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After finishing at $23.65 in the prior trading day, Beam Therapeutics Inc (NASDAQ: BEAM) closed at $23.15, down -2.11%. In other words, the price has decreased by -$2.11 from its previous closing price. On the day, 1.03 million shares were traded. BEAM stock price reached its highest trading level at $23.46 during the session, while it also had its lowest trading level at $22.69.
Ratios:
Our goal is to gain a better understanding of BEAM by taking a closer look at its different 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:
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 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 1907921152 and an Enterprise Value of 987247936. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.41 while its Price-to-Book (P/B) ratio in mrq is 2.23. Its current Enterprise Value per Revenue stands at 2.8 whereas that against EBITDA is -6.061.
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 $16.95. The 50-Day Moving Average of the stock is -6.43%, while the 200-Day Moving Average is calculated to be -14.00%.
Shares Statistics:
The stock has traded on average 928.99K shares per day over the past 3-months and 994530 shares per day over the last 10 days, according to various share statistics. A total of 81.63M shares are outstanding, with a floating share count of 71.66M. Insiders hold about 13.06% of the company’s shares, while institutions hold 81.49% stake in the company. Shares short for BEAM as of 1727654400 were 11356434 with a Short Ratio of 12.22, compared to 1724976000 on 11082269. Therefore, it implies a Short% of Shares Outstanding of 11356434 and a Short% of Float of 18.049999.
