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The price of Edgewise Therapeutics Inc (NASDAQ: EWTX) closed at $15.89 in the last session, down -2.22% from day before closing price of $16.25. In other words, the price has decreased by -$2.22 from its previous closing price. On the day, 0.92 million shares were traded. EWTX stock price reached its highest trading level at $16.06 during the session, while it also had its lowest trading level at $15.02.
Ratios:
We take a closer look at EWTX’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 37.08 and its Current Ratio is at 37.08. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on May 02 ’24 when Donovan Joanne M. sold 3,682 shares for $18.91 per share. The transaction valued at 69,627 led to the insider holds 19,897 shares of the business.
KOCH KEVIN sold 3,152 shares of EWTX for $59,604 on May 02 ’24. The President and CEO now owns 14,478 shares after completing the transaction at $18.91 per share. On May 02 ’24, another insider, Carruthers R Michael, who serves as the Chief Financial Officer of the company, sold 2,157 shares for $18.91 each. As a result, the insider received 40,789 and left with 35,230 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 1484292864 and an Enterprise Value of 956596416.
Stock Price History:
Over the past 52 weeks, EWTX has reached a high of $23.50, while it has fallen to a 52-week low of $5.12. The 50-Day Moving Average of the stock is -14.91%, while the 200-Day Moving Average is calculated to be 8.83%.
Shares Statistics:
According to the various share statistics, EWTX traded on average about 830.63K shares per day over the past 3-months and 1073130 shares per day over the past 10 days. A total of 70.45M shares are outstanding, with a floating share count of 59.29M. Insiders hold about 36.52% of the company’s shares, while institutions hold 69.23% stake in the company. Shares short for EWTX as of 1721001600 were 8578830 with a Short Ratio of 10.33, compared to 1718323200 on 7618578. Therefore, it implies a Short% of Shares Outstanding of 8578830 and a Short% of Float of 13.51.
