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REFRREFRTechnology · Electronic Components

REFR Stock Forecast: Research Frontiers, Inc. Price Predictions for 2026-2027

Last close, 20 Oct 2026
$0.50
−3.37% on the day

Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 24 of 100 as at 20 Oct 2026 — in the weakest quartile.

Market cap
$18.1M
Ticker Nerd rank
24/ 100
Median analyst target
—
Analysts covering
1
Revenue$86K−33.5% y/y
Operating income−$670K
Net income−$660K
Free cash flow−$191K
Quarterly, 8 quarters to 30 June 2026 · latest quarter's figure shown
Total return, dividends reinvested
1W
−14.8%
1M
−22.7%
YTD
−61.6%
1Y
−71.0%
From 52W high
−78.7%
From 52W low
+39.6%
$0.36
$2.36
52-week range, adjusted closes · the dot is the last close
Ticker Nerd rank

REFR stock analysis: one number for the whole business

Consensus tells you what everyone already believes. The model scores Research Frontiers, Inc. on its factor families — the same systematic rank behind the Ticker Nerd portfolio.

Where the model ranks itAs at 20 Oct 2026
24/ 100

Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested

Accruals
90
Size
88
Issuance
81
Revisions
25
Momentum
22
Growth
20
Volatility
17
Quality
13
Value
0

Accruals (90): Reported profit is backed by cash, and the company is not expanding recklessly.

Value (0): The shares cost a lot relative to the profits and assets behind them.

Built and run by Aslam Ghouse, an ex-Goldman Sachs quant trader with fourteen years in markets.

Wall Street

REFR stock forecast 2026-2027: analyst price targets & predictions

The bullish and bearish analyst opinions on REFR, reported as data — targets and ratings, the market's view beside the model's.

Share price and the analyst range, 12 monthsAdjusted close, US dollars
$0.50$1.00$1.50$2.00$2.50Jan 26Apr 26Jul 26Oct 26REFR

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Data provided by Twelve Data

What Wall Street says1 analysts
1 Buy0 Hold0 Sell
Recent analyst actionsNewest first
DateFirmActionRatingTarget
28 Sept 2016WestPark CapitalInitiatesOutperform$6.00

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Market Radar

This page is one stock. Monday covers all of them.

REFR appears in the Radar on the weeks it earns a place.

  • Market Radar, every Monday: the week's biggest rank moves across ~4,600 US stocks, and the reason for each.
  • The AI build-out map, free: every AI company we track, part by part, and one part in full with each verdict.
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Performance

REFR vs the S&P 500

Both lines are total return — dividends reinvested — so the comparison is honest on both sides.

Over the twelve months to 20 Oct 2026, Research Frontiers, Inc. returned −71.0% against +15.8% for the S&P 500, dividends included.

REFR vs S&P 500, last 12 monthsTotal return, rebased to 100
20406080100120140Jan 26Apr 26Jul 26Oct 26REFRS&P 500

Download this chart as an image — free to reuse; link this page as the source.

Data provided by Twelve Data

Estimates

REFR analyst estimate revisions

Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.

Fundamentals

Research Frontiers, Inc. (REFR) financial data

A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.

Valuation
Trailing P/E
−8.7×

Cheaper than 93% of US stocks

Price / sales
27.7×

Cheaper than 7% of US stocks

Price / book
16.3×

Cheaper than 5% of US stocks

EV / EBITDA
−8.0×

Cheaper than 84% of US stocks

Growth & margins
Revenue growth (YoY)
−33.5%

Higher than 8% of US stocks

Earnings growth (YoY)
−33.5%

Higher than 15% of US stocks

Gross margin
—
Operating margin
−775.7%

Higher than 6% of US stocks

Net margin
0.0%

Higher than 30% of US stocks

Returns & dividend
Return on equity
−154.0%

Higher than 9% of US stocks

Return on assets
−50.4%

Higher than 8% of US stocks

Dividend yield
0.0%

Higher than 1% of US dividend payers

Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.

Key statistics

Research Frontiers, Inc. (REFR) statistics: revenue, profit & scale

The headline figures, each with its date. Every row carries its own link — cite it straight from here.

  • Research Frontiers, Inc. has a market value of $18.1M and an enterprise value of $18.2M.

  • Revenue in the twelve months to 30 June 2026: $654K. The latest quarter shrank 33.5% year on year.

  • Net income over the same four quarters: −$2.2M, a −343.9% net margin.

  • Free cash flow in the twelve months to 30 June 2026: −$1.6M.

  • Shares outstanding: 34.9M.

  • Trailing P/E: −8.7×; forward P/E: −8.7× — the forward figure prices analyst consensus estimates, not reported earnings.

  • Forward dividend yield: 0.00%, paying out 0% of earnings.

  • Research Frontiers, Inc. employs 5 people — $131K of revenue per employee.

Statement figures: company filings via Twelve Data, four quarters to 30 June 2026 · market figures as at 20 Oct 2026

Data provided by Twelve Data

Peers

REFR vs competitors

The nearest names by industry and size, scored by the same model — like for like.

Its peer group, ranked by the same modelElectronic Components
CompanyMarket capTKN rank
REFRResearch Frontiers, Inc.$18.1M24
NEONNeonode, Inc.$13.3M15
WETHWetouch Technology, Inc.$12.5M22
DAIOData I/O Corp.$26.8M12
MSAIMultiSensor AI Holdings, Inc.$9.4M18
ELTKEltek Ltd.$44.3M19
DSWLDeswell Industries, Inc.$47.8M32

Look up any of the roughly 4,600 stocks we score.

