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Knight Therapeutics ( (TSE:GUD) ) has shared an announcement.
Knight Therapeutics Inc. has successfully closed a US$100 million revolving credit facility, doubling its previous capacity and including an accordion feature for an additional US$100 million. This facility, syndicated with four banks including National Bank of Canada, Citibank, CIBC, and TD, is intended to support the company’s growth strategy, including acquisitions, and provides financial flexibility for corporate purposes. The facility has a maturity date of June 17, 2028, with options for extension, and includes various financial covenants.
The most recent analyst rating on (TSE:GUD) stock is a Hold with a C$6.00 price target. To see the full list of analyst forecasts on Knight Therapeutics stock, see the TSE:GUD Stock Forecast page.
Spark’s Take on TSE:GUD Stock
According to Spark, TipRanks’ AI Analyst, TSE:GUD is a Neutral.
Knight Therapeutics faces significant challenges with its high P/E ratio and bearish technical indicators, suggesting potential overvaluation and negative market sentiment. While the company has a strong balance sheet and recent earnings call highlights positive revenue growth and business development, these factors are overshadowed by profitability concerns and cash flow issues.
To see Spark’s full report on TSE:GUD stock, click here.
More about Knight Therapeutics
Knight Therapeutics Inc., based in Montreal, Canada, is a specialty pharmaceutical company that focuses on acquiring or in-licensing and commercializing pharmaceutical products for the Canadian and Latin American markets. The company’s Latin American operations are conducted through its subsidiaries United Medical, Biotoscana Farma, and Laboratorio LKM. Knight Therapeutics Inc.’s shares are publicly traded on the Toronto Stock Exchange under the symbol GUD.
Average Trading Volume: 56,934
Technical Sentiment Signal: Hold
Current Market Cap: C$578.1M
For detailed information about GUD stock, go to TipRanks’ Stock Analysis page.