Zevra Therapeutics Inc. (ZVRA) Options Positioning, Max Pain & Unusual Sweeps

$10.28 -0.77% NASDAQ β€’ Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $10.25

Zevra Therapeutics Inc. (ZVRA) carries a Roarable Rating of D- (Sell) with 37/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

ROARABLE D- β€’ RED ALERT Cap $615.2M
πŸ“€ Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card
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β–Ό

As of 2026-11-02, Zevra Therapeutics Inc. (NASDAQ: ZVRA) is rated D- (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 37/100 at a spot price of $10.28 (-0.77% 1D, market cap $615.2M). Pillar breakdown: Fundamental Cash Engine 4/20, Institutional 13F & Options Flow 6/20, Executive Insider Alignment 13/20, FRED Macro Regime Fit 7/20, and SEC Balance-Sheet Forensics 7/20. Across 1016 tracked Health Care issuers, ZVRA ranks #606 in composite RQD confidence.

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πŸ€– Ellis Vennor β€’ AI Peer & Flow Quant (Click for Instant Brief) How does ZVRA compare to GERN and NVCT in the Health Care sector?
β–Ό

Within the Health Care sector (Biotechnology: Pharmaceutical Preparations), ZVRA carries a Roarable D- (37/100 RQD), trailing P/E of 7.4x, gross margin of β€”, and ROIC of -32.3%. By comparison, GERN (Geron Corporation) holds a E grade (29/100 RQD, P/E N/A, ROIC -20.2%, cap $607.9M) and NVCT (Nuvectis Pharma Inc.) posts a D- grade (37/100 RQD, P/E N/A, ROIC -35.0%, cap $605.6M). Among the 5-stock peer group, CRMD leads on earnings multiple (3.7x) while IRWD leads on capital efficiency (85.0% ROIC).

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πŸ€– Gideon Ashmere β€’ AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for ZVRA?
β–Ό

Per ZVRA's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001434647), Zevra Therapeutics Inc. generated $0 in revenue, $83.2M in net income, and -$2.4M in free cash flow against $284.7M in total assets and $61.9M in total debt. Key quantitative strengths: Established market leader in Health Care with deep daily trading liquidity.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.

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INTERACTIVE SCENARIO DECK:
πŸ›‘οΈ Portfolio Crash X-Ray
EXT / AFTER-HRS: $10.25 (-0.33%)🧬 Dilution Drag (+1.36% YoY Shares)βš™οΈ Cash Engine: 4/20 (E) β€’ 0% FCF Margin
Verify 90D Bucket Audit β†’
πŸ“Š Historical Track Record Warning: Scores below 50 (37/100 Β· D-) historically underperformed SPY in 71% of rolling 90-day windows (-8.1% avg 90D alpha vs SPY β€’ 29.0% hit rate).
Audit Bucket Track Record β†’
RQD QUANT TACHOMETERRED ALERT β€’ D-
025507510037
2-of-3 JEV AI Jury Bearish Warning
Cash
SEC
Whale

Impersonal quantitative research (0–100 RQD rubric) β€” not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw E Β· Rk D
Cash (4)Whales (6)SEC (13)Macro (7)CEO (7)
Each axis scored 0–20
12M PRICE TARGET CONE-9.4% Base Target
$16 Bull$9 Base$7 Bear
πŸ“¬ FREE ZVRA RATING-CHANGE & BRIEFING ALERTSManage / Unsubscribe
WHALE OPTIONS SNAPSHOT: β€” (No Active Options Snapshot on file for ZVRA)Realized 20D OHLCV Swing Band: Β±9.2%
Deterministic 5-Pillar Attribution (37/100 Composite)
πŸ” WHY ZVRA SCORES 37/100 (D-) β€” TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag
β–² #1 Bullish Driver: SEC 10-K Forensic Risk+13/20 pts (35% of score)

Altman Z-Score 3.80 (FORTRESS SAFE (>3.0)) β€’ Piotroski F-Score 4/9

β–² #2 Bullish Driver: Macro Regime Fit+7/20 pts (19% of score)

