Market Watch: Summit Therapeutics Inc (SMMT)’s Noteworthy Gain, Closing at 24.74

Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.

As of close of business last night, Summit Therapeutics Inc’s stock clocked out at $24.74, up 7.61% from its previous closing price of $22.99. In other words, the price has increased by $7.61 from its previous closing price. On the day, 4.13 million shares were traded. SMMT stock price reached its highest trading level at $25.05 during the session, while it also had its lowest trading level at $23.23.

Ratios:

To gain a deeper understanding of SMMT’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 10.63 and its Current Ratio is at 10.63. 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, UBS on July 01, 2025, initiated with a Buy rating and assigned the stock a target price of $30.

On June 11, 2025, Leerink Partners started tracking the stock assigning a Underperform rating and target price of $12.

Citigroup Upgraded its Neutral to Buy on March 26, 2025, whereas the target price for the stock was revised from $23 to $35.

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 18373556224 and an Enterprise Value of 15449065472.

Stock Price History:

The Beta on a monthly basis for SMMT is -1.07, which has changed by 1.8502305 over the last 52 weeks, in comparison to a change of 0.12153554 over the same period for the S&P500. Over the past 52 weeks, SMMT has reached a high of $36.91, while it has fallen to a 52-week low of $7.41. The 50-Day Moving Average of the stock is 8.79%, while the 200-Day Moving Average is calculated to be 18.41%.

Shares Statistics:

It appears that SMMT traded 5.19M shares on average per day over the past three months and 5070700 shares per day over the past ten days. A total of 741.61M shares are outstanding, with a floating share count of 111.44M. Insiders hold about 84.99% of the company’s shares, while institutions hold 13.16% stake in the company. Shares short for SMMT as of 1749772800 were 30530476 with a Short Ratio of 5.88, compared to 1747267200 on 25729979. Therefore, it implies a Short% of Shares Outstanding of 30530476 and a Short% of Float of 26.169999999999998.

Dividends & Splits

Against a Trailing Annual Dividend Yield of 0.0

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