Companies Like Editas Medicine (NASDAQ:EDIT) Are In A Position To Invest In Growth [Yahoo! Finance News]
Editas Medicine, Inc. (EDIT)
Last editas medicine, inc. earnings: 2/26 04:02 pm
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Source: Yahoo! Finance News
Companies Like Editas Medicine (NASDAQ:EDIT) Are In A Position To Invest In Growth We can readily understand why investors are attracted to unprofitable companies. For example, biotech and mining exploration companies often lose money for years before finding success with a new treatment or mineral discovery. Nonetheless, only a fool would ignore the risk that a loss making company burns through its cash too quickly. Given this risk, we thought we'd take a look at whether Editas Medicine NASDAQ:EDIT View our latest analysis for Editas Medicine How Long Is Editas Medicine's Cash Runway? A cash runway is defined as the length of time it would take a company to run out of money if it kept spending at its current rate of cash burn. As at June 2019, Editas Medicine had cash of US$318m and no debt. Looking at the last year, the company burnt through US$66m. That means it had a cash runway of about 4.8 years as of June 2019. A runway of this length affords the company the time and space it n
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News
- Editas Medicine, Inc. (NASDAQ: EDIT) had its price target lowered by analysts at Evercore ISI from $7.00 to $5.00. They now have an "outperform" rating on the stock.MarketBeat
- Editas Medicine, Inc. (NASDAQ: EDIT) was downgraded by analysts at JPMorgan Chase & Co. from a "neutral" rating to an "underweight" rating.MarketBeat
- Editas Medicine, Inc. (NASDAQ: EDIT) had its price target lowered by analysts at Royal Bank of Canada from $5.00 to $4.00. They now have a "sector perform" rating on the stock.MarketBeat
- Editas Medicine, Inc. (NASDAQ: EDIT) had its price target lowered by analysts at Barclays PLC from $5.00 to $3.00. They now have an "equal weight" rating on the stock.MarketBeat
- Editas Medicine, Inc. (NASDAQ: EDIT) had its "neutral" rating re-affirmed by analysts at Chardan Capital.MarketBeat
EDIT
Earnings
- 11/4/24 - Beat
EDIT
Sec Filings
- 12/17/24 - Form 8-K
- 12/12/24 - Form 8-K
- 12/10/24 - Form 8-K
- EDIT's page on the SEC website