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After finishing at $35.20 in the prior trading day, Edgewise Therapeutics Inc (NASDAQ: EWTX) closed at $33.26, down -5.51%. In other words, the price has decreased by -$5.51 from its previous closing price. On the day, 0.68 million shares were traded. EWTX stock price reached its highest trading level at $35.72 during the session, while it also had its lowest trading level at $33.01.
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, Piper Sandler on March 07, 2024, initiated with a Overweight rating and assigned the stock a target price of $48.
Goldman Downgraded its Neutral to Sell on August 25, 2022, while the target price for the stock was maintained at $5.
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 Sep 20 ’24 when Russell Alan J sold 75,000 shares for $28.27 per share. The transaction valued at 2,120,101 led to the insider holds 12,719 shares of the business.
MOORE JOHN R sold 50,000 shares of EWTX for $1,418,510 on Sep 20 ’24. The General Counsel now owns 3,252 shares after completing the transaction at $28.37 per share. On Sep 23 ’24, another insider, MOORE JOHN R, who serves as the General Counsel of the company, sold 20,922 shares for $27.63 each. As a result, the insider received 578,064 and left with 3,252 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 3149339136 and an Enterprise Value of 2661244160.
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 $5.34. The 50-Day Moving Average of the stock is 14.97%, while the 200-Day Moving Average is calculated to be 60.40%.
Shares Statistics:
The stock has traded on average 1.17M shares per day over the past 3-months and 773810 shares per day over the last 10 days, according to various share statistics. A total of 70.45M shares are outstanding, with a floating share count of 59.79M. Insiders hold about 36.86% of the company’s shares, while institutions hold 69.25% stake in the company. Shares short for EWTX as of 1730332800 were 7289836 with a Short Ratio of 6.24, compared to 1727654400 on 9335898. Therefore, it implies a Short% of Shares Outstanding of 7289836 and a Short% of Float of 11.26.
