We're Keeping An Eye On Protara Therapeutics' (NASDAQ:TARA) Cash Burn Rate [Yahoo! Finance]
Protara Therapeutics, Inc. (TARA)
Company Research
Source: Yahoo! Finance
lose money for years before finding success with a new treatment or mineral discovery. But the harsh reality is that very many loss making companies burn through all their cash and go bankrupt. So, the natural question for Protara Therapeutics NASDAQ:TARA ) shareholders is whether they should be concerned by its rate of cash burn. In this report, we will consider the company's annual negative free cash flow, henceforth referring to it as the 'cash burn'. We'll start by comparing its cash burn with its cash reserves in order to calculate its cash runway. Check out our latest analysis for Protara Therapeutics How Long Is Protara Therapeutics' Cash Runway? A company's cash runway is calculated by dividing its cash hoard by its cash burn. In September 2023, Protara Therapeutics had US$74m in cash, and was debt-free. Importantly, its cash burn was US$34m over the trailing twelve months. That means it had a cash runway of about 2.2 years as of September 2023. Notably, analysts forec
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TARA
News
- Protara Therapeutics, Inc. (NASDAQ: TARA) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $23.00 price target on the stock.MarketBeat
- Protara Therapeutics Announces First Quarter 2024 Financial Results and Provides Business UpdateGlobeNewswire
- Protara Therapeutics, Inc. (NASDAQ: TARA) had its price target raised by analysts at Oppenheimer Holdings Inc. from $26.00 to $30.00. They now have an "outperform" rating on the stock.MarketBeat
- Here's Why Protara Therapeutics (TARA) Is a Great 'Buy the Bottom' Stock Now [Yahoo! Finance]Yahoo! Finance
- Protara Therapeutics, Inc. (NASDAQ: TARA) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $23.00 price target on the stock.MarketBeat
TARA
Earnings
- 5/2/24 - Beat
TARA
Sec Filings
- 5/2/24 - Form S-3
- 5/2/24 - Form 10-Q
- 5/2/24 - Form 8-K
- TARA's page on the SEC website