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HCMHUTCHMED (China) LimitedBuy Wait4.4·$11.01+0.46%
Buy WaitModerate Confidence
Investment thesis

A specialty pharmaceutical developer with reported margins of 83% and a return on equity of 45% is undermined by 16% revenue contraction, a Piotroski F-Score of just 1 out of 9, a hard-blocked technical downtrend, and a forward P/E that implies a near-complete collapse in near-term earnings — making this a situation where patience is warranted until the fundamental and technical picture improves materially, despite a large stated upside to analyst consensus.

Thesis pillars

  • Revenue Contracting 16pctStable
  • Quality Below Floor Piotroski 1 Of 9Stable
  • Confirmed Downtrend Hard Technical BlockStable
  • +1 more pillar — see the Why tab for full reasoning

Full reasoning →

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HUTCHMED (China) Limited (HCM) Stock Analysis

Inst Constrain edge

Buy WaitVALUE-TRAP 1/5QualityShortModerate Confidence

Healthcare · Drug Manufacturers - Specialty & Generic

Earnings in 3 days (2026-07-30). Expect elevated volatility around the report — consider waiting for post-earnings price action before new entries.

Wait for pullback to $10.69. Weak momentum; also below 200-day MA (death cross) — blocks BUY_NOW at $11.01. Engine's entry $10.69 (1 ATR pullback) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risk: Earnings expected to decline ~86% (cyclical peak).

HUTCHMED (China) Limited, together with its subsidiaries, discovers, develops, and commercializes targeted therapeutics and immunotherapies to treat cancer and immunological diseases in Hong Kong, the United States, and internationally. It provides Fruquintinib, a selective and... Read more

QualityF-score2 / 9FCF yield-2.85%
Entry $10.69(1 ATR pullback)Stop $10.05Target $19.56(analyst − 13%)A.R:R 8.3:1
Analyst target$22.48+104.2%14 analysts
$19.56our TP
$11.01price
$22.48mean
$40

Wait for pullback to $10.69. Weak momentum; also below 200-day MA (death cross) — blocks BUY_NOW at $11.01. Engine's entry $10.69 (1 ATR pullback) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risk: Earnings expected to decline ~86% (cyclical peak). Chart setup: No clear chart pattern; technical signals are mixed. Earnings in 3 days. Wait until post-earnings. Score 4.4/10, moderate confidence.

Passes 5/8 gates (favorable risk/reward ratio, clean insider activity, no SEC red flags, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and death cross (50MA < 200MA) and earnings proximity 3d<=7d. Suitability: speculative.

news + 30-day 8-K events · 5-min refresh

Recent developments

updated 2026-07-26
TrendMatrix Research · upcoming catalyst calendar

Upcoming dated catalysts

Thu, Jul 30, 20263d to earnings· next earnings call

Thesis

Rewards
No bull case signals
Risks
Earnings expected to decline ~86% (cyclical peak)

Key Metrics

P/E (TTM)4.2
P/E (Fwd)30.3
Mkt Cap$1.9B
EV/EBITDA-24.6
Profit Mgn83.3%
ROE45.3%
Rev Growth-16.5%
Beta0.43
DividendNone
Rating analysts26

Quality Signals

Piotroski F2/9MoatNarrow

Options Flow

P/C3.00bearish
IV197%elevated

Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.

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Methodology · Editorial policy & full disclaimer

Rating Breakdown

3 floor-breakers

Revenue shrinking — -16.5% YoY. Growth thesis broken unless recovery story develops.static

Revenue Growth
0.0
Earnings Growth
0.0
Declining revenue: -16%

Price action weak — below key moving averages, no momentum carry. Needs a base before trend-continuation setups apply.static

Obv
1.0
Ma Position
1.0
Volume
2.7
Rsi
3.5
Macd
6.3
Volume distribution (falling OBV)Below 200-MA, MA slope -5.4%/30d — confirmed downtrend

Technicals below the gate floor. Component breakdown shows what dragged the score down.static

52w Position
1.3
Support Resistance
4.4
Bollinger
5.6
GatesMomentum 2.9<4.5Death cross (50MA < 200MA)EARNINGS PROXIMITY 3d<=7dA.R:R 8.3 ≥ 1.5Insider activity: OKNo SEC red flagsSEMI CYCLE PEAK CLEARMATERIALS CYCLE PEAK CLEARSuitability: Speculative
RSI
39 · Neutral
20D MA 50D MA 200D MADEATH CROSSSupport $9.98Resistance $11.81

