Investor’s Delight: Editas Medicine Inc (EDIT) Closes Strong at 5.11, Up 1.39

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The closing price of Editas Medicine Inc (NASDAQ: EDIT) was $5.11 for the day, up 1.39% from the previous closing price of $5.04. In other words, the price has increased by $1.39 from its previous closing price. On the day, 9.04 million shares were traded. EDIT stock price reached its highest trading level at $5.225 during the session, while it also had its lowest trading level at $4.99.

Ratios:

Our analysis of EDIT’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 4.60 and its Current Ratio is at 4.60. In the meantime, Its Debt-to-Equity ratio is 0.12 whereas as Long-Term Debt/Eq ratio is at 0.07.

On October 24, 2023, Citigroup Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $11.

JP Morgan Upgraded its Underweight to Neutral on October 18, 2023, while the target price for the stock was maintained at $8.

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 Jun 04 ’24 when O’Neill Gilmore Neil sold 12,191 shares for $5.50 per share. The transaction valued at 66,997 led to the insider holds 315,279 shares of the business.

Mei Baisong sold 511 shares of EDIT for $2,808 on Jun 04 ’24. The EVP, CHIEF MEDICAL OFFICER now owns 141,032 shares after completing the transaction at $5.50 per share. On May 20 ’24, another insider, Lucera Erick, who serves as the EVP, CHIEF FINANCIAL OFFICER of the company, sold 22,337 shares for $5.61 each. As a result, the insider received 125,404 and left with 116,829 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 420236192 and an Enterprise Value of 158204048. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.05 while its Price-to-Book (P/B) ratio in mrq is 1.43. Its current Enterprise Value per Revenue stands at 2.279 whereas that against EBITDA is -0.882.

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 $4.82. The 50-Day Moving Average of the stock is -8.00%, while the 200-Day Moving Average is calculated to be -33.68%.

Shares Statistics:

EDIT traded an average of 1.92M shares per day over the past three months and 3199290 shares per day over the past ten days. A total of 81.77M shares are outstanding, with a floating share count of 81.53M. Insiders hold about 0.86% of the company’s shares, while institutions hold 83.95% stake in the company. Shares short for EDIT as of 1715731200 were 20761625 with a Short Ratio of 11.46, compared to 1713139200 on 18758847. Therefore, it implies a Short% of Shares Outstanding of 20761625 and a Short% of Float of 32.009998.

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