Most-Downgraded Stocks NASDAQ:EDIT Editas Medicine - EDIT Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Editas Medicine, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $11.26 -0.27 (-2.34%) (As of 02/3/2023 05:47 PM ET) Add Compare Share Share Today's Range$10.89▼$11.9350-Day Range$7.81▼$11.5352-Week Range$7.70▼$21.59Volume2.59 million shsAverage Volume2.10 million shsMarket Capitalization$774.24 millionP/E RatioN/ADividend YieldN/APrice Target$16.86 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Editas Medicine MarketRank™ ForecastAnalyst RatingHold2.20 Rating ScoreUpside/Downside48.6% Upside$16.73 Price TargetShort InterestBearish32.20% of Shares Sold ShortDividend StrengthN/ASustainability-0.84Upright™ Environmental ScoreNews Sentiment0.61Based on 7 Articles This WeekInsider TradingSelling Shares$17,481 Sold Last QuarterProj. Earnings GrowthGrowingFrom ($3.08) to ($2.90) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.38 out of 5 starsMedical Sector201st out of 1,029 stocksBiological Products, Except Diagnostic Industry35th out of 169 stocks 4.1 Analyst's Opinion Consensus RatingEditas Medicine has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 5 buy ratings, 8 hold ratings, and 2 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $16.73, Editas Medicine has a forecasted upside of 48.6% from its current price of $11.26.Amount of Analyst CoverageEditas Medicine has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 0.0 Short Interest Percentage of Shares Shorted32.20% of the outstanding shares of Editas Medicine have been sold short.Short Interest Ratio / Days to CoverEditas Medicine has a short interest ratio ("days to cover") of 11.8, which indicates bearish sentiment.Change versus previous monthShort interest in Editas Medicine has recently increased by 2.26%, indicating that investor sentiment is decreasing. Previous Next 0.0 Dividend Strength Dividend YieldEditas Medicine does not currently pay a dividend.Dividend GrowthEditas Medicine does not have a long track record of dividend growth. Previous Next 4.7 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreEditas Medicine has received a 74.40% net impact score from Upright. The largest positive contribution comes from its "Physical diseases" impact, which is driven by its "Clinical research services for physical health" and "Preclinical research services for physical health" products. See details.Environmental SustainabilityThe Environmental Impact score for Editas Medicine is -0.84. Previous Next 3.1 News and Social Media Coverage News SentimentEditas Medicine has a news sentiment score of 0.61. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.45 average news sentiment score of Medical companies.News Coverage This WeekMarketBeat has tracked 7 news articles for Editas Medicine this week, compared to 2 articles on an average week.Search Interest33 people have searched for EDIT on MarketBeat in the last 30 days. This is an increase of 136% compared to the previous 30 days.MarketBeat FollowsOnly 20 people have added Editas Medicine to their MarketBeat watchlist in the last 30 days. This is a decrease of -9% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Editas Medicine insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $17,481.00 in company stock.Percentage Held by InsidersOnly 1.30% of the stock of Editas Medicine is held by insiders.Percentage Held by Institutions69.67% of the stock of Editas Medicine is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Editas Medicine are expected to grow in the coming year, from ($3.08) to ($2.90) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Editas Medicine is -3.83, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Editas Medicine is -3.83, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioEditas Medicine has a P/B Ratio of 1.39. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Editas Medicine (NASDAQ:EDIT) StockEditas Medicine, Inc. engages in the development and commercialization of genome editing technology. Its technology includes clustered, regularly interspaced short palindromic repeats (CRISPR), and CRISPR associated protein 9 (Cas9). The company was founded by Feng Zhang, Jennifer A. Doudna, George McDonald Church, J. Keith Joung and David R. Liu in September 2013 and is headquartered in Cambridge, MA.Read More Receive EDIT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Editas Medicine and its competitors with MarketBeat's FREE daily newsletter. Email Address EDIT Stock News HeadlinesJanuary 25, 2023 | marketbeat.comHow Will Early 2023 Layoffs Affect These 5 Biotech Stocks? (EDIT)Five biotechs have already issued layoffs in 2023. Many seem to have good potential, but time will tell if the shifts create the value analysts