Editas Medicine Inc [EDIT] stock is trading at $1.34, up 10.74%. 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 17.54% over the last week, with a monthly amount drifted -0.37%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Editas Medicine Inc [NASDAQ: EDIT] stock has seen the most recent analyst activity on December 16, 2024, when JP Morgan downgraded its rating to a Underweight. Previously, Truist downgraded its rating to Hold on December 13, 2024. On December 13, 2024, downgrade downgraded it’s rating to Hold and revised its price target to $3 on the stock. Chardan Capital Markets downgraded its rating to a Neutral. Wells Fargo downgraded its rating to a Equal Weight and reduced its price target to $4 on December 11, 2024. BofA Securities downgraded its rating to Underperform for this stock on November 25, 2024, and downed its price target to $1. In a note dated November 06, 2024, Evercore ISI upgraded an Outperform rating on this stock.
Editas Medicine Inc [EDIT] stock has fluctuated between $1.12 and $11.58 over the past year. Currently, Wall Street analysts expect the stock to reach $10.2 within the next 12 months. Editas Medicine Inc [NASDAQ: EDIT] shares were valued at $1.34 at the most recent close of the market. An investor can expect a potential return of 661.19% based on the average EDIT price forecast.
Analyzing the EDIT fundamentals
Editas Medicine Inc [NASDAQ:EDIT] reported sales of 61.76M for the trailing twelve months, which represents a drop of -98.86%. Gross Profit Margin for this corporation currently stands at 0.9% with Operating Profit Margin at -3.7%, Pretax Profit Margin comes in at -3.41%, and Net Profit Margin reading is -3.41%. To continue investigating profitability, this company’s Return on Assets is posted at -0.64, Equity is -0.8 and Total Capital is -0.9. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.22.
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 1.2233 points at the first support level, and at 1.1067 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.4233, and for the 2nd resistance point, it is at 1.5067.
Ratios To Look Out For
For context, Editas Medicine Inc’s Current Ratio is 3.75. Further, the Quick Ratio stands at 3.75, while the Cash Ratio is 1.32. Considering the valuation of this stock, the price to sales ratio is 1.79, the price to book ratio is 0.63.
Transactions by insiders
Recent insider trading involved O’Neill Gilmore Neil, CEO, that happened on Dec 03 ’24 when 1618.0 shares were sold. EVP, CHIEF MEDICAL OFFICER, Mei Baisong completed a deal on Dec 03 ’24 to sell 541.0 shares. Meanwhile, EVP, CHIEF MEDICAL OFFICER Mei Baisong sold 518.0 shares on Sep 04 ’24.
