In the latest trading session, 1.14 million Editas Medicine Inc (NASDAQ:EDIT) shares changed hands as the company’s beta touched 1.99. With the company’s most recent per share price at $3.50 changing hands around $0.14 or 4.14% at last look, the market valuation stands at $288.60M. EDIT’s current price is a discount, trading about -234.0% off its 52-week high of $11.69. The share price had its 52-week low at $2.91, which suggests the last value was 16.86% up since then. When we look at Editas Medicine Inc’s average trading volume, we note the 10-day average is 1.67 million shares, with the 3-month average coming to 1.77 million.

Analysts gave the Editas Medicine Inc (EDIT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.05. If we narrow down to specifics, the data shows that 0 out of 9 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended EDIT as a Hold, 6 felt it is a Buy and 0 rated the stock as Underweight. Editas Medicine Inc’s EPS for the current quarter is expected to be -0.78.

Editas Medicine Inc (NASDAQ:EDIT) trade information

Instantly EDIT is in green as seen in intraday trades today. With action 7.99%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -65.46%, with the 5-day performance at 7.99% in the green. However, in the 30-day time frame, Editas Medicine Inc (NASDAQ:EDIT) is -7.19% down. Looking at the short shares, we see there were 16.74 million shares sold at short interest cover period of 8.23 days.

The consensus price target for the stock as assigned by Wall Street analysts is 13, meaning bulls need an upside of 73.08% from its recent market value. According to analyst projections, EDIT’s forecast low is 7 with 44 as the target high. To hit the forecast high, the stock’s price needs a -1157.14% plunge from its current level, while the stock would need to soar -100.0% for it to hit the projected low.

Editas Medicine Inc (EDIT) estimates and forecasts

Data shows that the Editas Medicine Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -37.52% over the past 6 months, a -47.52% in annual growth rate that is considerably lower than the industry average of 17.20%. Year-over-year growth is forecast to reach -62.70% down from the last financial year.

Consensus estimates given by 14 financial analysts project the company’s revenue in the current quarter to hit an average of 2.24M. 15 analysts are of the opinion that Editas Medicine Inc’s revenue for the current quarter will be 19.18M. The company’s revenue for the corresponding quarters a year ago was 5.34M and 60.05M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -58.00%. The estimates for the next quarter sales put growth at -68.10%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 2.88%. The 2024 estimates are for Editas Medicine Inc earnings to decrease by -44.70%, but the outlook for the next 5-year period is at 1.70% per year.

EDIT Dividends

Editas Medicine Inc is expected to release its next quarterly earnings report on 2024-Nov-01.

Editas Medicine Inc (NASDAQ:EDIT)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 0.32% of Editas Medicine Inc shares while 69.00% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 69.22%. There are 69.00% institutions holding the Editas Medicine Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 9.8032% of the shares, roughly 8.03 million EDIT shares worth $37.51 million.

BLACKROCK INC. holds the second largest percentage of outstanding shares, with 9.498% or 7.78 million shares worth $36.34 million as of 2024-06-30.