While Edgewise Therapeutics Inc has underperformed by -7.71%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, EWTX rose by 313.85%, with highs and lows ranging from $38.12 to $6.82, whereas the simple moving average jumped by 35.53% in the last 200 days.
On November 22, 2024, Evercore ISI started tracking Edgewise Therapeutics Inc (NASDAQ: EWTX) recommending Outperform. A report published by Piper Sandler on March 07, 2024, Initiated its previous ‘Overweight’ rating for EWTX. RBC Capital Mkts initiated its ‘Outperform’ rating for EWTX, as published in its report on April 13, 2022. Goldman’s report from January 28, 2022 suggests a price prediction of $11 for EWTX shares, giving the stock a ‘Neutral’ rating.
Analysis of Edgewise Therapeutics Inc (EWTX)
To gain a thorough understanding of Edgewise Therapeutics Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -31.90% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 26.35, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and EWTX is recording an average volume of 1.16M. On a monthly basis, the volatility of the stock is set at 6.84%, whereas on a weekly basis, it is put at 11.63%, with a gain of 2.41% over the past seven days. Furthermore, long-term investors anticipate a median target price of $49.14, showing growth from the present price of $30.17, which can serve as yet another indication of whether EWTX is worth investing in or should be passed over.
How Do You Analyze Edgewise Therapeutics Inc Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 34.09%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 74.06% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
EWTX shares are owned by institutional investors to the tune of 74.06% at present.
