In the last trading session, 1.73 million shares of the Prime Medicine Inc (NASDAQ:PRME) were traded, and its beta was 2.18. Most recently the company’s share price was $3.65, and it changed around $0.14 or 3.99% from the last close, which brings the market valuation of the company to $438.11M. PRME currently trades at a discount to its 52-week high of $9.86, offering almost -170.14% off that amount. The share price’s 52-week low was $3.28, which indicates that the current value has risen by an impressive 10.14% since then. We note from Prime Medicine Inc’s average daily trading volume that its 10-day average is 4.75 million shares, with the 3-month average coming to 1.28 million.
Prime Medicine Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.33. If we narrow it down even further, the data shows that 0 out of 12 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 2 recommended PRME as a Hold, whereas 6 deemed it a Buy, and 0 rated it as Underweight.
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Prime Medicine Inc (NASDAQ:PRME) trade information
Instantly PRME has showed a green trend with a performance of 3.99% 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 3.92 on recent trading dayincreased the stock’s daily price by 6.89%. The company’s shares are currently down -58.80% year-to-date, but still down -5.68% over the last five days. On the other hand, Prime Medicine Inc (NASDAQ:PRME) is 2.82% up in the 30-day period. We can see from the shorts that 16.57 million shares have been sold at a short interest cover period of 31.16 day(s).
The consensus price target as assigned by Wall Street analysts is $17, which translates to bulls needing to increase their stock price by 78.53% from its current value. Analyst projections state that PRME is forecast to be at a low of $12 and a high of $23.
Prime Medicine Inc (PRME) estimates and forecasts
Prime 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 -40.16 percent over the past six months and at a 12.81% annual growth rate that is well below the industry average of 17.60%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -193.88%.
PRME Dividends
Prime Medicine Inc’s next quarterly earnings report is expected to be released in November.
Prime Medicine Inc (NASDAQ:PRME)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 26.12% of Prime Medicine Inc shares, and 68.11% of them are in the hands of institutional investors. The stock currently has a share float of 92.20%.
