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TTEN·K/calls

SEC-grounded equity research — opinionated calls reasoned over real filings.

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Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.

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Home›Coverage›DRUG
On this page
OverviewValuationQualitySmart moneyFilings
DRUG logo

DRUGBRIGHT MINDS BIOSCIENCES INC.

Next earnings Aug 12, 2026

Sell
$77.84
▼ -0.46%
Rating
Sell
Quality
B
Valuation
Fair value
How to read this →
SellMixed signals in the latest filings.Full call ↓
$77.84▲ +184.82%
over 1Y
L $24.36H $95.99
Today
-0.5%
1W
+16.8%
1M
+26.4%
3M
-6.8%
YTD
-6.7%
1Y
+184.8%
OverviewValuationQualitySmart moneyFilings
Sell
Conviction
Horizon
Medium (3–12mo)
Street · 7 analysts
Buy

Mixed signals in the latest filings.

This call stands until the filings change it — the engine re-rates on new 10-K/10-Q/8-K facts, never on price moves. Hit Watch above to follow DRUG (Pro alerts fire the moment a rating flips), or catch every change in Saturday’s Flip Side. How to read a call

BRIGHT MINDS BIOSCIENCES INC. shows limited reported revenue.

On these fundamentals, DRUG screens as SELL on the SEC figures.

Is DRUG a buy? The one-page verdict, explained →

The options angle

model · matches our verdict
Bear put spread~60d expiry
  • Long put 78 @ ~9.04 est
  • Short put 70 @ ~5.21 est
debit $383max +$417max −$383BE 74.17

SELL verdict, defined risk: profits into weakness down to the short strike; max loss is the net debit.

Open in the calculator →
Browse all model plays →

Educational template, not a trade recommendation. Strikes and premiums are Black-Scholes model estimates from the last close and 30-day realized volatility — real chains, spreads and IV will differ. Options involve substantial risk.

Financialsannual, by fiscal year

No income data filed.

10-year statements — income, cash flow, balance sheet & CSV export →

Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.

Key statistics

Valuation

Enterprise value$767M
EV / EBITDA—
EV / Sales—
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield—
FCF yield—

Quality & risk

ROIC (est.)—
Free cash flow—
Total debt—
Net cash—

Capital returns

Buyback yield—
Dividend yield (est.)—
Shareholder yield—
Shares Δ YoY+1.3%

Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.

Recent filings

all on EDGAR ↗
SCHEDULE 13D/AFiling2026-07-02open ↗6-KPeriod ending 2026-03-312026-06-03open ↗6-KPeriod ending 2026-01-202026-06-02open ↗6-KPeriod ending 2026-05-262026-05-28open ↗6-KPeriod ending 2026-03-312026-05-20open ↗SCHEDULE 13GFiling2026-05-15open ↗SCHEDULE 13G/AFiling2026-05-15open ↗SCHEDULE 13G/AFiling2026-05-15open ↗SCHEDULE 13G/AFiling2026-05-12open ↗SCHEDULE 13G/AFiling2026-04-30open ↗4Period ending 2026-04-282026-04-30open ↗SCHEDULE 13G/AFiling2026-02-17open ↗

Quality score

B
ValueGrowthProfitHealthMom.
Value—
Growth—
Profitability—
Financial health—
MomentumB
24.3652-week95.98
Revenue
—
Net margin
—
ROE
—
P/E
—

SEC fundamentals

Frequently asked

Is BRIGHT MINDS BIOSCIENCES INC. (DRUG) a buy?
DRUG currently carries a Sell rating with 2/5 conviction, derived from its latest SEC filings. Mixed signals in the latest filings.
What is BRIGHT MINDS BIOSCIENCES INC.'s quality score?
DRUG scores 71.80630861040068/100 (grade B) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.

Sources: SEC EDGAR (CIK 0001827401, latest SCHEDULE 13D/A filed 2026-07-02) · EODHD · as of 7/11/2026, 10:42:11 AM.

›About this recommendation — produced by TENK/calls (tenkcalls.com), Luxembourg · not investment advice

Rule-based analysis, generated automatically from SEC filing data.

Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jul 11, 2026, 6:42 AM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.

