Summit Therapeutics Inc (NASDAQ: SMMT) is -0.67% lower on its value in year-to-date trading and has touched a low of $6.78 and a high of $36.91 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 SMMT stock was last observed hovering at around $18.22 in the last trading session, with the day’s loss setting it -0.49%.
Currently trading at $17.73, the stock is -26.75% and -23.90% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 14.12 million and changing -2.69% at the moment leaves the stock -12.87% off its SMA200. SMMT registered 503.92% gain for a year compared to 6-month gain of -7.68%. The firm has a 50-day simple moving average (SMA 50) of $23.3272 and a 200-day simple moving average (SMA200) of $20.309675.
The stock witnessed a -28.15% loss in the last 1 month and extending the period to 3 months gives it a -7.34%, and is -31.43% 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 18.20% over the week and 9.14% over the month.
Summit Therapeutics Inc (SMMT) has around 159 employees, a market worth around $13.08B and $0.00M in sales. Distance from 52-week low is 161.43% and -51.98% from its 52-week high. The company has generated returns on investments over the last 12 months (-69.33%).
The EPS is expected to shrink by -30.93% this year.
Summit Therapeutics Inc (SMMT) Top Institutional Holders
294.0 institutions hold shares in Summit Therapeutics Inc (SMMT), with institutional investors hold 86.27% of the company’s shares. The shares outstanding are 741.61M, and float is at 110.45M with Short Float at 23.30%. Institutions hold 13.54% of the Float.
The top institutional shareholder in the company is BAKER BROS. ADVISORS LP with over 23.22 million shares valued at $181.13 million. The investor’s holdings represent 3.2804% of the SMMT Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 8.82 million shares valued at $68.78 million to account for 1.2457 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 7.9 million shares representing 1.1158% and valued at over $61.61 million, while FMR LLC holds 1.0687 of the shares totaling 7.57 million with a market value of $59.01 million.
Summit Therapeutics Inc (SMMT) Insider Activity
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