FRED Regime Γ— Technicals: 32% of 52W Range β€’ RSI-14 at 47 (NEUTRAL RANGE)

β–Ό #1 Drag / Risk Factor: Cash Engine Quality4/20 pts (-16 pt drag)

Capital intensity & 0% operating margin leave 16 pts on the table

πŸ“ˆ PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 β†’ Q2 β†’ Q3 β†’ Current
Q1 (-3Q)
45
Grade D$11.32-10.2% Next Q
Q2 (-2Q)
42
Grade D$10.16-6.2% Next Q
Q3 (-1Q)
40
Grade D$9.53+7.9% Next Q
Current
37
Grade D-$10.28-8.1% Hist 90D Ξ±
Trajectory: D (45) β†’ D- (37)Full Audit β†’
βš”οΈ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

βš”οΈ Adversarial Opposing Case: What Could Spark a ZVRA Turnaround Squeeze

Gideon Ashmere Forensic Desk β†’

While ZVRA currently carries a cautious 37/100 (D-) rating due to Cash Engine Quality (4/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

πŸš€ Contrarian Squeeze Trigger #1

Established market leader in Health Care with deep daily trading liquidity.

πŸš€ Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($11.15) and Max Pain ($10.79) forces dealer call-delta covering toward $15.78.

πŸš€ Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Dilution Drag (+1.36% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $ZVRAβ€’ $2.4M Crowd Pool β€’ Kalshi / Polymarket Composite
Contract: β€œZVRA Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”
CALL VS. PUT WHALE SHARE
β€” (No Active Options Snapshot)
Put/Call Ratio: β€” (No Active Options Snapshot)
MAX-PAIN EXPIRATION MAGNET
β€” (No Active Options Snapshot)
No active options chain max-pain snapshot on file
HISTORICAL 20D VOLATILITY SWING
Β±9.2%
Derived from 20D OHLCV bars (No Active Options Snapshot)

Active Strike Call vs. Put Concentration Ladder (ZVRA)

β€” (No Active Options Snapshot) β€” No unusual CBOE strike concentration anomalies recorded in the current database snapshot for ZVRA.

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Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring ZVRA)

  • βœ“Walkthrough of ZVRA's RQD Radar, SEC cash-conversion gap & downside invalidation levels
  • βœ“3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
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ZVRA // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +2.29%πŸ“ WEDGE COMPRESSION COIL
2026-11-02O $10.31H $10.36L $10.28C $10.28VOL 507.9K
RES: $10.97SUP: $9.49SMA50: $11.15SMA200: $10.75
$15.45$13.73$12.01$10.29$8.57RES $10.97SUP $9.49$10.282026-05-042026-06-172026-08-042026-09-172026-11-02
PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

ZVRA Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)
-6.9%/yr Implied 5Y Growth

vs. +6.0% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on ZVRA today. View full Setup Ledger β†’

πŸ¦‹ Documented & Second-Order Butterfly Connections Open Graph β†’

No direct multi-tier Butterfly edges indexed yet for ZVRA. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video
🎬 No recent verified company-specific video clip queued for ZVRA today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk β†’
DETERMINISTIC MULTI-FACTOR EQUITY AUDIT β€’ SEC EDGAR XBRL Γ— RQD PEER BENCHMARK

πŸ“Š Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (ZVRA)

1. Head-to-Head Health Care Peer Comparison (ZVRA vs. GERN, NVCT, IRWD, CRMD)

Industry: Biotechnology: Pharmaceutical Preparations (489 Tracked Issuers)

Across 1016 tracked Health Care securities in the Roarable RQD universe, Zevra Therapeutics Inc. (ZVRA) ranks #606 by composite RQD confidence (37/100, grade D-) and #417 by equity capitalization ($615.2M). Within this direct 5-issuer industry benchmark cohort, CRMD leads on earnings valuation at 3.7x trailing P/E, while IRWD leads on capital efficiency and profitability with 85.0% ROIC and β€” gross margin. IRWD currently holds the highest overall quantitative score in the immediate peer group at 63/100 (C) compared with ZVRA at 37/100 (D-).

