Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
After finishing at $27.03 in the prior trading day, Edgewise Therapeutics Inc (NASDAQ: EWTX) closed at $27.72, up 2.55%. In other words, the price has increased by $2.55 from its previous closing price. On the day, 0.9 million shares were traded. EWTX stock price reached its highest trading level at $28.26 during the session, while it also had its lowest trading level at $27.04.
Ratios:
Our goal is to gain a better understanding of EWTX by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 26.35 and its Current Ratio is at 26.35. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.01.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Evercore ISI on November 22, 2024, initiated with a Outperform rating and assigned the stock a target price of $45.
On March 07, 2024, Piper Sandler started tracking the stock assigning a Overweight rating and target price of $48.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 30 ’24 when Russell Alan J sold 100,000 shares for $27.37 per share. The transaction valued at 2,737,470 led to the insider holds 14,863 shares of the business.
ALAN J RUSSELL bought 100,000 shares of EWTX for $2,874,000 on Dec 30 ’24. On Dec 24 ’24, another insider, Semigran Marc, who serves as the Chief Development Officer of the company, sold 29,709 shares for $29.69 each. As a result, the insider received 881,915 and left with 6,716 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, EWTX now has a Market Capitalization of 2624764928 and an Enterprise Value of 2136669696.
Stock Price History:
Over the past 52 weeks, EWTX has reached a high of $38.12, while it has fallen to a 52-week low of $9.00. The 50-Day Moving Average of the stock is -13.07%, while the 200-Day Moving Average is calculated to be 20.95%.
Shares Statistics:
The stock has traded on average 838.95K shares per day over the past 3-months and 728090 shares per day over the last 10 days, according to various share statistics. A total of 94.41M shares are outstanding, with a floating share count of 62.40M. Insiders hold about 34.09% of the company’s shares, while institutions hold 74.14% stake in the company. Shares short for EWTX as of 1734048000 were 5642454 with a Short Ratio of 6.73, compared to 1731628800 on 6391944. Therefore, it implies a Short% of Shares Outstanding of 5642454 and a Short% of Float of 8.709999999999999.
