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The closing price of Edgewise Therapeutics Inc (NASDAQ: EWTX) was $30.01 for the day, down -0.53% from the previous closing price of $30.17. In other words, the price has decreased by -$0.53 from its previous closing price. On the day, 1.13 million shares were traded. EWTX stock price reached its highest trading level at $31.41 during the session, while it also had its lowest trading level at $29.94.
Ratios:
Our analysis of EWTX’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 26.35 and its Current Ratio is at 26.35. 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, Evercore ISI on November 22, 2024, initiated with a Outperform rating and assigned the stock a target price of $45.
On March 07, 2024, Piper Sandler started tracking the stock assigning a Overweight rating and target price of $48.
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 Sep 20 ’24 when Russell Alan J sold 75,000 shares for $28.27 per share. The transaction valued at 2,120,101 led to the insider holds 12,719 shares of the business.
MOORE JOHN R sold 50,000 shares of EWTX for $1,418,510 on Sep 20 ’24. The General Counsel now owns 3,252 shares after completing the transaction at $28.37 per share. On Sep 23 ’24, another insider, MOORE JOHN R, who serves as the General Counsel of the company, sold 20,922 shares for $27.63 each. As a result, the insider received 578,064 and left with 3,252 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 2841601792 and an Enterprise Value of 2353506304.
Stock Price History:
Over the past 52 weeks, EWTX has reached a high of $38.12, while it has fallen to a 52-week low of $6.82. The 50-Day Moving Average of the stock is -8.43%, while the 200-Day Moving Average is calculated to be 34.42%.
Shares Statistics:
EWTX traded an average of 1.14M shares per day over the past three months and 1128810 shares per day over the past ten days. A total of 94.41M shares are outstanding, with a floating share count of 62.41M. Insiders hold about 34.09% of the company’s shares, while institutions hold 74.06% stake in the company. Shares short for EWTX as of 1732838400 were 5742967 with a Short Ratio of 5.04, compared to 1730332800 on 7289836. Therefore, it implies a Short% of Shares Outstanding of 5742967 and a Short% of Float of 8.870000000000001.