Nyxoah (NYXH) stock is currently trading at $8.71, reflecting an 8.3% pre-market decline. Bears argue that the company’s consistent revenue misses (e.g., Q2 2024 revenue down 56.88% from estimates) and limited earnings surprises signal weak operational performance. Additionally, despite a strong buy consensus with a $16.03 target, the stock's near-term outlook remains uncertain due to its inability to meet growth expectations.