Enhanced Stock Plunges 40%, Erasing Nearly $800 Million After Inaugural Games Disappoint
Updated
Updated · SwimSwam · May 26
Enhanced Stock Plunges 40%, Erasing Nearly $800 Million After Inaugural Games Disappoint
3 articles · Updated · SwimSwam · May 26
Enhanced shares sank more than 40% at Tuesday’s NYSE open, dropping to about $3.19 and wiping out nearly $800 million in market value within minutes.
Only 1 world record was set across the six-hour inaugural Enhanced Games, and non-Enhanced athletes won 3 events against competitors using banned substances, undercutting the event’s pitch for "the Protocol."
The company now trades far below its 52-week high of $14, with investors appearing unconvinced that the spectacle proved claims around performance, health and longevity.
Seeking Alpha consensus estimates put fiscal 2026 revenue at $50 million to $57 million with a net loss, even as forecasts call for revenue to roughly triple in 2027.
The selloff came against a rising broader market, lifted by reports of a possible U.S.-Iran deal, lower oil prices and gains in chipmakers.
With its stock down 40% after one event, is the dream of a superhuman Olympics already over?
Why did athletes on performance-enhancing drugs lose to their 'natural' competitors at the inaugural Enhanced Games?