In the last trading session, 1.04 million Beam Therapeutics Inc (NASDAQ:BEAM) shares changed hands as the company’s beta touched 1.90. With the company’s per share price at $28.30 changed hands at $0.93 or 3.38% during last session, the market valuation stood at $2.36B. BEAM’s last price was a discount, traded about -74.91% off its 52-week high of $49.50. The share price had its 52-week low at $20.84, which suggests the last value was 26.36% up since then. When we look at Beam Therapeutics Inc’s average trading volume, we note the 10-day average is 1.13 million shares, with the 3-month average coming to 978.00K.
Analysts gave the Beam Therapeutics Inc (BEAM) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.89. If we narrow down to specifics, the data shows that 0 out of 6 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended BEAM as a Hold, 4 felt it is a Buy and 0 rated the stock as Underweight.
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Beam Therapeutics Inc (NASDAQ:BEAM) trade information
Instantly BEAM was in green as seen at the end of in last trading. With action 12.95%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 3.95%, with the 5-day performance at 12.95% in the green. However, in the 30-day time frame, Beam Therapeutics Inc (NASDAQ:BEAM) is 29.14% up. Looking at the short shares, we see there were 11.97 million shares sold at short interest cover period of 9.35 days.
The consensus price target for the stock as assigned by Wall Street analysts is 62, meaning bulls need an upside of 54.35% from its current market value. According to analyst projections, BEAM’s forecast low is 39 with 69 as the target high. To hit the forecast high, the stock’s price needs a -143.82% plunge from its current level, while the stock would need to soar -37.81% for it to hit the projected low.
Beam Therapeutics Inc (BEAM) estimates and forecasts
Data shows that the Beam Therapeutics 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 16.06% over the past 6 months, a -170.93% in annual growth rate that is considerably lower than the industry average of 17.70%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 5.58%. The 2024 estimates are for Beam Therapeutics Inc earnings to decrease by -174.30%, but the outlook for the next 5-year period is at -3.70% per year.
BEAM Dividends
Beam Therapeutics Inc is expected to release its next quarterly earnings report in January.
Beam Therapeutics Inc (NASDAQ:BEAM)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.41% of Beam Therapeutics Inc shares while 93.12% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 94.46%. There are 93.12% institutions holding the Beam Therapeutics Inc stock share, with FARALLON CAPITAL MANAGEMENT LLC the top institutional holder. As of 2024-06-30, the company held 9.6857% of the shares, roughly 7.91 million BEAM shares worth $185.4 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 9.6701% or 7.9 million shares worth $185.11 million as of 2024-06-30.
