according to Cytokinetics’ company presentation (https://ir.cytokinetics.com/static-files/4cceea55-524c-48d3-ac88-15ae6eb782e0), it burns a lot of cash (like 148 m in 2023), and has 896 m cash in hand and 545 debt + 130m lease to pay, how long can its cash last ? What if the upcoming Feb.28 FDA decision is negative ?
Cytokinetics( CYTK) fell -8% last night , vindicating our previous analysis !
Cytokinetics may be a great company in the future, but for the short term like weeks to months, its share prices are going down sooner or later.
according to Cytokinetics’ company presentation (https://ir.cytokinetics.com/static-files/4cceea55-524c-48d3-ac88-15ae6eb782e0), it burns a lot of cash (like 148 m in 2023), and has 896 m cash in hand and 545 debt + 130m lease to pay, how long can its cash last ? What if the upcoming Feb.28 FDA decision is negative ?
It is too risky to own this stock right now.