SpringWorks Therapeutics Inc (NASDAQ: SWTX) is -10.93% lower on its value in year-to-date trading and has touched a low of $18.00 and a high of $53.92 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SWTX stock was last observed hovering at around $32.15 in the last trading session, with the day’s gains setting it 0.36%.
Currently trading at $32.51, the stock is -14.07% and -13.15% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.04 million and changing 1.12% at the moment leaves the stock -21.45% off its SMA200. SWTX registered 34.39% gain for a year compared to 6-month loss of -33.92%. The firm has a 50-day simple moving average (SMA 50) of $37.2437 and a 200-day simple moving average (SMA200) of $41.39525.
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The stock witnessed a -23.97% gain in the last 1 month and extending the period to 3 months gives it a -10.24%, and is -8.63% down 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 4.70% over the week and 5.20% over the month.
SpringWorks Therapeutics Inc (SWTX) has around 305 employees, a market worth around $2.41B and $86.19M in sales. Profit margin for the company is -349.32%. Distance from 52-week low is 80.61% and -39.71% from its 52-week high. The company has generated returns on investments over the last 12 months (-53.49%).
The EPS is expected to grow by 35.56% this year
299.0 institutions hold shares in SpringWorks Therapeutics Inc (SWTX), with institutional investors hold 112.14% of the company’s shares. The shares outstanding are 73.49M, and float is at 66.98M with Short Float at 20.45%. Institutions hold 109.87% of the Float.
The top institutional shareholder in the company is FMR LLC with over 11.11 million shares valued at $418.6 million. The investor’s holdings represent 15.0638 of the SWTX Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 6.54 million shares valued at $246.53 million to account for 8.8715 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 5.62 million shares representing 7.6174 and valued at over $211.68 million, while DEEP TRACK CAPITAL, LP holds 5.0157 of the shares totaling 3.7 million with a market value of $139.38 million.
SpringWorks Therapeutics Inc (SWTX) Insider Activity
The most recent transaction is an insider sale by Islam Saqib, the company’s Chief Executive Officer. SEC filings show that Islam Saqib sold 49,000 shares of the company’s common stock on Sep 03 ’24 at a price of $40.57 per share for a total of $1.99 million. Following the sale, the insider now owns 1.06 million shares.
SpringWorks Therapeutics Inc disclosed in a document filed with the SEC on Sep 03 ’24 that Edris Badreddin (Chief Operating Officer) sold a total of 20,000 shares of the company’s common stock. The trade occurred on Sep 03 ’24 and was made at $40.65 per share for $0.81 million. Following the transaction, the insider now directly holds 0.23 million shares of the SWTX stock.
Still, SEC filings show that on Sep 03 ’24, Badreddin Edris (Officer) Proposed Sale 50,000 shares at an average price of $41.78 for $2.09 million. The insider now directly holds shares of SpringWorks Therapeutics Inc (SWTX).