anticipate.February 3, 2023 | finance.yahoo.comWhy Editas Medicine's Shares Jumped This WeekFebruary 3, 2023 | Tradewins (Ad)Know Your Profit Potential BEFORE You Trade!I’m Chuck Hughes, ten-time trading champion and author of the coveted e-book, “Options Trading Made Easy”, the strategy guide that will teach you to calculate your trade’s profit potential before you risk any capital. Click here for a free copy now! February 3, 2023 | finance.yahoo.comIs Editas Medicine Stock a Buy Now?February 2, 2023 | americanbankingnews.comCantor Fitzgerald Initiates Coverage on Editas Medicine (NASDAQ:EDIT)January 30, 2023 | americanbankingnews.comEditas Medicine, Inc. (NASDAQ:EDIT) Receives $16.86 Consensus Price Target from BrokeragesJanuary 27, 2023 | americanbankingnews.comEquities Analysts Issue Forecasts for Editas Medicine, Inc.'s Q1 2023 Earnings (NASDAQ:EDIT)January 26, 2023 | benzinga.comMorgan Stanley Maintains Underweight on Editas Medicine, Lowers Price Target to $7February 3, 2023 | Wall Street Watch Dogs (Ad)“Future Fuel” will unleash $11 trillion wave of wealthThe next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…January 26, 2023 | americanbankingnews.comEditas Medicine (NASDAQ:EDIT) Price Target Cut to $7.00January 26, 2023 | americanbankingnews.comEditas Medicine, Inc. to Post FY2024 Earnings of ($2.34) Per Share, SVB Leerink Forecasts (NASDAQ:EDIT)January 26, 2023 | americanbankingnews.comEditas Medicine (NASDAQ:EDIT) Stock Price Up 4% Following Analyst UpgradeJanuary 25, 2023 | americanbankingnews.comEditas Medicine (NASDAQ:EDIT) PT Raised to $7.00 at SVB LeerinkJanuary 24, 2023 | markets.businessinsider.comAnalysts’ Opinions Are Mixed on These Healthcare Stocks: Intercept Pharma (ICPT), Synlogic (SYBX) and Editas Medicine (EDIT)January 20, 2023 | finance.yahoo.comEditas (EDIT) Moves Ahead With its Portfolio ReprioritizationJanuary 19, 2023 | marketwatch.comCRISPR Cas9 Market Detailed Analysis of Current Scenario with Growth Forecasts to 2028January 19, 2023 | msn.comEditas to sell natural killer cell programs to ShorelineJanuary 11, 2023 | finance.yahoo.comBiotech Stock Roundup: REGN Down on Eylea Data, CINC Surges on AZN Offer & MoreJanuary 10, 2023 | markets.businessinsider.comAnalyst Expectations for Editas Medicine's FutureJanuary 10, 2023 | finance.yahoo.comEditas (EDIT) Dips on Portfolio Reprioritization, To Cut JobsJanuary 9, 2023 | finanznachrichten.deEditas Medicine, Inc.: Editas Medicine Announces Strategic Updates and Portfolio ReprioritizationJanuary 9, 2023 | msn.comEditas cuts 20% staff in portfolio overhaulJanuary 9, 2023 | markets.businessinsider.comEditas Medicine To Reduce Headcount By 20% As Part Of Reprioritization, CSO To StepdownJanuary 9, 2023 | marketwatch.comEditas Medicine tumbles more than 7% after announcing job cuts, restructuringJanuary 5, 2023 | marketwatch.comLeber Congenital Amaurosis (LCA) Market Opportunities, Size, Share, Emerging Trends, And Forecast To 2028January 4, 2023 | marketwatch.comCRISPR and CRISPR-Associated (Cas) Genes Market : Projections and Regional Outlook, Set for Rapid Growth and Trend by 2023 To 2028January 4, 2023 | finance.yahoo.comEditas Medicine to Present at the 41st Annual J.P. Morgan Healthcare ConferenceSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive EDIT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Editas Medicine and its competitors with MarketBeat's FREE daily newsletter. Email Address EDIT Company Calendar Last Earnings11/08/2021Today2/03/2023Next Earnings (Estimated)2/23/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Biological products, except diagnostic Sub-IndustryN/A SectorMedical Current SymbolNASDAQ:EDIT CUSIPN/A CIK1650664 Webwww.editasmedicine.com Phone(617) 401-9000FaxN/AEmployees264Year FoundedN/APrice Target and Rating Average Stock Price Forecast$16.73 High Stock Price Forecast$36.00 Low Stock Price Forecast$7.00 Forecasted Upside/Downside+49.7%Consensus RatingHold Rating Score (0-4)2.20 Research Coverage15 Analysts Profitability EPS (Most Recent Fiscal Year)($2.94) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-192,500,000.00 Net Margins-784.32% Pretax Margin-784.32% Return on Equity-41.33% Return on Assets-33.35% Debt Debt-to-Equity RatioN/A Current Ratio10.09 Quick Ratio10.09 Sales & Book Value Annual Sales$25.54 million Price / Sales30.31 Cash FlowN/A Price / Cash FlowN/A Book Value$8.09 per share Price / Book1.39Miscellaneous Outstanding Shares68,760,000Free Float67,869,000Market Cap$774.24 million OptionableOptionable Beta1.87 Key ExecutivesGilmore O’NeillPresident, Chief Executive Officer & DirectorHarry R. GillSenior Vice President-OperationsMichelle RobertsonChief Financial Officer & TreasurerMark S. ShearmanChief Scientific Officer & Executive VPMei BaisongChief Medical