On Monday, Prime Medicine Inc (NASDAQ: PRME) opened lower -4.93% from the last session, before settling in for the closing price of $3.35. Price fluctuations for PRME have ranged from $3.28 to $9.86 over the past 52 weeks.
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Over the past five-year period, the drop rate of yearbook sales for the company of the Healthcare sector was -25.00%. Company’s average yearly earnings per share was noted 22.72% at the time writing. With a float of $46.57 million, this company’s outstanding shares have now reached $97.38 million.
Considering the fact that the conglomerate employs 234 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 98.47%, operating margin of -586.63%, and the pretax margin is -568.39%.
Prime Medicine Inc (PRME) Insider Activity
A key investor’s attitude towards the stock of the Biotechnology industry is another important factor to consider. The insider ownership of Prime Medicine Inc is 61.20%, while institutional ownership is 39.39%. 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) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 22.72% per share during the next fiscal year.
Prime Medicine Inc (NASDAQ: PRME) Trading Performance Indicators
Check out the current performance indicators for Prime Medicine Inc (PRME). In the past quarter, the stock posted a quick ratio of 6.50. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 485.10.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.01, a number that is poised to hit -0.36 in the next quarter and is forecasted to reach -1.31 in one year’s time.
Technical Analysis of Prime Medicine Inc (PRME)
Compared to the last year’s volume of 0.99 million, its volume of 1.48 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 4.17%. Additionally, its Average True Range was 0.33.
During the past 100 days, Prime Medicine Inc’s (PRME) raw stochastic average was set at 0.97%, which indicates a significant decrease from 2.24% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 75.65% in the past 14 days, which was lower than the 83.25% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.87, while its 200-day Moving Average is $5.52. Nevertheless, the first resistance level for the watch stands at $3.33 in the near term. At $3.48, the stock is likely to face the second major resistance level. The third major resistance level sits at $3.57. If the price goes on to break the first support level at $3.09, it is likely to go to the next support level at $3.00. Should the price break the second support level, the third support level stands at $2.85.
Prime Medicine Inc (NASDAQ: PRME) Key Stats
There are currently 131,161K shares outstanding in the company with a market cap of 388.08 million. Presently, the company’s annual sales total 0 K according to its annual income of -198,130 K. Last quarter, the company’s sales amounted to 590 K and its income totaled -45,760 K.
