Summit Therapeutics - SMMT Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Summit Therapeutics in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" SMMT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SMMT, but not buy additional shares or sell existing shares.
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Summit Therapeutics' stock was trading at $2.69 at the beginning of the year. Since then, SMMT stock has decreased by 65.1% and is now trading at $0.94.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, March 16th 2023.
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Summit Therapeutics Inc. (NASDAQ:SMMT) posted its quarterly earnings results on Monday, November, 15th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.29) by $0.09. The company had revenue of $6.12 million for the quarter. Summit Therapeutics had a negative trailing twelve-month return on equity of 104.32% and a negative net margin of 1,012.41%.

Based on aggregate information from My MarketBeat watchlists, some companies that other Summit Therapeutics investors own include Energy Transfer (ET), Summit Therapeutics (SUMM), Sarepta Therapeutics (SRPT), Gilead Sciences (GILD), CBL & Associates Properties (CBL), SandRidge Permian Trust (PER), Cornerstone Total Return Fund (CRF), Ford Motor (F) and Martin Midstream Partners (MMLP).

(SMMT) raised $40 million in an initial public offering (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. served as the underwriters for the IPO and Needham was co-manager.

Summit Therapeutics trades on the NASDAQ under the ticker symbol "SMMT."

Summit Therapeutics' stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (0.43%), Marshall Wace LLP (0.14%) and UBS Group AG (0.05%). Insiders that own company stock include Ankur Dhingra, David Jonathan Powell, Maky Zanganeh and Robert W Duggan.
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Shares of SMMT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SMMT stock can currently be purchased for approximately $0.94.

Summit Therapeutics (NASDAQ:SMMT) has a market capitalization of $189.24 million and generates $22.78 million in revenue each year. The company earns $-88,600,000.00 in net income (profit) each year or ($0.81) on an earnings per share basis.

The company employs 105 workers across the globe.

Summit Therapeutics' mailing address is 136a Eastern Avenue Milton Park, Abingdon X0, OX144SB. The official website for the company is www.summitplc.com. The company can be reached via phone at 617-514-7149, via email at investors@summitplc.com, or via fax at 44-12-3544-3999.