Why Summit Therapeutics Stock Crushed the Market This Week [Yahoo! Finance]
Summit Therapeutics Inc. (SMMT)
Last summit therapeutics inc. earnings: 6/12 07:00 am
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US:NASDAQ Investor Relations:
summitplc.com/investors/investor-centre
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Source: Yahoo! Finance
company got an additional boost on Monday with an initiation of coverage by a bullish analyst. Over the course of that week, according to data compiled by S&P Global Market Intelligence , the company's share price had increased by almost 23%. Summit has nearly 100% upside potential, says pundit That prognosticator was Stifel 's Brad Canino, who launched his coverage of Summit stock with an unhesitating buy recommendation and a price target of $8 per share. That's nearly double the biotech company's most recent closing share price. Canino is encouraged by solid clinical trial results posted recently for the investigational lung cancer drug ivonescimab, for which Summit holds marketing rights in North America, Europe, and Japan. He wrote that "Our thesis is that ivonescimab has high probability-of-success in two material lung cancer phase 3s that could unlock a multi-billion dollar sales opportunity that would support a significantly higher share price." Summit recently complete
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SMMT
News
- Summit Therapeutics Reports Financial Results and Operational Progress for the First Quarter Ended March 31, 2024 [Yahoo! Finance]Yahoo! Finance
- Summit Therapeutics Reports Financial Results and Operational Progress for the First Quarter Ended March 31, 2024Business Wire
- Summit Therapeutics to Host First Quarter 2024 Financial Results & Operational Progress Call on May 1, 2024Business Wire
- Summit Therapeutics Appoints Dr. Mostafa Ronaghi, Renowned Executive and Genomicist, to its Board of DirectorsBusiness Wire
- Summit Therapeutics to Present at the Stifel 2024 Targeted Oncology Forum [Yahoo! Finance]Yahoo! Finance
SMMT
Earnings
- 5/1/24 - In-Line
SMMT
Sec Filings
- 5/1/24 - Form S-8
- 5/1/24 - Form 8-K
- 5/1/24 - Form 10-Q
- SMMT's page on the SEC website