Prime Medicine Inc (PRME) latest performance of -6.90% is not what was on cards

Prime Medicine Inc (NASDAQ: PRME) flaunted slowness of -6.90% at $2.97, before settling in for the price of $3.19 at the close. Taking a more long-term approach, PRME posted a 52-week range of $2.85-$9.86.

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The Healthcare sector firm’s twelve-monthly sales growth has been -25.00% for the last half of the decade. Meanwhile, its Annual Earning per share during the time was -193.88%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 22.41%. This publicly-traded company’s shares outstanding now amounts to $131.16 million, simultaneously with a float of $50.89 million. The organization now has a market capitalization sitting at $389.54 million. At the time of writing, stock’s 50-day Moving Average stood at $3.71, while the 200-day Moving Average is $5.28.

Prime Medicine Inc (PRME) Ownership Facts and Figures

Sometimes it is also beneficial to study the sentiment of large-scale investors towards the stock of the Prime Medicine Inc industry. Prime Medicine Inc’s current insider ownership accounts for 61.20%, in contrast to 36.06% institutional ownership. According to the most recent insider trade that took place on Feb 15 ’24, this organization’s Director bought 3,200,000 shares at the rate of 6.25, making the entire transaction reach 20,000,000 in total value, affecting insider ownership by 3,200,000. Preceding that transaction, on Feb 15 ’24, Company’s 10% Owner bought 3,200,000 for 6.25, making the whole transaction’s value amount to 20,000,000. This particular insider is now the holder of 3,200,000 in total.

Prime Medicine Inc (PRME) Earnings and Revenue Records

Prime Medicine Inc’s EPS increase for this current 12-month fiscal period is 22.41% and is forecasted to reach -1.32 in the upcoming year.

Prime Medicine Inc (NASDAQ: PRME) Trading Performance Indicators

Let’s observe the current performance indicators for Prime Medicine Inc (PRME). It’s Quick Ratio in the last reported quarter now stands at 6.50. The Stock has managed to achieve an average true range (ATR) of 0.27. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 486.93.

In the same vein, PRME’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -2.01, a figure that is expected to reach -0.40 in the next quarter, and analysts are predicting that it will be -1.32 at the market close of one year from today.

Technical Analysis of Prime Medicine Inc (PRME)

Now, what If we examine the latest scores posted by [Prime Medicine Inc, PRME]. During the last 5-days, its volume was better the volume of 0.99 million it reported in year-ago period. During the previous 9 days, stock’s Stochastic %D was recorded 31.82% While, its Average True Range was 0.25.

Raw Stochastic average of Prime Medicine Inc (PRME) in the period of the previous 100 days is set at 3.18%, which indicates a major fall in contrast to 15.79% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 76.74% that was lower than 80.69% volatility it exhibited in the past 100-days period.