Intraday
NVDA$210.96▲4.03%AAPL$315.32▼0.28%GOOGL$357.18▼0.48%GOOG$355.03▼0.34%MSFT$385.10▲0.19%AMZN$245.34▼0.69%TSM$434.11▼0.65%SPCX$145.30▼4.51%AVGO$399.97▼0.28%META$669.21▲5.97%TSLA$407.76▲0.30%MU$979.30▼1.24%LLY$1,188.58▼2.33%BRK-B$493.71▼0.35%BRK-A$739,750.00▼0.17%JPM$336.47▲0.30%WMT$113.90▲1.51%AMD$557.89▲2.04%ASML$1,797.32▼0.38%V$348.97▲0.22%JNJ$256.98▼0.82%XOM$138.88▲1.03%INTC$109.84▼2.40%AMAT$602.50▲2.35%CSCO$121.31▲2.54%MA$526.74▲0.68%LRCX$350.33▼0.80%ABBV$248.08▼0.73%CAT$952.41▲1.49%BAC$59.67▲0.71%
NVDA$210.96▲4.03%AAPL$315.32▼0.28%GOOGL$357.18▼0.48%GOOG$355.03▼0.34%MSFT$385.10▲0.19%AMZN$245.34▼0.69%TSM$434.11▼0.65%SPCX$145.30▼4.51%AVGO$399.97▼0.28%META$669.21▲5.97%TSLA$407.76▲0.30%MU$979.30▼1.24%LLY$1,188.58▼2.33%BRK-B$493.71▼0.35%BRK-A$739,750.00▼0.17%JPM$336.47▲0.30%WMT$113.90▲1.51%AMD$557.89▲2.04%ASML$1,797.32▼0.38%V$348.97▲0.22%JNJ$256.98▼0.82%XOM$138.88▲1.03%INTC$109.84▼2.40%AMAT$602.50▲2.35%CSCO$121.31▲2.54%MA$526.74▲0.68%LRCX$350.33▼0.80%ABBV$248.08▼0.73%CAT$952.41▲1.49%BAC$59.67▲0.71%
Intraday
NVDA$210.96▲4.03%AAPL$315.32▼0.28%GOOGL$357.18▼0.48%GOOG$355.03▼0.34%MSFT$385.10▲0.19%AMZN$245.34▼0.69%TSM$434.11▼0.65%SPCX$145.30▼4.51%AVGO$399.97▼0.28%META$669.21▲5.97%TSLA$407.76▲0.30%MU$979.30▼1.24%LLY$1,188.58▼2.33%BRK-B$493.71▼0.35%BRK-A$739,750.00▼0.17%JPM$336.47▲0.30%WMT$113.90▲1.51%AMD$557.89▲2.04%ASML$1,797.32▼0.38%V$348.97▲0.22%JNJ$256.98▼0.82%XOM$138.88▲1.03%INTC$109.84▼2.40%AMAT$602.50▲2.35%CSCO$121.31▲2.54%MA$526.74▲0.68%LRCX$350.33▼0.80%ABBV$248.08▼0.73%CAT$952.41▲1.49%BAC$59.67▲0.71%
NVDA$210.96▲4.03%AAPL$315.32▼0.28%GOOGL$357.18▼0.48%GOOG$355.03▼0.34%MSFT$385.10▲0.19%AMZN$245.34▼0.69%TSM$434.11▼0.65%SPCX$145.30▼4.51%AVGO$399.97▼0.28%META$669.21▲5.97%TSLA$407.76▲0.30%MU$979.30▼1.24%LLY$1,188.58▼2.33%BRK-B$493.71▼0.35%BRK-A$739,750.00▼0.17%JPM$336.47▲0.30%WMT$113.90▲1.51%AMD$557.89▲2.04%ASML$1,797.32▼0.38%V$348.97▲0.22%JNJ$256.98▼0.82%XOM$138.88▲1.03%INTC$109.84▼2.40%AMAT$602.50▲2.35%CSCO$121.31▲2.54%MA$526.74▲0.68%LRCX$350.33▼0.80%ABBV$248.08▼0.73%CAT$952.41▲1.49%BAC$59.67▲0.71%
Smart money○○○→

Smart moneyinsiders · Congress · funds

○○○

Disclosed smart-money activity in DRUG, but no clear buy consensus.

