During the last session, Beam Therapeutics Inc (NASDAQ:BEAM)’s traded shares were 1.74 million, with the beta value of the company hitting 2.36. At the end of the trading day, the stock’s price was $16.62, reflecting an intraday loss of -3.82% or -$0.66. The 52-week high for the BEAM share is $35.25, that puts it down -112.09 from that peak though still a striking 18.65% gain since the share price plummeted to a 52-week low of $13.52. The company’s market capitalization is $1.66B, and the average intraday trading volume over the past 10 days was 3.41 million shares, and the average trade volume was 2.07 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 1.39. 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 -1.17.
Beam Therapeutics Inc (NASDAQ:BEAM) trade information
Beam Therapeutics Inc (BEAM) registered a -3.82% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -3.82% in intraday trading to $16.62, hitting a weekly high. The stock’s 5-day price performance is 1.53%, and it has moved by -26.43% in 30 days. Based on these gigs, the overall price performance for the year is -35.33%. The short interest in Beam Therapeutics Inc (NASDAQ:BEAM) is 14.74 million shares and it means that shorts have 6.02 day(s) to cover.
The consensus price target of analysts on Wall Street is $38, which implies an increase of 56.26% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $25 and $57 respectively. As a result, BEAM is trading at a discount of -242.96% off the target high and -50.42% off the low.
Beam Therapeutics Inc (BEAM) estimates and forecasts
In the rating firms’ projections, revenue will increase 0.32% 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 14.68M as predicted by 11 analyst(s). Meanwhile, a consensus of 11 analyst(s) estimates revenue growth to 15.52M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 7.41M and 11.77M respectively. In this case, analysts expect current quarter sales to grow by 98.18% and then jump by 31.81% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -20.88%. While earnings are projected to return -3.23% in 2025, the next five years will return -1.10% per annum.
BEAM Dividends
Beam Therapeutics Inc is due to release its next quarterly earnings on 2025-Feb-24. 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 1.28% of total outstanding shares while institutional holders control 79.03%, with the float percentage being 80.05%. VANGUARD GROUP INC is the largest shareholder of the company, while 334.0 institutions own stock in it. As of 2024-06-30, the company held over 7.9 million shares (or 9.6701% of all shares), a total value of $185.11 million in shares.
The next largest institutional holding, with 7.91 million shares, is of FARALLON CAPITAL MANAGEMENT LLC’s that is approximately 9.6135% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $185.4 million.
