SpringWorks Therapeutics Inc (NASDAQ:SWTX) price on Thursday, November 14, rose 5.30% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $36.55.
A look at the stock’s price movement, the close in the last trading session was $34.71, moving within a range at $34.2 and $36.78. The beta value (5-Year monthly) was 0.792. Turning to its 52-week performance, $53.92 and $19.61 were the 52-week high and 52-week low respectively. Overall, SWTX moved 21.35% over the past month.
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SpringWorks Therapeutics Inc’s market cap currently stands at around $2.72 billion, with investors looking forward to this quarter’s earnings report slated for in December.
Analysts have a consensus estimate of 61.1M for the company’s revenue for the quarter, with a low and high estimate of 58.41M and 62.86M respectively. The average forecast suggests up to a 1,021.65% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 190.54M, representing a 3,398.03% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SWTX is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 3 recommend SWTX as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SWTX’s current price about 16.03% and 11.61% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 72.15, while 7-day volatility ratio is 8.55% and 5.22% in the 30-day chart. Further, SpringWorks Therapeutics Inc (SWTX) has a beta value of 0.79, and an average true range (ATR) of 1.82. Analysts have given the company’s stock an average 52-week price target of $76, forecast between a low of $50 and high of $76. Looking at the price targets, the low is -36.8% off current price level while to achieve the yearly target high, price needs to move -107.93%. Nonetheless, investors will most likely welcome a -107.93% jump to $76 which is the analysts’ median price.
If we refocus on SpringWorks Therapeutics Inc (NASDAQ:SWTX), historical trading data shows that trading volumes averaged 1.45 over the past 10 days and 958.83K over the past 3 months. The company’s latest data on shares outstanding shows there are 73.49 million shares.
The 9.82% of SpringWorks Therapeutics Inc’s shares are in the hands of company insiders while institutional holders own 102.30% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 11.63 million on 2024-10-31, giving us a short ratio of 13.14. The data shows that as of 2024-10-31 short interest in SpringWorks Therapeutics Inc (SWTX) stood at 1894.0000000000002 of shares outstanding, with shares short falling to 12.18 million registered in 2024-09-30. Current price change has pushed the stock 0.14% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SWTX stock continues to rise going into the next quarter.
