Candel Therapeutics, Inc. (CADL) Stock Price & Analysis

Candel Therapeutics, Inc. (CADL) closed at USD 8.67 on Wednesday, October 28, 2026, up 5.09% on the day. The US market is currently closed (pre-market); this is not a live price.

The prior close was USD 8.25; the Oct 28, 2026 session ranged USD 8.13–8.69 on volume of 663,002 shares. Market capitalization is $663.42M, with a 52-week range of USD 4.35–14 (NGM). Source: Nexqual, retrieved October 29, 2026 at 09:22 UTC.

Also available as compact Markdown for AI agents: nexqual.com/CADL.md

Key facts (CADL)

Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (CADL)

USDFY2021FY2022FY2023FY2024FY2025TTM
Revenue$125K$125K————
Operating income-$25.7M-$34.7M-$38.4M-$33.4M-$48.3M-$72.0M
Net income-$36.1M-$18.8M-$37.9M-$55.2M-$38.2M-$88.5M
EPS (diluted)-$1.91-$0.65-$1.31-$1.74-$0.72—
Free cash flow-$24.1M-$32.7M-$34.7M-$27.0M-$38.9M-$57.3M
Operating margin-20580.8%-27777.6%————
Net margin-28899.2%-15035.2%————
Revenue growth+0.0%+0.0%————
Cash + short-term investments$82.6M$70.1M$35.4M$103M$120M—
Total debt$560K—$20.5M$11.6M——

Fiscal years end Dec. EPS is split-adjusted.

Valuation (price ÷ last four quarters, through Jun 30, 2026) (CADL)

P/B 5.3x · FCF yield -8.64% · Earnings yield -13.34%

Insider sales (SEC Form 4, open-market, last ~7 months) (CADL)

4 of 4 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.

Trade dateInsiderRoleSharesValue% of holdings sold10b5-1 planInsider type
2026-09-10…2026-09-11Tak Paul PeterChief Executive Officer280,245$3.2M71.2%YesToo little history (no open-market trades in 2023)
2026-08-17Tyagarajan SeshuChief Technology Officer7,000$84K8.3%YesToo little history (no open-market trades in 2023)
2026-06-29Barone FrancescaChief Scientific Officer23,447$236K23.3%YesToo little history (no open-market trades in 2023)
2026-06-29Tyagarajan SeshuChief Technology Officer7,000$70K7.7%YesToo little history (no open-market trades in 2023)

% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).

Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

Analysts (CADL)

Consensus Buy (mean 2.00 on a 1–5 scale), 10 analysts; mean target USD 22.11 (low 15, high 29).

Rating changes, last 120 days:

DateFirmActionRatingPrice target
2026-10-22JefferiesInitiatedBuy$25
2026-09-21B of A SecuritiesUpgradeNeutral → Buy$12 → $18
2026-08-14B of A SecuritiesTarget raisedNeutral$9 → $12
2026-08-13HC Wainwright & Co.ReiteratedBuy$23
2026-07-13StifelInitiatedBuy$22

Total return (dividends reinvested) (CADL)

1Y (from 2025-10-29)5Y (from 2021-10-25)
Total return+57.9%-22.8%
S&P 500 (SPY)+13.6%+79.8%
Per year+58.2%-5.0%
Volatility (annualized)69.3%110.1%
Max drawdown-43.4% (Aug 2026→Oct 2026)-94.0% (Oct 2021→Oct 2023)

CADL earnings history and stock reaction

Results filedQuarterEPSConsensusSurpriseStock reaction
Aug 13, 2026Quarter ended Jun 30, 2026−$0.36−$0.23Miss −56.5%+9.7%
May 14, 2026Quarter ended Mar 31, 2026−$0.14−$0.33Beat +57.6%-1.9%
Mar 12, 2026Quarter ended Dec 31, 2025−$0.29−$0.23Miss −26.1%-8.4%
Feb 19, 2026Quarter ended Dec 31, 2025−$0.29−$0.23Miss −26.1%-12.7%
Nov 13, 2025Quarter ended Sep 30, 2025−$0.23−$0.16Miss −43.8%-5.7%
Oct 14, 2025Quarter ended Sep 30, 2025−$0.23−$0.16Miss −43.8%-7.7%
Aug 14, 2025————-4.8%
May 13, 2025————+6.6%

EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).

