After Hours
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. The stock was recently discussed on Yahoo Finance as it revealed that Beam Therapeutics to Participate in the Guggenheim Healthcare Talks 6th Annual Biotechnology Conference.
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Stocks Info
As a NASDAQ listed company, BEAM falls under the Healthcare sector while operating within the Biotechnology industry segment. At the end of the last regular session, the stock closed at $33.99 and fluctuated between $34.66 as its day high and $33.28 as its day low. The current market capitalization of Beam Therapeutics Inc is $2.77B. A total of 1.01 million shares were traded on the day, compared to an average of 1.30M shares.
Insider Activity
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, BEAM has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 29,549 shares. Over the last 12 months, there were 12 BUYs and 17 SELLs from insiders. Insiders purchased 339,931 shares during that period but sold 228,463.
In the most recent transaction, FMR LLC sold 900,000 shares of BEAM for 30.55 per share on Feb 14. After the transaction, the See Remark 1 now owns 1,235,511 company shares. In a previous transaction on Feb 13, FMR LLC sold 1,565 shares at 30.76 per share. BEAM shares that See Remark 1 owns now total 2,771,913.
Among the insiders who sold shares, Evans John M. disposed of 60,000 shares on Jan 31 at a per-share price of $25.33. This resulted in the CEO holding 1,058,262 shares of BEAM after the transaction. In another insider transaction, Bellon Christine sold 1,907 shares at $26.42 per share on Jan 03. Company shares held by the Chief Legal Officer now total 80,495.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for BEAM in the last 3 months, the mean price target is $45.54 with high estimates of $78.00 and low estimates of $19.00. In terms of 52-week highs and lows, BEAM has a high of $41.44 and a low of $16.95.
As of this writing, BEAM has an earnings estimate of -$1.01 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $1.21 per share and a lower estimate of -$1.46. The company reported an EPS of -$1.08 in the last quarter, which was 23.90% higher than expectations of -$1.42.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. BEAM’s latest balance sheet shows that the firm has $965.65M in Cash & Short Term Investments as of fiscal 2021. There were $142.35M in debt and $213.44M in liabilities at the time. Its Book Value Per Share was $9.81, while its Total Shareholder’s Equity was $826.74M.
Analysts Opinion
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BEAM is Buy with a score of 4.07.
