Pulmatrix (PULM) faces bearish sentiment due to its weak financial performance, including a Q2 2024 EPS of -$1.59 and revenue of only $1.55M, reflecting poor profitability and growth potential. The recent $95M mixed shelf offering signals potential dilution, further pressuring the stock price. Additionally, operational restructuring, such as the lease transfer to MannKind, suggests financial strain rather than growth, making the stock unattractive for now.