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SMMT Overview

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$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

Loading chart...

High
16.050
Open
15.970
VWAP
15.80
Vol
2.80M
Mkt Cap
12.33B
Low
15.460
Amount
44.21M
EV/EBITDA(TTM)
--
Total Shares
776.16M
EV
11.77B
EV/OCF(TTM)
--
P/S(TTM)
--
Summit Therapeutics Inc. is a biopharmaceutical company focused on the discovery, development, and commercialization of patient, physician, caregiver and societal-friendly medicinal therapies intended to improve quality of life, increase potential duration of life, and resolve serious unmet medical needs. Its lead development candidate is ivonescimab, a novel, potential first-in-class bispecific antibody intending to combine the effects of immunotherapy via a blockade of PD-1 with the anti-angiogenesis effects of an anti-VEGF compound into a single molecule. Ivonescimab is being developed by both Akeso and the Company in multiple Phase III clinical trials. It is also developing ivonescimab in non-small cell lung cancer and other solid tumor settings. Ivonescimab is approved in China in combination with chemotherapy for patients with EGFR-mutated non-small cell lung cancer whose tumors have progressed following an EGFR-TKI based on the results of the HARMONi-A clinical trial.
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Events Timeline

(ET)
2026-06-14
14:00:00
BlackSky Short Interest Rises to 24.6%
select
2026-06-11 (ET)
2026-06-11
10:00:00
Summit Therapeutics Withdraws Public Offering Plan
select
2026-06-09 (ET)
2026-06-09
20:10:00
Middle East Tensions Impact Markets, Apple Shares Down 3.7%
select
2026-05-31 (ET)
2026-05-31
09:50:00
Summit Therapeutics Announces HARMONi-6 Trial Survival Results
select

