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Nyxoah S.A. (NYXH)

USD1.60 +0.02 (+1.27%)
BE NASDAQ Healthcare Medical - Specialties
Address Rue Edouard Belin 12 1435
Mont-Saint-Guibert, WBR, BE
CEO Olivier Taelman
Website nyxoah.com
IPO 2021-04-28
CIK 1857190 ISIN BE0974358906

Explore sections of this company profile

Description

Nyxoah SA, a medical technology company, develops and commercializes solutions to treat obstructive sleep apnea (OSA). The company’s lead solution comprises Genio system, a CE-Marked, patient-centric, minimally invasive, and hypoglossal neurostimulation therapy to treat moderate to severe obstructive sleep apnea. Nyxoah SA was incorporated in 2009 and is headquartered in Mont-Saint-Guibert, Belgium.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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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
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Price Chart
Averages
Trend
Price
Levels
Draw
USD1.60 +0.02 (+1.27%)
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Volume Profile
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Liquidity & share structure
Average Volume
262.2K
Beta
0.89
Float Shares
20.74M
Free Float %
55.5%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-5.19% -9.32% -10.70% -34.09% -41.60% -36.52% -51.82% -63.27% -87.39% -87.83% -87.83%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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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 (5 ratings, all time) Buy
Price Targets & DCF
Current price
1.60
Low 5.00 +212.5%
Consensus 6.00 +275.0%
Median 6.00 +275.0%
High 7.00 +337.5%
Ratings Trend (MoM) 80% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 3 0
Hold 1 0
Sell 0 0
Strong Sell 0 0
Price Target Summary
Period # Analysts Avg Target
Last Month 1
5.00
+212.5%
Last Quarter 2
6.50
+306.3%
Last Year 4
8.25
+415.6%
All Time 11
16.09
+905.6%
Quality scores
Altman Z-Score
-6.47
Distress
Piotroski F-Score
3 / 9
Average
MOAT Score
1 / 10
No MOAT
Composite Rating
D+
Overall Score
1 / 5
Low
DCF Score
1 / 5
Low
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Medical - Specialties: +8.3%
    +121.6% Q1'26: +501.1% (vs Q1'25)
  • EPS growth Medical - Specialties: +10.1%
    -30.9% Q1'26: +38.3% (vs Q1'25)
  • FCF margin FCF growth · Medical - Specialties: +51.3%
    -808.8% Q1'26: -349.6% (vs Q1'25)
  • EBIT margin Medical - Specialties: +12.6%
    -872.1% Q1'26: -322.3% (vs Q1'25)
  • ROIC Medical - Specialties: +6.6%
    -202.3% Q1'26: -178.5% (vs Q1'25)
  • Share dilution Medical - Specialties: 0.0%
    +16.4% Q1'26: +15.4% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Medical - Specialties: -0.39×
    -0.51× Q1'26: -0.48× (vs Q1'25)
Valuation Multiples From To
DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.88) × ERP
WACC = 72% × Ke + 28% × Kd (27.4%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 1.60
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 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
5 Rev. Ana.
3 EPS Ana.
Dec 2027
5 Rev. Ana.
3 EPS Ana.
Dec 2028
2 Rev. Ana.
1 EPS Ana.
Dec 2029
