BiomX Inc. (NYSE:PHGE) shares are trending on Thursday.
Shares of the Israel-based physical-threat detection company climbed 25.24% to $0.35 after the bell Wednesday after BiomX announced that its subsidiary signed a non-binding letter of intent to acquire 60% of Tsoock Defense Technologies Ltd. for $10.4 million.
Tsoock Defense is an Israeli security-systems integrator with about 20 years of operating experience.
According to BiomX, terms include a $300,000 initial payment, with the balance due in quarterly installments, plus an option for BiomX to buy the remaining 40% for $9.2 million within 36 months.
Revenue Growth Backs the Deal
Citing Tsoock’s financial statements, BiomX stated that the company generated approximately NIS 13.1 million ($4.31 million) in revenue in 2025, marking a 70% increase compared with the previous year.
Tsoock also moved from a prior-year loss to a net profit of about NIS 625,000 ($206,250).
Addressing the deal, Michael Oster, CEO of BiomX, said, “This proposed acquisition would reflect another step in BiomX’s transition from strategic portfolio building into operational execution.”
The acquisition announcement comes after BiomX announced on Monday that its subsidiary Zorronet had started installing AI and ML-powered detection and command-and-control systems on parts of the Israel Railways network. The installations are being carried out under a framework supply agreement focused on protecting wildlife and infrastructure.
Trading Metrics, Technical Analysis
BiomX has a market capitalization of $3.26 million, a 52-week high of $14.71 and a 52-week low of $0.24. It recorded a trading volume of 41.50 million shares on Wednesday, compared with an average daily volume of 4.75 million shares, reflecting significantly higher-than-usual trading activity.
The Relative Strength Index (RSI) of PHGE stands at 28.60.
The small cap stock has dropped 96.54% over the past 12 months.
Currently, PHGE is trading close to its 52-week low.
The stock’s sharp decline and weak positioning indicate continued pressure, highlighting elevated risk and the need for clearer signs of recovery before investor confidence can return.
Price Action: According to Benzinga Pro data, the stock closed the regular session at $0.28, down 8.37%.
Benzinga’s Edge Stock Rankings indicates PHGE stock has a negative price trend across all time frames.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy: Cherdchai101 on Shutterstock.com
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