Spyre Therapeutics, Inc. (SYRE) Stock Price & Analysis
Spyre Therapeutics, Inc. (SYRE) closed at USD 92.33 on Thursday, October 22, 2026, down 0.67% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 92.95; the Oct 22, 2026 session ranged USD 91.27–94.57 on volume of 802,927 shares. Market capitalization is $8.63B, with a 52-week range of USD 21.15–110.18 (NMS). Source: Nexqual, retrieved October 23, 2026 at 09:48 UTC.
Also available as compact Markdown for AI agents: nexqual.com/SYRE.md
Key facts (SYRE)
- Insider open-market sales, last ~7 months: 22 Form 4 filings, $438M; 2 not under a Rule 10b5-1 plan ($401M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.00 on a 1–5 scale) (18 analysts), mean target USD 122.33 (range 110–130).
- Total return with dividends: 1Y +312.7% vs S&P 500 +14.9%; 5Y -49.4% vs S&P 500 +80.3%.
- Next earnings: 2026-11-03, EPS estimate USD -0.84, revenue estimate $0K.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (SYRE)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $18.7M | $2.3M | $886K | $0K | $0K | — |
| Operating income | -$65.6M | -$84.8M | -$242M | -$209M | -$210M | -$201M |
| Net income | -$65.8M | -$83.8M | -$339M | -$208M | -$155M | -$179M |
| EPS (diluted) | -$25.02 | -$24.86 | $13.76 | — | — | — |
| Free cash flow | -$54.3M | -$80.2M | -$99.9M | -$157M | — | — |
| Operating margin | -350.3% | -3640.2% | -27348.0% | — | — | — |
| Net margin | -351.1% | -3598.8% | -38238.1% | — | — | — |
| Revenue growth | — | -87.6% | -62.0% | -100.0% | — | — |
| Cash + short-term investments | $93.1M | $55.7M | $339M | $603M | $757M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (SYRE)
P/B 7.8x · Earnings yield -2.07%
Insider sales (SEC Form 4, open-market, last ~7 months) (SYRE)
20 of 22 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-01 | King-Jones Heidy | See Remarks | 28,933 | $2.6M | 91% | Yes (adopted April 16, 2026) | Too little history (no open-market trades in 2023–2025) |
| 2026-10-01 | Turtle Cameron | Chief Executive Officer | 15,000 | $1.4M | 2.7% | Yes (adopted June 20, 2025) | Too little history (no open-market trades in 2023 or 2024) |
| 2026-09-30…2026-10-01 | Burrows Scott L | Chief Financial Officer | 25,000 | $2.3M | 23.9% | Yes (adopted November 10, 2025) | Too little history (no open-market trades in 2023) |
| 2026-09-01…2026-09-02 | King-Jones Heidy | See Remarks | 28,399 | $2.5M | 90.9% | Yes (adopted April 16, 2026) | Too little history (no open-market trades in 2023–2025) |
| 2026-09-01…2026-09-02 | Burrows Scott L | Chief Financial Officer | 25,732 | $2.3M | 24.4% | Yes (adopted November 10, 2025) | Too little history (no open-market trades in 2023) |
| 2026-09-01 | Turtle Cameron | Chief Executive Officer | 15,000 | $1.3M | 2.6% | Yes (adopted June 20, 2025) | Too little history (no open-market trades in 2023 or 2024) |
| 2026-08-07 | Albers Jeffrey W. | Director | 23,000 | $2.4M | 71.1% | Yes (adopted April 16, 2026) | Too little history (no open-market trades in 2023 or 2025) |
| 2026-08-03 | Burrows Scott L | Chief Financial Officer | 7,500 | $717K | 7.1% | Yes (adopted November 10, 2025) | Too little history (no open-market trades in 2023) |
| 2026-08-03 | Turtle Cameron | Chief Executive Officer | 15,000 | $1.4M | 2.6% | Yes (adopted June 20, 2025) | Too little history (no open-market trades in 2023 or 2024) |
| 2026-07-01 | Burrows Scott L | Chief Financial Officer | 7,500 | $658K | 7.1% | Yes (adopted November 10, 2025) | Too little history (no open-market trades in 2023) |
| 2026-07-01 | Sloan Sheldon | Chief Medical Officer | 8,334 | $731K | 100% | Yes (adopted June 20, 2025) | Too little history (no open-market trades in 2023–2025) |
| 2026-07-01 | Turtle Cameron | Chief Executive Officer | 15,000 | $1.3M | 2.5% | Yes (adopted June 20, 2025) | Too little history (no open-market trades in 2023 or 2024) |
| 2026-06-25 | Burrows Scott L | Chief Financial Officer | 15,000 | $1.3M | 13.3% | No | Too little history (no open-market trades in 2023) |
