Anika Therapeutics Inc (ANIK) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Anika Therapeutics Inc stock $9.37, price $14.55, that is 35.6% below the price, quality 58 out of 100. Rating: strongly overvalued. Calculated from audited financials with 7 of our 26 valuation models and 37 quality factors, updated daily.
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Anika Therapeutics Inc
ANIK · USOur calculation puts a fair price 36% below what the stock costs today.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range $8.10 – $45.03 · fair‑value band $7.79 – $11.57 · the $14.55 price screens above the $9.37 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Company profile
Anika Therapeutics, Inc., a joint preservation company, focuses on early intervention orthopedics in the United States, Europe, and internationally.
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The company offers osteoarthritis (OA) pain management products and services, such as Monovisc and Orthovisc, which are single- and multi-injection, HA viscosupplement products indicated for pain relief from OA conditions, as well as Cingal, a non-opioid, single-injection OA pain management product; regenerative solutions, including an HA-based scaffold with bone and tendon fixation components and arthroscopic delivery instruments; Hyalofast, a resorbable scaffold used for single stage cartilage regeneration; and Tactoset injectable bone substitute, an HA-enhanced injectable bone repair therapy designed to treat insufficiency fractures and augment hardware fixation.
It also provides Integrity, an HA-based scaffold with bone and tendon fixation components and arthroscopic delivery instruments; non-orthopedic products, including Hyvisc, a high molecular weight injectable HA veterinary product for the treatment of joint dysfunction in horses due to non-infectious synovitis associated with equine OA; Hyalobarrier, an anti-adhesion barrier indicated for use after abdominal-pelvic surgeries; and ophthalmic products; and Anikavisc and Nuvisc high molecular weight HA products.
The company was founded in 1983 and is headquartered in Bedford, Massachusetts.
Stock analysis
Anika Therapeutics Inc (ANIK) currently trades at $14.55, while our model-based Fair Value estimate is $9.37, 36% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of $9.69 per share, and 0 of the 7 models we run sit above the $14.55 price.
Bear case: the Asset-Based group reads lowest at $4.23, and 7 of the 7 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $7.79 (bear) to $11.57 (bull), the price of $14.55 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 58/100 (solid quality), in the Healthcare sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Anika Therapeutics Inc reported revenue of $113M in FY2025 versus $148M in FY2021, a compound −6.5%/yr. Reported net income was −$10.9M in FY2025.
Key figures
Market cap $195M Micro · P/S ratio 1.61 · EPS (TTM) $−0.2300 · Net margin −3.1% · Return on equity −2.2% · Return on assets (EBIT) −2.6% (5-year average) · Operating margin 11.4% · Revenue (TTM) $121M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 21 out of 100 (medium confidence).
What moves the price
The share trades about 34% below its 52-week high and 59% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Healthcare peers we cover trades at −27% fair-value upside, at −36%, ANIK screens richer than that median.
Fair Value models
All 7 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Insider trades
In the last 6 months, one officer or director bought shares worth $41,070, on Aug 4, 2026.
- BuyGary P FischettiDirector2,000 shares at $20.54$41,070Aug 4, 2026
- BuyJohn B Henneman IIIDirector5,000 shares at $14.66$73,300May 1, 2026
- BuyStephen D. GriffinPresident and CEO, Director12,200 shares at $12.29$149,938Apr 30, 2026
Plus 6 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Source: SEC Form 4, as of Nov 6, 2026. All filings at the SEC ↗
Revenue & earnings trend
Growth Forecast
ANIK screens overvalued: fair value 36% below the price. Compare with Merck KGaA →
Compare Anika Therapeutics Inc with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Drug Manufacturers - Specialty & Generic · 549 stocks
Valuation Multiplesvs Drug Manufacturers - Specialty & Generic median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Health Care sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- EBIT margin by industry
- P/S ratio by industry
- Stock screener with 62 metrics
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Drug Manufacturers - Specialty & Generic stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Zoetis Inc ZTS | $79.40 | $111.63 | +41% | vs ANIK |
| Jiangsu Hengrui Pharmaceuticals Co 600276 | ¥50.43 | ¥55.21 | +9% | vs ANIK |
| Sun Pharmaceutical Industries Limited SUNPHARMA | ₹1,860 | ₹1,947 | +5% | vs ANIK |
| Haleon plc HLN | $9.14 | $8.61 | −6% | vs ANIK |
| Merck KGaA MRK | €148.75 | €109.18 | −27% | vs ANIK |
| Galderma Group GALD | CHF 191.75 | CHF 109.86 | −43% | vs ANIK |
| Takeda Pharmaceutical Company TAK | $21.02 | $11.31 | −46% | vs ANIK |
| Teva Pharmaceutical Industries Limited TEVA | $42.61 | $20.74 | −51% | vs ANIK |
| Sandoz Group SDZ | CHF 83.78 | CHF 39.70 | −53% | vs ANIK |
| Divi's Laboratories Limited DIVISLAB | ₹10,321 | ₹1,567 | −85% | vs ANIK |
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