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After finishing at $2.37 in the prior trading day, Editas Medicine Inc (NASDAQ: EDIT) closed at $2.44, up 2.95%. In other words, the price has increased by $2.95 from its previous closing price. On the day, 2.27 million shares were traded. EDIT stock price reached its highest trading level at $2.535 during the session, while it also had its lowest trading level at $2.335.
Ratios:
Our goal is to gain a better understanding of EDIT by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.75 and its Current Ratio is at 3.75. In the meantime, Its Debt-to-Equity ratio is 0.22 whereas as Long-Term Debt/Eq ratio is at 0.13.
BofA Securities Upgraded its Neutral to Buy on August 08, 2024, whereas the target price for the stock was revised from $13 to $15.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 04 ’24 when Mei Baisong sold 518 shares for $3.42 per share. The transaction valued at 1,774 led to the insider holds 133,895 shares of the business.
O’Neill Gilmore Neil sold 1,555 shares of EDIT for $5,325 on Sep 04 ’24. The CEO now owns 313,724 shares after completing the transaction at $3.42 per share. On Sep 03 ’24, another insider, O’Neill Gilmore Neil, who serves as the Officer of the company, bought 3,000 shares for $3.92 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, EDIT now has a Market Capitalization of 201417360 and an Enterprise Value of -25182638. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.36 while its Price-to-Book (P/B) ratio in mrq is 1.15. Its current Enterprise Value per Revenue stands at -0.408 whereas that against EBITDA is 0.113.
Stock Price History:
Over the past 52 weeks, EDIT has reached a high of $11.69, while it has fallen to a 52-week low of $2.30. The 50-Day Moving Average of the stock is -23.76%, while the 200-Day Moving Average is calculated to be -53.00%.
Shares Statistics:
The stock has traded on average 2.03M shares per day over the past 3-months and 2138600 shares per day over the last 10 days, according to various share statistics. A total of 82.55M shares are outstanding, with a floating share count of 81.77M. Insiders hold about 0.94% of the company’s shares, while institutions hold 67.85% stake in the company. Shares short for EDIT as of 1730332800 were 17239218 with a Short Ratio of 8.48, compared to 1727654400 on 16741192. Therefore, it implies a Short% of Shares Outstanding of 17239218 and a Short% of Float of 26.450002.
