SpringWorks Therapeutics Inc (SWTX) shares projected to rise by 63.62%

SpringWorks Therapeutics Inc [SWTX] stock is trading at $41.15, up 1.28%. An important factor to consider is whether the stock is rising or falling in short-term value. The SWTX shares have gain 13.20% over the last week, with a monthly amount glided 11.61%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

SpringWorks Therapeutics Inc [NASDAQ: SWTX] stock has seen the most recent analyst activity on February 05, 2024, when Guggenheim initiated its Buy rating and assigned the stock a price target of $75. Previously, BofA Securities started tracking the stock with Buy rating on December 01, 2022, and set its price target to $45. On January 19, 2021, H.C. Wainwright reiterated its Buy rating and revised its price target to $101 on the stock. H.C. Wainwright reiterated its Buy rating and increased its price target to $73 on October 29, 2020. Barclays initiated its recommendation with a Overweight and recommended $48 as its price target on May 05, 2020. H.C. Wainwright upgraded its rating to Buy for this stock on March 19, 2020, and upped its price target to $60. In a note dated March 04, 2020, H.C. Wainwright downgraded an Neutral rating on this stock but restated the target price of $40.

SpringWorks Therapeutics Inc [SWTX] stock has fluctuated between $18.00 and $53.92 over the past year. Currently, Wall Street analysts expect the stock to reach $67.33 within the next 12 months. SpringWorks Therapeutics Inc [NASDAQ: SWTX] shares were valued at $41.15 at the most recent close of the market. An investor can expect a potential return of 63.62% based on the average SWTX price forecast.

Analyzing the SWTX fundamentals

Gross Profit Margin for this corporation currently stands at 0.92% with Operating Profit Margin at -3.5%, Pretax Profit Margin comes in at -3.28%, and Net Profit Margin reading is -3.28%. To continue investigating profitability, this company’s Return on Assets is posted at -0.49, Equity is -0.56 and Total Capital is -0.57. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.01.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 40.02 points at the first support level, and at 38.89 for the second support level. However, for the 1st resistance point, the stock is sitting at 41.83, and for the 2nd resistance point, it is at 42.51.

Ratios To Look Out For

For context, SpringWorks Therapeutics Inc’s Current Ratio is 7.91. On the other hand, the Quick Ratio is 7.77, and the Cash Ratio is 1.47. Considering the valuation of this stock, the price to sales ratio is 35.46, the price to book ratio is 5.49.

Transactions by insiders

Recent insider trading involved Islam Saqib, Chief Executive Officer, that happened on Jun 03 ’24 when 49000.0 shares were sold. Director, Hambleton Julie completed a deal on Jun 03 ’24 to sell 4648.0 shares. Meanwhile, Chief Operating Officer Edris Badreddin sold 20000.0 shares on Jun 03 ’24.

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