Prelude Therapeutics Inc (NASDAQ:PRLD)’s traded shares stood at 0.3 million during the last session, with the company’s beta value hitting 1.48. At the close of trading, the stock’s price was $0.95, to imply an increase of 1.90% or $0.01 in intraday trading. The PRLD share’s 52-week high remains $6.80, putting it -615.79% down since that peak but still an impressive 3.16% since price per share fell to its 52-week low of $0.92. The company has a valuation of $53.51M, with an average of 0.33 million shares in intraday trading volume over the past 10 days and average of 368.25K shares over the past 3 months.
Analysts have given a consensus recommendation of Sell for Prelude Therapeutics Inc (PRLD), translating to a mean rating of 3.00. Of 2 analyst(s) looking at the stock, 2 analyst(s) give PRLD a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 0 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 -0.47.
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Prelude Therapeutics Inc (NASDAQ:PRLD) trade information
After registering a 1.90% upside in the last session, Prelude Therapeutics Inc (PRLD) has traded red over the past five days. The 5-day price performance for the stock is -9.12%, and -27.71% over 30 days. With these gigs, the year-to-date price performance is -77.65%. Short interest in Prelude Therapeutics Inc (NASDAQ:PRLD) saw shorts transact 2.9 million shares and set a 7.43 days time to cover.
The extremes give us $3 and $5 for target low and target high price respectively. As such, PRLD has been trading -426.32% off suggested target high and -215.79% from its likely low.
Prelude Therapeutics Inc (PRLD) estimates and forecasts
Looking at statistics comparing Prelude Therapeutics Inc share performance against respective industry, we note that the company has underperformed competitors. Prelude Therapeutics Inc (PRLD) shares are -74.55% down over the last 6 months, with its year-to-date growth rate lower than industry average at 9.90% against 16.60%.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -43.14% for the past 5-year period. While 2024 is set for a 11.63% return in earnings, projections for the next 5 years are at 30.10% annually.
PRLD Dividends
Prelude Therapeutics Inc has its next earnings report out in January. 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.
Prelude Therapeutics Inc (NASDAQ:PRLD)’s Major holders
Prelude Therapeutics Inc insiders hold 9.06% of total outstanding shares, with institutional holders owning 85.82% of the shares at 94.38% float percentage. In total, 85.82% institutions holds shares in the company, led by ORBIMED ADVISORS LLC. As of 2024-06-30, the company held over 10.91 million shares (or 14.4043% of shares), all amounting to roughly $41.56 million.
The next major institution holding the largest number of shares is BAKER BROS. ADVISORS LP with 10.12 million shares, or about 13.3673% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $38.57 million.
