Editas Medicine Inc. (NASDAQ:EDIT) saw an upside of 2.43% to close Tuesday at $37.53 after adding $0.89 on the day. The 5-day average trading volume is 2,044,580 shares of the company’s common stock. It has gained $40.18 in the past week. An average of 2,243,030 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,005,856.
EDIT’s 1-month performance is -40.39% or -$28.57 on its low of $34.38 reached on 10/08/21. The company’s shares have touched a 52-week low of $27.12 and high of $99.95, with the stock’s rally to the 52-week high happening on 01/08/21. YTD, EDIT has lost -46.47% or -$32.58. However, the current price is down -62.45%% from the 52-week high price.
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On Aug 09, 65 days have gone by since the last insider trading activity for Editas Medicine Inc. (EDIT). ROBERTSON MICHELLE (Chief Financial Officer) most recently sold 2,500 shares at $60.00 per share on Aug 09. This transaction cost the insider $150,000. CEO, Collins Cynthia, sold 1,262 shares at a price of $66.65 on Feb 09. Then, on Jan 12, Chief Financial Officer ROBERTSON MICHELLE sold 1,568 shares at a price of $78.27 per share. This transaction amounted to $122,727.
Editas Medicine Inc. (EDIT) has a trailing price-to-earnings (P/E) ratio of 34.65 for the broader industry and 32.19 for the sector.EDIT stock has a beta of 2.08. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 34.62 while the price-to-book (PB) in the most recent quarter is 4.15.
Editas Medicine Inc.’s quick ratio for the period ended June 29 was 9.30, with the current ratio over the same period at 9.30 meaning that EDIT stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.00, while the total debt to equity was 0.00The trailing 12-month EBITDA margin is -144.25%. The firm’s gross profit as reported stood at $225.57 million against revenue of $90.73 million.
For the quarterly period ending June 29 this year, Editas Medicine Inc.’s cash and short-term investments amounted to $272.72 million against total debt of $30.26 million. Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -2728.95% to $0.38 million, while revenue of $6.5 million was -1610.53% off the previous quarter. Analysts expected EDIT to announce -$0.83 per share in earnings in its latest quarter, but it posted -$0.81, representing a 2.40% surprise. EBITDA for the quarter stood at more than -$54.21 million. EDIT stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 142.52 million, with total debt at $30.26 million. Shareholders hold equity totaling $68.26 million
Let’s look briefly at Editas Medicine Inc. (EDIT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 28.49% to suggest the stock is trending oversold, with historical volatility in this time period at 68.36%.
The stock’s 5-day moving average is $37.27, reflecting a -1.83% or -$0.70 change from its current price. EDIT is currently trading -38.26% above its 20-day SMA, +9.80% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -9.65% and -55.07% respectively.
Stochastic %K and %D was 7.90% and 6.63% and the average true range (ATR) pointed at 3.39. The RSI (14) points at 30.82%, while the 14-day stochastic is at 11.24% with the period’s ATR at 3.63. The stock’s 9-day MACD Oscillator is pointing at -1.50 and -7.44 on the 14-day charts.
In the most recent analyst report for Editas Medicine Inc. (NASDAQ: EDIT), Stifel launched coverage with a Hold rating. Analysts offering their rating for EDIT stock have a consensus rating for the stock as Overweight. Currently, 3 brokerage advisors rate EDIT as a “sell,”, while 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 7 have offered a “buy” rating.
What is EDIT’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $19.00 and a high of $81.00, with their median price target at $46.00. Looking at these predictions, the average price target given by analysts is for Editas Medicine Inc. (EDIT) stock is $53.08.