In last trading session, Beam Therapeutics Inc (NASDAQ:BEAM) saw 0.6 million shares changing hands with its beta currently measuring 1.88. Company’s recent per share price level of $24.43 trading at -$0.43 or -1.73% at ring of the bell on the day assigns it a market valuation of $2.01B. That closing price of BEAM’s stock is at a discount of -102.62% from its 52-week high price of $49.50 and is indicating a premium of 30.62% from its 52-week low price of $16.95. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.83 million shares which gives us an average trading volume of 1.27 million if we extend that period to 3-months.
For Beam Therapeutics Inc (BEAM), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.88. Splitting up the data highlights that, out of 6 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -1.17 in the current quarter.
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Beam Therapeutics Inc (NASDAQ:BEAM) trade information
Upright in the red during last session for losing -1.73%, in the last five days BEAM remained trading in the red while hitting it’s week-highest on Thursday, 08/15/24 when the stock touched $24.43 price level, adding 2.71% to its value on the day. Beam Therapeutics Inc’s shares saw a change of -10.25% in year-to-date performance and have moved -0.12% in past 5-day. Beam Therapeutics Inc (NASDAQ:BEAM) showed a performance of -4.05% in past 30-days. Number of shares sold short was 11.62 million shares which calculate 8.71 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 62 to the stock, which implies a rise of 60.6% to its current value. Analysts have been projecting 62 as a low price target for the stock while placing it at a high target of 66. It follows that stock’s current price would drop -153.79% in reaching the projected high whereas dropping to the targeted low would mean a loss of -153.79% for stock’s current value.
Beam Therapeutics Inc (BEAM) estimates and forecasts
Statistics highlight that Beam Therapeutics Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -26.01% of value to its shares in past 6 months, showing an annual growth rate of -169.77% while that of industry is 17.60. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -87.00% from the last financial year’s standing.
13 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 14.66M for the same. And 12 analysts are in estimates of company making revenue of 14.24M in 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 5.58% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -172.57% while estimates for its earnings growth in next 5 years are of -3.70%.
Beam Therapeutics Inc (NASDAQ:BEAM)’s Major holders
Insiders are in possession of 1.44% of company’s total shares while institution are holding 93.35 percent of that, with stock having share float percentage of 94.71%. Investors also watch the number of corporate investors in a company very closely, which is 93.35% institutions for Beam Therapeutics Inc that are currently holding shares of the company. ARK INVESTMENT MANAGEMENT LLC is the top institutional holder at BEAM for having 8.18 million shares of worth $270.34 million. And as of 2024-03-31, it was holding 10.6053 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 7.58 million shares on 2024-03-31. The number of shares represents firm’s hold over 9.8232 of outstanding shares, having a total worth of $250.4 million.
On the other hand, ARK ETF Tr-ARK Innovation ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jul 31, 2024 , the former fund manager was holding 4.93 shares of worth $120.42 million or 5.98% of the total outstanding shares. The later fund manager was in possession of 2.31 shares on Mar 31, 2024 , making its stake of worth around $56.4 million in the company or a holder of 2.80% of company’s stock.
