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As of close of business last night, Summit Therapeutics Inc’s stock clocked out at $18.98, up 3.66% from its previous closing price of $18.31. In other words, the price has increased by $3.66 from its previous closing price. On the day, 1.4 million shares were traded. SMMT stock price reached its highest trading level at $19.245 during the session, while it also had its lowest trading level at $18.11.
Ratios:
To gain a deeper understanding of SMMT’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 8.31 and its Current Ratio is at 8.31. In the meantime, Its Debt-to-Equity ratio is 0.07 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, JMP Securities on November 04, 2024, initiated with a Mkt Outperform rating and assigned the stock a target price of $32.
On September 27, 2024, Citigroup Downgraded its rating to Neutral which previously was Buy and also upped its target price recommendation from $19 to $23.
On August 12, 2024, H.C. Wainwright started tracking the stock assigning a Buy rating and target price of $16.H.C. Wainwright initiated its Buy rating on August 12, 2024, with a $16 target price.
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 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 13996763136 and an Enterprise Value of 13048278016.
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 $1.84. The 50-Day Moving Average of the stock is -11.58%, while the 200-Day Moving Average is calculated to be 80.37%.
Shares Statistics:
It appears that SMMT traded 5.08M shares on average per day over the past three months and 1958750 shares per day over the past ten days. A total of 701.66M shares are outstanding, with a floating share count of 103.50M. Insiders hold about 85.96% of the company’s shares, while institutions hold 11.49% stake in the company. Shares short for SMMT as of 1730332800 were 17038173 with a Short Ratio of 3.35, compared to 1727654400 on 16343414. Therefore, it implies a Short% of Shares Outstanding of 17038173 and a Short% of Float of 14.34.
