The stock of Edgewise Therapeutics Inc (NASDAQ: EWTX) has decreased by -1.63 when compared to last closing price of 21.18.Despite this, the company has seen a loss of -0.07% in its stock price over the last five trading days. zacks.com reported 2024-07-17 that Does Edgewise Therapeutics, Inc. (EWTX) have what it takes to be a top stock pick for momentum investors? Let’s find out.
Is It Worth Investing in Edgewise Therapeutics Inc (NASDAQ: EWTX) Right Now?
Moreover, the 36-month beta value for EWTX is 0.12. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for EWTX is 59.29M and currently, short sellers hold a 14.47% of that float. On July 25, 2024, EWTX’s average trading volume was 777.31K shares.
EWTX’s Market Performance
EWTX’s stock has seen a -0.07% decrease for the week, with a 19.81% rise in the past month and a 29.33% gain in the past quarter. The volatility ratio for the week is 4.68%, and the volatility levels for the past 30 days are at 6.43% for Edgewise Therapeutics Inc. The simple moving average for the past 20 days is 1.09% for EWTX’s stock, with a 46.44% simple moving average for the past 200 days.
Analysts’ Opinion of EWTX
Many brokerage firms have already submitted their reports for EWTX stocks, with Piper Sandler repeating the rating for EWTX by listing it as a “Overweight.” The predicted price for EWTX in the upcoming period, according to Piper Sandler is $48 based on the research report published on March 07, 2024 of the current year 2024.
Goldman gave a rating of “Sell” to EWTX, setting the target price at $5 in the report published on August 25th of the previous year.
EWTX Trading at 11.24% from the 50-Day Moving Average
After a stumble in the market that brought EWTX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.34% of loss for the given period.
Volatility was left at 6.43%, however, over the last 30 days, the volatility rate increased by 4.68%, as shares surge +19.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.85% upper at present.
During the last 5 trading sessions, EWTX rose by +0.48%, which changed the moving average for the period of 200-days by +195.90% in comparison to the 20-day moving average, which settled at $20.78. In addition, Edgewise Therapeutics Inc saw 90.45% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at EWTX starting from Donovan Joanne M., who sale 3,682 shares at the price of $18.91 back on May 02 ’24. After this action, Donovan Joanne M. now owns 19,897 shares of Edgewise Therapeutics Inc, valued at $69,627 using the latest closing price.
KOCH KEVIN, the President and CEO of Edgewise Therapeutics Inc, sale 3,152 shares at $18.91 during a trade that took place back on May 02 ’24, which means that KOCH KEVIN is holding 14,478 shares at $59,604 based on the most recent closing price.
Stock Fundamentals for EWTX
Current profitability levels for the company are sitting at:
- -54.8 for the present operating margin
- 0.14 for the gross margin
The net margin for Edgewise Therapeutics Inc stands at -47.0. The total capital return value is set at -0.23. Equity return is now at value -24.51, with -23.52 for asset returns.
Based on Edgewise Therapeutics Inc (EWTX), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at -18.62. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is -39.72.
Currently, EBITDA for the company is -112.62 million with net debt to EBITDA at 0.21. When we switch over and look at the enterprise to sales, we see a ratio of 858.18. The liquidity ratio also appears to be rather interesting for investors as it stands at 37.08.
Conclusion
To wrap up, the performance of Edgewise Therapeutics Inc (EWTX) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
