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In the latest session, Edgewise Therapeutics Inc (NASDAQ: EWTX) closed at $17.48 down -4.64% from its previous closing price of $18.33. In other words, the price has decreased by -$4.64 from its previous closing price. On the day, 0.64 million shares were traded. EWTX stock price reached its highest trading level at $18.57 during the session, while it also had its lowest trading level at $17.41.
Ratios:
For a deeper understanding of Edgewise Therapeutics Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 37.08 and its Current Ratio is at 37.08. 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, Piper Sandler on March 07, 2024, initiated with a Overweight rating and assigned the stock a target price of $48.
Goldman Downgraded its Neutral to Sell on August 25, 2022, while the target price for the stock was maintained at $5.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on May 02 ’24 when Donovan Joanne M. sold 3,682 shares for $18.91 per share. The transaction valued at 69,627 led to the insider holds 19,897 shares of the business.
KOCH KEVIN sold 3,152 shares of EWTX for $59,604 on May 02 ’24. The President and CEO now owns 14,478 shares after completing the transaction at $18.91 per share. On May 02 ’24, another insider, Carruthers R Michael, who serves as the Chief Financial Officer of the company, sold 2,157 shares for $18.91 each. As a result, the insider received 40,789 and left with 35,230 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 1632610944 and an Enterprise Value of 1105100416.
Stock Price History:
The Beta on a monthly basis for EWTX is 0.16, which has changed by 0.8675214 over the last 52 weeks, in comparison to a change of 0.2704494 over the same period for the S&P500. Over the past 52 weeks, EWTX has reached a high of $21.60, while it has fallen to a 52-week low of $5.12. The 50-Day Moving Average of the stock is 1.52%, while the 200-Day Moving Average is calculated to be 56.27%.
Shares Statistics:
For the past three months, EWTX has traded an average of 744.07K shares per day and 808010 over the past ten days. A total of 70.45M shares are outstanding, with a floating share count of 62.94M. Insiders hold about 32.62% of the company’s shares, while institutions hold 68.08% stake in the company. Shares short for EWTX as of 1714435200 were 6523070 with a Short Ratio of 8.77, compared to 1711584000 on 5724282. Therefore, it implies a Short% of Shares Outstanding of 6523070 and a Short% of Float of 10.280000000000001.
