Are Smart Investors Making the Right Decision? Edgewise Therapeutics Inc (EWTX)

With 0.95 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.74 million shares. During the session, the Biotechnology company that operates in wider Healthcare sector, reached to the highest price of $23.19 whereas the lowest price it dropped to was $21.45. The 52-week range on EWTX shows that it touched its highest point at $23.10 and its lowest point at $5.12 during that stretch. It currently has a 1-year price target of $33.00. Beta for the stock currently stands at 0.18.

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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 EWTX was up-trending over the past week, with a rise of 17.08%, but this was up by 21.86% over a month. Three-month performance surged to 32.92% while six-month performance rose 102.07%. The stock gained 198.47% in the past year, while it has gained 96.71% so far this year. A look at the trailing 12-month EPS for EWTX yields -1.53 with Next year EPS estimates of -1.98. For the next quarter, that number is -0.34. This implies an EPS growth rate of 0.24% for this year and -25.77% for next year.

Float and Shares Shorts:

At present, 70.45 million EWTX shares are outstanding with a float of 59.29 million shares on hand for trading. On 2024-06-14, short shares totaled 7.62 million, which was 815.99995 higher than short shares on 1715731200. In addition to Dr. Peter A. Thompson FACP, M.D. as the firm’s Co-Founder & Independent Chairman, Dr. Kevin Koch Ph.D. serves as its President, CEO & Director.

Institutional Ownership:

Through their ownership of 1.09 of EWTX’s outstanding shares, institutional investors have minority control over the company.

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 2024-03-31, EWTX reported revenue of $0.0 and operating income of -$34753000.0. The EBITDA in the recently reported quarter was -$34228000.0 and diluted EPS was -$0.33.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for EWTX 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.