News

Fool
6.5
06-30Fool
Comparative Analysis of Recursion Pharmaceuticals and Summit Therapeutics
  • Growth Potential of Recursion: Recursion Pharmaceuticals reported nearly $74.7 million in revenue for fiscal 2025, reflecting a year-over-year growth of approximately 26.9%, despite facing a net loss of about $644.8 million, highlighting the challenges of high costs and extensive drug development in the biotech sector.
  • Concentration Risk of Summit: Summit Therapeutics reported no revenue in fiscal 2025, with a net loss of approximately $1.1 billion primarily due to the costs of clinical trials for ivonescimab, indicating a heavy reliance on a single drug candidate that poses significant financial risks if it fails.
  • Financial Health Comparison: Recursion's debt-to-equity ratio stands at about 0.1 with a current ratio of 5.5, indicating strong short-term solvency, while Summit boasts a current ratio of 9.9, showcasing its ability to meet short-term financial commitments, although both companies face challenges with negative free cash flow.
  • Market Competition and Strategic Choices: Recursion collaborates with multiple major biotech firms, reducing customer concentration risk, whereas Summit relies almost entirely on its partnership with Akeso, which could expose it to significant market pressures if ivonescimab fails to receive regulatory approval.
Newsfilter
8.5
06-25Newsfilter
Significant Transformation in Cancer Treatment
  • Biotech Innovation: BioNTech has rapidly expanded into oncology with mRNA cancer vaccines and personalized immunotherapies, becoming a major investor in precision oncology and advancing multiple late-stage cancer programs, showcasing its leadership in cancer treatment.
  • Clinical Success Stories: Summit Therapeutics' ivonescimab has shown encouraging clinical results in lung cancer, garnering significant analyst interest and marking a shift towards next-generation checkpoint inhibitors that could reshape lung cancer treatment.
  • New Therapy Development: CG Oncology is focused on bladder cancer, with its investigational oncolytic immunotherapy platform generating positive clinical data and attracting attention from the oncology community, potentially introducing new treatment options in this area.
  • Market Trends: As large pharmaceutical companies have invested tens of billions in acquiring oncology-focused biotech firms over recent years, confidence in precision medicine continues to grow, suggesting that the next decade could witness significant advancements in cancer medicine.
seekingalpha
8.5
06-12seekingalpha
Summit Therapeutics Shares Recover After CEO's $50M Stock Purchase
  • Executive Stock Purchase: Summit Therapeutics' co-CEO Robert Duggan disclosed a purchase of nearly $50 million worth of company shares on Friday, acquiring over 3.8 million shares at $13.12 each, which increased his stake by about 1% to approximately 573.8 million shares, demonstrating confidence in the company's future.
  • Market Recovery: Following the announcement of Duggan's stock purchase, shares of Summit Therapeutics rebounded, reversing earlier declines caused by disappointing clinical trial data, indicating a reassessment of the company's prospects by investors.
  • Withdrawal of Financing Plans: The company announced on Thursday the withdrawal of its proposed $500 million public stock offering due to adverse market conditions, which may impact its future fundraising capabilities and increase market uncertainty.
  • Clinical Trial Challenges: The disappointing data from the late-stage trial of Summit's lead asset, ivonescimab, for non-small cell lung cancer led to a stock price drop of over 9% earlier this month, highlighting the challenges the company faces in research and market promotion.
seekingalpha
8.5
06-11seekingalpha
Summit Therapeutics Withdraws $500M Public Offering Due to Market Conditions
  • Offering Withdrawal: Summit Therapeutics announced the withdrawal of its proposed $500 million public offering effective June 10, 2026, due to unfavorable market conditions, indicating the company's cautious approach to the current market environment.
  • Funding Purpose Clarified: The funds from the offering were intended to support the research and development of its lead product candidate, ivonescimab, and the withdrawal may impact the liquidity and progress of this project.
  • Positive Stock Reaction: Despite the withdrawal of the offering, Summit Therapeutics' shares rose over 2% in premarket trading, reflecting market approval of the company's decision and investor confidence.
  • Market Environment Challenges: The withdrawal also highlights the challenges faced by the healthcare sector in the current market, particularly regarding large capital financing, which may influence other companies' financing strategies and market performance.
NASDAQ.COM
4.5
06-10NASDAQ.COM
US Stocks Plunge Amid Rising Geopolitical Tensions
  • Market Decline: On Wednesday, the S&P 500 Index fell by 1.62%, the Dow Jones Industrial Average dropped by 1.87%, and the Nasdaq 100 Index decreased by 1.98%, indicating a significant market reaction to rising geopolitical tensions that undermined investor confidence.
  • Oil Price Surge: Crude oil prices rose over 2% due to escalating tensions in the Middle East, which not only exacerbated losses in stocks and bonds but also pressured airline and trucking companies, highlighting the profound impact of energy price fluctuations on the overall market.
  • Stable Inflation Data: The US May Consumer Price Index rose 4.2% year-over-year, in line with expectations, while core CPI increased by 2.9%, alleviating some inflation concerns, although rising oil prices may reignite scrutiny over inflationary pressures.
  • Tech Stock Retreat: Chipmakers and AI infrastructure stocks experienced significant declines, with Nvidia and Tesla both dropping over 3%, reflecting a waning confidence in tech stocks that could influence future investment strategies.
NASDAQ.COM
4.5
06-10NASDAQ.COM
US Stocks Decline as Chip and Airline Stocks Weigh Down Market
  • Market Decline: The S&P 500 Index fell by 0.61%, the Dow Jones Industrial Average dropped by 0.88%, and the Nasdaq 100 Index decreased by 0.80%, indicating investor concerns over chipmakers and AI infrastructure stocks, which reflects a weakening confidence in technology stocks.
  • Inflation Data Impact: The US May Consumer Price Index rose by 4.2% year-on-year, meeting expectations and marking the fastest increase in three years, which, while easing inflation concerns, still affects market sentiment and leads to more cautious expectations regarding future interest rate policies.
  • Pressure on Airlines and Transport: Trucking companies are under pressure as Amazon expanded its LTL freight service, with Old Dominion Freight Line and FedEx Freight down over 4% and 3% respectively, indicating growing concerns about increased competition in the transportation sector.
  • Energy Stocks Rise: WTI crude oil prices increased by over 1%, boosting energy producers like Devon Energy by more than 5%, suggesting that despite overall market weakness, the energy sector's profit outlook remains optimistic amid geopolitical tensions.
Wall Street analysts forecast SMMT stock price to rise
12 Analyst Rating
Wall Street analysts forecast SMMT stock price to rise
8 Buy
3 Hold
1 Sell
Moderate Buy
Current: 0.000
sliders
Low
18.00
Averages
42.49
High
131.90
Current: 0.000
sliders
Low
18.00
Averages
42.49
High
131.90
H.C. Wainwright
H.C. Wainwright
Buy
downgrade
$30 -> $23
AI Analysis
2026-05-04
Reason
H.C. Wainwright
H.C. Wainwright
Price Target
$30 -> $23
AI Analysis
2026-05-04
downgrade
Buy
Reason
H.C. Wainwright lowered the firm's price target on Summit Therapeutics to $23 from $30 and keeps a Buy rating on the shares. The firm says the absence of a stronger interim signal in HARMONi-3 suggests the final squamous readout in the second half of 2026 now carries more risk.
Piper Sandler
Neutral
downgrade
$17 -> $16
2026-05-01
Reason
Piper Sandler
Price Target
$17 -> $16
2026-05-01
downgrade
Neutral
Reason
Piper Sandler lowered the firm's price target on Summit Therapeutics to $16 from $17 and keeps a Neutral rating on the shares. The firm notes the company reported Q1 earnings that most notably announced the planned Q2 interim PFS analysis was performed and reviewed by the IDMC who recommended that the study continue as planned. Summit shares are "understandably weak" after-hours, Piper says, as investors question whether the impressive effect size seen in Akeso's HARMONi-6 can be replicated in Summit's global HARMONi-3 following this news, despite minimal alpha spent on this interim.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for SMMT
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Valuation Metrics

