On Friday, Edgewise Therapeutics Inc (NASDAQ: EWTX) was -4.35% drop from the session before settling in for the closing price of $32.87. A 52-week range for EWTX has been $5.93 – $38.12.
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When this article was written, the company’s average yearly earnings per share was at 6.24%. With a float of $61.51 million, this company’s outstanding shares have now reached $70.45 million.
Let’s look at the performance matrix of the company that is accounted for 88 employees. In terms of profitability, gross margin is 29.31%, operating margin of -6534.37%, and the pretax margin is -5519.27%.
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 36.86%, while institutional ownership is 74.04%. 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) Performance Highlights and Predictions
Going through the last 3-months fiscal report unveiled on the 9/30/2024, it has been observed that the corporation posted -0.47 earnings per share (EPS) during the time that was less than consensus figure (set at -0.43) by -0.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.38 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 6.24% 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 26.35.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.49, a number that is poised to hit -0.40 in the next quarter and is forecasted to reach -1.86 in one year’s time.
Technical Analysis of Edgewise Therapeutics Inc (EWTX)
Edgewise Therapeutics Inc (NASDAQ: EWTX) saw its 5-day average volume 0.73 million, a negative change from its year-to-date volume of 0.95 million. As of the previous 9 days, the stock’s Stochastic %D was 4.73%. Additionally, its Average True Range was 1.85.
During the past 100 days, Edgewise Therapeutics Inc’s (EWTX) raw stochastic average was set at 71.08%, which indicates a significant increase from 0.89% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 44.92% in the past 14 days, which was lower than the 93.40% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $29.52, while its 200-day Moving Average is $20.87. Nevertheless, the first resistance level for the watch stands at $32.64 in the near term. At $33.84, the stock is likely to face the second major resistance level. The third major resistance level sits at $34.47. If the price goes on to break the first support level at $30.81, it is likely to go to the next support level at $30.18. Assuming the price breaks the second support level, the third support level stands at $28.98.
Edgewise Therapeutics Inc (NASDAQ: EWTX) Key Stats
There are 94,689K outstanding shares of the company, which has a market capitalization of 2.85 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 -34,130 K.
