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The price of Edgewise Therapeutics Inc (NASDAQ: EWTX) closed at $17.93 in the last session, up 0.28% from day before closing price of $17.88. In other words, the price has increased by $0.28 from its previous closing price. On the day, 0.51 million shares were traded. EWTX stock price reached its highest trading level at $18.27 during the session, while it also had its lowest trading level at $17.665.
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 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:
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 MOORE JOHN R sold 1,956 shares for $18.91 per share. The transaction valued at 36,988 led to the insider holds 3,252 shares of the business.
Carruthers R Michael sold 2,157 shares of EWTX for $40,789 on May 02 ’24. The Chief Financial Officer now owns 35,230 shares after completing the transaction at $18.91 per share. On May 02 ’24, another insider, Derakhshan Behrad, who serves as the Chief Business Officer of the company, sold 1,718 shares for $18.91 each. As a result, the insider received 32,487 and left with 13,422 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 1681337472 and an Enterprise Value of 1169882496.
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 -5.67%, while the 200-Day Moving Average is calculated to be 13.34%.
Shares Statistics:
According to the various share statistics, EWTX traded on average about 870.77K shares per day over the past 3-months and 823620 shares per day over the past 10 days. A total of 70.45M shares are outstanding, with a floating share count of 58.32M. Insiders hold about 37.81% of the company’s shares, while institutions hold 71.52% stake in the company. Shares short for EWTX as of 1723680000 were 6396177 with a Short Ratio of 7.35, compared to 1721001600 on 8578830. Therefore, it implies a Short% of Shares Outstanding of 6396177 and a Short% of Float of 10.0200005.
