While Edgewise Therapeutics Inc has underperformed by -15.24%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, EWTX fell by -37.78%, with highs and lows ranging from $38.12 to $12.18, whereas the simple moving average fell by -54.71% in the last 200 days.
On April 02, 2025, Scotiabank Downgraded Edgewise Therapeutics Inc (NASDAQ: EWTX) to Sector Perform. A report published by Scotiabank on March 07, 2025, Initiated its previous ‘Sector Outperform’ rating for EWTX. Stifel also rated EWTX shares as ‘Hold’, setting a target price of $30 on the company’s shares in an initiating report dated January 22, 2025. Evercore ISI Initiated an Outperform rating on November 22, 2024, and assigned a price target of $45. Piper Sandler initiated its ‘Overweight’ rating for EWTX, as published in its report on March 07, 2024. Goldman also rated the stock as ‘Sell’.
Analysis of Edgewise Therapeutics Inc (EWTX)
One of the most important indicators of Edgewise Therapeutics Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -34.40% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 19.93, 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.
For any stock, average volume can also provide valuable insight into volatility, and EWTX is recording 1.54M average volume. On a monthly basis, the volatility of the stock is set at 10.82%, whereas on a weekly basis, it is put at 17.28%, with a loss of -50.54% over the past seven days. Furthermore, long-term investors anticipate a median target price of $41.22, showing growth from the present price of $11.51, 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?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. 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 29.38%. 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 78.77% 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 78.77% at present.