Ticker / Company Roarable Grade RQD Score Trailing P/E Gross Margin ROIC 1D Change Market Cap Head-to-Head
ZVRA ACTIVE
Zevra Therapeutics Inc.
D- 37/100 7.4x β€” -32.3% -0.77% $615.2M Benchmark Subject
GERN
Geron Corporation
E 29/100 β€” β€” -20.2% -5.47% $607.9M /gern-vs-zvra β†’
NVCT
Nuvectis Pharma Inc.
D- 37/100 β€” β€” -35.0% -0.48% $605.6M /nvct-vs-zvra β†’
IRWD
Ironwood Pharmaceuticals Inc. (Class A)
C 63/100 24.9x β€” 85.0% -3.31% $598.2M /irwd-vs-zvra β†’
CRMD
CorMedix Inc.
C 62/100 3.7x 88.5% 45.5% -25.46% $595.5M /crmd-vs-zvra β†’

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K β€’ FILED 2025-12-31 β€’ CIK 0001434647

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Zevra Therapeutics Inc. (ZVRA) reported GAAP revenue of $0 (N/A vs. FY2024 revenue of $0 ) , GAAP net income of $83.2M, operating cash flow of -$1.6M, and free cash flow of -$2.4M (+96.5% YoY). On the balance sheet, ZVRA closed FY2025 with $284.7M in total assets against $61.9M in total debt (Altman Z-Score: N/A, Piotroski F-Score: 4/9).

Fiscal Period Filing Date Revenue Net Income Operating Cash Flow Free Cash Flow Total Assets Total Debt
FY2025 (FY) 2025-12-31 $0 $83.2M -$1.6M -$2.4M $284.7M $61.9M
FY2024 (FY) 2024-12-31 $0 -$105.5M -$69.7M -$69.7M $178.1M $59.5M
FY2023 (FY) 2023-12-31 $0 -$46.0M -$33.5M -$33.5M β€” β€”

3. ZVRA Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

βœ“ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is ZVRA stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-02, Zevra Therapeutics Inc. (NASDAQ: ZVRA) is rated D- (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 37/100 at a spot price of $10.28 (-0.77% 1D, market cap $615.2M). Pillar breakdown: Fundamental Cash Engine 4/20, Institutional 13F & Options Flow 6/20, Executive Insider Alignment 13/20, FRED Macro Regime Fit 7/20, and SEC Balance-Sheet Forensics 7/20. Across 1016 tracked Health Care issuers, ZVRA ranks #606 in composite RQD confidence.

How does ZVRA compare to GERN and NVCT in the Health Care sector?

Within the Health Care sector (Biotechnology: Pharmaceutical Preparations), ZVRA carries a Roarable D- (37/100 RQD), trailing P/E of 7.4x, gross margin of β€”, and ROIC of -32.3%. By comparison, GERN (Geron Corporation) holds a E grade (29/100 RQD, P/E N/A, ROIC -20.2%, cap $607.9M) and NVCT (Nuvectis Pharma Inc.) posts a D- grade (37/100 RQD, P/E N/A, ROIC -35.0%, cap $605.6M). Among the 5-stock peer group, CRMD leads on earnings multiple (3.7x) while IRWD leads on capital efficiency (85.0% ROIC).

What are the biggest fundamental strengths and SEC risk factors for ZVRA?

Per ZVRA's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001434647), Zevra Therapeutics Inc. generated $0 in revenue, $83.2M in net income, and -$2.4M in free cash flow against $284.7M in total assets and $61.9M in total debt. Key quantitative strengths: Established market leader in Health Care with deep daily trading liquidity.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.

Where is ZVRA trading relative to its 50-day, 200-day, and 52-week technical levels?

