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As of close of business last night, Edgewise Therapeutics Inc’s stock clocked out at $25.92, down -2.15% from its previous closing price of $26.49. In other words, the price has decreased by -$2.15 from its previous closing price. On the day, 0.99 million shares were traded. EWTX stock price reached its highest trading level at $26.725 during the session, while it also had its lowest trading level at $25.132.
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 30.24 and its Current Ratio is at 30.24. 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:
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 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 2430578176 and an Enterprise Value of 1923811712.
Stock Price History:
Over the past 52 weeks, EWTX has reached a high of $30.00, while it has fallen to a 52-week low of $5.12. The 50-Day Moving Average of the stock is 35.41%, while the 200-Day Moving Average is calculated to be 54.53%.
Shares Statistics:
It appears that EWTX traded 1.20M shares on average per day over the past three months and 2754430 shares per day over the past ten days. A total of 70.45M shares are outstanding, with a floating share count of 58.46M. Insiders hold about 37.66% of the company’s shares, while institutions hold 71.54% stake in the company. Shares short for EWTX as of 1724976000 were 7784929 with a Short Ratio of 6.47, compared to 1722384000 on 8081318. Therefore, it implies a Short% of Shares Outstanding of 7784929 and a Short% of Float of 12.189999.
