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As of close of business last night, Editas Medicine Inc’s stock clocked out at $3.86, up 0.78% from its previous closing price of $3.83. In other words, the price has increased by $0.78 from its previous closing price. On the day, 3.12 million shares were traded. EDIT stock price reached its highest trading level at $4.02 during the session, while it also had its lowest trading level at $3.81.
Ratios:
To gain a deeper understanding of EDIT’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.85 and its Current Ratio is at 3.85. In the meantime, Its Debt-to-Equity ratio is 0.17 whereas as Long-Term Debt/Eq ratio is at 0.09.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BofA Securities on August 08, 2024, Upgraded its rating to Buy and sets its target price to $15 from $13 previously.
On May 09, 2024, Morgan Stanley Upgraded its rating to Equal-Weight which previously was Underweight but kept the price unchanged to $7.
Citigroup Upgraded its Neutral to Buy on October 24, 2023, while the target price for the stock was maintained at $11.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 318358880 and an Enterprise Value of 77945040. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.75 while its Price-to-Book (P/B) ratio in mrq is 1.37. Its current Enterprise Value per Revenue stands at 1.163 whereas that against EBITDA is -0.376.
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 $3.40. The 50-Day Moving Average of the stock is -13.78%, while the 200-Day Moving Average is calculated to be -42.27%.
Shares Statistics:
It appears that EDIT traded 1.85M shares on average per day over the past three months and 1715250 shares per day over the past ten days. A total of 81.77M shares are outstanding, with a floating share count of 81.70M. Insiders hold about 0.94% of the company’s shares, while institutions hold 69.52% stake in the company. Shares short for EDIT as of 1724976000 were 18005727 with a Short Ratio of 9.73, compared to 1722384000 on 16133636. Therefore, it implies a Short% of Shares Outstanding of 18005727 and a Short% of Float of 27.66.
