Editas Medicine (NASDAQ:EDIT - Get Free Report) is projected to post its quarterly earnings results before the market opens on Wednesday, February 26th. Analysts expect Editas Medicine to post earnings of ($0.43) per share and revenue of $37.17 million for the quarter.
Editas Medicine Stock Performance
Editas Medicine stock traded down $0.15 during mid-day trading on Friday, reaching $1.92. The stock had a trading volume of 9,432,958 shares, compared to its average volume of 5,416,719. Editas Medicine has a fifty-two week low of $1.12 and a fifty-two week high of $11.58. The stock's 50-day simple moving average is $1.37 and its 200-day simple moving average is $2.57. The firm has a market capitalization of $158.08 million, a PE ratio of -0.75 and a beta of 1.94.
Analysts Set New Price Targets
A number of equities research analysts have commented on the company. Wells Fargo & Company cut Editas Medicine from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $7.00 to $4.00 in a research note on Wednesday, December 11th. Chardan Capital reissued a "neutral" rating on shares of Editas Medicine in a research note on Friday, December 13th. Bank of America cut Editas Medicine from a "buy" rating to an "underperform" rating and reduced their price objective for the company from $13.00 to $1.00 in a research note on Monday, November 25th. Barclays cut their target price on Editas Medicine from $5.00 to $3.00 and set an "equal weight" rating on the stock in a research report on Friday, December 13th. Finally, Raymond James cut Editas Medicine from an "outperform" rating to a "market perform" rating in a research report on Monday, November 4th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $7.00.
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About Editas Medicine
(
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Editas Medicine, Inc, a clinical stage genome editing company, focuses on developing transformative genomic medicines to treat a range of serious diseases. It develops a proprietary gene editing platform based on CRISPR technology. The company develops EDIT-101, which is in Phase 1/2 BRILLIANCE trial for Leber Congenital Amaurosis; and reni-cel, a clinical development gene-edited medicine to treat sickle cell disease and transfusion-dependent beta-thalassemia.
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