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The closing price of Beam Therapeutics Inc (NASDAQ: BEAM) was $23.93 for the day, down -1.77% from the previous closing price of $24.36. In other words, the price has decreased by -$1.77 from its previous closing price. On the day, 2.3 million shares were traded. BEAM stock price reached its highest trading level at $24.79 during the session, while it also had its lowest trading level at $21.46.
Ratios:
Our analysis of BEAM’s different ratios will help us gain a deeper understanding of the company. 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 0.21 whereas as Long-Term Debt/Eq ratio is at 0.19.
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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 2007645696 and an Enterprise Value of 1082907264. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.64 while its Price-to-Book (P/B) ratio in mrq is 2.31. Its current Enterprise Value per Revenue stands at 3.071 whereas that against EBITDA is -6.648.
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 $18.85. The 50-Day Moving Average of the stock is -1.20%, while the 200-Day Moving Average is calculated to be -10.55%.
Shares Statistics:
BEAM traded an average of 838.65K shares per day over the past three months and 1058500 shares per day 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 80.16% stake in the company. Shares short for BEAM as of 1728950400 were 11160201 with a Short Ratio of 13.31, compared to 1726185600 on 10963771. Therefore, it implies a Short% of Shares Outstanding of 11160201 and a Short% of Float of 17.740000000000002.
