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The closing price of SpringWorks Therapeutics Inc (NASDAQ: SWTX) was $36.35 for the day, up 0.39% from the previous closing price of $36.21. In other words, the price has increased by $0.39 from its previous closing price. On the day, 0.55 million shares were traded. SWTX stock price reached its highest trading level at $36.8 during the session, while it also had its lowest trading level at $35.61.
Ratios:
Our analysis of SWTX’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 7.77 and its Current Ratio is at 7.91. 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, Guggenheim on February 05, 2024, initiated with a Buy rating and assigned the stock a target price of $75.
On December 01, 2022, BofA Securities started tracking the stock assigning a Buy rating and target price of $45.
H.C. Wainwright reiterated its Buy rating for the stock on January 19, 2021, while the target price for the stock was revised from $87 to $101.
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 Jun 03 ’24 when Islam Saqib sold 49,000 shares for $39.90 per share. The transaction valued at 1,955,113 led to the insider holds 1,112,368 shares of the business.
Hambleton Julie sold 4,648 shares of SWTX for $186,048 on Jun 03 ’24. The Director now owns 4,095 shares after completing the transaction at $40.03 per share. On Jun 03 ’24, another insider, Edris Badreddin, who serves as the Chief Operating Officer of the company, sold 20,000 shares for $40.07 each. As a result, the insider received 801,372 and left with 249,600 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, SWTX now has a Market Capitalization of 2699823360 and an Enterprise Value of 2321648384. For the stock, the TTM Price-to-Sale (P/S) ratio is 31.32 while its Price-to-Book (P/B) ratio in mrq is 4.85. Its current Enterprise Value per Revenue stands at 26.938 whereas that against EBITDA is -7.285.
Stock Price History:
Over the past 52 weeks, SWTX has reached a high of $53.92, while it has fallen to a 52-week low of $18.00. The 50-Day Moving Average of the stock is -3.06%, while the 200-Day Moving Average is calculated to be -7.80%.
Shares Statistics:
SWTX traded an average of 830.78K shares per day over the past three months and 1061060 shares per day over the past ten days. A total of 73.49M shares are outstanding, with a floating share count of 66.85M. Insiders hold about 11.68% of the company’s shares, while institutions hold 99.00% stake in the company. Shares short for SWTX as of 1722384000 were 11388735 with a Short Ratio of 13.71, compared to 1719532800 on 10416692. Therefore, it implies a Short% of Shares Outstanding of 11388735 and a Short% of Float of 18.56.
