An Evaluation Of Editas Medicine Inc (NASDAQ: EDIT) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

EDIT belongs to the Healthcare sector of the NASDAQ while operating in the Biotechnology industry. The current market capitalization of Editas Medicine Inc is $465.42M. A total of 1.49 million shares were traded on the day, compared to an average of 1.94M shares.

In the most recent transaction, O’Neill Gilmore Neil sold 77,824 shares of EDIT for 9.42 per share on Mar 05 ’24. After the transaction, the CEO now owns 327,470 company shares. In a previous transaction on Mar 04 ’24, Mei Baisong sold 20,327 shares at 9.42 per share. EDIT shares that SVP, CHIEF MEDICAL OFFICER owns now total 141,543.

Among the insiders who sold shares, Eaton Bruce disposed of 103 shares on Dec 05 ’23 at a per-share price of $10.90. This resulted in the EVP, CBO AND CTO holding 74,791 shares of EDIT after the transaction. In another insider transaction, Eaton Bruce sold 695 shares at $8.21 per share on Nov 14 ’23. Company shares held by the EVP, CBO AND CTO now total 74,894.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, EDIT has a high of $11.91 and a low of $5.11.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. EDIT’s latest balance sheet shows that the firm has $499.85M in Cash & Short Term Investments as of fiscal 2021. There were $26.38M in debt and $46.88M in liabilities at the time. Its Book Value Per Share was $4.27, while its Total Shareholder’s Equity was $553.64M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after 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 EDIT is Buy with a score of 3.88.

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