On Friday, Prime Medicine Inc (NASDAQ: PRME) was -3.37% drop from the session before settling in for the closing price of $3.26. A 52-week range for PRME has been $2.56 – $9.77.
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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 26.60%. With a float of $50.89 million, this company’s outstanding shares have now reached $131.16 million.
In an organization with 234 employees, it is important to assess its efficiency. 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 and Institutional Ownership
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 61.20%, while institutional ownership is 36.18%. 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) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.27 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 26.60% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 20.17% during the next five years compared to -193.88% drop over the previous five years of trading.
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 6.50. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 516.45.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.01, a number that is poised to hit -0.38 in the next quarter and is forecasted to reach -1.22 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 0.87 million. That was better than the volume of 0.86 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 84.88%. Additionally, its Average True Range was 0.24.
During the past 100 days, Prime Medicine Inc’s (PRME) raw stochastic average was set at 23.98%, which indicates a significant decrease from 54.17% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 81.59% in the past 14 days, which was lower than the 81.75% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.14, while its 200-day Moving Average is $4.56. However, in the short run, Prime Medicine Inc’s stock first resistance to watch stands at $3.28. Second resistance stands at $3.42. The third major resistance level sits at $3.49. If the price goes on to break the first support level at $3.07, it is likely to go to the next support level at $3.00. The third support level lies at $2.86 if the price breaches the second support level.
Prime Medicine Inc (NASDAQ: PRME) Key Stats
There are 131,161K outstanding shares of the company, which has a market capitalization of 413.16 million. As of now, sales total 0 K while income totals -198,130 K. Its latest quarter income was 210 K while its last quarter net income were -52,520 K.
