Summit Therapeutics Inc (NASDAQ: SMMT) on Friday, plunged -2.53% from the previous trading day, before settling in for the closing price of $18.94. Within the past 52 weeks, SMMT’s price has moved between $1.89 and $33.89.
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Over the past five-year period, the drop rate of yearbook sales for the company of the Healthcare sector was -28.65%. The company achieved an average annual earnings per share of 69.54%. With a float of $103.50 million, this company’s outstanding shares have now reached $701.66 million.
Considering the fact that the conglomerate employs 105 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 385.96%, operating margin of 77226.38%, and the pretax margin is 83760.85%.
Summit Therapeutics Inc (SMMT) Breakdown of a Key Holders of the stock
Observing investor behavior towards Biotechnology industry stocks is more important than anything else. The insider ownership of Summit Therapeutics Inc is 85.96%, while institutional ownership is 11.49%. 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) Recent Fiscal highlights
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)
Compared to the last year’s volume of 3.51 million, its volume of 1.57 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 35.55%. Additionally, its Average True Range was 1.31.
During the past 100 days, Summit Therapeutics Inc’s (SMMT) raw stochastic average was set at 39.84%, which indicates a significant increase from 9.56% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 59.46% in the past 14 days, which was lower than the 117.44% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $20.33, while its 200-day Moving Average is $11.11. Nevertheless, the first resistance level for the watch stands at $18.93 in the near term. At $19.41, the stock is likely to face the second major resistance level. The third major resistance level sits at $19.67. If the price goes on to break the first support level at $18.19, it is likely to go to the next support level at $17.93. Now, if the price goes above the second support level, the third support stands at $17.45.
Summit Therapeutics Inc (NASDAQ: SMMT) Key Stats
Market capitalization of the company is 13.61 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.
