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SpringWorks Therapeutics Inc (NASDAQ: SWTX): Finding Hidden Gems Amid Volatility

SpringWorks Therapeutics Inc (NASDAQ:SWTX) price closed higher on Friday, February 09, jumping 46.96% below its previous close.

A look at the daily price movement shows that the last close reads $61.86. The company’s 5Y monthly beta was ticking 0.82. Taking into account the 52-week price action we note that the stock hit a 52-week high of $49.98 and 52-week low of $18.00. The stock added 14.12% on its value in the past month.

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SpringWorks Therapeutics Inc, which has a market valuation of $3.38 billion, is expected to release its quarterly earnings report Feb 26, 2024 – Mar 01, 2024. Analysts tracking SWTX have forecast the quarterly EPS to shrink by -1.24 per share this quarter, while the same analysts predict the annual EPS to hit -$5.06 for the year 2024 and up to -$4.59 for 2024. In this case, analysts estimate an annual EPS growth of 2.90% for the year and 9.30% for the next year.

Staying with the analyst view, there is a consensus estimate of $920k for the company’s annual revenue in 2023.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give SWTX a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.

The overview shows that SWTX’s price is at present 4.54% off the SMA20. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 65.28, with weekly volatility standing at 7.84%. The indicator jumps to 5.50% when calculated based on the past 30 days. SpringWorks Therapeutics Inc (NASDAQ:SWTX)’s beta value is holding at 0.82, while the average true range (ATR) indicator is currently reading 2.54.

Turning out attention to how the SpringWorks Therapeutics Inc stock has performed in comparison to its peers in the industry, here’s what we find: SWTX’s stock is 46.96% on the day and 50.61% in the past 12 months. Turning out attention to how the SpringWorks Therapeutics Inc stock has performed in comparison to its peers in the industry, here’s what we find: SWTX’s stock is 46.96% on the day and 50.61% in the past 12 months. Another comparison is with Rogers Corp. (ROG) whose stock price was up 1.35%% in the last trading session, and has flourished -19.18% over the past year. Also, AstraZeneca PLC ADR (AZN) showed down trend of -1.98%% while its price kept floating at -10.69% over the past year.

An analysis of the SpringWorks Therapeutics Inc (NASDAQ:SWTX) stock in terms of its daily trading volume indicates that the 3-month average is 1.33. However, this figure increases on the past 10-day timeline to an average of 1.34 million.

Current records show that the company has 62.42M in outstanding shares. The insiders’ percentage holdings are 18.54% of outstanding shares while the percentage share held by institutions stands at 81.26%. The stats also highlight that short interest as of Jan 31, 2024, stood at 10.41 million shares, which puts the short ratio at the time at 11.5. From this we can glean that short interest is 14.44% of company’s current outstanding shares. Notably, we see that shares short in January fall slightly given the previous month’s figure stood at 11.21 million. But the 28.66% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.