How Is Editas Medicine Inc. (EDIT)’s Price-To-Earnings Ratio?

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As of Wednesday close, Editas Medicine Inc.’s (NASDAQ:EDIT) stock was down -$0.13, moving down -0.91 percent to $14.68. The average number of shares traded per day over the past five days has been 1,639,000 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.17 fall in that time frame. In the last twenty days, the average volume was 1,516,305, while in the previous 50 days, it was 1,634,434.

Since last month, EDIT stock retreated -20.48%. Shares of the company fell to $14.10 on 09/01/22, the lowest level in the past month. A 52-week high of $64.03 was reached on 01/03/22 after having rallying from a 52-week low of $9.59. Since the beginning of this year, EDIT’s stock price has dropped by -44.71% or -$11.87, and marked a new high 1 time. However, the stock has declined by -77.07% since its 52-week high.


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Editas Medicine Inc. (EDIT) last reported insider trading activity 9 days ago on Sep 06. ROBERTSON MICHELLE, the EVP, CHIEF FINANCIAL OFFICER of the company, disposed of 192 shares for $15.01 on Sep 06. It resulted in a $2,882 divestment by the insider. Eaton Bruce sold 101 shares at an average price of $15.01 on Sep 06. The insider now owns 65,027 shares following the transaction. On Aug 09, EVP, CHIEF BUSINESS OFFICER Eaton Bruce sold 293 shares at $18.60 apiece. The transaction was valued at $5,449.

Valuation Metrics

The stock’s beta is 2.03. Besides these, the trailing price-to-sales (P/S) ratio of 31.41, the price-to-book (PB) ratio of 2.17.

Financial Health

In the three months ended June 29, Editas Medicine Inc.’s quick ratio stood at 12.70, while its current ratio was 12.70, showing that the company is able to pay off its debt. Based on annual data, EDIT earned $218.69 million in gross profit and brought in $25.54 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -34.90%. Return on equity (ROE) for the past 12 months was -34.80%.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. EDIT’s revenue rose 94.03% to $6.77 million during the quarter, while net income inched up to $6.36 million. While analysts expected Editas Medicine Inc. to report -$0.82 quarterly earnings, the actual figure was -$0.78 per share, beating the consensus estimate by 4.90%. During the quarter, the company generated -$52.64 million in EBITDA. The liabilities of Editas Medicine Inc. were 115.42 million at the end of its most recent quarter ended June 29, and its total debt was $20.26 million. The value of shareholders’ equity is $68.74 million.

Technical Picture

This quick technical analysis looks at Editas Medicine Inc.’s (EDIT) price momentum. With a historical volatility rate of 79.80%, the RSI 9-day stood at 41.01% on 14 September.

With respect to its five-day moving average, the current Editas Medicine Inc. price is down by -7.38% percent or -$1.17. At present, EDIT shares trade -15.34% below its 20-day simple moving average and +2.16% percent above its 100-day simple moving average. However, the stock is currently trading approximately +0.89% above its SMA50 and -54.65% below its SMA200.

Stochastic coefficient K was 42.30% and Stochastic coefficient D was 58.61%, while ATR was 1.07. Given the Stochastic reading of 23.11% for the 14-day period, the RSI (14) reading has been calculated as 43.66%. As of today, the MACD Oscillator reading stands at -0.16, while the 14-day reading stands at -0.10.

Analyst Ratings

SVB Leerink launched its rating on Editas Medicine Inc. (NASDAQ: EDIT) to a Mkt perform in a note to investors on October 19, 2021. Editas Medicine Inc. (EDIT) has been rated Hold by analysts. According to 3 brokerage firms, EDIT is a sell, and 7 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Editas Medicine Inc. stock as buy, with 6 recommending it as overweight.

With a median target price of $27.50, the current consensus forecast for the stock is $8.00 – $80.00. Based on these forecasts, analysts predict Editas Medicine Inc. (EDIT) will achieve an average price target of $30.86.

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