Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
As of close of business last night, Edgewise Therapeutics Inc’s stock clocked out at $25.33, up 4.89% from its previous closing price of $24.15. In other words, the price has increased by $4.89 from its previous closing price. On the day, 0.86 million shares were traded. EWTX stock price reached its highest trading level at $25.57 during the session, while it also had its lowest trading level at $23.08.
Ratios:
To gain a deeper understanding of EWTX’s stock, we examine its different ratios. 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, Evercore ISI on November 22, 2024, initiated with a Outperform rating and assigned the stock a target price of $45.
On March 07, 2024, Piper Sandler started tracking the stock assigning a Overweight rating and target price of $48.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Dec 30 ’24 when Russell Alan J sold 100,000 shares for $27.37 per share. The transaction valued at 2,737,470 led to the insider holds 14,863 shares of the business.
ALAN J RUSSELL bought 100,000 shares of EWTX for $2,874,000 on Dec 30 ’24. On Dec 24 ’24, another insider, Semigran Marc, who serves as the Chief Development Officer of the company, sold 29,709 shares for $29.69 each. As a result, the insider received 881,915 and left with 6,716 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 2398459648 and an Enterprise Value of 1910364160.
Stock Price History:
The Beta on a monthly basis for EWTX is 0.22, which has changed by 1.5746269 over the last 52 weeks, in comparison to a change of 0.22263205 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 $9.00. The 50-Day Moving Average of the stock is -18.20%, while the 200-Day Moving Average is calculated to be 9.48%.
Shares Statistics:
It appears that EWTX traded 816.12K shares on average per day over the past three months and 723980 shares per day over the past ten 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 74.14% stake in the company. Shares short for EWTX as of 1734048000 were 5642454 with a Short Ratio of 7.53, compared to 1731628800 on 6391944. Therefore, it implies a Short% of Shares Outstanding of 5642454 and a Short% of Float of 8.709999999999999.
