During the last session, Beam Therapeutics Inc (NASDAQ:BEAM)’s traded shares were 1.02 million, with the beta value of the company hitting 1.90. At the end of the trading day, the stock’s price was $28.06, reflecting an intraday loss of -2.91% or -$0.84. The 52-week high for the BEAM share is $49.50, that puts it down -76.41 from that peak though still a striking 25.73% gain since the share price plummeted to a 52-week low of $20.84. The company’s market capitalization is $2.32B, and the average intraday trading volume over the past 10 days was 1.05 million shares, and the average trade volume was 1.05 million shares over the past three months.
Beam Therapeutics Inc (BEAM) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.89. BEAM has a Sell rating from 0 analyst(s) out of 6 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -1.28.
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Beam Therapeutics Inc (NASDAQ:BEAM) trade information
Beam Therapeutics Inc (BEAM) registered a -2.91% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -2.91% in intraday trading to $28.06, hitting a weekly high. The stock’s 5-day price performance is 10.82%, and it has moved by 0.43% in 30 days. Based on these gigs, the overall price performance for the year is 7.76%. The short interest in Beam Therapeutics Inc (NASDAQ:BEAM) is 10.68 million shares and it means that shorts have 8.86 day(s) to cover.
The consensus price target of analysts on Wall Street is $57, which implies an increase of 50.77% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $39 and $69 respectively. As a result, BEAM is trading at a discount of -145.9% off the target high and -38.99% off the low.
Beam Therapeutics Inc (BEAM) estimates and forecasts
Statistics show that Beam Therapeutics Inc has underperformed its competitors in share price, compared to the industry in which it operates. Beam Therapeutics Inc (BEAM) shares have gone up 11.17% during the last six months, with a year-to-date growth rate less than the industry average at -170.93% against 17.10. In the rating firms’ projections, revenue will decrease -86.54% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 15.55M as predicted by 13 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to 13.46M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 316.19M and 7.41M respectively. In this case, analysts expect current quarter sales to shrink by -95.08% and then jump by 81.67% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 5.58%. While earnings are projected to return -174.65% in 2024, the next five years will return -3.70% per annum.
BEAM Dividends
Beam Therapeutics Inc is due to release its next quarterly earnings in January. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Beam Therapeutics Inc (NASDAQ:BEAM)’s Major holders
Beam Therapeutics Inc insiders own 1.41% of total outstanding shares while institutional holders control 93.14%, with the float percentage being 94.48%. FARALLON CAPITAL MANAGEMENT LLC is the largest shareholder of the company, while 330.0 institutions own stock in it. As of 2024-06-30, the company held over 7.91 million shares (or 9.6857% of all shares), a total value of $185.4 million in shares.
The next largest institutional holding, with 7.9 million shares, is of VANGUARD GROUP INC’s that is approximately 9.6701% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $185.11 million.
