In the last trading session, 0.58 million shares of the Editas Medicine Inc (NASDAQ:EDIT) were traded, and its beta was 2.01. Most recently the company’s share price was $4.61, and it changed around -$0.39 or -7.80% from the last close, which brings the market valuation of the company to $379.13M. EDIT currently trades at a discount to its 52-week high of $11.69, offering almost -153.58% off that amount. The share price’s 52-week low was $4.45, which indicates that the current value has risen by an impressive 3.47% since then. We note from Editas Medicine Inc’s average daily trading volume that its 10-day average is 1.44 million shares, with the 3-month average coming to 2.07 million.
Editas Medicine Inc stock received a consensus recommendation rating of Buy, based on a mean score of 2.22. If we narrow it down even further, the data shows that 0 out of 8 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 4 recommended EDIT as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight.
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Editas Medicine Inc (NASDAQ:EDIT) trade information
Instantly EDIT has showed a red trend with a performance of -7.80% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 5.70 on recent trading dayincreased the stock’s daily price by 19.12%. The company’s shares are currently down -54.49% year-to-date, but still down -14.63% over the last five days. On the other hand, Editas Medicine Inc (NASDAQ:EDIT) is 0.44% up in the 30-day period. We can see from the shorts that 15.79 million shares have been sold at a short interest cover period of 6.39 day(s).
The consensus price target as assigned by Wall Street analysts is $13.5, which translates to bulls needing to increase their stock price by 65.85% from its current value. Analyst projections state that EDIT is forecast to be at a low of $7 and a high of $44.
Editas Medicine Inc (EDIT) estimates and forecasts
Editas Medicine Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -35.16 percent over the past six months and at a -33.66% annual growth rate that is well below the industry average of 16.20%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 2.88%. Editas Medicine Inc earnings are expected to increase by -32.47% in 2024, but the outlook is positive 1.70% per year for the next five years.
Editas Medicine Inc (NASDAQ:EDIT)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.34% of Editas Medicine Inc shares, and 81.07% of them are in the hands of institutional investors. The stock currently has a share float of 81.35%. Editas Medicine Inc stock is held by 316.0 institutions, with STATE STREET CORP being the largest institutional investor. By 2024-03-31, it held 11.5317% of the shares, which is about 8.76 million shares worth $65.0 million.
VANGUARD GROUP INC, with 11.2625% or 8.56 million shares worth $63.48 million as of 2024-03-31, holds the second largest percentage of outstanding shares.
