 1/5 1/5 3/5 1/5 1/5
2026-05-05 C- 1/5 1/5 1/5 1/5 3/5 1/5 1/5
2026-05-04 C- 1/5 1/5 1/5 1/5 3/5 1/5 1/5
2026-05-01 D+ 1/5 1/5 1/5 1/5 2/5 1/5 1/5
2026-04-30 D+ 1/5 1/5 1/5 1/5 2/5 1/5 1/5
2026-04-29 D+ 1/5 1/5 1/5 1/5 2/5 1/5 1/5
2026-04-28 D+ 1/5 1/5 1/5 1/5 2/5 1/5 1/5
2026-04-27 D+ 1/5 1/5 1/5 1/5 2/5 1/5 1/5
2026-04-24 D+ 1/5 1/5 1/5 1/5 2/5 1/5 1/5
2026-04-23 D+ 1/5 1/5 1/5 1/5 2/5 1/5 1/5
2026-04-22 D+ 1/5 1/5 1/5 1/5 2/5 1/5 1/5
2026-04-21 D+ 1/5 1/5 1/5 1/5 2/5 1/5 1/5
2026-04-20 D+ 1/5 1/5 1/5 1/5 2/5 1/5 1/5
2026-04-17 D+ 1/5 1/5 1/5 1/5 2/5 1/5 1/5
2026-04-16 D+ 1/5 1/5 1/5 1/5 2/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-6.38M
OE per share TTM
-0.74
Owner's Yield
-8.61%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
10.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
1
Beneficial owners (>5%)
1
Beneficial owners (>5%)
# Reporting person Amount owned % of class Sole voting Shared voting Sole dispositive Shared dispositive Type Citizenship Filing date SEC filing
1 P. Hannasch 695.8K 10.20% 695.8K 695.8K IN United States 2024-10-08

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 12 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 iShares Micro-Cap ETF IWC 0.01% 209.6K 0.60%
2 Vanguard Extended Market ETF VXF 0.00% 722.8K 0.05%
3 Vanguard U.S. Total Market Shares Index ETF VTS.AX 0.00% 3.5K 0.03%
4 Vanguard U.S. Total Market Index ETF VUN.TO 0.00% 9.6K 0.17%
5 Vanguard U.S. Total Market Index ETF (CAD-hedged) VUS.TO 0.00% 709.85 0.17%
6 Vanguard Total Stock Market ETF VTI 0.00% 1.64M 0.03%
7 Vanguard All-Equity ETF Portfolio VEQT.TO 0.00% 3.6K 0.22%
8 Vanguard Growth ETF Portfolio VGRO.TO 0.00% 2.0K 0.22%
9 Vanguard Balanced ETF Portfolio VBAL.TO 0.00% 791.48 0.22%
10 Vanguard Conservative ETF Portfolio VCNS.TO 0.00% 87.25 0.22%

Insider Activity

Insider Activity — Latest Quarter
Ratio by transactions
0.00
Bearish
Buys
5
Sells
0
Shares acquired
250.5K
Shares disposed
Cash buys
3.00
Cash sales
Net activity
+250,541
Insider buys vs sells (history) From To
Recent insider transactions From To
Date Person Role Transaction A/D Security Shares Price Value Owned after D/I Filing
2026-04-28 Aharon Gil Director A-Award A Common Stock 221,917 0.00 508,055 I
2026-04-01 Henrichs Timothy Robert Officer P-Purchase A Common Stock 7,593 1.96 14.9K 7,593 D
2026-04-01 Carrico Thomas Joeseph Officer P-Purchase A Common Stock 667 1.96 1.3K 331,903 D
2026-04-01 Carrico Brian Allen Director / Officer P-Purchase A Common Stock 8,060 1.96 15.8K 348,178 D
2026-01-22 Watkins Bradley Mitchell Director A-Award A Common Stock 21,598 4.63 100.0K 46,335 D
2026-01-22 Miranda Adrian Officer A-Award A RSU 47,569 0.00 47,569 D
2026-01-22 Keyser Jane Elizabeth Director A-Award A Common Stock 21,598 4.63 100.0K 46,335 D
2026-01-22 Henrichs Timothy Robert Officer A-Award A RSU 75,231 0.00 75,231 D
2026-01-22 Ferge Kristin A Director A-Award A Common Stock 21,598 4.63 100.0K 35,938 D
2026-01-22 Carrico Thomas Joeseph Officer A-Award A RSU 47,569 0.00 47,569 D
2026-01-22 Carrico Brian Allen Director / Officer A-Award A RSU 94,173 0.00 94,173 D
2026-01-22 Aharon Gil Director A-Award A Common Shares 21,598 4.63 100.0K 307,736 D
2025-12-23 Aharon Gil Director P-Purchase A Common Shares 286,138 3.52 1.01M 286,138 I
2025-07-01 MASIMO CORP 10% Owner C-Conversion A Common Stock 289,779 0.00 28.98 289,779 D
2025-03-18 Henrichs Timothy Robert Officer A-Award A RSU 100,000 0.00 100,000 D
2025-03-04 Miranda Adrian Officer A-Award A RSU 30,000 0.00 30,000 D
2025-03-04 Henrichs Timothy Robert Officer A-Award A RSU 66,000 0.00 66,000 D
2025-03-04 Carrico Thomas Joeseph Officer A-Award A RSU 27,435 0.00 27,435 D
2025-03-04 Carrico Brian Allen Director / Officer A-Award A RSU 10,000 0.00 10,000 D
2025-01-17 Watkins Bradley Mitchell Director A-Award A Common Stock 13,157 2.85 37.5K 24,737 D
2025-01-17 Keyser Jane Elizabeth Director A-Award A Common Stock 13,157 2.85 37.5K 24,737 D
2025-01-17 Ferge Kristin A Director A-Award A Common Stock 13,157 2.85 37.5K 14,340 D
2025-01-03 Miranda Adrian Officer A-Award A RSU 35,000 0.00 35,000 D
2025-01-03 Henrichs Timothy Robert Officer A-Award A RSU 67,980 0.00 67,980 D
2025-01-03 Carrico Thomas Joeseph Officer A-Award A RSU 35,000 0.00 35,000 D
2025-01-03 Carrico Brian Allen Director / Officer A-Award A RSU 70,019 0.00 70,019 D
2024-11-25 Aharon Gil Director Series B Convertible Preferred Stock 1,890,756 2.38 4.50M 0 I
2023-08-08 SEALE JOHN G Officer 0 0.00 0

