In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
The price of Summit Therapeutics Inc (NASDAQ: SMMT) closed at $27.35 in the last session, up 8.45% from day before closing price of $25.22. In other words, the price has increased by $8.45 from its previous closing price. On the day, 4.6 million shares were traded. SMMT stock price reached its highest trading level at $27.54 during the session, while it also had its lowest trading level at $25.5216.
Ratios:
We take a closer look at SMMT’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 10.15 and its Current Ratio is at 10.15. 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 the company, Citigroup on March 26, 2025, Upgraded its rating to Buy and sets its target price to $35 from $23 previously.
On March 12, 2025, Evercore ISI started tracking the stock assigning a Outperform rating and target price of $30.Evercore ISI initiated its Outperform rating on March 12, 2025, with a $30 target price.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SMMT now has a Market Capitalization of 20175548416 and an Enterprise Value of 19770408960.
Stock Price History:
The Beta on a monthly basis for SMMT is -1.01, which has changed by 6.6183844 over the last 52 weeks, in comparison to a change of 0.042615533 over the same period for the S&P500. Over the past 52 weeks, SMMT has reached a high of $33.89, while it has fallen to a 52-week low of $2.10. The 50-Day Moving Average of the stock is 34.34%, while the 200-Day Moving Average is calculated to be 50.32%.
Shares Statistics:
According to the various share statistics, SMMT traded on average about 2.93M shares per day over the past 3-months and 5206410 shares per day over the past 10 days. A total of 737.63M shares are outstanding, with a floating share count of 111.14M. Insiders hold about 84.93% of the company’s shares, while institutions hold 12.62% stake in the company. Shares short for SMMT as of 1743379200 were 23765631 with a Short Ratio of 8.12, compared to 1740700800 on 21632544. Therefore, it implies a Short% of Shares Outstanding of 23765631 and a Short% of Float of 19.96.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
