In last trading session, Precision BioSciences Inc. (NASDAQ:DTIL) saw 1.58 million shares changing hands with its beta currently measuring 1.46. Company’s recent per share price level of $1.27 trading at -$0.09 or -6.62% at ring of the bell on the day assigns it a market valuation of $152.73M. That closing price of DTIL’s stock is at a discount of -962.2% from its 52-week high price of $13.49 and is indicating a premium of 12.6% from its 52-week low price of $1.11. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.15 million shares which gives us an average trading volume of 3.18 million if we extend that period to 3-months.
Precision BioSciences Inc. (NASDAQ:DTIL) trade information
Upright in the red during last session for losing -6.62%, in the last five days DTIL remained trading in the red while hitting it’s week-highest on Friday, 09/16/22 when the stock touched $1.27 price level, adding 22.56% to its value on the day. Precision BioSciences Inc.’s shares saw a change of -82.84% in year-to-date performance and have moved -23.03% in past 5-day. Precision BioSciences Inc. (NASDAQ:DTIL) showed a performance of -22.56% in past 30-days. Number of shares sold short was 1.94 million shares which calculate 0.28 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $8.22 to the stock, which implies a rise of 84.55% to its current value. Analysts have been projecting $2.00 as a low price target for the stock while placing it at a high target of $20.00. It follows that stock’s current price would drop -1474.8% in reaching the projected high whereas dropping to the targeted low would mean a loss of -57.48% for stock’s current value.
Precision BioSciences Inc. (DTIL) estimates and forecasts
Statistics highlight that Precision BioSciences Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -60.44% of value to its shares in past 6 months, showing an annual growth rate of -211.54% while that of industry is 1.80. Apart from that, the company came lowering its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to decrease by -213.90% in the current quarter and calculating -105.30% decrease in the next quarter. This year revenue growth is estimated to fall -82.70% from the last financial year’s standing.
6 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $4.97 million for the same. And 6 analysts are in estimates of company making revenue of $5.59 million in the next quarter that will end on Sep 2022. Company posted $13.86 million and $24.04 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -64.10% while estimating it to be -76.70% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -25.40% during past 5 years.
Precision BioSciences Inc. is more likely to be releasing its next quarterly report between March 16 and March 21 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Precision BioSciences Inc. (NASDAQ:DTIL)’s Major holders
Insiders are in possession of 19.28% of company’s total shares while institution are holding 38.48 percent of that, with stock having share float percentage of 47.67%. Investors also watch the number of corporate investors in a company very closely, which is 38.48% institutions for Precision BioSciences Inc. that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at DTIL for having 4.57 million shares of worth $14.07 million. And as of Mar 30, 2022, it was holding 7.34% of the company’s outstanding shares.
The second largest institutional holder is Capital World Investors, which was holding about 4.27 million shares on Mar 30, 2022. The number of shares represents firm’s hold over 6.87% of outstanding shares, having a total worth of $13.15 million.
On the other hand, Smallcap World Fund and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Mar 30, 2022, the former fund manager was holding 4.27 million shares of worth $13.15 million or 6.87% of the total outstanding shares. The later fund manager was in possession of 1.26 million shares on Mar 30, 2022, making its stake of worth around $3.89 million in the company or a holder of 2.03% of company’s stock.