1 Rev. Ana.
1 EPS Ana.
Dec 2030
1 Rev. Ana.
1 EPS Ana.
Revenue
69.0K
est: 499.4K (-86.2%)
852.0K
est: 2.19M (-61.1%)
3.08M
est: 4.48M (-31.2%)
4.35M
est: 4.47M (-2.6%)
4.52M
est: 5.78M (-21.8%)
10.02M
est: 8.77M (+14.3%)
35.40M
33.35M – 37.24M
+303.7% YoY
72.91M
67.74M – 77.27M
+106.0% YoY
115.57M
100.72M – 124.85M
+58.5% YoY
182.48M
159.03M – 197.12M
+57.9% YoY
282.63M
246.31M – 305.32M
+54.9% YoY
EBITDA
-10.60M
est: -499.4K (-2,023.5%)
-22.59M
est: -2.19M (-930.7%)
-27.89M
est: -4.48M (-521.8%)
-42.08M
est: -4.47M (-842.4%)
-58.05M
est: -5.78M (-904.4%)
-82.90M
est: -8.77M (-845.4%)
-35.40M
-37.24M – -33.35M
-303.7% YoY
-72.91M
-77.27M – -67.74M
-106.0% YoY
-115.57M
-124.85M – -100.72M
-58.5% YoY
-182.48M
-197.12M – -159.03M
-57.9% YoY
-282.63M
-305.32M – -246.31M
-54.9% YoY
EBIT
-11.22M
est: -499.4K (-2,147.6%)
-24.25M
est: -2.19M (-1,006.5%)
-29.82M
est: -4.48M (-564.9%)
-44.44M
est: -4.47M (-895.3%)
-58.81M
est: -5.78M (-917.7%)
-87.39M
est: -8.77M (-896.5%)
-35.40M
-37.24M – -33.35M
-303.7% YoY
-72.91M
-77.27M – -67.74M
-106.0% YoY
-115.57M
-124.85M – -100.72M
-58.5% YoY
-182.48M
-197.12M – -159.03M
-57.9% YoY
-282.63M
-305.32M – -246.31M
-54.9% YoY
Net Income
-12.25M
est: -24.91M (+50.8%)
-27.62M
est: -34.09M (+19.0%)
-31.23M
est: -33.86M (+7.8%)
-43.21M
est: -51.29M (+15.7%)
-59.24M
est: -65.90M (+10.1%)
-90.09M
est: -76.67M (-17.5%)
-65.19M
-65.50M – -54.33M
+15.0% YoY
-60.86M
-69.57M – -27.02M
+6.6% YoY
-30.33M
-34.58M – -26.08M
+50.2% YoY
-4.65M
-5.14M – -3.88M
+84.7% YoY
10.47M
8.72M – 11.56M
+325.0% YoY
SGA
11.35M
est: 19.44M (-41.6%)
11.11M
est: 85.32M (-87.0%)
18.86M
est: 174.57M (-89.2%)
20.65M
est: 31.11M (-33.6%)
28.46M
est: 40.26M (-29.3%)
46.44M
est: 61.10M (-24.0%)
246.64M
232.32M – 259.43M
+303.7% YoY
507.99M
471.92M – 538.33M
+106.0% YoY
805.19M
701.72M – 869.82M
+58.5% YoY
1.27B
1.11B – 1.37B
+57.9% YoY
1.97B
1.72B – 2.13B
+54.9% YoY
EPS
-0.68
est: -0.76 (+10.6%)
-1.16
est: -1.04 (-11.4%)
-1.21
est: -1.04 (-15.9%)
-1.55
est: -1.39 (-11.6%)
-1.81
est: -1.74 (-3.8%)
-2.37
est: -2.12 (-11.6%)
-1.60
-1.72 – -1.43
+24.8% YoY
-1.18
-1.83 – -0.71
+25.8% YoY
-0.82
-0.91 – -0.68
+30.6% YoY
-0.12
-0.13 – -0.10
+85.1% YoY
0.27
0.23 – 0.30
+325.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-11 D+ 1/5 1/5 1/5 1/5 1/5 1/5 2/5
2026-05-08 D+ 1/5 1/5 1/5 1/5 1/5 1/5 2/5
2026-05-07 D+ 1/5 1/5 1/5 1/5 1/5 1/5 2/5
2026-05-06 D+ 1/5 1/5 1/5 1/5 1/5 1/5 2/5
2026-05-05 D+ 1/5 1/5 1/5 1/5 1/5 1/5 2/5
2026-05-04 D+ 1/5 1/5 1/5 1/5 1/5 1/5 2/5
2026-05-01 D+ 1/5 1/5 1/5 1/5 1/5 1/5 2/5
2026-04-30 D+ 1/5 1/5 1/5 1/5 1/5 1/5 2/5
2026-04-29 D+ 1/5 1/5 1/5 1/5 1/5 1/5 2/5
2026-04-28 D+ 1/5 1/5 1/5 1/5 1/5 1/5 2/5
2026-04-27 D+ 1/5 1/5 1/5 1/5 1/5 1/5 2/5
2026-04-24 D+ 1/5 1/5 1/5 1/5 1/5 1/5 2/5
2026-04-23 D+ 1/5 1/5 1/5 1/5 1/5 1/5 2/5
2026-04-22 D+ 1/5 1/5 1/5 1/5 1/5 1/5 2/5
2026-04-21 D+ 1/5 1/5 1/5 1/5 1/5 1/5 2/5
2026-04-20 D+ 1/5 1/5 1/5 1/5 1/5 1/5 2/5
2026-04-17 D+ 1/5 1/5 1/5 1/5 1/5 1/5 2/5
2026-04-16 D+ 1/5 1/5 1/5 1/5 1/5 1/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-60.31M
OE per share TTM
-1.60
Owner's Yield
-45.14%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
170.0%