▼
Corporate insiders
0 open-market buys · 1 sale · last 90 days
Form 4
—
Congress
No disclosed trades
STOCK Act · ~45d lag
—
Institutions
Not held by tracked funds
13F · quarterly

Different disclosure clocks — Form 4s file within days, Congress PTRs lag up to ~45 days, and 13F holdings are a quarterly snapshot (up to ~4.5 months old). A disclosed-accumulation view, not live correlation.

Insider activityForm 4 · SEC

all insiders →

Last 90 days: 0 open-market buys · 1 sale

2026-04-28
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10% owner
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8.90K @ $7.31$65.0K
2024-10-15
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10% owner
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2024-10-15
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10% owner
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Cormorant Asset Management, LP
10% owner
Buy
19.2K @ $11.72$225K

ETF ownershipForm N-PORT · SEC · quarterly

IWMiShares Russell 2000 ETF0.02%$12.3M

Weight = the ETF’s percent of assets in DRUG, as of each fund’s latest public N-PORT (period end 2026-03-31) — a delayed, roughly quarterly snapshot filed ~2 months after the period, not a live position.

Ownership stakes

SEC · 13D / 13G
2026-07-02Activist 13D13.7%AmendedMcDonald IanFiling ↗
2026-05-15Passive 13G5.0%Vestal Point Capital, LPFiling ↗
2026-05-12Passive 13G5.2%AmendedVivo Opportunity Fund Holdings, L.P.Filing ↗
2026-02-06Passive 13G10.9%AmendedCormorant Asset Management, LPFiling ↗
2025-11-14Passive 13G6.4%Vivo Opportunity Fund Holdings, L.P.Filing ↗
2025-11-13Passive 13G5.6%Adage Capital Management, L.P.Filing ↗
2025-11-12Passive 13G2.7%AmendedSio Capital Management, LLCFiling ↗

Schedule 13D/13G filings disclosing a >5% stake in the company. A 13D declares intent to engage — read the filing; a 13G is a passive holding. Percent is the percent-of-class stated on the cover page. Source: SEC EDGAR (public domain).

Fails-to-deliver

SEC · settled 2026-06-12
708.00shares failed to deliverSpike · 41.6× median

DRUG fails-to-deliver history — every published settlement day →

Aggregate CNS settlement fails on the latest published day, vs this name’s trailing median. From SEC fails-to-deliver data (published twice monthly) — a settlement metric, not short interest.

SEC correspondence

SEC · UPLOAD / CORRESP
2025-08-28Company responseCORRESPFiling ↗
2025-08-27SEC letterUPLOADFiling ↗
2025-02-12Company responseCORRESPFiling ↗
2025-02-11SEC letterUPLOADFiling ↗

DRUG SEC comment-letter history — every letter and response →

SEC staff comment letters (UPLOAD) questioning the company’s disclosures and its written responses (CORRESP), from the SEC’s filing review. Reviews are routine and this is not an assertion of wrongdoing; correspondence is released about 20 business days after a review concludes, so dates reflect the letter itself, not its release. Source: SEC EDGAR (public domain).

Recent news

market news →
Bright Minds Biosciences to Present at Jefferies Global Healthcare ConferenceBullish
globenewswire.com· 2026-05-26
Acuta Capital Sells 56% of Ocular Therapeutix Shares in Q1Bullish
finance.yahoo.com· 2026-05-26
Why a $5 Million New Position Signals Confidence in This Epilepsy Drug PipelineBullish
finance.yahoo.com· 2026-05-21
Acuta Capital Bet on Erasca (ERAS) and Targeted Cancer Treatments With a 354,575 Share BuyBearish
finance.yahoo.com· 2026-05-16
Baird Lowers Bright Minds Biosciences Inc. (DRUG) Price Target to $126, Maintains Outperform Rating Ahead of Upcoming TrialsBullish
finance.yahoo.com· 2026-02-19
Bright Minds prices $175M stock offeringBullish
seekingalpha.com· 2026-01-08

Vs tracked universe

compare →

1184 tracked peers · median

TENK Score72 vs 67
Revenue growth— vs 7.6%
Net margin— vs 10.0%
Return on equity— vs 12.0%
P/E— vs 26.5

News sentiment

EODHD · 3d
Bearish
-0.48
vs typical · 4 articles
↑ improving

Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.