The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
The closing price of Summit Therapeutics Inc (NASDAQ: SMMT) was $19.55 for the day, up 2.41% from the previous closing price of $19.09. In other words, the price has increased by $2.41 from its previous closing price. On the day, 1.61 million shares were traded.
Ratios:
Our analysis of SMMT’s different ratios will help us gain a deeper understanding of the company. 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 this company, Goldman on February 28, 2025, initiated with a Buy rating and assigned the stock a target price of $42.
On January 08, 2025, Truist started tracking the stock assigning a Buy rating and target price of $35.
On December 11, 2024, Wells Fargo started tracking the stock assigning a Overweight rating and target price of $30.Wells Fargo initiated its Overweight rating on December 11, 2024, with a $30 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 27 ’24 when Zanganeh Mahkam bought 54,321 shares for $3.72 per share. The transaction valued at 201,874 led to the insider holds 24,923,800 shares of the business.
Zanganeh Mahkam bought 30,000 shares of SMMT for $112,500 on Mar 26 ’24. The Chief Executive Officer now owns 30,000 shares after completing the transaction at $3.75 per share. On Mar 27 ’24, another insider, Zanganeh Mahkam, who serves as the Chief Executive Officer of the company, bought 26,000 shares for $3.72 each. As a result, the insider paid 96,720 and bolstered with 520,814 shares of the company.
Stock Price History:
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 -2.00%, while the 200-Day Moving Average is calculated to be 22.49%.
Shares Statistics:
A total of 737.63M shares are outstanding, with a floating share count of 114.92M. Insiders hold about 84.42% of the company’s shares, while institutions hold 12.62% stake in the company.
