On Monday, Edgewise Therapeutics Inc (NASDAQ: EWTX) was -6.33% drop from the session before settling in for the closing price of $28.28. A 52-week range for EWTX has been $5.12 – $30.00.
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When this article was written, the company’s average yearly earnings per share was at 5.98%. With a float of $58.46 million, this company’s outstanding shares have now reached $70.45 million.
In an organization with 88 employees, it is important to assess its efficiency.
Edgewise Therapeutics Inc (EWTX) Insider Updates
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Edgewise Therapeutics Inc stocks. The insider ownership of Edgewise Therapeutics Inc is 37.66%, while institutional ownership is 71.52%. The most recent insider transaction that took place on Sep 23 ’24, was worth 578,064. Before that another transaction happened on Sep 20 ’24, when Company’s Officer proposed sale 7,162 for $28.29, making the entire transaction worth $202,603.
Edgewise Therapeutics Inc (EWTX) Performance Highlights and Predictions
Going through the last 3-months fiscal report unveiled on the 6/30/2024, it has been observed that the corporation posted -0.41 earnings per share (EPS) during the time that was less than consensus figure (set at -0.4) by -0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.39 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 5.98% per share during the next fiscal year.
Edgewise Therapeutics Inc (NASDAQ: EWTX) Trading Performance Indicators
You can see what Edgewise Therapeutics Inc (EWTX) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 30.24.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.53, a number that is poised to hit -0.37 in the next quarter and is forecasted to reach -1.87 in one year’s time.
Technical Analysis of Edgewise Therapeutics Inc (EWTX)
Let’s dig in a bit further. During the last 5-days, its volume was 4.64 million. That was better than the volume of 0.96 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 85.75%. Additionally, its Average True Range was 2.06.
During the past 100 days, Edgewise Therapeutics Inc’s (EWTX) raw stochastic average was set at 76.57%, which indicates a significant increase from 73.81% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 195.23% in the past 14 days, which was higher than the 94.61% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $19.14, while its 200-day Moving Average is $16.77. However, in the short run, Edgewise Therapeutics Inc’s stock first resistance to watch stands at $27.92. Second resistance stands at $29.35. The third major resistance level sits at $30.28. If the price goes on to break the first support level at $25.56, it is likely to go to the next support level at $24.63. Assuming the price breaks the second support level, the third support level stands at $23.20.
Edgewise Therapeutics Inc (NASDAQ: EWTX) Key Stats
There are 93,399K outstanding shares of the company, which has a market capitalization of 2.48 billion. As of now, sales total 0 K while income totals -100,160 K. Its latest quarter income was 0 K while its last quarter net income were -31,500 K.
