During the last session, Summit Therapeutics Inc (NASDAQ:SMMT)’s traded shares were 1.69 million, with the beta value of the company hitting -0.95. At the end of the trading day, the stock’s price was $18.61, reflecting an intraday loss of -1.53% or -$0.29. The 52-week high for the SMMT share is $33.89, that puts it down -82.11 from that peak though still a striking 91.19% gain since the share price plummeted to a 52-week low of $1.64. The company’s market capitalization is $13.48B, and the average intraday trading volume over the past 10 days was 3.94 million shares, and the average trade volume was 4.95 million shares over the past three months.
Summit Therapeutics Inc (SMMT) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.67. SMMT has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Summit Therapeutics Inc (NASDAQ:SMMT) trade information
The stock plummet -1.53% in intraday trading to $18.61, hitting a weekly high. The stock’s 5-day price performance is 0.00%, and it has moved by -18.02% in 30 days. Based on these gigs, the overall price performance for the year is 945.51%. The short interest in Summit Therapeutics Inc (NASDAQ:SMMT) is 16.34 million shares and it means that shorts have 1.53 day(s) to cover.
The consensus price target of analysts on Wall Street is $40, which implies an increase of 53.48% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $23 and $45 respectively. As a result, SMMT is trading at a discount of -141.81% off the target high and -23.59% off the low.
Summit Therapeutics Inc (SMMT) estimates and forecasts
Statistics show that Summit Therapeutics Inc has underperformed its competitors in share price, compared to the industry in which it operates. Summit Therapeutics Inc (SMMT) shares have gone up 361.79% during the last six months, with a year-to-date growth rate less than the industry average at -107.69% against 19.40.
While earnings are projected to return 72.30% in 2024.
SMMT Dividends
Summit Therapeutics Inc is due to release its next quarterly earnings in November. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Summit Therapeutics Inc (NASDAQ:SMMT)’s Major holders
Summit Therapeutics Inc insiders own 84.63% of total outstanding shares while institutional holders control 10.08%, with the float percentage being 65.58%. BAKER BROS. ADVISORS LP is the largest shareholder of the company, while 170.0 institutions own stock in it. As of 2024-06-30, the company held over 23.22 million shares (or 3.309% of all shares), a total value of $181.13 million in shares.
The next largest institutional holding, with 8.82 million shares, is of VANGUARD GROUP INC’s that is approximately 1.2566% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $68.78 million.