Ownership Overview

Ownership breakdown
At a glance
Institutional holders
8
Total invested
720.8K
Insider transactions (90d)
0
Beneficial owners (>5%)
11
Beneficial owners (>5%)
# Reporting person Amount owned % of class Sole voting Shared voting Sole dispositive Shared dispositive Type Citizenship Filing date SEC filing
1 Cochlear Investments Pty Ltd 4.70M 18.50% 4.70M 4.70M CO Australia 2021-07-16
2 Cochlear Limited 4.70M 18.50% 4.70M 4.70M CO Australia 2021-07-16
3 Edwin de Graaf 3.15M 12.24% 3.15M 3.15M IN 2022-02-10
4 Gilde Healthcare Holding B.V. 3.15M 12.24% 3.15M 3.15M OO 2022-02-10
5 Gilde Healthcare III Management B.V. 3.15M 12.24% 3.15M 3.15M OO 2022-02-10
6 Martemanshurk BV (100% owned by Pieter van der Meer) 3.15M 12.24% 3.15M 3.15M OO 2022-02-10
7 Robert Taub 2.82M 10.90% 2.12M 696.0K 2.12M 696.0K IN Belgium 2022-02-11
8 TOGETHER Partnership 2.50M 9.70% 2.50M 2.50M PN Belgium 2022-02-14
9 Cooperatieve Gilde Healthcare III Sub-Holding U.A. 1.58M 6.12% 1.58M 1.58M OO 2022-02-10
10 Sub-Holding 1.58M 6.12% 1.58M 1.58M OO 2022-02-10
11 ResMed Inc. 1.50M 5.38% 1.50M 1.50M CO Delaware 2023-04-06

Institutional Activity (13F)

