We're Interested To See How Beam Therapeutics (NASDAQ:BEAM) Uses Its Cash Hoard To Grow [Yahoo! Finance]
Beam Therapeutics Inc. (BEAM)
US:NYSE Investor Relations:
beamsuntory.com/about/shareholder-information/reports
Company Research
Source: Yahoo! Finance
after listing, if you had bought and held the shares since 1999, you would have made a fortune. But while history lauds those rare successes, those that fail are often forgotten; who remembers Pets.com? So, the natural question for Beam Therapeutics NASDAQ:BEAM ) shareholders is whether they should be concerned by its rate of cash burn. For the purpose of this article, we'll define cash burn as the amount of cash the company is spending each year to fund its growth (also called its negative free cash flow). First, we'll determine its cash runway by comparing its cash burn with its cash reserves. Check out our latest analysis for Beam Therapeutics 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, Beam Therapeutics had US$1.0b in cash, and was debt-free. In the last year, its cash burn was US$153m. So it had a cash runway of about 6.6 years from June 2024. While this is only one measure of its
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BEAM
News
- Beam Therapeutics to Participate in 2024 Jefferies London Healthcare Conference [Yahoo! Finance]Yahoo! Finance
- Beam Therapeutics to Participate in 2024 Jefferies London Healthcare ConferenceGlobeNewswire
- Beam Therapeutics: Additional BEAM-101 And ESCAPE Tech Data At ASH 2024 Makes This A Watch [Seeking Alpha]Seeking Alpha
- Beam Therapeutics Inc. (NASDAQ: BEAM) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $80.00 price target on the stock.MarketBeat
- Beam Therapeutics upgraded to Outperform from Market Perform at Leerink [Yahoo! Finance]Yahoo! Finance
BEAM
Earnings
- 11/5/24 - Miss
BEAM
Sec Filings
- 11/12/24 - Form SC
- 11/8/24 - Form 4
- 11/8/24 - Form SC
- BEAM's page on the SEC website