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
- Companies Like Nkarta (NASDAQ:NKTX) Are In A Position To Invest In Growth [Yahoo! Finance]Yahoo! Finance
- Nkarta, Inc. (NASDAQ: NKTX) was upgraded by analysts at RODMAN&RENSHAW to a "strong-buy" rating.MarketBeat
- Nkarta, Inc. (NASDAQ: NKTX) was upgraded by analysts at RODMAN&RENSHAW to a "strong-buy" rating.MarketBeat
- Top 3 Health Care Stocks Which Could Rescue Your Portfolio This Month [Yahoo! Finance]Yahoo! Finance
- Nkarta, Inc. (NASDAQ: NKTX) is now covered by analysts at Rodman & Renshaw. They set a "buy" rating and a $14.00 price target on the stock.MarketBeat
NKTX
Earnings
- 8/13/24 - Beat
NKTX
Sec Filings
- 10/25/24 - Form SC
- 10/24/24 - Form SC
- 8/23/24 - Form 4
- NKTX's page on the SEC website