Summit Therapeutics Inc (NASDAQ: SMMT) is 48.66% higher on its value in year-to-date trading and has touched a low of $1.30 and a high of $5.22 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SMMT stock was last observed hovering at around $3.86 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $3.88, the stock is 3.58% and -4.64% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.45 million and changing 0.52% at the moment leaves the stock 40.68% off its SMA200. SMMT registered 183.21% gain for a year compared to 6-month gain of 105.29%.
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The stock witnessed a -6.28% loss in the last 1 month and extending the period to 3 months gives it a 2.92%, and is 11.17% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 8.17% over the week and 7.32% over the month.
Summit Therapeutics Inc (SMMT) has around 105 employees, a market worth around $2.72B and $0.00M in sales. Distance from 52-week low is 198.46% and -25.67% from its 52-week high. The company has generated returns on investments over the last 12 months (-339.79%).
The EPS is expected to grow by 75.76% this year.
Summit Therapeutics Inc (SMMT) Top Institutional Holders
The shares outstanding are 701.66M, and float is at 82.98M with Short Float at 27.59%.
Summit Therapeutics Inc (SMMT) Insider Activity
The most recent transaction is an insider purchase by Zanganeh Mahkam,the company’sChief Executive Officer. SEC filings show that Zanganeh Mahkam bought 54,321 shares of the company’s common stock on Mar 27 ’24 at a price of $3.72 per share for a total of $0.2 million. Following the purchase, the insider now owns 24.92 million shares.
Summit Therapeutics Inc disclosed in a document filed with the SEC on Mar 27 ’24 that Zanganeh Mahkam (Chief Executive Officer) bought a total of 26,000 shares of the company’s common stock. The trade occurred on Mar 27 ’24 and was made at $3.72 per share for $96720.0. Following the transaction, the insider now directly holds 0.52 million shares of the SMMT stock.
Still, SEC filings show that on Mar 26 ’24, Dhingra Ankur (Chief Financial Officer) acquired 100,000 shares at an average price of $3.75 for $0.38 million. The insider now directly holds 354,958 shares of Summit Therapeutics Inc (SMMT).
