Summit Therapeutics Inc (NASDAQ: SMMT) closed the day trading at $4.11 down -10.93% from the previous closing price of $4.62. In other words, the price has decreased by -$0.5050 from its previous closing price. On the day, 2275843 shares were traded. SMMT stock price reached its highest trading level at $4.5550 during the session, while it also had its lowest trading level at $4.1000.
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Ratios:
For a better understanding of SMMT, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 9.30 and its Current Ratio is at 9.30. In the meantime, Its Debt-to-Equity ratio is 1.37 whereas as Long-Term Debt/Eq ratio is at 1.33.
Needham reiterated its Buy rating for the stock on April 12, 2018, while the target price for the stock was revised from $30 to $27.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 13 ’23 when Dhingra Ankur bought 20,400 shares for $2.17 per share. The transaction valued at 44,254 led to the insider holds 254,958 shares of the business.
Zanganeh Mahkam bought 5,000 shares of SMMT for $10,350 on Dec 12 ’23. The Chief Executive Officer now owns 494,814 shares after completing the transaction at $2.07 per share. On Oct 13 ’23, another insider, Soni Manmeet Singh, who serves as the Chief Operating Officer of the company, bought 2,976,190 shares for $1.68 each. As a result, the insider paid 4,999,999 and bolstered with 2,976,190 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 3.24B and an Enterprise Value of 3.16B. Its current Enterprise Value per Revenue stands at 6.43k whereas that against EBITDA is -5.30.
Stock Price History:
Over the past 52 weeks, SMMT has reached a high of $5.22, while it has fallen to a 52-week low of $1.30. The 50-Day Moving Average of the stock is 4.1030, while the 200-Day Moving Average is calculated to be 2.5438.
Shares Statistics:
Over the past 3-months, SMMT traded about 2.13M shares per day on average, while over the past 10 days, SMMT traded about 3.01M shares per day. A total of 701.66M shares are outstanding, with a floating share count of 83.26M. Insiders hold about 88.13% of the company’s shares, while institutions hold 4.64% stake in the company. Shares short for SMMT as of Feb 29, 2024 were 15.95M with a Short Ratio of 7.48, compared to 11.3M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.27% and a Short% of Float of 19.16%.
Earnings Estimates
Current recommendations for the stock of the company come from 0 analysts. On average, analysts expect EPS of $0 for the current quarter, with a high estimate of $0 and a low estimate of $0, while EPS last year was -$1.24. The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.
Analysts are recommending an EPS of between $0 and $0 for the fiscal current year, implying an average EPS of $0. EPS for the following year is $0, with 0 analysts recommending between $0 and $0.
Revenue Estimates
A total of 1 analysts have provided revenue estimates for SMMT’s current fiscal year. The highest revenue estimate was $1.56M, while the lowest revenue estimate was $1.56M, resulting in an average revenue estimate of $1.56M. In the same quarter a year ago, actual revenue was $20.17M, down -92.30% from the average estimate.
