Editas Medicine Inc [NASDAQ: EDIT] gained 1.65% on the last trading session, reaching $1.23 price per share at the time.
If compared to the average trading volume of 2.46M shares, EDIT reached a trading volume of 2673365 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about Editas Medicine Inc [EDIT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EDIT shares is $5.17 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on EDIT stock is a recommendation set at 2.68. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
JP Morgan have made an estimate for Editas Medicine Inc shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on December 16, 2024. The new note on the price target was released on December 13, 2024, representing the official price target for Editas Medicine Inc stock. Previously, the target price had yet another drop from $11 to $3, while Stifel kept a Hold rating on EDIT stock.
The Average True Range (ATR) for Editas Medicine Inc is set at 0.17, with the Price to Sales ratio for EDIT stock in the period of the last 12 months amounting to 1.64. The Price to Book ratio for the last quarter was 0.58, with the Price to Cash per share for the same quarter was set at 3.21.
Trading performance analysis for EDIT stock
Editas Medicine Inc [EDIT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.55. With this latest performance, EDIT shares dropped by -48.32% in over the last four-week period, additionally sinking by -74.05% over the last 6 months – not to mention a drop of -88.46% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for EDIT stock in for the last two-week period is set at 23.43, with the RSI for the last a single of trading hit 20.42, and the three-weeks RSI is set at 26.38 for Editas Medicine Inc [EDIT]. The present Moving Average for the last 50 days of trading for this stock 2.4814, while it was recorded at 1.2680 for the last single week of trading, and 4.4319 for the last 200 days.
Editas Medicine Inc [EDIT]: A deeper dive into fundamental analysis
Editas Medicine Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.75 and a Current Ratio set at 3.75.
Editas Medicine Inc [EDIT]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for EDIT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Editas Medicine Inc go to 1.70%.
An analysis of Institutional ownership at Editas Medicine Inc [EDIT]
There are presently around $70.94%, or 71.16%% of EDIT stock, in the hands of institutional investors. The top three institutional holders of EDIT stocks are: VANGUARD GROUP INC with ownership of 8.03 million shares, which is approximately 9.8032%. BLACKROCK INC., holding 7.78 million shares of the stock with an approximate value of $$36.34 million in EDIT stocks shares; and BLACKROCK INC., currently with $$28.02 million in EDIT stock with ownership which is approximately 7.3225%.
