NASDAQ:EDIT - Editas Medicine Stock Price, News, & Analysis

Sign in or create an account to add this stock to your watchlist.
$28.39 -1.30 (-4.38 %)
(As of 12/10/2018 01:30 AM ET)
Previous Close$28.39
Today's Range$28.27 - $30.26
52-Week Range$22.50 - $45.02
Volume747,909 shs
Average Volume648,399 shs
Market Capitalization$1.36 billion
P/E Ratio-9.53
Dividend YieldN/A
Beta3.21
Editas Medicine, Inc. operates as a genome editing company. It focuses on treating patients with genetically defined diseases by correcting their disease causing genes. The company develops a proprietary genome editing platform based on CRISPR technology to target genetically defined diseases with an initial focus on debilitating illnesses where there are no approved treatments. It develops EDIT-101 for Leber Congenital Amaurosis type 10, a genetic form of vision loss that leads to blindness in childhood. The company also develops other therapies for eye diseases, such as Herpes Simplex Virus 1 that causes lifelong infections primarily leading to ocular and oral disease; and Usher Syndrome 2A, which is a form of retinitis pigmentosa that also includes hearing loss. In addition, it develops hematopoietic stem cells for treating sickle cell disease and beta thalassemia. Editas Medicine, Inc. has a collaboration and license agreement with Juno Therapeutics, Inc. for the research and development of engineered T cells with chimeric antigen receptors and T cell receptors; and strategic alliance and option agreement with Allergan Pharmaceuticals International Limited for the research and development of medicines for ocular diseases. The company was formerly known as Gengine, Inc. and changed its name to Editas Medicine Inc. in November 2013. Editas Medicine, Inc. was founded in 2013 and is based in Cambridge, Massachusetts.

Receive EDIT News and Ratings via Email

Sign-up to receive the latest news and ratings for EDIT and its competitors with MarketBeat's FREE daily newsletter.

Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Biological products, except diagnostic
Sub-IndustryN/A
SectorMedical
Current SymbolNASDAQ:EDIT
Previous Symbol
CUSIPN/A
Phone617-401-9000

Debt

Debt-to-Equity Ratio0.15
Current Ratio13.14
Quick Ratio13.13

Price-To-Earnings

Trailing P/E Ratio-9.53
Forward P/E Ratio-13.02
P/E GrowthN/A

Sales & Book Value

Annual Sales$13.73 million
Price / Sales98.86
Cash FlowN/A
Price / Cash FlowN/A
Book Value$4.59 per share
Price / Book6.19

Profitability

EPS (Most Recent Fiscal Year)($2.98)
Net Income$-120,320,000.00
Net Margins-410.68%
Return on Equity-53.15%
Return on Assets-31.08%

Miscellaneous

Employees112
Outstanding Shares47,810,000
Market Cap$1.36 billion
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 quarterly earnings results on Wednesday, November, 7th. The company reported ($0.32) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.72) by $0.40. The company earned $14.52 million during the quarter, compared to analyst estimates of $9.83 million. Editas Medicine had a negative net margin of 410.68% and a negative return on equity of 53.15%. The firm's revenue was up 131.2% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.64) EPS. View Editas Medicine's Earnings History.

When is Editas Medicine's next earnings date?

Editas Medicine is scheduled to release their next quarterly earnings announcement on Tuesday, March 5th 2019. View Earnings Estimates for Editas Medicine.

What price target have analysts set for EDIT?

9 brokers have issued twelve-month target prices for Editas Medicine's stock. Their forecasts range from $36.00 to $67.00. On average, they anticipate Editas Medicine's share price to reach $47.4286 in the next twelve months. This suggests a possible upside of 67.1% from the stock's current price. View Analyst Price Targets for Editas Medicine.

What is the consensus analysts' recommendation for Editas Medicine?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Editas Medicine in the last year. There are currently 1 sell rating, 3 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Editas Medicine.

Has Editas Medicine been receiving favorable news coverage?

News stories about EDIT stock have trended somewhat positive recently, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Editas Medicine earned a news sentiment score of 0.8 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 1.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next several days.

Who are some of Editas Medicine's key competitors?

Who are Editas Medicine's key executives?

Editas Medicine's management team includes the folowing people:
  • Ms. Katrine S. Bosley, CEO, Pres & Director (Age 50)
  • Dr. Andrew A. F. Hack, Chief Financial Officer (Age 44)
  • Dr. Charles Albright, Chief Scientific Officer (Age 60)
  • Dr. Feng Zhang, Co-Founder & Scientific Advisory Board Member
  • Dr. George M. Church, Co-Founder & Scientific Advisory Board Member (Age 64)

When did Editas Medicine IPO?

(EDIT) raised $100 million in an initial public offering on Wednesday, February 3rd 2016. The company issued 5,900,000 shares at a price of $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.

Who are Editas Medicine's major shareholders?

Editas Medicine's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (7.80%), BlackRock Inc. (7.53%), ARK Investment Management LLC (5.86%), Capital World Investors (4.25%), Morgan Stanley (3.62%) and FMR LLC (3.19%). Company insiders that own Editas Medicine stock include Alexandra Glucksmann, Andrew A F Hack, Boris Nikolic, Charles Albright, Gerald Frank Cox, Jessica Hopfield, Katrine Bosley, Kevin Bitterman and Vickesh Myer. View Institutional Ownership Trends for Editas Medicine.

Which institutional investors are selling Editas Medicine stock?

EDIT stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Morgan Stanley, Capital World Investors, Allianz Asset Management GmbH, Tekla Capital Management LLC, Great West Life Assurance Co. Can, Global Thematic Partners LLC and Morgens Waterfall Vintiadis & Co. Inc.. Company insiders that have sold Editas Medicine company stock in the last year include Andrew A F Hack, Charles Albright, Katrine Bosley and Vickesh Myer. View Insider Buying and Selling for Editas Medicine.

Which institutional investors are buying Editas Medicine stock?

EDIT stock was purchased by a variety of institutional investors in the last quarter, including ARK Investment Management LLC, Valiant Capital Management L.P., Renaissance Technologies LLC, Credit Suisse AG, Capital International Investors, Deutsche Bank AG, Vanguard Group Inc. and BlackRock Inc.. Company insiders that have bought Editas Medicine stock in the last two years include Boris Nikolic, Gerald Frank Cox and Jessica Hopfield. View Insider Buying and Selling for Editas Medicine.

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, Scottrade, Fidelity and Charles Schwab.

What is Editas Medicine's stock price today?

One share of EDIT stock can currently be purchased for approximately $28.39.

How big of a company is Editas Medicine?

Editas Medicine has a market capitalization of $1.36 billion and generates $13.73 million in revenue each year. The company earns $-120,320,000.00 in net income (profit) each year or ($2.98) on an earnings per share basis. Editas Medicine employs 112 workers across the globe.

What is Editas Medicine's official website?

The official website for Editas Medicine is http://www.editasmedicine.com.

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)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  179 (Vote Outperform)
Underperform Votes:  256 (Vote Underperform)
Total Votes:  435
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.
This page was last updated on 12/10/2018 by MarketBeat.com Staff

Featured Article: What is the Coverage Ratio?

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel