Will Ovid Therapeutics (NASDAQ:OVID) Spend Its Cash Wisely? [Yahoo! Finance]
Ovid Therapeutics Inc. (OVID)
Last ovid therapeutics inc. earnings: 3/11 08:00 am
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US:NASDAQ Investor Relations:
investors.ovidrx.com
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Source: Yahoo! Finance
Given this risk, we thought we'd take a look at whether Ovid Therapeutics NASDAQ:OVID ) 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. Let's start with an examination of the business' cash, relative to its cash burn. Does Ovid Therapeutics Have A Long 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. In June 2024, Ovid Therapeutics had US$77m in cash, and was debt-free. Looking at the last year, the company burnt through US$53m. So it had a cash runway of approximately 17 months from June 2024. While that cash runway isn't too concerning, sensible holders would be peering into the distance, and considering what happens if the company runs out of cash. You can see how its cash balance has changed over time in the image
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OVID
News
- Ovid Therapeutics Inc. (NASDAQ: OVID) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $3.00 price target on the stock.MarketBeat
- Angelman Syndrome (AS) Market Assessment 2024: US and EU5 Epidemiology, Treatment Landscape, Unmet Needs, Emerging Therapies, and Value & Access [Yahoo! Finance]Yahoo! Finance
- Ovid Therapeutics Presents Pre-Clinical Study Results Demonstrating OV329 Does Not Accumulate in Animal Eyes in Contrast with VigabatrinGlobeNewswire
- Meg Alexander Takes on Expanded Role as President and COO at Ovid Therapeutics, Strengthening Leadership for Future GrowthGlobeNewswire
- Ovid Therapeutics Inc. (NASDAQ: OVID) was upgraded by analysts at William Blair to a "strong-buy" rating.MarketBeat
OVID
Earnings
- 8/13/24 - Beat
OVID
Sec Filings
- 9/11/24 - Form 4
- 9/11/24 - Form 3
- 9/11/24 - Form 8-K
- OVID's page on the SEC website