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Monday, November 23, 2020

Investor Confidence is Rising for SpringWorks Therapeutics Inc. (NASDAQ:SWTX)

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SpringWorks Therapeutics Inc. (SWTX) shares are trading at higher $44.92 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $53.00.

To add more color to this target, the company’s high over the last year is $49.79 and the low is $17.02. Over the last 52 weeks, SWTX is down -9.78% while the S&P 500 is up 0.22%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, SWTX reported a profit of $72000.0. SpringWorks Therapeutics Inc. also saw revenues decrease to $19.82 million. In addition, SWTX has free cash flow of -$32.98 million as of 06-2020. The company’s EBITDA came in at -$19.75 million which compares well with its peers.

SWTX Return on Equity (ROE) is -21.80%, and its Return on Assets is -16.90%. All told, it is clear that, SWTX needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. SWTX has a short ratio of 10.15 and outstanding shares of 43.01M.

Company Outlook

SWTX has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.14 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 3.87. SpringWorks Therapeutics Inc. SWTX also noted assets of $301.02 million at the end of the last quarter. Investors should also keep an eye on sector updates as SWTX has historically followed its peers on positive news.

All told, SpringWorks Therapeutics Inc. SWTX has strung together solid data and demonstrated underlying fundamentals. At its current valuation, SWTX represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

SpringWorks Therapeutics Inc. SWTX is now commanding a market cap of 2.04B and a float of 32.83M. SWTX is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of SWTX stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in SWTX, either long or short, and we have not been compensated for this article.

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