Institutional ownership trend From To
13F snapshot — 2026 Q1
Investors holding
8
-25 vs prev Q
New positions
3
Closed positions
28
Increased
3
Reduced
0
Put/Call ratio
0.00
Calls held
Puts held
Top institutional holders
# Investor Shares / Δ Mkt value / Δ Own% / Δ Weight% / Δ Avg px / Perf. Hold / Status
1 VESTAL POINT CAPITAL, LP 1.11M -413.0 (0.0%) 5.09M -1.9K (0.0%) 2.96% -0.001 pp 0.17% -0.057 pp USD8.00 -42.5% 5 qtrs
2 HEIGHTS CAPITAL MANAGEMENT, INC 777.2K +777.2K (+100.0%) 3.58M +3.6M (+100.0%) 2.08% +2.077 pp 1.28% +1.282 pp USD4.60 +0.0% 1 qtrs NEW
3 BLACKROCK, INC. 582.5K -160.9K (-21.6%) 2.68M -739.9K (-21.6%) 1.56% -0.430 pp 0.00% +0.000 pp USD9.54 -51.8% 6 qtrs
4 BNP PARIBAS ASSET MANAGEMENT HOLDING S.A. 493.2K +493.2K (+100.0%) 2.02M +2.0M (+100.0%) 1.32% +1.318 pp 0.00% +0.002 pp USD4.60 +0.0% 1 qtrs NEW
5 ROSSMORE PRIVATE CAPITAL 132.7K +— (+0.0%) 636.8K +20.7K (+3.4%) 0.35% +0.000 pp 0.06% -0.010 pp USD25.23 -81.8% 18 qtrs
6 FRANKLIN RESOURCES INC 126.0K -74.7K (-37.2%) 579.4K -343.6K (-37.2%) 0.34% -0.200 pp 0.00% 0.000 pp USD10.45 -56.0% 8 qtrs
7 KOVACK ADVISORS, INC. 62.8K -34.3K (-35.3%) 288.8K -157.6K (-35.3%) 0.17% -0.092 pp 0.01% -0.029 pp USD6.57 -30.0% 6 qtrs
8 SIO CAPITAL MANAGEMENT, LLC 50.8K +— (+0.0%) 233.9K +— (+0.0%) 0.14% +0.000 pp 0.04% -0.022 pp USD9.25 -50.3% 18 qtrs
9 MILLENNIUM MANAGEMENT LLC 48.1K -48.4K (-50.2%) 221.1K -222.4K (-50.2%) 0.13% -0.129 pp 0.00% 0.000 pp USD7.03 -34.6% 7 qtrs
10 IKARIAN CAPITAL, LLC 47.4K -3.3K (-6.5%) 217.8K -15.0K (-6.5%) 0.13% -0.009 pp 0.02% -0.007 pp USD7.48 -38.5% 3 qtrs
11 LPL FINANCIAL LLC 35.9K -2.9K (-7.6%) 165.0K -13.5K (-7.6%) 0.10% -0.008 pp 0.00% +0.000 pp USD7.26 -36.6% 5 qtrs
12 CITADEL ADVISORS LLC 35.3K +14.1K (+66.5%) 162.5K +64.9K (+66.5%) 0.09% +0.038 pp 0.00% +0.000 pp USD4.60 +0.0% 2 qtrs
13 DEUTSCHE BANK AG\ 35.0K +10.0K (+40.0%) 161.0K +46.0K (+40.0%) 0.09% +0.027 pp 0.00% +0.000 pp USD4.60 +0.0% 2 qtrs
14 DEKABANK DEUTSCHE GIROZENTRALE 26.2K +— (+0.0%) 137.0K +21.0K (+18.1%) 0.07% +0.000 pp 0.00% +0.000 pp USD9.20 -50.0% 15 qtrs
15 FEDERATION DES CAISSES DESJARDINS DU QUEBEC 23.3K -26.7K (-53.4%) 107.2K -123.1K (-53.5%) 0.06% -0.071 pp 0.00% -0.001 pp USD6.70 -31.3% 8 qtrs
16 BANK OF AMERICA CORP /DE/ 19.7K -172.0 (-0.9%) 90.6K -792.0 (-0.9%) 0.05% -0.001 pp 0.00% +0.000 pp USD5.96 -22.8% 12 qtrs
17 GEODE CAPITAL MANAGEMENT, LLC 18.6K +— (+0.0%) 85.6K +— (+0.0%) 0.05% +0.000 pp 0.00% +0.000 pp USD10.83 -57.5% 8 qtrs
18 WALLEYE CAPITAL LLC 17.3K +— (+0.0%) 79.6K +— (+0.0%) 0.05% +0.000 pp 0.00% 0.000 pp USD6.99 -34.2% 7 qtrs
19 INVST, LLC 16.3K +— (+0.0%) 74.8K +— (+0.0%) 0.04% +0.000 pp 0.01% 0.000 pp USD7.48 -38.5% 3 qtrs
20 RAYMOND JAMES FINANCIAL INC 12.8K +— (+0.0%) 58.7K +— (+0.0%) 0.03% +0.000 pp 0.00% +0.000 pp USD6.72 -31.5% 3 qtrs
21 BOOTHBAY FUND MANAGEMENT, LLC 11.5K -3.3K (-22.2%) 52.8K -15.0K (-22.2%) 0.03% -0.009 pp 0.00% 0.000 pp USD12.26 -62.5% 8 qtrs
22 ADVISOR GROUP HOLDINGS, INC. 6.6K +— (+0.0%) 31.7K -9.4K (-23.0%) 0.02% +0.000 pp 0.00% +0.000 pp USD5.77 -20.3% 4 qtrs
23 UBS GROUP AG 6.7K +1.4K (+25.1%) 31.0K +6.2K (+25.1%) 0.02% +0.004 pp 0.00% +0.000 pp USD4.84 -5.0% 4 qtrs
24 BARCLAYS PLC 3.1K +3.1K (+100.0%) 14.3K +14.3K (+100.0%) 0.01% +0.008 pp 0.00% +0.000 pp USD4.60 +0.0% 4 qtrs
25 GHP INVESTMENT ADVISORS, INC. 2.6K +— (+0.0%) 11.9K +— (+0.0%) 0.01% +0.000 pp 0.00% +0.000 pp USD7.48 -38.5% 3 qtrs
26 VERSANT CAPITAL MANAGEMENT, INC 2.3K +2.3K (+100.0%) 10.7K +10.7K (+100.0%) 0.01% +0.006 pp 0.00% +0.001 pp USD4.60 +0.0% 1 qtrs NEW
27 MORGAN STANLEY 1.5K -1.0K (-40.4%) 6.8K -4.6K (-40.4%) 0.00% -0.003 pp 0.00% +0.000 pp USD7.57 -39.2% 7 qtrs
28 ROCKEFELLER CAPITAL MANAGEMENT L.P. 1.0K +— (+0.0%) 4.6K +— (+0.0%) 0.00% +0.000 pp 0.00% +0.000 pp USD4.60 +0.0% 2 qtrs
29 ADVISORNET FINANCIAL, INC 1.0K +— (+0.0%) 4.6K +— (+0.0%) 0.00% +0.000 pp 0.00% +0.000 pp USD4.60 +0.0% 2 qtrs
30 FOURTH DIMENSION WEALTH, LLC 790.00 +— (+0.0%) 3.6K +— (+0.0%) 0.00% +0.000 pp 0.00% 0.000 pp USD6.02 -23.6% 3 qtrs
31 LARSON FINANCIAL GROUP LLC 744.00 +— (+0.0%) 3.4K +— (+0.0%) 0.00% +0.000 pp 0.00% +0.000 pp USD7.48 -38.5% 3 qtrs
32 CHEVIOT VALUE MANAGEMENT, LLC 200.00 +— (+0.0%) 980.00 -34.0 (-3.4%) 0.00% +0.000 pp 0.00% +0.000 pp USD6.98 -34.1% 4 qtrs
33 SBI SECURITIES CO., LTD. 3.00 +— (+0.0%) 14.00 +— (+0.0%) 0.00% +0.000 pp 0.00% +0.000 pp USD8.00 -42.5% 5 qtrs
34 FMR LLC -48.7K (-100.0%) -224.0K (-100.0%) 0.00% -0.130 pp 0.00% +0.000 pp USD 12 qtrs SOLD
35 SHAY CAPITAL LLC -34.0K (-100.0%) -156.4K (-100.0%) 0.00% -0.091 pp 0.00% -0.014 pp USD 3 qtrs SOLD
Ownership breakdown by holder

