Summit Therapeutics Inc (NASDAQ: SMMT) on Tuesday, plunged -4.64% from the previous trading day, before settling in for the closing price of $21.77. Within the past 52 weeks, SMMT’s price has moved between $1.79 and $33.89.
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A company in the Healthcare sector has dropped its sales by -28.65% annually for the last half of the decade. The company achieved an average annual earnings per share of 69.54%. With a float of $112.90 million, this company’s outstanding shares have now reached $701.66 million.
In an organization with 105 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 385.96%, operating margin of 77338.72%, and the pretax margin is 83760.85%.
Summit Therapeutics Inc (SMMT) Insider Updates
Observing investor behavior towards Biotechnology industry stocks is more important than anything else. The insider ownership of Summit Therapeutics Inc is 84.68%, while institutional ownership is 10.08%. The most recent insider transaction that took place on Mar 27 ’24, was worth 201,874. In this transaction Chief Executive Officer of this company bought 54,321 shares at a rate of $3.72, taking the stock ownership to the 24,923,800 shares. Before that another transaction happened on Mar 26 ’24, when Company’s Chief Executive Officer bought 30,000 for $3.75, making the entire transaction worth $112,500. This insider now owns 30,000 shares in total.
Summit Therapeutics Inc (SMMT) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.08 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 69.54% per share during the next fiscal year.
Summit Therapeutics Inc (NASDAQ: SMMT) Trading Performance Indicators
Summit Therapeutics Inc (SMMT) is currently performing well based on its current performance indicators. A quick ratio of 8.31 was reported for the most recent quarter.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.28, a number that is poised to hit -0.08 in the next quarter and is forecasted to reach -0.38 in one year’s time.
Technical Analysis of Summit Therapeutics Inc (SMMT)
Let’s dig in a bit further. During the last 5-days, its volume was 2.07 million. That was inferior than the volume of 3.61 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 73.93%. Additionally, its Average True Range was 1.62.
During the past 100 days, Summit Therapeutics Inc’s (SMMT) raw stochastic average was set at 51.57%, which indicates a significant decrease from 55.46% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 87.52% in the past 14 days, which was lower than the 117.87% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $21.06, while its 200-day Moving Average is $10.22. However, in the short run, Summit Therapeutics Inc’s stock first resistance to watch stands at $21.76. Second resistance stands at $22.76. The third major resistance level sits at $23.27. If the price goes on to break the first support level at $20.25, it is likely to go to the next support level at $19.74. Assuming the price breaks the second support level, the third support level stands at $18.74.
Summit Therapeutics Inc (NASDAQ: SMMT) Key Stats
Market capitalization of the company is 15.30 billion based on 737,448K outstanding shares. Right now, sales total 0 K and income totals -614,930 K. The company made 0 K in profit during its latest quarter, and -56,250 K in sales during its previous quarter.