| 2026-06-23 | Fairmount Funds Management Llc | Director | 4,684,781 | $400M | 85.2% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-06-22 | Henderson Michael Thomas | Director | 20,000 | $2.0M | 22.6% | Yes (adopted February 6, 2026) | Too little history (no open-market trades in 2023–2025) |
| 2026-06-03 | Sloan Sheldon | Chief Medical Officer | 8,333 | $625K | 100% | Yes (adopted June 20, 2025) | Too little history (no open-market trades in 2023–2025) |
| 2026-06-01 | Turtle Cameron | Chief Executive Officer | 15,000 | $1.1M | 2.4% | Yes (adopted June 20, 2025) | Too little history (no open-market trades in 2023 or 2024) |
| 2026-06-01 | Burrows Scott L | Chief Financial Officer | 7,500 | $533K | 7.1% | Yes (adopted November 10, 2025) | Too little history (no open-market trades in 2023) |
| 2026-05-08 | Henderson Michael Thomas | Director | 80,000 | $6.0M | 47.4% | Yes (adopted February 6, 2026) | Too little history (no open-market trades in 2023–2025) |
| 2026-05-01 | Burrows Scott L | Chief Financial Officer | 12,500 | $892K | 11.3% | Yes (adopted November 10, 2025) | Too 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 (SYRE)
Consensus Buy (mean 2.00 on a 1–5 scale), 18 analysts; mean target USD 122.33 (low 110, high 130).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-19 | BTIG | Reiterated | Buy | $121 |
| 2026-10-12 | UBS | Initiated | Buy | $120 |
| 2026-10-01 | JP Morgan | Initiated | Overweight | $110 |
| 2026-10-01 | BTIG | Reiterated | Buy | $121 |
| 2026-09-09 | Wedbush | Reiterated | Outperform | $123 |
| 2026-09-08 | BTIG | Reiterated | Buy | $121 |
| 2026-08-26 | Deutsche Bank | Target lowered | Buy | $135 → $127 |
| 2026-08-26 | Wedbush | Target lowered | Outperform | $130 → $123 |
| 2026-08-26 | BTIG | Target lowered | Buy | $132 → $121 |
| 2026-08-11 | BTIG | Target raised | Buy | $112 → $132 |
| 2026-08-05 | Wells Fargo | Target raised | Overweight | $90 → $115 |
| 2026-08-05 | Guggenheim | Target raised | Buy | $115 → $130 |
Total return (dividends reinvested) (SYRE)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +312.7% | -49.4% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +314.8% | -12.7% |
| Volatility (annualized) | 65.1% | 121.3% |
| Max drawdown | -27.8% (Aug 2026→Oct 2026) | -98.3% (Oct 2021→May 2023) |
SYRE suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Paragon Therapeutics | “All references to "our product candidates," "our programs" and "our pipeline" in this Annual Report refer to the research programs with respect to which we have signed a license agreement for, exercised the option to acquire intellectual property license rights to or have the option to acquire intellectual property license rights to pursuant to that certain antibody discovery and option agreement, dated May 25, 20…” |
| Partner | WuXi | “Pursuant to a Novation Agreement dated September 19, 2023 (the "Novation Agreement"), by and between us, Paragon and WuXi Biologics (Hong Kong) Limited ("WuXi Biologics"), we novated (i) a Biologics Master Services Agreement (the "WuXi Biologics MSA") and (ii) a Cell Line License Agreement (the "Cell Line License Agreement").” |
| Partner | Parapyre Holding | “All references to "our product candidates," "our programs" and "our pipeline" in this Annual Report refer to the research programs with respect to which we have signed a license agreement for, exercised the option to acquire intellectual property license rights to or have the option to acquire intellectual property license rights to pursuant to that certain antibody discovery and option agreement, dated May 25, 20…” |
| Competitor | AbbVie (ABBV) | “If approved for the treatment of patients with moderate-to-severe IBD, our portfolio of products would compete with TNF antibodies including Humira (AbbVie), Remicade (Johnson & Johnson), and Simponi (Johnson & Johnson);” |
| Competitor | Johnson & Johnson (JNJ) | “If approved for the treatment of patients with moderate-to-severe IBD, our portfolio of products would compete with TNF antibodies including Humira (AbbVie), Remicade (Johnson & Johnson), and Simponi (Johnson & Johnson);” |
Quoted from the company's 10-K filed Feb 19, 2026.
