As of close of business last night, Edgewise Therapeutics Inc’s stock clocked out at $16.88, down -0.47% from its previous closing price of $16.96. In other words, the price has decreased by -$0.08 from its previous closing price. On the day, 678938 shares were traded.
Ratios:
To gain a deeper understanding of EWTX’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 19.50 and its Current Ratio is at 19.50. In the meantime, Its Debt-to-Equity ratio is 0.02 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Feb 09 ’24 when MOORE JOHN R sold 8,029 shares for $20.01 per share. The transaction valued at 160,657 led to the insider holds 0 shares of the business.
Derakhshan Behrad sold 4,800 shares of EWTX for $96,209 on Feb 09 ’24. The Chief Business Officer now owns 7,020 shares after completing the transaction at $20.04 per share. On Feb 08 ’24, another insider, Derakhshan Behrad, who serves as the Chief Business Officer of the company, sold 4,600 shares for $20.01 each. As a result, the insider received 92,049 and left with 7,020 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 1.57B and an Enterprise Value of 1.26B.
Stock Price History:
Over the past 52 weeks, EWTX has reached a high of $20.69, while it has fallen to a 52-week low of $5.12. The 50-Day Moving Average of the stock is 17.53, while the 200-Day Moving Average is calculated to be 9.99.
Shares Statistics:
It appears that EWTX traded 1.03M shares on average per day over the past three months and 549.08k shares per day over the past ten days. A total of 70.45M shares are outstanding, with a floating share count of 62.77M. Insiders hold about 32.59% of the company’s shares, while institutions hold 64.30% stake in the company. Shares short for EWTX as of Mar 15, 2024 were 4.48M with a Short Ratio of 4.37, compared to 5.13M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.82% and a Short% of Float of 8.11%.
Earnings Estimates
As of right now, 5 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.39 for the current quarter, with a high estimate of -$0.28 and a low estimate of -$0.49, while EPS last year was -$0.36. The consensus estimate for the next quarter is -$0.38, with high estimates of -$0.29 and low estimates of -$0.49.
Analysts are recommending an EPS of between -$1.25 and -$2.35 for the fiscal current year, implying an average EPS of -$1.72. EPS for the following year is -$2.05, with 4 analysts recommending between -$1.67 and -$2.5.
