Editas Medicine Inc (NASDAQ: EDIT) on Tuesday, plunged -4.60% from the previous trading day, before settling in for the closing price of $3.26. Within the past 52 weeks, EDIT’s price has moved between $2.91 and $11.69.
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It was noted that within the last five years, the titan of the Healthcare sector saw sales topped by 101.57%. The company achieved an average annual earnings per share of -44.42%. With a float of $81.70 million, this company’s outstanding shares have now reached $81.77 million.
The extent of productivity of a business whose workforce counts for 265 workers is very important to gauge. 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
Observing investor behavior towards Biotechnology industry stocks is more important than anything else. The insider ownership of Editas Medicine Inc is 0.94%, while institutional ownership is 67.19%. 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
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.55 earnings per share (EPS) for the period topping the consensus outlook (set at -0.57) by 0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.62 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -44.42% 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
Editas Medicine Inc (EDIT) is currently performing well based on its current performance indicators. A quick ratio of 3.85 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.83.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.36, a number that is poised to hit -0.75 in the next quarter and is forecasted to reach -2.65 in one year’s time.
Technical Analysis of Editas Medicine Inc (EDIT)
The latest stats from [Editas Medicine Inc, EDIT] show that its last 5-days average volume of 1.76 million was inferior to 1.91 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 16.59%. Additionally, its Average True Range was 0.23.
During the past 100 days, Editas Medicine Inc’s (EDIT) raw stochastic average was set at 6.04%, which indicates a significant decrease from 22.47% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 91.57% in the past 14 days, which was higher than the 69.19% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.52, while its 200-day Moving Average is $5.62. Now, the first resistance to watch is $3.29. This is followed by the second major resistance level at $3.48. The third major resistance level sits at $3.59. If the price goes on to break the first support level at $2.99, it is likely to go to the next support level at $2.88. Assuming the price breaks the second support level, the third support level stands at $2.69.
Editas Medicine Inc (NASDAQ: EDIT) Key Stats
Market capitalization of the company is 256.51 million based on 82,476K outstanding shares. Right now, sales total 78,120 K and income totals -153,220 K. The company made 510 K in profit during its latest quarter, and -67,610 K in sales during its previous quarter.