Executive team

Top executives
EBIT / Employee
-3.7K
Shares Outstanding
11.51M

Executive compensation

Executive compensation (annual)
# Year Executive Salary Bonus Stock award Option award Incentive Other Total % Stock-
based
Filing
1 2025 Brian Carrico Chief Executive Officer 345.1K 181.0K 388.8K 936.4K 41.52%
2 2025 Timothy Henrichs Chief Financial Officer 327.3K 140.6K 327.9K 817.3K 40.12%
3 2025 Dr. Adrian Miranda Chief Medical Officer 300.0K 77.5K 171.9K 571.0K 30.11%
4 2025 Dr. Thomas Carrico Chief Regulatory Officer 300.0K 77.5K 166.3K 566.9K 29.34%
5 2024 Timothy Henrichs Chief Financial Officer 274.1K 112.2K 227.0K 628.9K 36.10%
6 2024 Brian Carrico Chief Executive Officer 353.0K 206.7K 578.4K 0.00%
7 2024 Dr. Adrian Miranda Chief Medical Officer 300.0K 63.8K 382.4K 0.00%
8 2024 Dr. Thomas Carrico Chief Regulatory Officer 288.3K 63.8K 368.9K 0.00%
9 2023 Brian Carrico Chief Executive Officer 375.0K 441.3K 839.4K 0.00%
10 2023 Dr. Thomas Carrico Chief Regulatory Officer 278.8K 116.7K 411.1K 0.00%
11 2023 Dr. Adrian Miranda Chief Medical Officer 300.0K 323.1K 0.00%
12 2022 Brian Carrico Chief Executive Officer 373.6K 18.6K 392.2K 0.00%
13 2022 Dr. Thomas Carrico Chief Regulatory Officer 272.0K 15.2K 287.2K 0.00%
14 2022 Dr. Adrian Miranda Chief Medical Officer 266.3K 18.6K 284.9K 0.00%
CEO compensation breakdown

Proxy statements

Proxy statements (DEF 14A)
Filing date Form type Filing
2026-04-28 DEFA14A
2026-04-28 DEF 14A
2025-04-14 DEFA14A
2025-04-14 DEF 14A
2025-04-04 PRE 14A
2024-07-01 DEFA14A
2024-07-01 DEF 14A
2024-06-21 PRE 14A

Recent SEC filings

Recent SEC filings
Filing date Form type Filing
2026-05-01 SC 13G/A
2026-04-30 4
2026-04-28 DEFA14A
2026-04-28 DEF 14A
2026-04-28 ARS
2026-04-22 8-K
2026-04-21 8-K
2026-04-21 424B5
2026-04-03 4
2026-04-03 4

Executive team

NameTitleCompensationGender
Brian Carrico President, Chief Executive Officer & Director 547.6K male
Timothy Robert Henrichs Chief Financial Officer 489.4K male
Thomas Carrico Chief Regulatory Officer and Compliance & Privacy Officer 400.6K male
Adrian Miranda Senior Vice President of Science & Technology and Chief Medical Officer 399.1K
Behnam Shamsian Investor Relations male
Christopher Robin Brown Founder, Director of Innovation & Director male
ESG Rating
B
BIOTECHNOLOGY
Rank: 627 out of 710
2025
E (Environmental)
54.7 / 56.3
Company / Sector avg.
S (Social)
60.9 / 62.4
Company / Sector avg.
G (Governance)
59.7 / 60.9
Company / Sector avg.
ESG Total
58.4 / 59.9
Company / Sector avg.
ESG Score History BIOTECHNOLOGY
Benchmark vs Sector
Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

Share your view on this stock and instantly see how the community has voted over the last 6 months.

These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend history

Earnings history

Earnings reports

Stock splits