A new trading day began on Friday, with Editas Medicine Inc (NASDAQ: EDIT) stock price up 2.87% from the previous day of trading, before settling in for the closing price of $3.49. EDIT’s price has ranged from $3.40 to $11.69 over the past 52 weeks.
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Healthcare Sector giant saw their annual sales surged by 101.57% over the last five years. Meanwhile, its annual earnings per share averaged -44.83%. With a float of $81.70 million, this company’s outstanding shares have now reached $81.77 million.
The firm has a total of 265 workers. Let’s measure their productivity. In terms of profitability, gross margin is 91.33%, operating margin of -310.11%, and the pretax margin is -288.59%.
Editas Medicine Inc (EDIT) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Biotechnology Industry. The insider ownership of Editas Medicine Inc is 0.94%, while institutional ownership is 69.52%. The most recent insider transaction that took place on Sep 04 ’24, was worth 1,774. In this transaction EVP, CHIEF MEDICAL OFFICER of this company sold 518 shares at a rate of $3.42, taking the stock ownership to the 133,895 shares. Before that another transaction happened on Sep 04 ’24, when Company’s CEO sold 1,555 for $3.42, making the entire transaction worth $5,325. This insider now owns 313,724 shares in total.
Editas Medicine Inc (EDIT) Recent Fiscal highlights
In its latest quarterly report, released on 6/30/2024, the company reported earnings of -0.55 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.59 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -44.83% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 1.70% during the next five years compared to 2.88% growth over the previous five years of trading.
Editas Medicine Inc (NASDAQ: EDIT) Trading Performance Indicators
Here are Editas Medicine Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 3.85. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.42.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.36, a number that is poised to hit -0.78 in the next quarter and is forecasted to reach -2.77 in one year’s time.
Technical Analysis of Editas Medicine Inc (EDIT)
Analysing the last 5-days average volume posted by the [Editas Medicine Inc, EDIT], we can find that recorded value of 1.58 million was lower than the volume posted last year of 1.88 million. As of the previous 9 days, the stock’s Stochastic %D was 20.64%. Additionally, its Average True Range was 0.24.
During the past 100 days, Editas Medicine Inc’s (EDIT) raw stochastic average was set at 5.78%, which indicates a significant decrease from 24.05% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 52.94% in the past 14 days, which was lower than the 69.06% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.58, while its 200-day Moving Average is $6.89. Now, the first resistance to watch is $3.67. This is followed by the second major resistance level at $3.75. The third major resistance level sits at $3.88. If the price goes on to break the first support level at $3.45, it is likely to go to the next support level at $3.32. Now, if the price goes above the second support level, the third support stands at $3.24.
Editas Medicine Inc (NASDAQ: EDIT) Key Stats
With a market capitalization of 296.10 million, the company has a total of 82,238K Shares Outstanding. Currently, annual sales are 78,120 K while annual income is -153,220 K. The company’s previous quarter sales were 510 K while its latest quarter income was -67,610 K.
