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In the latest session, Beam Therapeutics Inc (NASDAQ: BEAM) closed at $22.35 up 3.71% from its previous closing price of $21.55. In other words, the price has increased by $3.71 from its previous closing price. On the day, 0.57 million shares were traded. BEAM stock price reached its highest trading level at $22.74 during the session, while it also had its lowest trading level at $21.6879.
Ratios:
For a deeper understanding of Beam Therapeutics Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 5.81 and its Current Ratio is at 5.81. In the meantime, Its Debt-to-Equity ratio is 0.19 whereas as Long-Term Debt/Eq ratio is at 0.18.
On July 23, 2024, H.C. Wainwright started tracking the stock assigning a Buy rating and target price of $80.
JP Morgan Upgraded its Neutral to Overweight on January 29, 2024, whereas the target price for the stock was revised from $38 to $40.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Oct 14 ’24 when Ciaramella Giuseppe sold 51,110 shares for $26.27 per share. The transaction valued at 1,342,752 led to the insider holds 160,260 shares of the business.
Giuseppe Ciaramella bought 102,220 shares of BEAM for $2,519,723 on Oct 14 ’24. On Oct 07 ’24, another insider, Burrell Terry-Ann, who serves as the Officer of the company, bought 185,565 shares for $23.00 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BEAM now has a Market Capitalization of 1841988736 and an Enterprise Value of 924002112. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.22 while its Price-to-Book (P/B) ratio in mrq is 2.16. Its current Enterprise Value per Revenue stands at 2.621 whereas that against EBITDA is -5.673.
Stock Price History:
Over the past 52 weeks, BEAM has reached a high of $49.50, while it has fallen to a 52-week low of $18.18. The 50-Day Moving Average of the stock is -8.90%, while the 200-Day Moving Average is calculated to be -16.60%.
Shares Statistics:
For the past three months, BEAM has traded an average of 862.06K shares per day and 1198590 over the past ten days. A total of 81.63M shares are outstanding, with a floating share count of 71.66M. Insiders hold about 13.05% of the company’s shares, while institutions hold 81.50% stake in the company. Shares short for BEAM as of 1728950400 were 11160201 with a Short Ratio of 12.95, compared to 1726185600 on 10963771. Therefore, it implies a Short% of Shares Outstanding of 11160201 and a Short% of Float of 17.740000000000002.
Earnings Estimates
Its stock is currently analyzed by 16.0 different market analysts. The consensus estimate for the next quarter is -$1.22, with high estimates of -$0.94 and low estimates of -$1.59.
Analysts are recommending an EPS of between -$4.19 and -$5.08 for the fiscal current year, implying an average EPS of -$4.67. EPS for the following year is -$4.64, with 17.0 analysts recommending between -$3.48 and -$5.49.
Revenue Estimates
For the next quarter, 16 analysts are estimating revenue of $14.29M. There is a high estimate of $28M for the next quarter, whereas the lowest estimate is $5M.
A total of 16 analysts have provided revenue estimates for BEAM’s current fiscal year. The highest revenue estimate was $75M, while the lowest revenue estimate was $29.2M, resulting in an average revenue estimate of $48.81M. In the same quarter a year ago, actual revenue was $377.71M
