Summit Therapeutics Inc [NASDAQ: SMMT] loss -1.98% or -0.26 points to close at $12.86 with a heavy trading volume of 2148421 shares.
The daily chart for SMMT points out that the company has recorded 183.26% gains over the past six months.
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If we look at the average trading volume of 3.76M shares, SMMT reached to a volume of 2148421 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Summit Therapeutics Inc [SMMT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SMMT shares is $14.33 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SMMT stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
H.C. Wainwright have made an estimate for Summit Therapeutics Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 12, 2024. While these analysts kept the previous recommendation, Citigroup raised their target price to Buy. The new note on the price target was released on May 07, 2024, representing the official price target for Summit Therapeutics Inc stock. Previously, the target price had yet another raise to $8, while Stifel analysts kept a Buy rating on SMMT stock.
The Average True Range (ATR) for Summit Therapeutics Inc is set at 0.91 The Price to Book ratio for the last quarter was 47.75, with the Price to Cash per share for the same quarter was set at 0.45.
Trading performance analysis for SMMT stock
Summit Therapeutics Inc [SMMT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.88. With this latest performance, SMMT shares gained by 19.07% in over the last four-week period, additionally plugging by 183.26% over the last 6 months – not to mention a rise of 630.68% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SMMT stock in for the last two-week period is set at 63.03, with the RSI for the last a single of trading hit 60.98, and the three-weeks RSI is set at 63.10 for Summit Therapeutics Inc [SMMT]. The present Moving Average for the last 50 days of trading for this stock 10.03, while it was recorded at 13.16 for the last single week of trading, and 5.52 for the last 200 days.
Summit Therapeutics Inc [SMMT]: A deeper dive into fundamental analysis
Summit Therapeutics Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.35 and a Current Ratio set at 2.35.
Summit Therapeutics Inc [SMMT]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Summit Therapeutics Inc posted -0.06/share EPS, while the average EPS was predicted by analysts to be reported at -0.06/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SMMT.
An analysis of Institutional ownership at Summit Therapeutics Inc [SMMT]
There are presently around $10.45%, or 88.15%% of SMMT stock, in the hands of institutional investors. The top three institutional holders of SMMT stocks are: BAKER BROS. ADVISORS LP with ownership of 23.22 million shares, which is approximately 3.309%. VANGUARD GROUP INC, holding 8.82 million shares of the stock with an approximate value of $$68.78 million in SMMT stocks shares; and VANGUARD GROUP INC, currently with $$61.61 million in SMMT stock with ownership which is approximately 1.1255%.
