While Edgewise Therapeutics Inc has overperformed by 1.19%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, EWTX rose by 111.03%, with highs and lows ranging from $20.90 to $5.12, whereas the simple moving average jumped by 80.69% in the last 200 days.
On March 07, 2024, Piper Sandler started tracking Edgewise Therapeutics Inc (NASDAQ: EWTX) recommending Overweight. A report published by Truist on May 01, 2023, Initiated its previous ‘Buy’ rating for EWTX. Goldman also Downgraded EWTX shares as ‘Sell’, setting a target price of $5 on the company’s shares in a report dated August 25, 2022. RBC Capital Mkts Initiated an Outperform rating on April 13, 2022, and assigned a price target of $31. Goldman initiated its ‘Neutral’ rating for EWTX, as published in its report on January 28, 2022.
Analysis of Edgewise Therapeutics Inc (EWTX)
In order to gain a clear picture of Edgewise Therapeutics Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -30.10% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 19.50, 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.
An average volume of 736.60K can be a very valuable indicator of volatility for EWTX stock. On a monthly basis, the volatility of the stock is set at 6.83%, whereas on a weekly basis, it is put at 9.47%, with a gain of 20.72% over the past seven days. Furthermore, long-term investors anticipate a median target price of $32.60, showing growth from the present price of $19.52, 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?
In addition to the fundamentals, you should also consider how many employees own shares in 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 32.59%. 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 64.25% 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 64.25% at present.
