Editas Medicine Inc (NASDAQ: EDIT) kicked off on Monday, down -5.26% from the previous trading day, before settling in for the closing price of $2.66. Over the past 52 weeks, EDIT has traded in a range of $2.59-$11.69.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Healthcare sector was 101.57%. While this was happening, its average annual earnings per share was recorded -31.06%. With a float of $81.77 million, this company’s outstanding shares have now reached $82.55 million.
Considering the fact that the conglomerate employs 265 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 90.46%, operating margin of -370.03%, and the pretax margin is -340.96%.
Editas Medicine Inc (EDIT) Breakdown of a Key Holders of the stock
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 67.87%. 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
According to the Wall Street analysts, stocks earnings will be around -31.06% 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 3.75. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.23.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.56, a number that is poised to hit -0.33 in the next quarter and is forecasted to reach -2.27 in one year’s time.
Technical Analysis of Editas Medicine Inc (EDIT)
Compared to the last year’s volume of 1.93 million, its volume of 1.81 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 6.59%. Additionally, its Average True Range was 0.23.
During the past 100 days, Editas Medicine Inc’s (EDIT) raw stochastic average was set at 0.28%, which indicates a significant decrease from 1.12% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 70.93% in the past 14 days, which was higher than the 69.29% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.31, while its 200-day Moving Average is $5.29. Nevertheless, the first resistance level for the watch stands at $2.64 in the near term. At $2.75, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.82. If the price goes on to break the first support level at $2.46, it is likely to go to the next support level at $2.39. Now, if the price goes above the second support level, the third support stands at $2.28.
Editas Medicine Inc (NASDAQ: EDIT) Key Stats
The company with the Market Capitalisation of 199.76 million has total of 82,548K 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 60 K and last quarter income was -62,140 K.
