Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The price of Edgewise Therapeutics Inc (NASDAQ: EWTX) closed at $27.80 in the last session, down -0.18% from day before closing price of $27.85. In other words, the price has decreased by -$0.18 from its previous closing price. On the day, 0.73 million shares were traded. EWTX stock price reached its highest trading level at $28.47 during the session, while it also had its lowest trading level at $27.01.
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 26.35 and its Current Ratio is at 26.35. 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, Stifel on January 22, 2025, initiated with a Hold rating and assigned the stock a target price of $30.
On November 22, 2024, Evercore ISI started tracking the stock assigning a Outperform rating and target price of $45.
On March 07, 2024, Piper Sandler started tracking the stock assigning a Overweight rating and target price of $48.Piper Sandler initiated its Overweight rating on March 07, 2024, with a $48 target price.
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 Jan 28 ’25 when JOANNE DONOVAN bought 25,000 shares for $27.85 per share.
Russell Alan J sold 100,000 shares of EWTX for $2,737,470 on Dec 30 ’24. The Chief Scientific Officer now owns 14,863 shares after completing the transaction at $27.37 per share. On Dec 30 ’24, another insider, ALAN J RUSSELL, who serves as the Director of the company, bought 100,000 shares for $28.74 each.
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 2632340224 and an Enterprise Value of 2144244736.
Stock Price History:
The Beta on a monthly basis for EWTX is 0.21, which has changed by 0.56197417 over the last 52 weeks, in comparison to a change of 0.25219524 over the same period for the S&P500. Over the past 52 weeks, EWTX has reached a high of $38.12, while it has fallen to a 52-week low of $14.90. The 50-Day Moving Average of the stock is -5.59%, while the 200-Day Moving Average is calculated to be 17.58%.
Shares Statistics:
According to the various share statistics, EWTX traded on average about 839.73K shares per day over the past 3-months and 1142060 shares per day over the past 10 days. A total of 94.41M shares are outstanding, with a floating share count of 62.40M. Insiders hold about 34.10% of the company’s shares, while institutions hold 74.06% stake in the company. Shares short for EWTX as of 1736899200 were 6736305 with a Short Ratio of 8.02, compared to 1734048000 on 5642454. Therefore, it implies a Short% of Shares Outstanding of 6736305 and a Short% of Float of 10.3999995.
