Beam Therapeutics Inc (BEAM) Suffers From Weak Fundamental Momentum

ZM Stock

Beam Therapeutics Inc (NASDAQ:BEAM) has a beta value of 1.88 and has seen 0.57 million shares traded in the recent trading session. The company, currently valued at $2.00B, closed the recent trade at $24.24 per share which meant it lost -$0.16 on the day or -0.66% during that session. The BEAM stock price is -104.21% off its 52-week high price of $49.50 and 30.07% above the 52-week low of $16.95. The 3-month trading volume is 1.26 million shares.

Beam Therapeutics Inc (NASDAQ:BEAM) trade information

Sporting -0.66% in the red today, the stock has traded in the red over the last five days, when the BEAM stock price touched $24.24 or saw a rise of 3.46%. Year-to-date, Beam Therapeutics Inc shares have moved -10.95%, while the 5-day performance has seen it change -0.41%. Over the past 30 days, the shares of Beam Therapeutics Inc (NASDAQ:BEAM) have changed 14.02%.

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Beam Therapeutics Inc (BEAM) estimates and forecasts

Figures show that Beam Therapeutics Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -8.18% over the past 6 months, with this year growth rate of -172.09%, compared to 15.40% for the industry. Revenue growth from the last financial year stood is estimated to be -86.70%.

13 analysts offering their estimates for the company have set an average revenue estimate of 13.73M for the current quarter. 12 have an estimated revenue figure of 13.46M for the next ending quarter.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 5.58% over the past 5 years. Earnings growth for 2024 is a modest -176.27% while over the next 5 years, the company’s earnings are expected to decrease by -3.70%.

BEAM Dividends

Beam Therapeutics Inc is expected to release its next earnings report in July this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.