Prime Medicine Inc (NASDAQ:PRME) has a beta value of 2.20 and has seen 1.01 million shares traded in the last trading session. The company, currently valued at $432.11M, closed the last trade at $3.60 per share which meant it lost -$0.23 on the day or -6.01% during that session. The PRME stock price is -219.72% off its 52-week high price of $11.51 and 3.61% above the 52-week low of $3.47. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.79 million shares traded. The 3-month trading volume is 739.85K shares.
The consensus among analysts is that Prime Medicine Inc (PRME) is Buy stock at the moment, with a recommendation rating of 1.33. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 5 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.45.
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Prime Medicine Inc (NASDAQ:PRME) trade information
Sporting -6.01% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the PRME stock price touched $3.60 or saw a rise of 14.89%. Year-to-date, Prime Medicine Inc shares have moved -59.37%, while the 5-day performance has seen it change -3.74%. Over the past 30 days, the shares of Prime Medicine Inc (NASDAQ:PRME) have changed -13.04%. Short interest in the company has seen 16.27 million shares shorted with days to cover at 29.05.
Wall Street analysts have a consensus price target for the stock at $17, which means that the shares’ value could jump 78.82% from current levels. The projected low price target is $12.0 while the price target rests at a high of $23.0. In that case, then, we find that the current price level is -538.89% off the targeted high while a plunge would see the stock gain -233.33% from current levels.
Prime Medicine Inc (PRME) estimates and forecasts
Figures show that Prime Medicine Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -48.05% over the past 6 months, with this year growth rate of 13.30%, compared to 17.30% for the industry.
10 analysts offering their estimates for the company have set an average revenue estimate of 2.33M for the current quarter. 9 have an estimated revenue figure of 620k 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 -193.88% over the past 5 years.
PRME Dividends
Prime Medicine Inc is expected to release its next earnings report in October this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Prime Medicine Inc (NASDAQ:PRME)’s Major holders
Insiders own 26.27% of the company shares, while shares held by institutions stand at 68.08% with a share float percentage of 92.34%. Investors are also buoyed by the number of investors in a company, with Prime Medicine Inc having a total of 170.0 institutions that hold shares in the company.
Also the top two Mutual Funds that are holding company’s shares are ARK ETF Tr-ARK Genomic Revolution ETF and ARK ETF Tr-ARK Innovation ETF . As of Aug 31, 2024 , the former fund manager holds about 2.30% shares in the company for having 2.76 shares of worth $9.94 million while later fund manager owns 2.54 shares of worth $9.16 million as of Aug 31, 2024 , which makes it owner of about 2.12% of company’s outstanding stock.
