Prime Medicine Inc (NASDAQ:PRME)’s traded shares stood at 1.2 million during the last session, with the company’s beta value hitting 2.17. At the close of trading, the stock’s price was $3.99, to imply a decrease of -10.54% or -$0.47 in intraday trading. The PRME share’s 52-week high remains $9.86, putting it -147.12% down since that peak but still an impressive 17.79% since price per share fell to its 52-week low of $3.28. The company has a valuation of $478.92M, with an average of 1.18 million shares in intraday trading volume over the past 10 days and average of 1.37 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Prime Medicine Inc (PRME), translating to a mean rating of 1.33. Of 5 analyst(s) looking at the stock, 0 analyst(s) give PRME a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 4 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.44.
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Prime Medicine Inc (NASDAQ:PRME) trade information
After registering a -10.54% downside in the last session, Prime Medicine Inc (PRME) has traded red over the past five days. The 5-day price performance for the stock is 0.76%, and 14.00% over 30 days. With these gigs, the year-to-date price performance is -54.97%. Short interest in Prime Medicine Inc (NASDAQ:PRME) saw shorts transact 16.72 million shares and set a 7.47 days time to cover.
The extremes give us $12 and $23 for target low and target high price respectively. As such, PRME has been trading -476.44% off suggested target high and -200.75% from its likely low.
Prime Medicine Inc (PRME) estimates and forecasts
Looking at statistics comparing Prime Medicine Inc share performance against respective industry, we note that the company has underperformed competitors. Prime Medicine Inc (PRME) shares are -15.11% down over the last 6 months, with its year-to-date growth rate lower than industry average at 13.79% against 17.40%. Revenue is forecast to grow 20.00% this quarter before jumping 37.50% for the next one.
Revenue forecast for the current quarter as set by 10 analysts is 7.83M. Meanwhile, for the current quarter, a total of 8 analyst(s) estimate revenue growth to 400k.
PRME Dividends
Prime Medicine Inc has its next earnings report out in November. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Prime Medicine Inc (NASDAQ:PRME)’s Major holders
Prime Medicine Inc insiders hold 26.12% of total outstanding shares, with institutional holders owning 68.10% of the shares at 92.18% float percentage. In total, 68.10% institutions holds shares in the company.
