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The closing price of Editas Medicine Inc (NASDAQ: EDIT) was $2.24 for the day, up 1.82% from the previous closing price of $2.20. In other words, the price has increased by $1.82 from its previous closing price. On the day, 1.4 million shares were traded. EDIT stock price reached its highest trading level at $2.28 during the session, while it also had its lowest trading level at $2.205.
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 3.75 and its Current Ratio is at 3.75. In the meantime, Its Debt-to-Equity ratio is 0.22 whereas as Long-Term Debt/Eq ratio is at 0.13.
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 November 25, 2024, Downgraded its rating to Underperform and sets its target price to $1 from $13 previously.
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 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 184907728 and an Enterprise Value of -41692260. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.05 while its Price-to-Book (P/B) ratio in mrq is 1.05. Its current Enterprise Value per Revenue stands at -0.675 whereas that against EBITDA is 0.187.
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 $2.13. The 50-Day Moving Average of the stock is -27.09%, while the 200-Day Moving Average is calculated to be -55.92%.
Shares Statistics:
EDIT traded an average of 2.15M shares per day over the past three months and 2661480 shares per day over the past ten days. A total of 82.55M shares are outstanding, with a floating share count of 81.77M. Insiders hold about 0.94% of the company’s shares, while institutions hold 67.86% stake in the company. Shares short for EDIT as of 1731628800 were 15905551 with a Short Ratio of 7.40, compared to 1728950400 on 18332613. Therefore, it implies a Short% of Shares Outstanding of 15905551 and a Short% of Float of 24.4.