Officer & Senior Vice PresidentKey CompetitorsAlectorNASDAQ:ALEC4D Molecular TherapeuticsNASDAQ:FDMTADMA BiologicsNASDAQ:ADMAiTeos TherapeuticsNASDAQ:ITOSCoherus BioSciencesNASDAQ:CHRSView All CompetitorsInsiders & InstitutionsProShare Advisors LLCBought 1,180 shares on 2/2/2023Ownership: 0.021%Simplex Trading LLCSold 53,400 shares on 2/2/2023Ownership: 0.000%Elmwood Wealth Management Inc.Sold 10,127 shares on 1/26/2023Ownership: 0.020%Sigma Planning CorpSold 3,911 shares on 1/24/2023Ownership: 0.018%Exchange Traded Concepts LLCBought 87,616 shares on 1/18/2023Ownership: 0.127%View All Insider TransactionsView All Institutional Transactions EDIT Stock - Frequently Asked Questions Should I buy or sell Editas Medicine stock right now? 15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Editas Medicine in the last year. There are currently 2 sell ratings, 8 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" EDIT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EDIT, but not buy additional shares or sell existing shares. View EDIT analyst ratings or view top-rated stocks. What is Editas Medicine's stock price forecast for 2023? 15 brokers have issued twelve-month price targets for Editas Medicine's stock. Their EDIT share price forecasts range from $7.00 to $36.00. On average, they predict the company's share price to reach $16.73 in the next year. This suggests a possible upside of 44.1% from the stock's current price. View analysts price targets for EDIT or view top-rated stocks among Wall Street analysts. How have EDIT shares performed in 2023? Editas Medicine's stock was trading at $8.87 at the start of the year. Since then, EDIT shares have increased by 30.9% and is now trading at $11.61. View the best growth stocks for 2023 here. When is Editas Medicine's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023. View our EDIT earnings forecast. How were Editas Medicine's earnings last quarter? Editas Medicine, Inc. (NASDAQ:EDIT) posted its quarterly earnings results on Monday, November, 8th. The company reported ($0.57) earnings per share for the quarter, beating the consensus estimate of ($0.81) by $0.24. The business earned $6.20 million during the quarter, compared to the consensus estimate of $4.92 million. Editas Medicine had a negative net margin of 784.32% and a negative trailing twelve-month return on equity of 41.33%. The company's revenue for the quarter was down 90.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.12 earnings per share. What other stocks do shareholders of Editas Medicine own? Based on aggregate information from My MarketBeat watchlists, some companies that other Editas Medicine investors own include CRISPR Therapeutics (CRSP), NVIDIA (NVDA), Micron Technology (MU), Intellia Therapeutics (NTLA), Block (SQ), Advanced Micro Devices (AMD), Alibaba Group (BABA), QUALCOMM (QCOM), Cisco Systems (CSCO) and Skyworks Solutions (SWKS). When did Editas Medicine IPO? (EDIT) raised $100 million in an initial public offering (IPO) 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. What is Editas Medicine's stock symbol? Editas Medicine trades on the NASDAQ under the ticker symbol "EDIT." Who are Editas Medicine's major shareholders? Editas Medicine's stock is owned by many different retail and institutional investors. Top institutional shareholders include Exchange Traded Concepts LLC (0.13%), Green Alpha Advisors LLC (0.09%), McGuire Investment Group LLC (0.02%), ProShare Advisors LLC (0.02%), Elmwood Wealth Management Inc. (0.02%) and Sigma Planning Corp (0.02%). Insiders that own company stock include Bruce Eaton, Charles Albright, Cynthia Collins, James C Mullen, Lisa Anne Michaels, Mark S Shearman and Michelle Robertson. View institutional ownership trends. How do I buy shares of Editas Medicine? Shares of EDIT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Editas Medicine's stock price today? One share of EDIT stock can currently be purchased for approximately $11.61. How much money does Editas Medicine make? Editas Medicine (NASDAQ:EDIT) has a market capitalization of $798.30 million and generates $25.54 million in revenue each year. The company earns $-192,500,000.00 in net income (profit) each year or ($2.94) on an earnings per share basis. How many employees does Editas Medicine have? The company employs 264 workers across the globe. How can I contact Editas Medicine? Editas Medicine's mailing address is 11 Hurley Street, Cambridge MA, 02141. The official website for the company is www.editasmedicine.com. The company can be reached via phone at (617) 401-9000 or via email at mark.mullikin@editasmed.com. This page (NASDAQ:EDIT) was last updated on 2/3/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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