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The price of Summit Therapeutics Inc (NASDAQ: SMMT) closed at $21.84 in the last session, up 7.85% from day before closing price of $20.25. In other words, the price has increased by $7.85 from its previous closing price. On the day, 3.09 million shares were traded. SMMT stock price reached its highest trading level at $21.975 during the session, while it also had its lowest trading level at $20.0.
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 2.35 and its Current Ratio is at 2.35. In the meantime, Its Debt-to-Equity ratio is 0.56 whereas as Long-Term Debt/Eq ratio is at 0.03.
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 September 27, 2024, Downgraded its rating to Neutral and sets its target price to $23 from $19 previously.
On August 12, 2024, H.C. Wainwright started tracking the stock assigning a Buy rating and target price of $16.
On May 07, 2024, Citigroup started tracking the stock assigning a Buy rating and target price of $7.Citigroup initiated its Buy rating on May 07, 2024, with a $7 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 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.
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 16049997824 and an Enterprise Value of 15607140352.
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 $1.64. The 50-Day Moving Average of the stock is 24.38%, while the 200-Day Moving Average is calculated to be 157.57%.
Shares Statistics:
According to the various share statistics, SMMT traded on average about 4.96M shares per day over the past 3-months and 3478360 shares per day over the past 10 days. A total of 701.66M shares are outstanding, with a floating share count of 110.95M. Insiders hold about 84.68% of the company’s shares, while institutions hold 10.00% stake in the company. Shares short for SMMT as of 1727654400 were 16343414 with a Short Ratio of 3.29, compared to 1724976000 on 18230707. Therefore, it implies a Short% of Shares Outstanding of 16343414 and a Short% of Float of 14.060001.
