Summit Therapeutics Inc (SMMT) concluded trading on Wednesday at a closing price of $4.70, with 5.39 million shares of worth about $25.34 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 144.16% during that period and on May 01, 2024 the price saw a gain of about 19.59%. Currently the company’s common shares owned by public are about 701.66M shares, out of which, 82.98M shares are available for trading.
Stock saw a price change of 30.92% in past 5 days and over the past one month there was a price change of 22.08%. Year-to-date (YTD), SMMT shares are showing a performance of 80.08% which increased to 215.44% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.33 but also hit the highest price of $5.22 during that period. The average intraday trading volume for Summit Therapeutics Inc shares is 2.13 million. The stock is currently trading 25.50% above its 20-day simple moving average (SMA20), while that difference is up 16.62% for SMA50 and it goes to 69.35% higher than SMA200.
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Summit Therapeutics Inc (NASDAQ: SMMT) currently have 701.66M outstanding shares and institutions hold larger chunk of about 4.64% of that.
The stock has a current market capitalization of $3.30B and its 3Y-monthly beta is at -1.13. It has posted earnings per share of -$1.54 in the same period. It has Quick Ratio of 9.30 while making debt-to-equity ratio of 1.37. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SMMT, volatility over the week remained 10.98% while standing at 8.17% over the month.
Analysts are in expectations that Summit Therapeutics Inc (SMMT) stock would likely to be making an EPS of -$0.06 in the current quarter, while forecast for next quarter EPS is -$0.06 and it is -$0.29 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.06 which is -$0.06 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$ in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 74.75% while it is estimated to decrease by -20.00% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Stifel on March 26, 2024 offering a Buy rating for the stock and assigned a target price of $8 to it. On May 02, 2018, Janney Initiated their recommendations, while on April 12, 2018, Needham Reiterated their ratings for the stock with a price target of $27. Stock get a Buy rating from BTIG Research on February 13, 2018.