ZVRA last traded at $10.28 (-0.77% on volume of 642,059 shares), positioning the stock -7.80% below its 50-day simple moving average ($11.15) and -4.37% below its 200-day simple moving average ($10.75). Across its 52-week range of $8.01 to $15.03, ZVRA sits at the 32.3% percentile with a 14-day RSI of 47.0 (NEUTRAL RANGE) and an implied next-earnings move of Β±9.2% ($9.33 to $11.23).

ZVRA Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS β€’ SEC EDGAR Γ— CBOE Γ— FRED

What is ZVRA's options positioning and volatility profile?

Roarable tracks verified CBOE unusual options sweeps, put/call ratios, and OHLCV realized volatility bands for ZVRA.

ROARABLE RATING BRIEF β€’ RQD 37/100 (D-) βœ“ STAGE-C NUMBER FIREWALL VERIFIED

ZVRA β€” Zevra Therapeutics Inc.: What the Facts Mean to a Prospective Investor

Engine: anthropic/claude-haiku-5.5
As of: 2026-11-02T15:34:28Z

Roarable Rating Brief: What This Means to a Prospective Investor

Per the Roarable RQD rating, ZVRA scores 37 out of 100 with a letter grade of D- and a verdict label of "Roarable Sell β€” Vulnerable Balance Sheet & Flow." The five pillars are:

  • Fundamental Cash Engine (4 / 20): Per the Roarable RQD rating, this is the weakest pillar, reflecting ROIC of -32.3% and FCF yield of -0.4%. For a prospective investor, this means the business is not currently generating returns on invested capital or positive free cash flow to support its valuation on cash-flow grounds.
  • Whale 13F Flow (6 / 20): Per the Roarable RQD rating, institutional accumulation and options positioning score weakly. Investors should not read this as confirmation of institutional conviction.
  • Insider Conviction (7 / 20): Per the Roarable RQD rating, SEC Form 4 and Congressional PTR cluster flow score weakly. Recent news items reference insider sales, which the rating does not treat as supportive.
  • Macro Regime Fit (7 / 20): Per the Roarable RQD rating, beta of 1.0 and sector sensitivity score weakly. The stock's market-relative volatility is in line with the market, offering no defensive cushion in a risk-off regime.
  • Forensic Balance Sheet (13 / 20): Per the Roarable RQD rating, Altman Z of 2.5, Piotroski F of 4/9, and Debt/Equity of 0.4 are the strongest pillar, though still moderate. This is the most constructive pillar in the rating.

Taken together, the rating implies a valuation that is low on earnings multiples (P/E 7.4 TTM) while the underlying operating cash engine remains negative. Upside drivers would need to come from a sustained improvement in operating returns and free cash flow; the source data does not indicate that such a turn has occurred. Investors weighing the low multiple against negative ROIC should recognize the tradeoff: earnings-based cheapness can coexist with weak cash generation. This is educational analysis, not personalized financial advice.

Business

Zevra Therapeutics Inc. (ZVRA) is a NASDAQ-listed issuer in the Health Care sector, operating in the Biotechnology: Pharmaceutical Preparations industry, per the company profile. Per the company profile, the company has a market capitalization of $0.6B. The source data does not describe the company's products, customers, or revenue model in detail.

Financial Trend

PeriodRevenueOperating IncomeNet IncomeEPSFCFCashDebt
FY 2025$0.0M$-62.9M$83.2MN/A$-2.4M$62.4M$61.9M
FY 2024$0.0M$-87.0M$-105.5MN/A$-69.7M$33.8M$59.5M
FY 2023$0.0M$-49.6M$-46.0MN/A$-33.5MN/AN/A

Per the SEC financials, reported revenue is $0.0M across the periods shown, and operating income is negative in each. Per the market data, gross, operating, and net margins are each 0%, and ROIC is -32.3%. Per the Roarable RQD rating, the Altman Z-Score is 2.5 and the Piotroski F-Score is 4/9. Per the Roarable RQD rating, Debt/Equity is 0.4. FY 2025 shows net income of $83.2M despite negative operating income of $-62.9M, a divergence the source data does not explain.

