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Trading of Summit Therapeutics was halted at 12:34 PM EST due to "News pending".

NASDAQ:SMMT

Summit Therapeutics (SMMT) Stock Price, News & Analysis

Summit Therapeutics logo
$23.47 -13.23 (-36.05%)
Closing price 04:00 PM Eastern
Extended Trading
$24.18 +0.71 (+3.04%)
As of 08:00 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

About Summit Therapeutics Stock (NASDAQ:SMMT)

Key Stats

Today's Range
$22.22
$35.92
50-Day Range
$16.64
$36.70
52-Week Range
$2.10
$36.91
Volume
24.58 million shs
Average Volume
3.77 million shs
Market Capitalization
$17.31 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$36.70
Consensus Rating
Buy

Company Overview

Summit Therapeutics Inc., a biopharmaceutical company, focuses on discovery, development, and commercialization of patient, physician, caregiver, and societal friendly medicinal therapies in the United States, and the United Kingdom. The company's lead development candidate is Ivonescimab, a bispecific antibody for immunotherapy through blockade of PD-1 with the anti-angiogenesis; and anti-infectives portfolio includes SMT-738, a novel class of precision antibiotics for the treatment of multidrug resistant infections, which primarily includes carbapenem-resistant Enterobacteriaceae infections. It has a collaboration and license agreement with Akeso, Inc. and its affiliates to develop and commercialize ivonescimab, as well as strategic collaboration with The University of Texas MD Anderson Cancer Center for the purpose of accelerating the development of ivonescimab. The company was founded in 2003 and is headquartered in Miami, Florida.

Summit Therapeutics Stock Analysis - MarketRank™

See Top-Rated MarketRank™ Stocks
53rd Percentile Overall Score

SMMT MarketRank™: 

Summit Therapeutics scored higher than 53% of companies evaluated by MarketBeat, and ranked 414th out of 916 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Summit Therapeutics has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 10 buy ratings, no hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Summit Therapeutics has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Summit Therapeutics' stock forecast and price target.
  • Earnings Growth

    Earnings for Summit Therapeutics are expected to decrease in the coming year, from ($0.30) to ($0.36) per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Summit Therapeutics is -83.82, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Summit Therapeutics is -83.82, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Book Value per Share Ratio

    Summit Therapeutics has a P/B Ratio of 213.36. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Summit Therapeutics' valuation and earnings.
  • Percentage of Shares Shorted

    27.55% of the float of Summit Therapeutics has been sold short.
  • Short Interest Ratio / Days to Cover

    Summit Therapeutics has a short interest ratio ("days to cover") of 9.2.
  • Change versus previous month

    Short interest in Summit Therapeutics has recently increased by 12.02%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Summit Therapeutics does not currently pay a dividend.

  • Dividend Growth

    Summit Therapeutics does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    27.55% of the float of Summit Therapeutics has been sold short.
  • Short Interest Ratio / Days to Cover

    Summit Therapeutics has a short interest ratio ("days to cover") of 9.2.
  • Change versus previous month

    Short interest in Summit Therapeutics has recently increased by 12.02%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Summit Therapeutics has a news sentiment score of 0.83. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Medical companies.
  • News Coverage This Week

    MarketBeat has tracked 16 news articles for Summit Therapeutics this week, compared to 6 articles on an average week.
  • Search Interest

    44 people have searched for SMMT on MarketBeat in the last 30 days. This is an increase of 193% compared to the previous 30 days.
  • MarketBeat Follows

    17 people have added Summit Therapeutics to their MarketBeat watchlist in the last 30 days. This is an increase of 1,600% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Summit Therapeutics insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    88.30% of the stock of Summit Therapeutics is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    Only 4.61% of the stock of Summit Therapeutics is held by institutions.

  • Read more about Summit Therapeutics' insider trading history.
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SMMT Stock News Headlines

New “Trump” currency proposed in DC
According to one of the most connected men in Washington… A surprising new bill was just introduced in Washington. Its purpose: to put Donald Trump’s face on the $100 note. All to celebrate a new “golden age” for America.
Why Is Summit Therapeutics Stock Soaring On Wednesday?
See More Headlines

SMMT Stock Analysis - Frequently Asked Questions

Summit Therapeutics' stock was trading at $17.84 at the beginning of the year. Since then, SMMT shares have increased by 31.6% and is now trading at $23.47.
View the best growth stocks for 2025 here
.

Summit Therapeutics Inc. (NASDAQ:SMMT) announced its earnings results on Monday, February, 24th. The company reported ($0.08) earnings per share for the quarter, hitting the consensus estimate of ($0.08). The company had revenue of $0.20 million for the quarter.
Read the conference call transcript
.

Summit Therapeutics (SMMT) raised $40 million in an IPO on Thursday, March 5th 2015. The company issued 3,500,000 shares at a price of $11.54 per share. JMP Securities and Oppenheimer & Co. acted as the underwriters for the IPO and Needham was co-manager.

Summit Therapeutics' top institutional shareholders include Sovran Advisors LLC (0.02%), Rhumbline Advisers (0.02%), Griffin Asset Management Inc. (0.02%) and Wealth Management Partners LLC (0.01%). Insiders that own company stock include Robert W Duggan, Ankur Dhingra and Mahkam Zanganeh.
View institutional ownership trends
.

Shares of SMMT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

Based on aggregate information from My MarketBeat watchlists, some other companies that Summit Therapeutics investors own include Invesco QQQ (QQQ), NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Broadcom (AVGO), Adobe (ADBE) and CrowdStrike (CRWD).

Company Calendar

Last Earnings
2/24/2025
Today
4/25/2025
Next Earnings (Estimated)
4/29/2025
Fiscal Year End
12/31/2025

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Sector
Medical
Industry
Pharmaceutical preparations
Sub-Industry
Pharmaceutical Products
Current Symbol
NASDAQ:SMMT
Employees
110
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$36.70
High Stock Price Target
$44.00
Low Stock Price Target
$30.00
Potential Upside/Downside
+56.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
10 Analysts

Profitability

Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$-614,930,000.00
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$700,000.00
Price / Sales
24,733.36
Price / Cash Flow
N/A
Book Value
$0.11 per share
Price / Book
213.36

Miscellaneous

Free Float
86,281,000
Market Cap
$17.31 billion
Optionable
Optionable
Beta
-0.46

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This page (NASDAQ:SMMT) was last updated on 4/25/2025 by MarketBeat.com Staff
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