The rank is the raw material. Whether the rules would actually own Research Frontiers, Inc. — and when they’d sell — is the membership. See the Ticker Nerd 20 →

News

Latest REFR news & analysis

Gauzy's $7 Million Financing Enables Restart of SPD-SmartGlass Production, Fulfillment of Customer Backlog, Introduction of New Products and Expansion of Global Market Opportunities for Research Frontiers

GlobeNewsWire · 19 Oct 2026positive

Research Frontiers said licensee Gauzy Ltd. completed a $7 million equity financing. The headline says the financing enables the restart of SPD-SmartGlass production, backlog fulfillment, new product introductions and expansion of global market opportunities.

Why it matters — Gauzy’s financing and planned production restart may affect the commercialization of Research Frontiers’ SPD-SmartGlass technology.

Research Frontiers Welcomes Gauzy's Court-Approved Restructuring and the Restart of SPD-Smart Light Control Film Production

GlobeNewsWire · 18 Sept 2026positive

Research Frontiers welcomed Gauzy Ltd.'s announcement that its comprehensive debt settlement received final court approval, following approval from creditors representing 98.96% of voting claims, including all of Gauzy's secured lenders. Research Frontiers also noted the restart of SPD-Smart light control film production.

Why it matters — Because Gauzy is a licensee and producer of Research Frontiers' SPD-SmartGlass technology, a successful restructuring and resumed production bode well for the ongoing use and commercial viability of REFR's licensed technology.

Research Frontiers Incorporated (REFR) Q2 2026 Earnings Call Transcript

Seeking Alpha · 7 Aug 2026neutral

Research Frontiers Incorporated (REFR) released the transcript of its Q2 2026 earnings call, as published by Seeking Alpha. The transcript covers the company's second-quarter 2026 financial results and management discussion.

Why it matters — A REFR watcher would use the earnings call transcript to review management's commentary and results for the company's latest fiscal quarter.

RESEARCH FRONTIERS TO HOST SECOND QUARTER 2026 CONFERENCE CALL

GlobeNewsWire · 3 Aug 2026neutral

Research Frontiers Inc. announced it will release its second quarter 2026 financial results on August 6, 2026, and will host a conference call at 4:30 p.m. Eastern Time that day to discuss its financial and operating results and recent developments.

Why it matters — The conference call and financial results release will provide shareholders and analysts with an update on the company's second-quarter performance and recent business developments.

FAQ

Frequently asked questions about REFR stock

Is REFR stock a buy right now?

Of the 1 analysts covering Research Frontiers, Inc., 1 rate it a Buy, 0 a Hold and 0 a Sell. Ticker Nerd's systematic factor model ranks Research Frontiers, Inc. 24 out of 100 across roughly 4,600 US stocks as at 20 Oct 2026. None of this is personal advice — it does not consider your circumstances.

How does Ticker Nerd's model rank REFR?

As at 20 Oct 2026, Research Frontiers, Inc. ranks 24 out of 100 on Ticker Nerd's systematic factor model — a percentile across roughly 4,600 US stocks, built from its factor families. Its strongest factor family is Accruals (90 of 100).

What is the REFR stock forecast for 2030?

No analyst covering Research Frontiers, Inc. publishes a 2030 price target — Wall Street targets run 12 to 18 months out. Sites quoting a 2030 price for REFR are extrapolating price history, which says nothing about the business.

How has REFR stock performed over the past year?

Research Frontiers, Inc. returned -71.0% over the 12 months to 20 Oct 2026, with dividends reinvested. Past performance does not indicate future returns.

What does Research Frontiers, Inc. do?

Research Frontiers Incorporated is a technology licensing company focused on light-control solutions for glass and transparent surfaces. Research Frontiers Incorporated develops and licenses its patented SPD-Smart suspended particle device technology, which enables electronic control of light transmission in products such as smart windows, skylights, sunroofs, and other glazing applications.

What is the latest news on REFR?

The most recent item we track (GlobeNewsWire, 19 Oct 2026): "Gauzy's $7 Million Financing Enables Restart of SPD-SmartGlass Production, Fulfillment of Customer Backlog, Introduction of New Products and Expansion of Global Market Opportunities for Research Frontiers". Research Frontiers said licensee Gauzy Ltd. completed a $7 million equity financing. The headline says the financing enables the restart of SPD-SmartGlass production, backlog fulfillment, new product introductions and expansion of global market opportunities.

Company

About Research Frontiers, Inc.

Research Frontiers Incorporated is a technology licensing company focused on light-control solutions for glass and transparent surfaces. Research Frontiers Incorporated develops and licenses its patented SPD-Smart suspended particle device technology, which enables electronic control of light transmission in products such as smart windows, skylights, sunroofs, and other glazing applications. Its technology is used across automotive, aerospace, architectural, marine, rail, recreational vehicle, and specialty vehicle markets, where adjustable shading and glare reduction are important. The company works through a network of licensees that manufacture light-control films, panels, related electronics, and finished end-products incorporating the SPD platform. Based in Woodbury, New York, Research Frontiers Incorporated operates as a single-business-segment company centered on the commercialization of advanced light-management materials for commercial and consumer applications.

CEO Mr. Joseph M. Harary J.D. · 5 employees · United States · https://www.smartglass.com