CADL recent SEC filings (last 120 days)

FiledFormWhat it says
Sep 10, 20268-KDirector or executive officer change, or pay arrangement; Regulation FD disclosure
“On September 6, 2026, the Board of Directors (the "Board") of Candel Therapeutics, Inc. (the "Company") increased the size of the Board from ten (10) to eleven (11) directors and unanimously appointed Martine Zimmermann, Pharm.D, to fill the newly created vacancy on the Board, effective September 8, 2026. Upon her appointment, Dr. Zimmermann became a member of the slate of Class III directors with terms expiring at the 2027 Annual Meeting of Stockholders of the Company. The Board has determined that Dr. Zimmermann…”
Sep 9, 20268-KRegulation FD disclosure
Aug 13, 202610-QQuarterly report · period ended Jun 30, 2026
Aug 13, 20268-KQuarterly results
Jul 27, 2026Schedule 13GBlackRock, Inc.: 6.6% of shares, passive 5%+ holder

Source: SEC EDGAR. Quotes are the opening words of each item as filed; each form links to the filing. Insider Form 4 filings are listed in the insider sections.

CADL suppliers, customers and competitors (named in its 10-K)

RelationshipCompanySentence in the filing
PartnerPeriphagen“Under the license agreement, Periphagen granted us a worldwide exclusive license with the right to grant sublicenses through multiple tiers under the Licensed IP Rights to conduct research and to develop, make, have made, use, have used, offer for sale, have sold, export and import products incorporating the Licensed IP Rights in all fields of use except the treatment, diagnosis, and prevention of nononcologic ski…”
PartnerJefferies“We simultaneously entered into a sales agreement with Jefferies LLC, as sales agent, to provide for the issuance and sale by us of up to $75.0 million of our common stock from time to time in "at-the-market" offerings under the 2022 Shelf (the 2022 ATM Program).”
PartnerVentagen“On March 1, 2014, we entered into an exclusive license agreement (the Ventagen Agreement), with Ventagen, LLC (Ventagen).”
PartnerTrinity Capital Inc. (TRIN)“Interest expense primarily consists of interest expense on our debt under our Loan and Security Agreement with Trinity and our Loan Agreement with SVB.”
PartnerWuXi“Any additional executive action, legislative action or potential sanctions with China could materially impact one of our current partners, WuXi, and our agreement with them as it relates to our stability testing, or any agreement with other Chinese biotechnology companies.”

Quoted from the company's 10-K filed Mar 12, 2026.

CADL company outlook (results filed Aug 13, 2026)

Quoted word-for-word from the SEC 8-K results press release.

CADL analyst estimates and revisions

PeriodEPS estimate90 days agoChangeRevenue estimateAnalysts
Current quarter (ends Sep 2026)$-0.31$0.00−$0.31$02
Next quarter (ends Dec 2026)$-0.33$0.00−$0.33$02
Current fiscal year (ends Dec 2026)$-1.08$-0.87−$0.21$03
Next fiscal year (ends Dec 2027)$-0.63$0.22−$0.84$41.9M2

CADL options: expected move

Options price a move of about ±36.5% (±$3.10) by Nov 20, 2026, which includes earnings on Nov 12, 2026. Over the last 8 reports the stock moved ±7.2% on average.

ExpirationDaysATM implied volatilityExpected move
Nov 20, 202622185.1%±36.5%
Jan 15, 20277888.5%±33.9%
Apr 16, 202716993.5%±48.8%

30-day implied volatility 103.2% vs 58.3% realized over the last 30 trading days. Put/call ratio (volume) 9.28. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.

