Those determined to outshine the market strategically focus on the selection of individual stocks. Well-chosen stocks have the potential to substantially boost your wealth.
After finishing at $1.89 in the prior trading day, Editas Medicine Inc (NASDAQ: EDIT) closed at $1.44, down -23.81%. In other words, the price has decreased by -$23.81 from its previous closing price. On the day, 10.53 million shares were traded. EDIT stock price reached its highest trading level at $1.77 during the session, while it also had its lowest trading level at $1.41.
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.
On December 13, 2024, Stifel Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $11 to $3.
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 Dec 03 ’24 when O’Neill Gilmore Neil sold 1,618 shares for $2.08 per share. The transaction valued at 3,361 led to the insider holds 312,106 shares of the business.
Mei Baisong sold 541 shares of EDIT for $1,124 on Dec 03 ’24. The EVP, CHIEF MEDICAL OFFICER now owns 133,354 shares after completing the transaction at $2.08 per share. On Sep 04 ’24, another insider, Mei Baisong, who serves as the EVP, CHIEF MEDICAL OFFICER of the company, sold 518 shares for $3.42 each. As a result, the insider received 1,774 and left with 133,895 shares of the company.
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 118869264 and an Enterprise Value of -107730736. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.47 while its Price-to-Book (P/B) ratio in mrq is 0.68. Its current Enterprise Value per Revenue stands at -1.744 whereas that against EBITDA is 0.484.
Stock Price History:
Over the past 52 weeks, EDIT has reached a high of $11.58, while it has fallen to a 52-week low of $1.86. The 50-Day Moving Average of the stock is -48.21%, while the 200-Day Moving Average is calculated to be -69.68%.
Shares Statistics:
The stock has traded on average 2.29M shares per day over the past 3-months and 3346730 shares per day over the last 10 days, according to various share statistics. A total of 82.54M shares are outstanding, with a floating share count of 81.78M. Insiders hold about 0.93% of the company’s shares, while institutions hold 67.87% stake in the company. Shares short for EDIT as of 1732838400 were 16060625 with a Short Ratio of 7.01, compared to 1730332800 on 17239218. Therefore, it implies a Short% of Shares Outstanding of 16060625 and a Short% of Float of 24.64.
