On Friday, Prime Medicine Inc (NASDAQ: PRME) was -4.05% drop from the session before settling in for the closing price of $4.20. A 52-week range for PRME has been $3.28 – $9.86.
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A company in the Healthcare sector has dropped its sales by -25.00% annually for the last half of the decade. When this article was written, the company’s average yearly earnings per share was at 24.49%. With a float of $39.57 million, this company’s outstanding shares have now reached $97.38 million.
In an organization with 234 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 94.66%, operating margin of -560.15%, and the pretax margin is -545.19%.
Prime Medicine Inc (PRME) Insider Updates
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Prime Medicine Inc stocks. The insider ownership of Prime Medicine Inc is 67.03%, while institutional ownership is 36.59%. The most recent insider transaction that took place on Feb 15 ’24, was worth 20,000,000. In this transaction Director of this company bought 3,200,000 shares at a rate of $6.25, taking the stock ownership to the 3,200,000 shares. Before that another transaction happened on Feb 15 ’24, when Company’s 10% Owner bought 3,200,000 for $6.25, making the entire transaction worth $20,000,000. This insider now owns 3,200,000 shares in total.
Prime Medicine Inc (PRME) Performance Highlights and Predictions
Going through the last 3-months fiscal report unveiled on the 6/30/2024, it has been observed that the corporation posted -0.55 earnings per share (EPS) during the time that was less than consensus figure (set at -0.46) by -0.09. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.45 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 24.49% per share during the next fiscal year.
Prime Medicine Inc (NASDAQ: PRME) Trading Performance Indicators
You can see what Prime Medicine Inc (PRME) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 8.23. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 819.87.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.13, a number that is poised to hit -0.39 in the next quarter and is forecasted to reach -1.41 in one year’s time.
Technical Analysis of Prime Medicine Inc (PRME)
Let’s dig in a bit further. During the last 5-days, its volume was 1.01 million. That was better than the volume of 0.98 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 55.89%. Additionally, its Average True Range was 0.34.
During the past 100 days, Prime Medicine Inc’s (PRME) raw stochastic average was set at 15.42%, which indicates a significant decrease from 56.31% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 91.47% in the past 14 days, which was higher than the 90.18% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.92, while its 200-day Moving Average is $5.76. However, in the short run, Prime Medicine Inc’s stock first resistance to watch stands at $4.24. Second resistance stands at $4.45. The third major resistance level sits at $4.57. If the price goes on to break the first support level at $3.91, it is likely to go to the next support level at $3.79. Assuming the price breaks the second support level, the third support level stands at $3.58.
Prime Medicine Inc (NASDAQ: PRME) Key Stats
There are 120,031K outstanding shares of the company, which has a market capitalization of 483.72 million. As of now, sales total 0 K while income totals -198,130 K. Its latest quarter income was 590 K while its last quarter net income were -45,760 K.