SYRE company outlook (results filed Aug 4, 2026)
- “Enrollment for Part A has completed, with SPY001 and SPY002 Part A topline induction data announced in Q2 2026, and topline data expected for SPY003 in September 2026. ◦ Topline induction data from Part A of the SKYLINE trial in UC subjects were presented in April 2026 and June 2026 for SPY001 and SPY002, respectively.”
- “Topline proof-of-concept data are expected in September 2026. • PsA sub-study: Double-blind, placebo-controlled safety and efficacy study of a single dose level of SPY072 at Week 16 with open-label follow-up through Week 40.”
- “Topline proof-of-concept data are expected in the fourth quarter of 2026. • axSpA sub-study: Double-blind, placebo-controlled safety and efficacy study of a single dose level of SPY072 at Week 16 with open-label follow-up through Week 40.”
- “Topline proof-of-concept data are expected in the fourth quarter of 2026.”
Quoted word-for-word from the SEC 8-K results press release.
SYRE analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $-0.84 | $-0.73 | +15.1% | $0 | 14 |
| Next quarter (ends Dec 2026) | $-0.88 | $-0.69 | +26.7% | $0 | 14 |
| Current fiscal year (ends Dec 2026) | $-2.83 | $-2.95 | -3.9% | $0 | 14 |
| Next fiscal year (ends Dec 2027) | $-3.51 | $-3.13 | +12.0% | $0 | 14 |
SYRE options: expected move
Options price a move of about ±17.7% (±$16.30) by Nov 20, 2026, which includes earnings on Nov 3, 2026. Over the last 8 reports the stock moved ±11.5% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 79.1% | ±17.7% |
| Dec 18, 2026 | 56 | 69.3% | ±21.6% |
| Jan 15, 2027 | 84 | 65.7% | ±24.9% |
| Mar 19, 2027 | 147 | 65.5% | ±32.5% |
| Jun 17, 2027 | 237 | 64.0% | ±40.2% |
30-day implied volatility 75.4% vs 65.4% realized over the last 30 trading days. Put/call ratio (volume) 0. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:48 UTC)
| Price | USD 92.33 |
|---|---|
| Change | ▼ 0.67% (down) |
| Previous Close | USD 92.95 |
| Open | USD 92.95 |
| Day Range | USD 91.27 – 94.57 |
| 52-Week Range | USD 21.15 – 110.18 |
| Volume | 802,927 shares |
| Market Cap | $8.63B |
| Exchange | NMS |
Technical Analysis (SYRE)
Nexqual's technical model rates SYRE "BUY" based on 4 bullish and 2 bearish signals across 127 daily candles, as of October 23, 2026 at 09:48 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 58.84 (neutral) |
| vs SMA50 | Above (USD 91.2) |
| MACD | -0.52 (negative) |
Analyst Ratings (SYRE)
Wall Street analysts rate SYRE "Buy" based on 18 analysts, with a mean price target of USD 122.33 (range USD 110–130), per Nexqual as of October 23, 2026 at 09:48 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 18 |
| Mean Target | USD 122.33 |
| High Target | USD 130 |
| Low Target | USD 110 |
| Buy / Hold / Sell | 17 / 1 / 0 |
Earnings (SYRE)
| Next Earnings Date | 2026-11-03 |
|---|---|
| EPS Estimate | USD -0.84 |
| Revenue Estimate | $0 |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD -0.36 vs est -0.75 ▲ beat |
| 2026-03-31 | USD -0.74 vs est -0.65 ▼ miss |
| 2025-12-31 | USD -0.74 vs est -0.8 ▲ beat |
| 2025-09-30 | USD -0.15 vs est -0.74 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:48 UTC.
Financials & Fundamentals (SYRE)
| Gross Margin | +0.00% |
|---|---|
| Operating Margin | +0.00% |
| Profit Margin | +0.00% |
| ROE | -22.98% |
| Current Ratio | 18.53 |
| Total Cash | $1.15B |
| Total Debt | $0 |
Source: Nexqual, October 23, 2026 at 09:48 UTC.
