SpringWorks Therapeutics Inc (NASDAQ:SWTX)’s traded shares stood at 0.58 million during the last session, with the company’s beta value hitting 0.78. At the close of trading, the stock’s price was $41.15, to imply an increase of 1.28% or $0.52 in intraday trading. The SWTX share’s 52-week high remains $53.92, putting it -31.03% down since that peak but still an impressive 56.26% since price per share fell to its 52-week low of $18.00. The company has a valuation of $3.06B, with an average of 0.71 million shares in intraday trading volume over the past 10 days and average of 836.43K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for SpringWorks Therapeutics Inc (SWTX), translating to a mean rating of 1.12. Of 3 analyst(s) looking at the stock, 0 analyst(s) give SWTX a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 3 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.75.
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SpringWorks Therapeutics Inc (NASDAQ:SWTX) trade information
After registering a 1.28% upside in the last session, SpringWorks Therapeutics Inc (SWTX) has traded red over the past five days. The 5-day price performance for the stock is 13.20%, and 11.61% over 30 days. With these gigs, the year-to-date price performance is 12.74%. Short interest in SpringWorks Therapeutics Inc (NASDAQ:SWTX) saw shorts transact 11.39 million shares and set a 14.98 days time to cover.
The extremes give us $50 and $76 for target low and target high price respectively. As such, SWTX has been trading -84.69% off suggested target high and -21.51% from its likely low.
SpringWorks Therapeutics Inc (SWTX) estimates and forecasts
Looking at statistics comparing SpringWorks Therapeutics Inc share performance against respective industry, we note that the company has outperformed competitors. SpringWorks Therapeutics Inc (SWTX) shares are -16.23% down over the last 6 months, with its year-to-date growth rate higher than industry average at 35.15% against 18.60%. Revenue is forecast to grow 40.90% this quarter before jumping 53.80% for the next one. The rating firms project that company’s revenue will grow 3,477.60% compared to the previous financial year.
Revenue forecast for the current quarter as set by 7 analysts is 52.53M. Meanwhile, for the current quarter, a total of 7 analyst(s) estimate revenue growth to 64.03M.
SWTX Dividends
SpringWorks Therapeutics Inc has its next earnings report out on 2024-Oct-31. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
SpringWorks Therapeutics Inc (NASDAQ:SWTX)’s Major holders
SpringWorks Therapeutics Inc insiders hold 2.11% of total outstanding shares, with institutional holders owning 109.40% of the shares at 111.76% float percentage. In total, 109.40% institutions holds shares in the company, led by FMR LLC. As of 2024-06-30, the company held over 11.11 million shares (or 15.0638% of shares), all amounting to roughly $418.6 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 6.54 million shares, or about 8.8715% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $246.53 million.
