Edgewise Therapeutics Inc (NASDAQ: EWTX) kicked off on Tuesday, up 2.32% from the previous trading day, before settling in for the closing price of $26.69. Over the past 52 weeks, EWTX has traded in a range of $5.12-$30.00.
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While this was happening, its average annual earnings per share was recorded 5.98%. With a float of $59.28 million, this company’s outstanding shares have now reached $70.45 million.
Considering the fact that the conglomerate employs 88 people, you should pay attention to its efficiency factor.
Edgewise Therapeutics Inc (EWTX) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Biotechnology Industry. The insider ownership of Edgewise Therapeutics Inc is 36.78%, while institutional ownership is 71.54%. The most recent insider transaction that took place on Sep 20 ’24, was worth 2,120,101. In this transaction Chief Scientific Officer of this company sold 75,000 shares at a rate of $28.27, taking the stock ownership to the 12,719 shares. Before that another transaction happened on Sep 20 ’24, when Company’s General Counsel sold 50,000 for $28.37, making the entire transaction worth $1,418,510. This insider now owns 3,252 shares in total.
Edgewise Therapeutics Inc (EWTX) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported -0.41 earnings per share (EPS), lower than consensus estimate (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
Take a look at Edgewise Therapeutics Inc’s (EWTX) current performance indicators. Last quarter, stock had 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)
Compared to the last year’s volume of 0.96 million, its volume of 1.03 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 62.99%. Additionally, its Average True Range was 1.80.
During the past 100 days, Edgewise Therapeutics Inc’s (EWTX) raw stochastic average was set at 82.04%, which indicates a significant increase from 79.93% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 192.14% in the past 14 days, which was higher than the 93.92% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $19.68, while its 200-day Moving Average is $17.36. Nevertheless, the first resistance level for the watch stands at $27.91 in the near term. At $28.52, the stock is likely to face the second major resistance level. The third major resistance level sits at $29.30. If the price goes on to break the first support level at $26.52, it is likely to go to the next support level at $25.74. Should the price break the second support level, the third support level stands at $25.13.
Edgewise Therapeutics Inc (NASDAQ: EWTX) Key Stats
The company with the Market Capitalisation of 2.56 billion has total of 93,399K Shares Outstanding. Its annual sales at the moment are 0 K in contrast with the sum of -100,160 K annual income. Company’s last quarter sales were recorded 0 K and last quarter income was -31,500 K.
