Companies Like Astria Therapeutics (NASDAQ:ATXS) Are In A Position To Invest In Growth [Yahoo! Finance]
Astria Therapeutics, Inc. (ATXS)
Company Research
Source: Yahoo! Finance
Astria Therapeutics NASDAQ:ATXS ) shareholders have done very well over the last year, with the share price soaring by 126%. But the harsh reality is that very many loss making companies burn through all their cash and go bankrupt. Given its strong share price performance, we think it's worthwhile for Astria Therapeutics shareholders to consider whether its cash burn is concerning. For the purposes of this article, cash burn is the annual rate at which an unprofitable company spends cash to fund its growth; its negative free cash flow. Let's start with an examination of the business' cash, relative to its cash burn. Does Astria Therapeutics Have A Long Cash Runway? A company's cash runway is the amount of time it would take to burn through its cash reserves at its current cash burn rate. In June 2024, Astria Therapeutics had US$355m in cash, and was debt-free. Importantly, its cash burn was US$81m over the trailing twelve months. So it had a cash runway of about 4.4 years from
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ATXS
News
- Astria Therapeutics, Inc. (NASDAQ: ATXS) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $16.00 price target on the stock.MarketBeat
- Astria Therapeutics, Inc. (NASDAQ: ATXS) had its price target raised by analysts at Oppenheimer Holdings Inc. from $26.00 to $28.00. They now have an "outperform" rating on the stock.MarketBeat
- Astria Therapeutics Reports Third Quarter 2024 Financial Results and Provides a Corporate Update [Yahoo! Finance]Yahoo! Finance
- Astria Therapeutics Reports Third Quarter 2024 Financial Results and Provides a Corporate UpdateBusiness Wire
- Astria Therapeutics to Present at Upcoming Jefferies London Healthcare ConferenceBusiness Wire
ATXS
Earnings
- 11/13/24 - In-Line
ATXS
Sec Filings
- 11/14/24 - Form SC
- 11/14/24 - Form SC
- 11/14/24 - Form SC
- ATXS's page on the SEC website