Editas Medicine Inc (NASDAQ: EDIT) kicked off on Monday, down -3.04% from the previous trading daybefore settling in for the closing price of $3.95. Over the past 52 weeks, EDIT has traded in a range of $3.40-$11.69.
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A company in the Healthcare sector has jumped its sales by 101.57% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded -44.83%. With a float of $81.70 million, this company’s outstanding shares have now reached $81.77 million.
In an organization with 265 employees, it is important to assess its efficiency. 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) Insider Updates
Our next focus will be how large-scale investors are participating 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) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported -0.55 earnings per share (EPS), higher than consensus estimate (set at -0.57) by 0.02. 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
Take a look at Editas Medicine Inc’s (EDIT) current performance indicators. Last quarter, 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 4.71.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 1.4 million. That was inferior than the volume of 1.87 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 83.83%. Additionally, its Average True Range was 0.23.
During the past 100 days, Editas Medicine Inc’s (EDIT) raw stochastic average was set at 13.07%, which indicates a significant decrease from 75.44% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 55.46% in the past 14 days, which was lower than the 70.22% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.48, while its 200-day Moving Average is $6.69. However, in the short run, Editas Medicine Inc’s stock first resistance to watch stands at $3.94. Second resistance stands at $4.05. The third major resistance level sits at $4.14. If the price goes on to break the first support level at $3.74, it is likely to go to the next support level at $3.65. Assuming the price breaks the second support level, the third support level stands at $3.54.
Editas Medicine Inc (NASDAQ: EDIT) Key Stats
The company with the Market Capitalisation of 315.90 million has total of 82,238K Shares Outstanding. Its annual sales at the moment are 78,120 K in contrast with the sum of -153,220 K annual income. Company’s last quarter sales were recorded 510 K and last quarter income was -67,610 K.
