Editas Medicine, Inc operates as a clinical stage genome editing company. The company focuses on developing transformative genomic medicines to treat a range of serious diseases. It develops a proprietary genome editing platform based on CRISPR technology to target genetically addressable diseases and therapeutic areas. The company develops EDIT-101 for Leber Congenital Amaurosis type 10, a genetic form of vision loss that leads to blindness in childhood.
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Industry, Sector and Symbol
Industry Biological products, except diagnostic
Sub-IndustryN/A
SectorMedical
Phone617-401-9000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$31.94 million
Profitability
Miscellaneous
Employees133
Next Earnings Date11/6/2019 (Estimated)
OptionableOptionable
Editas Medicine (NASDAQ:EDIT) Frequently Asked Questions
What is Editas Medicine's stock symbol?
Editas Medicine trades on the NASDAQ under the ticker symbol "EDIT."
How were Editas Medicine's earnings last quarter?
Editas Medicine Inc (NASDAQ:EDIT) announced its earnings results on Tuesday, August, 6th. The company reported ($0.69) EPS for the quarter, missing analysts' consensus estimates of ($0.59) by $0.10. The business earned $2.33 million during the quarter, compared to analysts' expectations of $6.88 million. Editas Medicine had a negative net margin of 412.70% and a negative return on equity of 47.46%. Editas Medicine's quarterly revenue was down 68.4% on a year-over-year basis. During the same period in the previous year, the company posted ($0.82) earnings per share. View Editas Medicine's Earnings History.
When is Editas Medicine's next earnings date?
What price target have analysts set for EDIT?
8 brokerages have issued 12 month target prices for Editas Medicine's stock. Their forecasts range from $29.00 to $55.00. On average, they anticipate Editas Medicine's stock price to reach $38.00 in the next twelve months. This suggests a possible upside of 88.0% from the stock's current price. View Analyst Price Targets for Editas Medicine.
What is the consensus analysts' recommendation for Editas Medicine?
8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Editas Medicine in the last year. There are currently 3 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Editas Medicine.
What are Wall Street analysts saying about Editas Medicine stock?
Here are some recent quotes from research analysts about Editas Medicine stock:
- 1. Chardan Capital analysts commented, "We anticipate better visibility around potential timing of data readouts as dosing gets underway. Below, we highlight thoughts on what we know of the program thus far." (7/25/2019)
- 2. According to Zacks Investment Research, "Editas Medicine, Inc. is a genome editing company. It focuses on translating its genome editing technology into a novel class of human therapeutics which enable precise and corrective molecular modification to treat diseases. Editas Medicine, Inc. is based in Cambridge, Massachusetts. " (5/10/2019)
Has Editas Medicine been receiving favorable news coverage?
Media coverage about EDIT stock has trended very negative recently, according to InfoTrie Sentiment. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Editas Medicine earned a daily sentiment score of -3.2 on InfoTrie's scale. They also gave news headlines about the company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the near term. View News Stories for Editas Medicine.
Who are some of Editas Medicine's key competitors?
Some companies that are related to Editas Medicine include Ablynx (ABLYF), Spark Therapeutics (ONCE), Adaptive Biotechnologies (ADPT), Allogene Therapeutics (ALLO), Iovance Biotherapeutics (IOVA), Halozyme Therapeutics (HALO), Acceleron Pharma (XLRN), Crispr Therapeutics (CRSP), Regenxbio (RGNX), Denali Therapeutics (DNLI), Momenta Pharmaceuticals (MNTA), Coherus Biosciences (CHRS), Audentes Therapeutics (BOLD), Orchard Therapeutics (ORTX) and Alector (ALEC).
What other stocks do shareholders of Editas Medicine own?
Who are Editas Medicine's key executives?
Editas Medicine's management team includes the folowing people:
- Dr. Charles Albright, Chief Scientific Officer (Age 61)
- Ms. Cynthia L. Collins, Interim CEO & Director (Age 61)
- Dr. Feng Zhang, Co-Founder & Scientific Advisory Board Member
- Dr. George M. Church, Co-Founder & Scientific Advisory Board Member (Age 65)
- Dr. J. Keith Joung, Co-Founder & Scientific Advisory Board Member
When did Editas Medicine IPO?
(EDIT) raised $100 million in an IPO on Wednesday, February 3rd 2016. The company issued 5,900,000 shares at $16.00-$18.00 per share. Morgan Stanley and J.P. Morgan served as the underwriters for the IPO and Cowen and Company and JMP Securities were co-managers.
How do I buy shares of Editas Medicine?
Shares of EDIT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.
What is Editas Medicine's stock price today?
One share of EDIT stock can currently be purchased for approximately $20.21.
How big of a company is Editas Medicine?
Editas Medicine has a market capitalization of $1.00 billion and generates $31.94 million in revenue each year. The company earns $-109,950,000.00 in net income (profit) each year or ($2.33) on an earnings per share basis. Editas Medicine employs 133 workers across the globe.View Additional Information About Editas Medicine.
What is Editas Medicine's official website?
How can I contact Editas Medicine?
Editas Medicine's mailing address is 11 Hurley Street, Cambridge MA, 02141. The company can be reached via phone at 617-401-9000 or via email at [email protected]
MarketBeat Community Rating for Editas Medicine (NASDAQ EDIT)
MarketBeat's community ratings are surveys of what our community members think about Editas Medicine and other stocks. Vote "Outperform" if you believe EDIT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe EDIT will underperform the S&P 500 over the long term. You may vote once every thirty days.
