During the last session, Prime Medicine Inc (NASDAQ:PRME)’s traded shares were 4.65 million, with the beta value of the company hitting 1.52. At the end of the trading day, the stock’s price was $1.80, reflecting an intraday gain of 11.46% or $0.18. The 52-week high for the PRME share is $6.75, that puts it down -275.0 from that peak though still a striking 38.33% gain since the share price plummeted to a 52-week low of $1.11. The company’s market capitalization is $236.33M, and the average intraday trading volume over the past 10 days was 2.82 million shares, and the average trade volume was 2.00 million shares over the past three months.
Prime Medicine Inc (PRME) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.73. PRME has a Sell rating from 0 analyst(s) out of 5 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 recommend a Buy rating for it.
Prime Medicine Inc (NASDAQ:PRME) trade information
Prime Medicine Inc (PRME) registered a 11.46% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 11.46% in intraday trading to $1.80, hitting a weekly high. The stock’s 5-day price performance is 17.65%, and it has moved by 34.83% in 30 days. Based on these gigs, the overall price performance for the year is -74.68%. The short interest in Prime Medicine Inc (NASDAQ:PRME) is 17.97 million shares and it means that shorts have 7.67 day(s) to cover.
The consensus price target of analysts on Wall Street is $17, which implies an increase of 89.41% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $12 and $23 respectively. As a result, PRME is trading at a discount of -1177.78% off the target high and -566.67% off the low.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -124.13%. While earnings are projected to return 23.33% in 2025, the next five years will return 18.30% per annum.
PRME Dividends
Prime Medicine Inc is due to release its next quarterly earnings on 2025-May-08. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Prime Medicine Inc (NASDAQ:PRME)’s Major holders
Prime Medicine Inc insiders own 24.17% of total outstanding shares while institutional holders control 56.81%, with the float percentage being 74.91%. ALPHABET INC. is the largest shareholder of the company, while 163.0 institutions own stock in it. As of 2024-06-30, the company held over 15.06 million shares (or 12.6375% of all shares), a total value of $77.42 million in shares.
The next largest institutional holding, with 6.13 million shares, is of ARK INVESTMENT MANAGEMENT LLC’s that is approximately 5.1404% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $31.49 million.