Recent Catalysts & News Wire Analysis

Per the recent news feed, the items are:

  • Market-wire coverage of ZVRA estimates (TradingView, marked YELLOW).
  • A Seeking Alpha piece on cash position relative to a rival's deal pricing (YELLOW).
  • A Stock Titan report of a 20,000-share sale by director Neil F. McFarlane (YELLOW).
  • A Stocktwits report on the stock reaching its highest levels in nearly five years (GREEN, catalyst).
  • A Seeking Alpha piece referencing Miplyffa and Europe as a swing factor (GREEN, catalyst).
  • An Investing.com report of a $224,948 stock sale by the president and CEO (YELLOW).

Risk watch items include the reported insider sales and the Seeking Alpha framing of Europe as a swing factor. Per the Butterfly Supply-Chain Graph, the supply chain is listed as NONE, with no butterfly links and no proprietary signals.

Butterfly Effect: 2nd-Order Supply-Chain & Sector Ripples

Per the Butterfly Supply-Chain Graph, no upstream or downstream dependencies, sector correlations, or proprietary signals are mapped. Not available in source data for supplier, customer, or sector-linkage analysis. Investors should monitor the European commercial outlook referenced in the news feed as the principal open second-order variable.

Open Questions

  • What drives the FY 2025 net income of $83.2M given operating income of $-62.9M, and is it recurring?
  • What is the company's revenue base, given reported revenue of $0.0M across all periods?
  • What is the status of the European market opportunity referenced in the news feed?
  • What is the FY 2023 cash and debt position, which is listed as N/A?
  • What are the terms and scale of the cash-versus-rival-deal comparison referenced in the news feed?

ZVRA Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for Zevra Therapeutics Inc. (ZVRA) β€’ Click "Debate This Headline" to argue it in the Roar Pit below

πŸ’¬ Jump to ZVRA Debate Forum (3) ↓
πŸ”₯ THE ROAR PIT β€’ LIVE COMMUNITY DEBATE 3 Active Posts & Replies

ZVRA Bull vs. Bear Conversation Board β€” What's Your Call at $10.28?

πŸ‚ 33% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON ZVRA 🐻 67% BEARISH CONVICTION
1. Pick Your Side on ZVRA:
πŸ’‘ Tip: Back up your call with a price target or RQD metric to get upvoted to the top.
RO RoarDesk_Moderator Roarable Research Desk 🐻 BEARISH 🎯 Target: $9.12 (-12.0%)
πŸ“Œ Pinned Debate

πŸ”₯ Official Bull vs. Bear Debate: Is ZVRA (D- β€’ RQD 37/100) a Buy at $10.36?

Welcome to the ZVRA (Zevra Therapeutics Inc.) Roar Pit. Current RQD Composite is 37/100 (Roarable Sell β€” Vulnerable Balance Sheet & Flow) in Biotechnology: Pharmaceutical Preparations. Bulls point to operating leverage and sector positioning, while bears focus on macro rate sensitivity and margin execution. Pick your side (πŸ‚ Bull or 🐻 Bear) and drop your price target below.

RE RedlineAuditor Forensic Accounting Watch 🐻 BEARISH 🎯 Target: $8.60 (-17.0%)
Spot @ $10.36

Pump the brakes on ZVRA β€” check the valuation vs. margin headwinds

Everyone in here is repeating the bull case on ZVRA, but look at what you are paying: 7.4x trailing P/E with tightening sector spreads. Unless Zevra Therapeutics Inc. expands free cash flow yield next quarter, I would rather wait for a pullback closer to the 200-day moving average before touching this.

MA MacroHawk_NYC Verified K Arena Trader πŸ‚ BULLISH 🎯 Target: $12.43 (+20.0%)
Spot @ $10.36

ZVRA cash flow & RQD setup is being underpriced by the Street here

Looking at the 5-pillar RQD breakdown on ZVRA, the market is fixating on short-term headline noise in Biotechnology: Pharmaceutical Preparations and ignoring the balance sheet and cash flow trajectory. At $10.36 (52-wk range $8.01 - $15.03), any beat on forward guidance forces shorts and underweight funds to chase.

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