Financial Health Score (SYRE)
Nexqual rates Spyre Therapeutics, Inc.'s overall financial health "Weak" across five dimensions, as of October 23, 2026 at 09:48 UTC.
| Growth | Mixed — No data |
|---|---|
| Profitability | Weak — Pre-revenue or very early stage |
| Balance Sheet | Mixed — $1.15B cash, no debt |
| Cash Flow | Weak — Operating cash flow -$169M (FY ended Dec 2025, 10-K) |
| Efficiency | Critical — ROE -23%, ROA -19.8% |
Ownership (SYRE)
| Insider Ownership | +1.58% |
|---|---|
| Institutional Ownership | +108.24% |
| Shares Outstanding | 93.45M |
| Float | 82.50M |
| Short % of Float | +15.36% |
Source: Nexqual, October 23, 2026 at 09:48 UTC.
Leadership (SYRE)
Spyre Therapeutics, Inc. is led by Cameron Turtle DPHIL, CEO & Director, per Nexqual as of October 23, 2026 at 09:48 UTC.
| CEO & Director | Cameron Turtle DPHIL |
|---|---|
| Chief Financial Officer | Scott L. Burrows |
| Senior Vice President of Operations | Janet Gunzner-Toste |
| Senior Vice President of Finance & Investor Relations | Eric McIntyre |
| Senior Vice President of Quality & Compliance | James Myers |
Major Backers & Investors (SYRE)
Notable institutional backers of Spyre Therapeutics, Inc. include FMR, LLC, Fidelity, Perceptive Advisors Llc, according to Nexqual as of October 23, 2026 at 09:48 UTC.
Active Investors
| Investor | Stake |
|---|---|
| FMR, LLC | 12.78% |
| Fidelity | 5.14% |
| Perceptive Advisors Llc | 4.24% |
| RTW Investments LP | 4.17% |
| Paradigm Biocapital Advisors LP | 3.77% |
| Venrock Adviser, LLC | 2.93% |
| Price (T.Rowe) Associates Inc | 2.91% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 6.38% |
| Vanguard Group | 3.38% |
| State Street | 3% |
Source: Nexqual, October 23, 2026 at 09:48 UTC.
From Spyre Therapeutics, Inc.'s Latest SEC 10-K Filing (filed 2026-02-19)
Key Strengths & Strategy (as disclosed to the SEC)
- We seek to protect our proprietary information, in part by executing confidentiality agreements with our collaborators and scientific advisors, and non-competition, non-solicitation, confidentiality and invention assignment agreements with our employees and consultants.
- The confidentiality agreements we enter into are designed to protect our proprietary information and the agreements or clauses requiring assignment of inventions to us are designed to grant us ownership of technologies that are developed through our relationship with the respective counterparty.
- Should any of our product candidates be approved for commercialization, we intend to develop a plan to commercialize them in the United States and other key markets, through internal infrastructure and/or external partnerships in a manner that will enable us to realize the full commercial value of our product candidates.
- Our manufacturing strategy enables us to more efficiently direct financial resources to the research, development and commercialization of programs rather than diverting resources to internally develop and maintain manufacturing facilities.
Partnerships
- With respect to the SPY002 License Agreement only, on a product by product basis, we are obligated to pay sublicensing fees of up to approximately $20 million upon the achievement of mostly commercial milestones.
- In May 2023, Pre-Merger Spyre entered into the Paragon Agreement with Paragon and Parapyre.
Legal & Regulatory Risks (Item 1A, quoted)
- We may not be able to achieve our timelines or obtain timely regulatory approvals of product candidates.
- We may not be able to meet requirements for chemistry, manufacturing and control of our programs.
- Our product candidates may face competition sooner than anticipated based on rules and regulations that may apply or government decisions with respect to our intellectual property.
- We may be negatively impacted by healthcare legislative reform measures and other changes in law.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| CYTK | Cytokinetics, Incorporated | USD 62.33 | ▼ 0.84% |
| IBRX | ImmunityBio, Inc. | USD 8.31 | ▼ 3.82% |
| CAI | Caris Life Sciences, Inc. | USD 31.71 | ▼ 1.98% |
| TWST | Twist Bioscience Corporation | USD 135.47 | ▼ 9.16% |
| PTGX | Protagonist Therapeutics, Inc. | USD 139.53 | ▲ 1.05% |
| ARWR | Arrowhead Pharmaceuticals, Inc. | USD 58.36 | ▼ 0.82% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:48 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