The current forward P/E ratio for Summit Therapeutics Inc (SMMT.O) is 3.72, compared to its 5-year average forward P/E of -20.95. For a more detailed relative valuation and DCF analysis to assess Summit Therapeutics Inc's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average PE
-20.95
Current PE
3.72
Overvalued PE
6.36
Undervalued PE
-48.27

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average EV/EBITDA
-16.23
Current EV/EBITDA
0.00
Overvalued EV/EBITDA
5.43
Undervalued EV/EBITDA
-37.90

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average PS
365.48
Current PS
284.74
Overvalued PS
943.78
Undervalued PS
-212.83

Financials

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Whales Holding SMMT

B
Baker Bros. Advisors LP
Holding
SMMT
+15.35%
3M Return

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Frequently Asked Questions

What is Summit Therapeutics Inc (SMMT) stock price today?

The current price of SMMT is 15.88 USD — it has decreased -0.31

What is Summit Therapeutics Inc (SMMT)'s business?

Summit Therapeutics Inc. is a biopharmaceutical company focused on the discovery, development, and commercialization of patient, physician, caregiver and societal-friendly medicinal therapies intended to improve quality of life, increase potential duration of life, and resolve serious unmet medical needs. Its lead development candidate is ivonescimab, a novel, potential first-in-class bispecific antibody intending to combine the effects of immunotherapy via a blockade of PD-1 with the anti-angiogenesis effects of an anti-VEGF compound into a single molecule. Ivonescimab is being developed by both Akeso and the Company in multiple Phase III clinical trials. It is also developing ivonescimab in non-small cell lung cancer and other solid tumor settings. Ivonescimab is approved in China in combination with chemotherapy for patients with EGFR-mutated non-small cell lung cancer whose tumors have progressed following an EGFR-TKI based on the results of the HARMONi-A clinical trial.

What is the price predicton of SMMT Stock?

Wall Street analysts forecast SMMT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SMMT is42.49 USD with a low forecast of 18.00 USD and a high forecast of 131.90 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is Summit Therapeutics Inc (SMMT)'s revenue for the last quarter?

Summit Therapeutics Inc revenue for the last quarter amounts to 0.00 USD, decreased

What is Summit Therapeutics Inc (SMMT)'s earnings per share (EPS) for the last quarter?

Summit Therapeutics Inc. EPS for the last quarter amounts to -0.24 USD, increased 166.67

How many employees does Summit Therapeutics Inc (SMMT). have?

Summit Therapeutics Inc (SMMT) has 265 emplpoyees as of July 08 2026.

What is Summit Therapeutics Inc (SMMT) market cap?

Today SMMT has the market capitalization of 12.33B USD.