Prime Medicine Inc (NASDAQ: PRME) on Friday, soared 2.85% from the previous trading day, before settling in for the closing price of $3.68. Within the past 52 weeks, PRME’s price has moved between $1.11 and $5.17.
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A company in the Healthcare sector has dropped its sales by -124.13% annually for the last half of the decade. The company achieved an average annual earnings per share of 26.60%. With a float of $63.94 million, this company’s outstanding shares have now reached $134.49 million.
In an organization with 214 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 77.52%, operating margin of -4116.57%, and the pretax margin is -4016.83%.
Prime Medicine Inc (PRME) Insider and Institutional Ownership
Observing investor behavior towards Biotechnology industry stocks is more important than anything else. The insider ownership of Prime Medicine Inc is 60.67%, while institutional ownership is 21.90%. The most recent insider transaction that took place on Aug 01 ’25, was worth 4,950,000. In this transaction 10% Owner of this company bought 1,500,000 shares at a rate of $3.30, taking the stock ownership to the 3,262,440 shares. Before that another transaction happened on Aug 01 ’25, when Company’s Director bought 3,030,300 for $3.30, making the entire transaction worth $9,999,990. This insider now owns 6,230,300 shares in total.
Prime Medicine Inc (PRME) Latest Financial update
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.44 earnings per share (EPS) for the period falling under the consensus outlook (set at -0.42) by -0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.18 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 20.61% during the next five years compared to -124.13% drop over the previous five years of trading.
Prime Medicine Inc (NASDAQ: PRME) Trading Performance Indicators
Prime Medicine Inc (PRME) is currently performing well based on its current performance indicators. A quick ratio of 3.56 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 135.98.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.60, a number that is poised to hit -0.26 in the next quarter and is forecasted to reach -0.90 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 4.75 million. That was better than the volume of 2.47 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 27.78%.
During the past 100 days, Prime Medicine Inc’s (PRME) raw stochastic average was set at 65.89%, which indicates a significant increase from 17.29% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.39 in the past 14 days, which was higher than the 0.27 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.05, while its 200-day Moving Average is $2.68. However, in the short run, Prime Medicine Inc’s stock first resistance to watch stands at $3.88. Second resistance stands at $3.98. The third major resistance level sits at $4.17. If the price goes on to break the first support level at $3.59, it is likely to go to the next support level at $3.40. The third support level lies at $3.30 if the price breaches the second support level.
Prime Medicine Inc (NASDAQ: PRME) Key Stats
Market capitalization of the company is 674.47 million based on 134,496K outstanding shares. Right now, sales total 2,980 K and income totals -195,880 K. The company made 1,450 K in profit during its latest quarter, and -51,890 K in sales during its previous quarter.
