Nkarta (NASDAQ:NKTX) Is In A Good Position To Deliver On Growth Plans [Yahoo! Finance]
Nkarta, Inc. (NKTX)
Company Research
Source: Yahoo! Finance
money for years before finding success with a new treatment or mineral discovery. But while the successes are well known, investors should not ignore the very many unprofitable companies that simply burn through all their cash and collapse. 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 article, we define cash burn as its annual (negative) free cash flow, which is the amount of money a company spends each year to fund its growth. First, we'll determine its cash runway by comparing its cash burn with its cash reserves. Check out our latest analysis for Nkarta 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. In March 2024, Nkarta had US$450m in cash, and was debt-free. Importantly, its cash burn was US$114m over the trailing twelve months. So it had a cash runway of about 3.9 years
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NKTX
News
- Nkarta to Participate in Upcoming Investor ConferenceGlobeNewswire
- Nkarta, Inc. (NASDAQ: NKTX) had its price target lowered by analysts at HC Wainwright from $23.00 to $22.00. They now have a "buy" rating on the stock.MarketBeat
- Why Nkarta Stock Is Soaring Today [Yahoo! Finance]Yahoo! Finance
- Nkarta, Inc. (NASDAQ: NKTX) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $13.00 price target on the stock.MarketBeat
- Nkarta, Inc. (NASDAQ: NKTX) was upgraded by analysts at Raymond James from an "outperform" rating to a "strong-buy" rating. They now have a $16.00 price target on the stock.MarketBeat
NKTX
Earnings
- 8/13/24 - Beat
NKTX
Sec Filings
- 8/23/24 - Form 4
- 8/16/24 - Form 8-K/A
- 8/13/24 - Form 10-Q
- NKTX's page on the SEC website