Your email has been successfully added to our mailing list.

×
0 0 0 0 0 0 0 0
Stock impact report

Summit: A Cautious Bet Backed By Anti-VEGF And Insider Buying [Seeking Alpha]

Summit Therapeutics Inc. (SMMT) 
Last summit therapeutics inc. earnings: 6/12 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: summitplc.com/investors/investor-centre
Company Research Source: Seeking Alpha
SMMT's Ivonescimab targets non-small cell lung cancer through its dual anti-PD-1 plus anti-VEGF mechanism, with the potential to outperform the benchmarks. While there's a lot of uncertainty regarding sales and even more regarding earnings, valuation suggests significant upside if the company captures just 4% market share by 2033. There are 5 risks and caveats, which include therapy efficacy and toxicity to be studied, financing, competition, and high product concentration. Jitendra Jadhav/iStock via Getty Images Thesis I'm rating Summit Therapeutics ( SMMT ) as a "cautious buy" due to the promising combination of anti-PD-1 plus anti-VEGF. If the company manages to reach just 4% of market share in 2033, it implies a potential 15% annualized CAGR upside. This This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the st Show less Read more
Impact Snapshot
Event Time:
SMMT
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for
SMMT alerts

from News Quantified
Opt-in for
SMMT alerts

from News Quantified