Price Targets

$10
$11
$20
A.Upside+77.6%
A.R:R8.3:1

Position Sizing

ConvictionNone
Suggested %0.5%
Max %1%
RegimeSteady

Risk Alerts

! Cyclical trap - fwd PE 30x vs trail 4x (7.3x)
! Earnings in 3 days - binary event risk
! momentum at 2.9 (below the engine's 4.5 threshold)

Earnings

B
B
B
M
3/4 beats
Next Earnings2026-07-30 (3d)

Verdict History

reverse chrono — latest first
Loading history...
Verdicts are recorded on every nightly pipeline run. Rows capture transitions (verdict flips, score deltas ≥0.3, entry/TP/SL changes). Rows with a ▶ can be expanded to see the change reason. Aggregate cohort performance is tracked in the recommendation ledger.
Frequently Asked Questions
Is HCM stock a buy right now?

Wait for pullback to $10.69. Weak momentum; also below 200-day MA (death cross) — blocks BUY_NOW at $11.01. Engine's entry $10.69 (1 ATR pullback) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risk: Earnings expected to decline ~86% (cyclical peak). Chart setup: No clear chart pattern; technical signals are mixed. Earnings in 3 days. Wait until post-earnings. Target $19.56 (+77.7%), stop $10.05 (−9.6%), A.R:R 8.3:1. Score 4.4/10, moderate confidence.

What is the HCM stock price target?

Take-profit target: $19.56 (+77.6% upside). Target $19.56 (+77.7%), stop $10.05 (−9.6%), A.R:R 8.3:1. Stop-loss: $10.05.

What are the risks of investing in HCM?

Earnings expected to decline ~86% (cyclical peak).

Is HCM overvalued or undervalued?

HUTCHMED (China) Limited trades at a P/E of 4.2 (forward 30.3). TrendMatrix value score: 7.5/10. Verdict: Buy (Wait for Entry).

What do analysts say about HCM?

26 analysts cover HCM with a consensus score of 4.3/5. Average price target: $22.

What does HUTCHMED (China) Limited do?HUTCHMED (China) Limited, together with its subsidiaries, discovers, develops, and commercializes targeted therapeutics...

HUTCHMED (China) Limited, together with its subsidiaries, discovers, develops, and commercializes targeted therapeutics and immunotherapies to treat cancer and immunological diseases in Hong Kong, the United States, and internationally. It provides Fruquintinib, a selective and potent oral inhibitor of vascular endothelial growth factor receptors for treatment of colorectal cancer (CRC), breast cancer, gastric cancer (GC), microsatellite stable-CRC endometrial cancer (EMC), non-small cell lung cancer (NSCLC), renal cell carcinoma (RCC), endometrial cancer (EMC); and Savolitinib, a potent and selective inhibitor of mesenchymal-epithelial transition receptor to treat NSCLC, papillary RCC, and GC. It also develops Surufatinib to treat pancreatic neuroendocrine tumor (NET), non pancreatic NET, and pancreatic ductal adenocarcinoma; Sovleplenib, to treat immune thrombocytopenic purpura and warm autoimmune hemolytic anemia; and Tazemetostat, a treatment for epithelioid sarcoma and follicular lymphoma; Fanregratinib that treats intrahepatic cholangiocarcinoma; and Ranosidenib, a novel dual-inhibitor of dehydrogenase-1 and isocitrate dehydrogenase-2 enzymes to treat acute myeloid leukemia (AML). In addition, the company is developing HMPL-760, which is in phase I and II clinical trial to treat relapsed and/or refractory diffuse large B cell lymphoma, chronic lymphocytic leukemia, small lymphocytic lymphoma, and other B-NHL; HMPL-506 to treat Mixed-lineage leukemia-rearrange/rearrangement and nucleophosmin 1-mutantAML. It has collaboration agreements with AstraZeneca AB (publ), Lilly (Shanghai) Management Company Limited, Takeda, Inmagene Biopharmaceuticals Co. Ltd., Innovent Biologics Co., Inc., and Epizyme, Inc., and Epizyme, Inc. The company was formerly known as Hutchison China MediTech Limited and changed its name to HUTCHMED (China) Limited in May 2021. HUTCHMED (China) Limited was incorporated in 2000 and is headquartered in Hong Kong, Hong Kong.

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