Shares of Edgewise Therapeutics, Inc. (NASDAQ:EWTX – Get Rating) saw unusually-strong trading volume on Wednesday . Approximately 17,941 shares traded hands during mid-day trading, a decline of 94% from the previous session’s volume of 292,225 shares.The stock last traded at $10.33 and had previously closed at $10.32.
Wall Street Analysts Forecast Growth
Separately, The Goldman Sachs Group lowered shares of Edgewise Therapeutics from a “neutral” rating to a “sell” rating and set a $5.00 target price for the company. in a research note on Wednesday, August 24th.
Edgewise Therapeutics Stock Performance
The stock has a market cap of $454.67 million, a P/E ratio of -8.01 and a beta of -0.28. The company’s 50 day moving average price is $10.38 and its 200-day moving average price is $9.07.
Insider Activity at Edgewise Therapeutics
Hedge Funds Weigh In On Edgewise Therapeutics
A number of institutional investors and hedge funds have recently added to or reduced their stakes in EWTX. Ensign Peak Advisors Inc bought a new position in Edgewise Therapeutics during the first quarter worth about $6,427,000. Woodline Partners LP boosted its position in Edgewise Therapeutics by 114.3% during the second quarter. Woodline Partners LP now owns 771,797 shares of the company’s stock worth $6,144,000 after purchasing an additional 411,704 shares during the period. DAFNA Capital Management LLC boosted its position in Edgewise Therapeutics by 95.1% during the second quarter. DAFNA Capital Management LLC now owns 695,959 shares of the company’s stock worth $5,540,000 after purchasing an additional 339,209 shares during the period. FMR LLC boosted its position in Edgewise Therapeutics by 11.7% during the second quarter. FMR LLC now owns 2,815,284 shares of the company’s stock worth $22,410,000 after purchasing an additional 293,834 shares during the period. Finally, Northern Trust Corp boosted its position in Edgewise Therapeutics by 161.5% during the fourth quarter. Northern Trust Corp now owns 302,190 shares of the company’s stock worth $4,617,000 after purchasing an additional 186,617 shares during the period.
About Edgewise Therapeutics
Edgewise Therapeutics, Inc, a biopharmaceutical company, develops small molecule therapies for musculoskeletal diseases. The Company's lead product candidate, EDG-5506, is an orally administered small molecule designed to address the root cause of dystrophinopathies including Duchenne muscular dystrophy and Becker muscular dystrophy which has completed Phase 1 clinical trial.
- Get a free copy of the StockNews.com research report on Edgewise Therapeutics (EWTX)
- Is There a Cure for What is Ailing Teladoc Stock?
- No One Told These 3 Stocks It’s a Down Week
- Why Medical Products Maker Repligen May Be A Potential Buy
- At 10%, Is Arbor Realty Trust Dividend Worth It?
- Investors Should Tune Into RF Industries
Receive News & Ratings for Edgewise Therapeutics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Edgewise Therapeutics and related companies with MarketBeat.com's FREE daily email newsletter.