Beam Therapeutics Inc (NASDAQ:BEAM)’s traded shares stood at 2.26 million during the last session, with the company’s beta value hitting 1.88. At the close of trading, the stock’s price was $24.05, to imply a decrease of -8.59% or -$2.26 in intraday trading. The BEAM share’s 52-week high remains $49.50, putting it -105.82% down since that peak but still an impressive 13.35% since price per share fell to its 52-week low of $20.84. The company has a valuation of $1.99B, with an average of 1.39 million shares in intraday trading volume over the past 10 days and average of 911.69K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Beam Therapeutics Inc (BEAM), translating to a mean rating of 1.89. Of 6 analyst(s) looking at the stock, 0 analyst(s) give BEAM a Sell rating. 0 of those analysts rate the stock as Overweight while 2 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 -1.28.
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Beam Therapeutics Inc (NASDAQ:BEAM) trade information
After registering a -8.59% downside in the last session, Beam Therapeutics Inc (BEAM) has traded red over the past five days. The 5-day price performance for the stock is -11.12%, and -1.23% over 30 days. With these gigs, the year-to-date price performance is -11.65%. Short interest in Beam Therapeutics Inc (NASDAQ:BEAM) saw shorts transact 12.31 million shares and set a 13.0 days time to cover.
The extremes give us $39 and $69 for target low and target high price respectively. As such, BEAM has been trading -186.9% off suggested target high and -62.16% from its likely low.
Beam Therapeutics Inc (BEAM) estimates and forecasts
Looking at statistics comparing Beam Therapeutics Inc share performance against respective industry, we note that the company has underperformed competitors. Beam Therapeutics Inc (BEAM) shares are -2.32% down over the last 6 months, with its year-to-date growth rate lower than industry average at -170.93% against 17.70%. Revenue is forecast to shrink -173.83% this quarter before falling -5.62% for the next one. The rating firms project that company’s revenue will shrink -86.71% compared to the previous financial year.
Revenue forecast for the current quarter as set by 13 analysts is 15.12M. Meanwhile, for the current quarter, a total of 5 analyst(s) estimate revenue growth to 13.2M.Earnings reports from the last fiscal year show that sales brought in 316.19M and 7.41M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -95.22% before jumping 78.14% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 5.58% for the past 5-year period. While 2024 is set for a -174.30% return in earnings, projections for the next 5 years are at -3.70% annually.
BEAM Dividends
Beam Therapeutics Inc has its next earnings report out on 2025-Feb-25. 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.
Beam Therapeutics Inc (NASDAQ:BEAM)’s Major holders
Beam Therapeutics Inc insiders hold 1.41% of total outstanding shares, with institutional holders owning 93.32% of the shares at 94.66% float percentage. In total, 93.32% institutions holds shares in the company, led by FARALLON CAPITAL MANAGEMENT LLC. As of 2024-06-30, the company held over 7.91 million shares (or 9.6857% of shares), all amounting to roughly $185.4 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 7.9 million shares, or about 9.6701% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $185.11 million.