Key Statistics (as of October 29, 2026 at 09:22 UTC)

PriceUSD 8.67
Change▲ 5.09% (up)
Previous CloseUSD 8.25
OpenUSD 8.13
Day RangeUSD 8.13 – 8.69
52-Week RangeUSD 4.35 – 14
Volume663,002 shares
Market Cap$663.42M
ExchangeNGM

Technical Analysis (CADL)

Nexqual's technical model rates CADL "STRONG SELL" based on 0 bullish and 5 bearish signals across 127 daily candles, as of October 29, 2026 at 09:22 UTC.

Overall SignalSTRONG SELL
RSI (14)43.5 (neutral)
vs SMA50Below (USD 10.86)
MACD-0.72 (negative)

Analyst Ratings (CADL)

Wall Street analysts rate CADL "Buy" based on 10 analysts, with a mean price target of USD 22.11 (range USD 15–29), per Nexqual as of October 29, 2026 at 09:22 UTC.

Consensus RatingBuy
Analyst Count10
Mean TargetUSD 22.11
High TargetUSD 29
Low TargetUSD 15
Buy / Hold / Sell10 / 0 / 0

Earnings (CADL)

Next Earnings Date2026-11-12
EPS EstimateUSD -0.31
Revenue Estimate$0

Recent Earnings History

QuarterActual vs Estimate
2026-06-30USD -0.36 vs est -0.24 ▼ miss
2026-03-31USD -0.14 vs est -0.33 ▲ beat
2025-12-31USD -0.29 vs est -0.24 ▼ miss
2025-09-30USD -0.23 vs est -0.17 ▼ miss

Source: Nexqual, October 29, 2026 at 09:22 UTC.

Financials & Fundamentals (CADL)

Gross Margin+0.00%
Operating Margin+0.00%
Profit Margin+0.00%
ROE-81.84%
Debt / Equity0.39
Current Ratio16.09
Total Cash$201.56M
Total Debt$49.52M

Source: Nexqual, October 29, 2026 at 09:22 UTC.

Financial Health Score (CADL)

Nexqual rates Candel Therapeutics, Inc.'s overall financial health "Weak" across five dimensions, as of October 29, 2026 at 09:22 UTC.

GrowthMixed — No data
ProfitabilityWeak — Pre-revenue or very early stage
Balance SheetStrong — $202M cash vs $50M debt, net cash position
Cash FlowWeak — Operating cash flow -$38M (FY ended Dec 2025, 10-K)
EfficiencyCritical — ROE -70%, ROA -42.5% (last 4 quarters, SEC)

Ownership (CADL)

Insider Ownership+14.65%
Institutional Ownership+66.67%
Shares Outstanding76.52M
Float60.22M
Short % of Float+21.46%

Source: Nexqual, October 29, 2026 at 09:22 UTC.

Leadership (CADL)

Candel Therapeutics, Inc. is led by Paul-Peter Tak FOCIS, President, CEO & Director, per Nexqual as of October 29, 2026 at 09:22 UTC.

President, CEO & DirectorPaul-Peter Tak FOCIS
Senior VP, CFO, Treasurer & SecretaryCharles Schoch
Chief Scientific OfficerFrancesca Barone
Vice President of Investor Relations & Business DevelopmentTheodore Jenkins

Major Backers & Investors (CADL)

Notable institutional backers of Candel Therapeutics, Inc. include Fidelity, FMR, LLC, RTW Investments LP, according to Nexqual as of October 29, 2026 at 09:22 UTC.

Active Investors

InvestorStake
Fidelity14.41%
FMR, LLC14.36%
RTW Investments LP8.39%
Acorn Capital Advisors, LLC 4.57%
Portolan Capital Management, LLC4.56%
Saturn V Capital Management LP4.32%

Index Funds (Passive)

FundStake
BlackRock6.49%
State Street4.64%
Vanguard Group3.52%
Geode Capital2.05%

Source: Nexqual, October 29, 2026 at 09:22 UTC.

From Candel Therapeutics, Inc.'s Latest SEC 10-K Filing (filed 2026-03-12)

Key Strengths & Strategy (as disclosed to the SEC)

Legal & Regulatory Risks (Item 1A, quoted)

Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.

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Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 29, 2026 at 09:22 UTC. This page is informational and not investment advice.

For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt