HomeFinanceEditas Medicine Inc. (EDIT) Stock at a key inflection point

Editas Medicine Inc. (EDIT) Stock at a key inflection point

SVB Leerink raised the price target for the Editas Medicine Inc. (NASDAQ:EDIT) stock to “a Mkt perform”. The rating was released on October 19, 2021. The research report from Oppenheimer has upgraded the stock from Perform to Outperform, with a price target set at $80. The stock was upgraded by Truist, who disclosed in a research note on August 09, 2021, from Hold to Buy and set the price objective to $80. In their research brief published August 05, 2021, Evercore ISI analysts upgraded the Editas Medicine Inc. stock from Underperform to Outperform with a price target of $60.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free.


The latest trade, Performances and Moving Averages give us the following Picture

The share price of Editas Medicine Inc. (NASDAQ:EDIT) dipped -6.94% to close Thursday’s market session at $21.87, lower as compared to yesterday’s close. The stock price fluctuated between $21.73 and $23.5881 throughout the trading session with the volume trading being 3436026 shares, which represented a significant variation when compared to the three months average volume of 1.29 million shares. The firm’s stock price fluctuated -10.41% within the last five trades and -23.58% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -48.41% in the last 6 months and -43.85% was subtracted to its value over the previous 3 months. EDIT stock is trading at a margin of -20.15%, -30.38% and -47.18% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.

As of the close of trading, EDIT deals in the Healthcare domain. The stock is trading -73.95 percent below its 52-week high and -6.26 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -72.43. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.

What Does Editas Medicine Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?

The stock’s market cap achieved a total value of $1.45 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 59.28 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 2.54, which equates the market value of a stock with its book value.

Is Insider Trading a Real Thing?

Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.40 percent of Editas Medicine Inc. shares are owned by insiders, and 74.30 percent are held by financial institutions. ROBERTSON MICHELLE, the Chief Financial Officer at Editas Medicine Inc. (EDIT) has sold 1,744 shares of firm on Jan 11 at a price of $25.70 against the total amount of $44821.0. In another inside trade, MULLEN JAMES C, CEO of Editas Medicine Inc. (NASDAQ:EDIT) sold 18,252 shares of the firm on Jan 03 for a total worth of $0.49 million at a price of $26.95. An inside trade which took place on Nov 12, EVP/Chief Medical Officer of Editas Medicine Inc. Michaels Lisa Anne sold 1,568 shares of firm against total price of $60101.0 at the cost of $38.33 per share.

>> 7 Top Picks for the Post-Pandemic Economy <<

Peggy Goldman
Peggy Goldman, CFA, is an independent monetary author and speculator. I have worked for both sell-side and purchase side firms (values and fixed salary), with the biggest level of my working time spent in drug tech. Now I am presently viably in a “working retirement”.


Please enter your comment!
Please enter your name here

Most Popular