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How to Buy Summit Therapeutics Stock

Summit Therapeutics Inc

Summit Therapeutics Inc. , a biopharmaceutical company, discovers, develops, and commercializes medicines to treat infectious diseases in the United States and Latin America.

Summit Therapeutics stock last closed at $18.99, up 2.15% from the previous day, and has increased 873.85% in one year. It has overperformed other stocks in the Biotechnology industry by 8.69 percentage points. Summit Therapeutics stock is currently +1,057.93% from its 52-week low of $1.64, and -43.97% from its 52-week high of $33.89.

There are currently 737.45M SMMT shares outstanding. The market capitalization of SMMT is $14.00B. In the past 24 hours, 2.3M SMMT shares were traded.

How to Buy Summit Therapeutics Stock

Wondering how to invest in Summit Therapeutics stock? Here's how.
  1. Decide where to buy Summit Therapeutics stock: You need to choose an online brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you choose where to buy Summit Therapeutics stock.
  2. Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
  3. Fund your brokerage account: Select your method of payment and add your details.
  4. Evaluate Summit Therapeutics stock: The Summit Therapeutics ticker symbol is SMMT. Is Summit Therapeutics stock a good investment? Should you buy shares of SMMT? How do SMMT's underlying business fundamentals look? Do top analysts think Summit Therapeutics is a good buy? Why has SMMT's stock price moved recently? (Hint: Our stock market research website can help you figure out if SMMT is a good stock to buy).
  5. Place your SMMT buy order: Decide if you will purchase SMMT shares at the current market price or use a limit order to buy SMMT stock at a specific price.
  6. Get the latest news on your SMMT investment: Create a watchlist to watch your investment in Summit Therapeutics shares.

Step 1: Decide where to buy Summit Therapeutics stock

You will need a brokerage account to access the NASDAQ market and buy SMMT shares.

A brokerage account is an investment account that allows you to buy and sell a variety of investments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Create your brokerage account

Now that you've picked the right brokerage, it's time to fill out some personal details so you can invest in SMMT stock today.

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  1. Submit your data by hitting the "Create Account" button.
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Step 3: Fund your brokerage account

Now that you've filled out your info on stock market apps, you can securely and quickly fund your account:

Watch the video below if you need help transferring money into your new brokerage account.

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Step 4: Evaluate Summit Therapeutics stock

After you have chosen the best place to buy Summit Therapeutics stock, it's absolutely critical to research their stock prior to investing, so you truly understand the risk and opportunity.

Summit Therapeutics Metrics

SMMT Price
$18.99
1w %
-10.68%
1y %
873.85%
5y %
1,017.06%
P/E
-9,495x
P/B
31.98x
P/S
N/A
PEG
N/A
Revenue
$0.00
Earnings
-$196.68M
Fore. Rev. Growth
N/A
Fore. Earn. Growth
N/A
Market Cap
$14.00B
Next Earnings
Nov 5, 2024
Next Dividend
N/A

Summit Therapeutics Due Diligence Checks

WallStreetZen was designed to help part-time investors do better fundamental analysis quickly.

You can see all of the due diligence checks on SMMT's stock page.

What is the fair value of SMMT stock?

Investors use many financial metrics, analyses, models, and charts to gauge SMMT's fair value.

Using relative valuations metrics:

  • SMMT could be overvalued based on its P/B ratio of 31.98x, relative to Biotechnology industry P/B ratio of 5.8x

You can access more valuation analysis on SMMT's stock here.

SMMT Financial Health

Passed Financial Due Diligence Checks:

  • SMMT has cash burn of 113019000. It has sufficient cash and short-term investments to cover this for at least one year.
  • SMMT has $487.22M in cash and short term investments. This is enough to cover its annual cash burn of $113.02M.
  • There are more short-term assets than long-term liabilities on the SMMT balance sheet.
  • There are more short-term assets than short-term liabilities on the SMMT balance sheet.
  • SMMT has a low debt to equity ratio of 0.15.

Is it a good time to buy SMMT stock, according to Wall Street analysts?

Out of 3 sell side analysts who track SMMT, the consensus analyst rating on SMMT is a Buy

Please keep in mind that analyst ratings are not recommendations, nor are they investment advice.

You can dig deeper into what analysts are saying on the Summit Therapeutics stock forecast page.

Metrics for Advanced SMMT Traders

SMA10
20.21
SMA20
20.33
SMA50
19.96
SMA100
14.75
SMA200
9.63
MACD
-0.1
MACD Signal
0.21
MACD Histogram
-0.31
RSI
45.47
Stochastic %K
9.21
Stochastic %D
24.88
StochRSI %K
3.08
StochRSI %D
21.84

How is SMMT performing as a company?

Last year, SMMT revenue was $0.00. During the last 3 year, SMMT's revenue has gone up by -100% per year. This was slower than the Biotechnology industry average of 63.28%.

Find out more about SMMT's earnings and revenue performance here.

What are SMMT executives and large shareholders up to?

In the last 12 months, insiders at SMMT have bought more shares than they have sold.

Mahkam Zanganeh, Co-Chief Executive Officer of SMMT, was the latest SMMT insider to buy. They bought $498,775.98 worth of SMMT shares on Oct 3, 2024.

Dig into more about who owns SMMT shares here.

Does SMMT stock generate passive income?

No, Summit Therapeutics doesn't provide an income stream by paying out dividends.

What do other traders have to say about SMMT?

One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.

Click below to find out what other community members have to say.

Step 5: Place your SMMT buy order

There are two main order types:

  • Market order: A market order is an order to buy or sell a stock at the best possible price.
    Market orders are mostly the best for newer investors.
  • Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
    If you want to be sure you're buying or selling at an exact price limit, use a limit order.

Press the Open Trade button and eToro will execute the order.

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Step 6: Get the latest news on your SMMT investment

Now that you own some SMMT stock, you'll want to stay up-to-date on your new company.

Add SMMT to a watchlist to get notified of important updates regarding your SMMT stock.

SMMT Feed

How to Buy Stock in Summit Therapeutics

To reiterate, here are the 6 steps for buying Summit Therapeutics stock:

  1. Decide where to buy Summit Therapeutics stock
  2. Create your brokerage account
  3. Fund your brokerage account
  4. Evaluate Summit Therapeutics stock
  5. Place your SMMT buy order
  6. Get the latest news on your SMMT investment

If you are looking for a brokerage account, eToro is our recommended venue.

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If you want to monitor your investment in Summit Therapeutics, click the button below.

NASDAQ: SMMT
$18.99+0.40 (+2.15%)
Updated Nov 1, 2024
Open eToro Account
NASDAQ: SMMT
$18.99+0.40 (+2.15%)
Updated Nov 1, 2024
Open eToro Account

FAQ

How much does it cost to buy one Summit Therapeutics share?

As of Nov 1, 2024, it costs $18.99 to buy one share of Summit Therapeutics stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $9, you can buy 0.474 shares of SMMT.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Summit Therapeutics stock?

According to 3 Wall Street analysts who monitor Summit Therapeutics, their consensus recommendation is to buy Summit Therapeutics stock.

What is the best way to buy Summit Therapeutics stock?

One way to place an order for Summit Therapeutics stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.