Edgewise Therapeutics Inc (NASDAQ: EWTX) on Monday, soared 18.36% from the previous trading day, before settling in for the closing price of $27.62. Within the past 52 weeks, EWTX’s price has moved between $6.82 and $38.12.
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The company achieved an average annual earnings per share of 5.36%. With a float of $62.41 million, this company’s outstanding shares have now reached $94.41 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
Observing investor behavior towards Biotechnology industry stocks is more important than anything else. The insider ownership of Edgewise Therapeutics Inc is 34.09%, while institutional ownership is 74.06%. 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
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 5.36% per share during the next fiscal year.
Edgewise Therapeutics Inc (NASDAQ: EWTX) Trading Performance Indicators
Edgewise Therapeutics Inc (EWTX) is currently performing well based on its current performance indicators. A quick ratio of 26.35 was reported for the most recent quarter.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.49, a number that is poised to hit -0.42 in the next quarter and is forecasted to reach -1.83 in one year’s time.
Technical Analysis of Edgewise Therapeutics Inc (EWTX)
Edgewise Therapeutics Inc (NASDAQ: EWTX) saw its 5-day average volume 1.24 million, a positive change from its year-to-date volume of 0.94 million. As of the previous 9 days, the stock’s Stochastic %D was 30.96%. Additionally, its Average True Range was 2.25.
During the past 100 days, Edgewise Therapeutics Inc’s (EWTX) raw stochastic average was set at 76.49%, which indicates a significant increase from 66.94% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 87.45% in the past 14 days, which was lower than the 92.40% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $32.69, while its 200-day Moving Average is $22.19. Nevertheless, the first resistance level for the watch stands at $36.13 in the near term. At $39.56, the stock is likely to face the second major resistance level. The third major resistance level sits at $43.63. If the price goes on to break the first support level at $28.63, it is likely to go to the next support level at $24.56. Assuming the price breaks the second support level, the third support level stands at $21.13.
Edgewise Therapeutics Inc (NASDAQ: EWTX) Key Stats
Market capitalization of the company is 3.04 billion based on 94,689K outstanding shares. Right now, sales total 0 K and income totals -100,160 K. The company made 0 K in profit during its latest quarter, and -34,130 K in sales during its previous quarter.
