A share price of Editas Medicine Inc [EDIT] is currently trading at $5.57, up 4.31%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The EDIT shares have gain 5.09% over the last week, with a monthly amount glided 12.07%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Editas Medicine Inc [NASDAQ: EDIT] stock has seen the most recent analyst activity on May 09, 2024, when Morgan Stanley upgraded its rating to a Equal-Weight but kept the price target unchanged to $7 for it. Previously, Citigroup upgraded its rating to Buy on October 24, 2023, and kept the price target unchanged to $11. On October 18, 2023, upgrade upgraded it’s rating to Neutral but maintained its price target of $8 on the stock. Cantor Fitzgerald downgraded its rating to a Neutral. Stifel upgraded its rating to a Buy and raised its price target to $17 on September 29, 2023. Raymond James upgraded its rating to Outperform for this stock on June 12, 2023, but kept the price target unchanged to $17. In a note dated February 01, 2023, Cantor Fitzgerald initiated an Overweight rating and provided a target price of $15 on this stock.
Editas Medicine Inc experienced fluctuations in its stock price throughout the past year between $4.45 and $11.69. Currently, Wall Street analysts expect the stock to reach $19.5 within the next 12 months. Editas Medicine Inc [NASDAQ: EDIT] shares were valued at $5.57 at the most recent close of the market. An investor can expect a potential return of 250.09% based on the average EDIT price forecast.
Analyzing the EDIT fundamentals
Trailing Twelve Months sales for Editas Medicine Inc [NASDAQ:EDIT] were 69.41M which represents -88.48% decline. Gross Profit Margin for this corporation currently stands at 0.91% with Operating Profit Margin at -2.59%, Pretax Profit Margin comes in at -2.39%, and Net Profit Margin reading is -2.39%. To continue investigating profitability, this company’s Return on Assets is posted at -0.38, Equity is -0.47 and Total Capital is -0.48. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.12.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 5.32 points at the first support level, and at 5.07 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.80, and for the 2nd resistance point, it is at 6.03.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Editas Medicine Inc [NASDAQ:EDIT] is 4.60. Further, the Quick Ratio stands at 4.60, while the Cash Ratio is 1.04. Considering the valuation of this stock, the price to sales ratio is 6.60, the price to book ratio is 1.56.
Transactions by insiders
Recent insider trading involved Mei Baisong, EVP, CHIEF MEDICAL OFFICER, that happened on Jul 19 ’24 when 6619.0 shares were sold. CEO, O’Neill Gilmore Neil completed a deal on Jun 04 ’24 to sell 12191.0 shares. Meanwhile, EVP, CHIEF MEDICAL OFFICER Mei Baisong sold 511.0 shares on Jun 04 ’24.