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
-5.4K
Shares Outstanding
37.34M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings
Filing date Form type Filing
2026-03-26 S-8
2026-03-26 20-F
2026-03-19 6-K
2026-01-30 6-K
2026-01-14 6-K
2025-12-29 SC 13G
2025-12-19 6-K
2025-12-05 6-K
2025-11-24 SC 13D/A
2025-11-17 6-K/A

Executive team

NameTitleCompensationGender
Bruno Onkelinx Chief Technical Officer 2M male
Olivier Taelman Chief Executive Officer & Executive Director 1M male
Loic Moreau President of International 552.4K male
Robert Taub Co-Founder & Chairman 139.7K male
Maggie McGowan Chief HR Officer female
Maurits S. Boon Chief Medical Officer
Pearson Dennis Investor Relations Associate
Remi Renard Chief of Staff male
An Moonen General Counsel female
Scott Holstine Chief Commercial Officer male
Geeta Kaveti Chief Compliance Officer female
Jeyakumar Subbaroyan Chief Science Officer male
ESG Rating
B
MEDICAL - INSTRUMENTS & SUPPLIES
Rank: 46 out of 60
2025
E (Environmental)
58.6 / 64.7
Company / Sector avg.
S (Social)
63.2 / 70.0
Company / Sector avg.
G (Governance)
60.2 / 67.5
Company / Sector avg.
ESG Total
60.6 / 67.4
Company / Sector avg.
ESG Score History MEDICAL - INSTRUMENTS & SUPPLIES
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

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Dividend history

Earnings history

Earnings reports

Stock splits