Check Out SpringWorks Therapeutics Inc. (SWTX)’s Trade Data Rather Than the Analysts’ Views

SpringWorks Therapeutics Inc. (NASDAQ: SWTX) stock fell -1.97% on Friday to $26.34 against a previous-day closing price of $26.87. With 1.71 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.57 million shares. During the session, the Biotechnology company that operates in wider Healthcare sector, reached to the highest price of $27.81 whereas the lowest price it dropped to was $26.05. The 52-week range on SWTX shows that it touched its highest point at $34.16 and its lowest point at $21.04 during that stretch. It currently has a 1-year price target of $50.17. Beta for the stock currently stands at 0.58.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SWTX was down-trending over the past week, with a drop of -2.08%, but this was down by -7.48% over a month. Three-month performance dropped to -6.13% while six-month performance fell -11.76%. The stock lost -12.20% in the past year, while it has gained 1.27% so far this year. A look at the trailing 12-month EPS for SWTX yields -4.99 with Next year EPS estimates of -4.13. For the next quarter, that number is -1.33. This implies an EPS growth rate of -45.20% for this year and 20.70% for next year.

Float and Shares Shorts:

At present, 62.46 million SWTX shares are outstanding with a float of 56.90 million shares on hand for trading. On Aug 30, 2023, short shares totaled 14.53 million, which was 23.22% higher than short shares on Jul 30, 2023. In addition to Mr. Saqib Islam J.D. as the firm’s CEO & Director, Mr. Francis I. Perier Jr., M.B.A. serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 110.34% of SWTX’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 53.56% of SWTX, in contrast to 42.80% held by mutual funds. Shares owned by individuals account for 30.78%. As the largest shareholder in SWTX with 14.99% of the stake, Fidelity Management & Research Co holds 9,378,514 shares worth 9,378,514. A second-largest stockholder of SWTX, The Vanguard Group, Inc., holds 4,751,689 shares, controlling over 7.59% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in SWTX, holding 3,832,795 shares or 6.13% stake. With a 4.13% stake in SWTX, the Fidelity Growth Company Fund is the largest stakeholder. A total of 2,582,738 shares are owned by the mutual fund manager. The SPDR S&P Biotech ETF, which owns about 3.32% of SWTX stock, is the second-largest Mutual Fund holder. It holds 2,079,308 shares valued at 58.59 million. Vanguard Total Stock Market ETF holds 2.66% of the stake in SWTX, owning 1,664,951 shares worth 46.92 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, SWTX reported revenue of $0.00 and operating income of -$69.01M. The EBITDA in the recently reported quarter was -$68.82M and diluted EPS was -$1.41.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SWTX since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With SWTX analysts setting a high price target of $66.00 and a low target of $41.00, the average target price over the next 12 months is $50.17. Based on these targets, SWTX could surge 150.57% to reach the target high and rise by 55.66% to reach the target low. Reaching the average price target will result in a growth of 90.47% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded SWTX stock several times over the past three months with 2 Buys and 2 Sells. In these transactions, 11,440 shares were bought while 4,818 shares were sold. The number of buy transactions has increased to 17 while that of sell transactions has risen to 22 over the past year. The total number of shares bought during that period was 293,474 while 1,791,523 shares were sold.

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