SpringWorks Therapeutics Inc. (NASDAQ:SWTX) saw a downside of -1.90% to close Friday at $27.94 after subtracting -$0.54 on the day. The 5-day average trading volume is 549,860 shares of the company’s common stock. It has gained $29.54 in the past week and touched a new high 2 times within the past 5 days. An average of 475,430 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 591,846.
SWTX’s 1-month performance is -5.54% or -$1.51 on its low of $24.53 reached on 08/07/23. The company’s shares have touched a 52-week low of $21.04 and high of $34.16, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, SWTX has achieved 7.42% or $1.93 and has reached a new high 9 times. However, the current price is down -18.21% from the 52-week high price.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Insider Transactions
SWTX stock investors last saw insider trading activity on Jul 19.Hambleton Julie (Director) most recently sold 2,418 shares at $29.31 per share on Jul 19. This transaction cost the insider $70,876. Director, Hambleton Julie, sold 2,400 shares at a price of $26.92 on Jun 20. Then, on Mar 16, Director Schwartz Jeffrey Lawrence sold 1,750,000 shares at a price of $28.50 per share. This transaction amounted to $49,875,000.
Valuation Metrics
SWTX stock has a beta of 0.59. Moving on to other valuation ratios, the price-to-book (PB) in the most recent quarter is 3.86.
SpringWorks Therapeutics Inc.’s quick ratio for the period ended June 29 was 11.50, with the current ratio over the same period at 11.50.
Earnings Surprise
For the quarterly period ending June 29 this year, Analysts expected SWTX to announce -$1.26 per share in earnings in its latest quarter, but it posted -$1.25, representing a 0.80% surprise. SWTX stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 65.89 million, with total debt at $7.61 million. Shareholders hold equity totaling $62.57 million.
Let’s look briefly at SpringWorks Therapeutics Inc. (SWTX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 48.73% to suggest the stock is trending Neutral, with historical volatility in this time period at 37.86%.
The stock’s 5-day moving average is $28.67, reflecting a +0.18% or $0.05 change from its current price. SWTX is currently trading -5.80% above its 20-day SMA, +11.05% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +1.49% and SMA200 by+16.37%.
Stochastic %K and %D was 54.26% and 59.09% and the average true range (ATR) pointed at 1.47. The RSI (14) points at 49.71%, while the 14-day stochastic is at 50.07% with the period’s ATR at 1.48. The stock’s 9-day MACD Oscillator is pointing at 0.27 and 0.68 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for SpringWorks Therapeutics Inc. (NASDAQ: SWTX), BofA Securities launched coverage with a Buy rating. Analysts offering their rating for SWTX stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate SWTX as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 6 have offered a “buy” rating.
What is SWTX’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $41.00 and a high of $66.00, with their median price target at $47.00. Looking at these predictions, the average price target given by analysts is for SpringWorks Therapeutics Inc. (SWTX) stock is $50.17.
