NASDAQ:EDIT

Editas Medicine (EDIT) Stock Price, News & Analysis

$5.47
+0.26 (+4.99%)
(As of 05/1/2024 ET)
Today's Range
$5.21
$5.67
50-Day Range
$5.21
$11.07
52-Week Range
$5.11
$11.91
Volume
2.62 million shs
Average Volume
1.82 million shs
Market Capitalization
$449.85 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$15.00

Editas Medicine MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.56 Rating Score
Upside/​Downside
174.2% Upside
$15.00 Price Target
Short Interest
Bearish
22.81% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.78
Upright™ Environmental Score
News Sentiment
0.56mentions of Editas Medicine in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$924,582 Sold Last Quarter
Proj. Earnings Growth
Decreasing
From ($2.61) to ($2.70) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.74 out of 5 stars

Medical Sector

232nd out of 926 stocks

Biological Products, Except Diagnostic Industry

24th out of 145 stocks

EDIT stock logo

About Editas Medicine Stock (NASDAQ:EDIT)

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. In addition, the company is developing alpha-beta T cells for solid and liquid tumors; and gamma delta T cell therapies to treat cancer. It has a research collaboration with Juno Therapeutics, Inc. to develop engineered T cells for cancer; strategic alliance and option agreement with Allergan Pharmaceuticals International Limited. The company was formerly known as Gengine, Inc. and changed its name to Editas Medicine, Inc. in November 2013. Editas Medicine, Inc. was incorporated in 2013 and is based in Cambridge, Massachusetts.

EDIT Stock Price History

EDIT Stock News Headlines

Stocks search for direction ahead of Fed rate decision
Bill Clinton Backing Biden Replacement???
Bill Clinton is back. And he just met in Mexico with the one person I believe could REPLACE Joe Biden by August…
Bill Clinton Backing Biden Replacement???
Bill Clinton is back. And he just met in Mexico with the one person I believe could REPLACE Joe Biden by August…
Editas Medicine Inc (EDIT)
Q4 2023 Editas Medicine Inc Earnings Call
Here's what Wall Street expects from Editas Medicine's earnings report
See More Headlines
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Company Calendar

Last Earnings
2/28/2024
Today
5/01/2024
Next Earnings (Estimated)
5/03/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Biological products, except diagnostic
Sub-Industry
N/A
Current Symbol
NASDAQ:EDIT
Fax
N/A
Employees
265
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$15.00
High Stock Price Target
$20.00
Low Stock Price Target
$9.00
Potential Upside/Downside
+174.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.56
Research Coverage
9 Analysts

Profitability

Net Income
$-153,220,000.00
Net Margins
-196.12%
Pretax Margin
-196.12%

Debt

Sales & Book Value

Annual Sales
$78.12 million
Book Value
$4.27 per share

Miscellaneous

Free Float
80,673,000
Market Cap
$449.85 million
Optionable
Optionable
Beta
2.01
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Key Executives

  • Dr. Gilmore O'Neill M.D. (Age 59)
    President, CEO & Director
    Comp: $815.37k
  • Dr. Baisong Mei M.D.
    Ph.D., Senior VP & Chief Medical Officer
  • Dr. Feng Zhang Ph.D.
    Co-Founder & Scientific Advisory Board Member
  • Dr. George McDonald Church Ph.D. (Age 70)
    Co-Founder & Scientific Advisory Board Member
  • Dr. J. Keith Joung M.D.
    Ph.D., Co-Founder & Scientific Advisory Board Member
  • Dr. David R. Liu Ph.D.
    Co-Founder & Scientific Advisory Board Member
  • Mr. Erick J. Lucera C.F.A. (Age 56)
    CPA, CFO & Executive VP
  • Dr. Linda C. Burkly Ph.D.
    Executive VP & Chief Scientific Officer
  • Cristi Barnett
    Corporate Communications & Investor Relations
  • Ms. Charlene Stern J.D.
    Ph.D., Executive VP & General Counsel

EDIT Stock Analysis - Frequently Asked Questions

Should I buy or sell Editas Medicine stock right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Editas Medicine in the last twelve months. There are currently 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" EDIT shares.
View EDIT analyst ratings
or view top-rated stocks.

What is Editas Medicine's stock price target for 2024?

9 analysts have issued twelve-month price objectives for Editas Medicine's stock. Their EDIT share price targets range from $9.00 to $20.00. On average, they predict the company's stock price to reach $15.00 in the next year. This suggests a possible upside of 174.2% 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 2024?

Editas Medicine's stock was trading at $10.13 at the beginning of 2024. Since then, EDIT shares have decreased by 46.0% and is now trading at $5.47.
View the best growth stocks for 2024 here
.

Are investors shorting Editas Medicine?

Editas Medicine saw a increase in short interest in April. As of April 15th, there was short interest totaling 18,760,000 shares, an increase of 14.7% from the March 31st total of 16,360,000 shares. Based on an average daily trading volume, of 1,910,000 shares, the short-interest ratio is presently 9.8 days.
View Editas Medicine's Short Interest
.

When is Editas Medicine's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, May 3rd 2024.
View our EDIT earnings forecast
.

How were Editas Medicine's earnings last quarter?

Editas Medicine, Inc. (NASDAQ:EDIT) posted its quarterly earnings data on Wednesday, February, 28th. The company reported ($0.23) earnings per share for the quarter, beating analysts' consensus estimates of ($0.52) by $0.29. The firm had revenue of $60 million for the quarter, compared to analyst estimates of $4.84 million. Editas Medicine had a negative net margin of 196.12% and a negative trailing twelve-month return on equity of 42.95%. The business's revenue was up 817.4% on a year-over-year basis. During the same quarter last year, the company earned ($0.88) EPS.

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?

Editas Medicine (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 number of retail and institutional investors. Top institutional shareholders include Mirae Asset Global Investments Co. Ltd. (0.38%), Los Angeles Capital Management LLC (0.18%), BNP Paribas Financial Markets (0.10%), Assenagon Asset Management S.A. (0.07%), Simplex Trading LLC (0.00%) and China Universal Asset Management Co. Ltd. (0.02%). Insiders that own company stock include Baisong Mei, Bruce Eaton, Gilmore Neil O'neill, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:EDIT) was last updated on 5/2/2024 by MarketBeat.com Staff

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