Edgewise Therapeutics Inc (NASDAQ:EWTX)’s traded shares stood at 0.48 million during the latest session, with the company’s beta value hitting 0.21. At the last check today, the stock’s price was $27.87, to imply an increase of 4.66% or $1.24 in intraday trading. The EWTX share’s 52-week high remains $30.00, putting it -7.64% down since that peak but still an impressive 81.63% since price per share fell to its 52-week low of $5.12. The company has a valuation of $2.61B, with an average of 1.38 million shares in intraday trading volume over the past 10 days and average of 1.15 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Edgewise Therapeutics Inc (EWTX), translating to a mean rating of 1.00. Of 1 analyst(s) looking at the stock, 0 analyst(s) give EWTX a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 1 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 -0.37.
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Edgewise Therapeutics Inc (NASDAQ:EWTX) trade information
After registering a 4.66% upside in the latest session, Edgewise Therapeutics Inc (EWTX) has traded red over the past five days. The 5-day price performance for the stock is 6.82%, and 59.53% over 30 days. With these gigs, the year-to-date price performance is 154.75%. Short interest in Edgewise Therapeutics Inc (NASDAQ:EWTX) saw shorts transact 8.17 million shares and set a 10.34 days time to cover.
The extremes give us $42 and $48 for target low and target high price respectively. As such, EWTX has been trading -72.23% off suggested target high and -50.7% from its likely low.
Edgewise Therapeutics Inc (EWTX) estimates and forecasts
Looking at statistics comparing Edgewise Therapeutics Inc share performance against respective industry, we note that the company has underperformed competitors. Edgewise Therapeutics Inc (EWTX) shares are 64.33% up over the last 6 months, with its year-to-date growth rate lower than industry average at 6.37% against 17.60%. Revenue is forecast to grow 9.80% this quarter before jumping 17.00% for the next one.
EWTX Dividends
Edgewise Therapeutics Inc has its next earnings report out on 2024-Nov-07. 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.
Edgewise Therapeutics Inc (NASDAQ:EWTX)’s Major holders
Edgewise Therapeutics Inc insiders hold 0.47% of total outstanding shares, with institutional holders owning 111.67% of the shares at 112.20% float percentage. In total, 111.67% institutions holds shares in the company, led by ORBIMED ADVISORS LLC. As of 2024-06-30, the company held over 15.02 million shares (or 17.1545% of shares), all amounting to roughly $270.54 million.
The next major institution holding the largest number of shares is RA CAPITAL MANAGEMENT, L.P. with 8.91 million shares, or about 10.174% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $160.45 million.
