SpringWorks Therapeutics Inc (NASDAQ:SWTX) price on Wednesday, December 04, fall -0.56% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $42.31.
A look at the stock’s price movement, the close in the last trading session was $42.55, moving within a range at $42.17 and $44.92. The beta value (5-Year monthly) was 0.792. Turning to its 52-week performance, $53.92 and $28.21 were the 52-week high and 52-week low respectively. Overall, SWTX moved 36.75% over the past month.
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SpringWorks Therapeutics Inc’s market cap currently stands at around $3.15 billion, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 57.13M for the company’s revenue for the quarter, with a low and high estimate of 35.71M and 66.8M respectively. The average forecast suggests up to a 948.89% 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 187.73M, representing a 3,346.53% 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% Buy. 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% Buy 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 12.80% and 25.96% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 73.01, while 7-day volatility ratio is 3.87% and 6.19% in the 30-day chart. Further, SpringWorks Therapeutics Inc (SWTX) has a beta value of 0.79, and an average true range (ATR) of 1.95. Analysts have given the company’s stock an average 52-week price target of $76, forecast between a low of $76 and high of $76. Looking at the price targets, the low is -79.63% off current price level while to achieve the yearly target high, price needs to move -79.63%. Nonetheless, investors will most likely welcome a -79.63% 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 1.1 over the past 10 days and 1.09 million over the past 3 months. The company’s latest data on shares outstanding shows there are 74.34 million shares.
The 11.56% of SpringWorks Therapeutics Inc’s shares are in the hands of company insiders while institutional holders own 101.86% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 12.29 million on 2024-11-15, giving us a short ratio of 9.96. The data shows that as of 2024-11-15 short interest in SpringWorks Therapeutics Inc (SWTX) stood at 1998.9999999999998 of shares outstanding, with shares short falling to 12.77 million registered in 2024-10-15. Current price change has pushed the stock 15.92% 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.
