Companies Like Nkarta (NASDAQ:NKTX) Are In A Position To Invest In Growth [Yahoo! Finance]
Nkarta, Inc. (NKTX)
Company Research
Source: Yahoo! Finance
Given this risk, we thought we'd take a look at whether Nkarta NASDAQ:NKTX ) shareholders should be worried about its cash burn. In this report, we will consider the company's annual negative free cash flow, henceforth referring to it as the 'cash burn'. The first step is to compare its cash burn with its cash reserves, to give us its 'cash runway'. How Long Is Nkarta's 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. When Nkarta last reported its June 2024 balance sheet in August 2024, it had zero debt and cash worth US$325m. In the last year, its cash burn was US$110m. So it had a cash runway of about 3.0 years from June 2024. Arguably, that's a prudent and sensible length of runway to have. The image below shows how its cash balance has been changing over the last few years. How Is Nkarta's Cash Burn Changing Over Time? Nkarta didn't record any revenue over the last year, indicating th
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NKTX
News
- Nkarta, Inc. (NASDAQ: NKTX) had its price target lowered by analysts at Mizuho from $20.00 to $16.00. They now have an "outperform" rating on the stock.MarketBeat
- Nkarta to Participate in an Upcoming Investor ConferenceGlobeNewswire
- Nkarta, Inc. (NASDAQ: NKTX) had its price target lowered by analysts at HC Wainwright from $22.00 to $18.00. They now have a "buy" rating on the stock.MarketBeat
- Nkarta, Inc. (NASDAQ: NKTX) had its price target lowered by analysts at Needham & Company LLC from $13.00 to $11.00. They now have a "buy" rating on the stock.MarketBeat
- Nkarta Reports Third Quarter 2024 Financial Results and Corporate HighlightsGlobeNewswire
NKTX
Earnings
- 8/13/24 - Beat
NKTX
Sec Filings
- 11/14/24 - Form SC
- 11/14/24 - Form SC
- 11/12/24 - Form SC
- NKTX's page on the SEC website