As on Wednesday, Prime Medicine Inc (NASDAQ: PRME) got off with the flyer as it spiked 3.31% to $5.61, before settling in for the price of $5.43 at the close. Taking a more long-term approach, PRME posted a 52-week range of $4.11-$15.75.
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In the past 5-years timespan, the Healthcare sector firm’s annual sales growth was -25.00%. Meanwhile, its Annual Earning per share during the time was -193.88%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 25.01%. This publicly-traded company’s shares outstanding now amounts to $97.38 million, simultaneously with a float of $50.59 million. The organization now has a market capitalization sitting at $673.37 million. At the time of writing, stock’s 50-day Moving Average stood at $6.20, while the 200-day Moving Average is $6.89.
Prime Medicine Inc (PRME) Ownership Facts and Figures
Another important factor to analyze is how key investors are playing towards the stock of the Biotechnology industry. Prime Medicine Inc’s current insider ownership accounts for 57.85%, in contrast to 37.46% institutional ownership. According to the most recent insider trade that took place on Feb 15 ’24, this organization’s 10% Owner bought 3,200,000 shares at the rate of 6.25, making the entire transaction reach 20,000,000 in total value, affecting insider ownership by 3,200,000. Preceding that transaction, on Feb 15 ’24, Company’s 10% Owner bought 3,200,000 for 6.25, making the whole transaction’s value amount to 20,000,000. This particular insider is now the holder of 3,200,000 in total.
Prime Medicine Inc (PRME) Earnings and Revenue Records
Prime Medicine Inc’s EPS increase for this current 12-month fiscal period is 25.01% and is forecasted to reach -1.51 in the upcoming year.
Prime Medicine Inc (NASDAQ: PRME) Trading Performance Indicators
Let’s observe the current performance indicators for Prime Medicine Inc (PRME). It’s Quick Ratio in the last reported quarter now stands at 8.91. The Stock has managed to achieve an average true range (ATR) of 0.49. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 1141.30.
In the same vein, PRME’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -2.13, a figure that is expected to reach -0.39 in the next quarter, and analysts are predicting that it will be -1.51 at the market close of one year from today.
Technical Analysis of Prime Medicine Inc (PRME)
Through scrutinizing the latest numbers posted by the [Prime Medicine Inc, PRME], it can be observed that its last 5-days Average volume of 0.5 million was lower the volume of 0.78 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 36.16% While, its Average True Range was 0.49.
Raw Stochastic average of Prime Medicine Inc (PRME) in the period of the previous 100 days is set at 33.56%, which indicates a major rise in contrast to 28.75% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 99.93% that was higher than 87.72% volatility it exhibited in the past 100-days period.
