Editas Medicine (EDIT) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $3.05 to $3.25
• 50-Day Range: $2.88 to $3.95
• 52-Week Range: $2.70 to $11.69
• Volume: 1.51 million shs
• Average Volume: 1.93 million shs
• Market Capitalization: $253.43 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $9.08
• Consensus Rating: Moderate Buy

Editas Medicine Stock Analysis - MarketRank™

Editas Medicine scored higher than 93% of companies evaluated by MarketBeat, and ranked 92nd out of 986 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Editas Medicine has received a consensus rating of Moderate Buy. The company's average rating score is 2.54, and is based on 7 buy ratings, 6 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Editas Medicine has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Editas Medicine are expected to grow in the coming year, from ($2.88) to ($2.72) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Editas Medicine is -1.20, 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. Sector

The P/E ratio of Editas Medicine is -1.20, 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 Ratio

Editas Medicine has a P/B Ratio of 1.44. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

20.88% of the outstanding shares of Editas Medicine have been sold short.

Short Interest Ratio / Days to Cover

Editas Medicine has a short interest ratio ("days to cover") of 8.8.

Change versus previous month

Short interest in Editas Medicine has recently decreased by 5.95%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Editas Medicine does not currently pay a dividend.

Dividend Growth

Editas Medicine does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 4.6 / 5
• Environmental Score: -0.78

Percentage of Shares Shorted

20.88% of the outstanding shares of Editas Medicine have been sold short.

Short Interest Ratio / Days to Cover

Editas Medicine has a short interest ratio ("days to cover") of 8.8.

Change versus previous month

Short interest in Editas Medicine has recently decreased by 5.95%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.7 / 5
• News Sentiment: 0.12

News Sentiment

Editas Medicine has a news sentiment score of 0.12. 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 lower news sentiment than the 0.63 average news sentiment score of Medical companies.

News Coverage This Week

MarketBeat has tracked 25 news articles for Editas Medicine this week, compared to 4 articles on an average week.

Search Interest

Only 11 people have searched for EDIT on MarketBeat in the last 30 days. This is a decrease of -27% compared to the previous 30 days.

MarketBeat Follows

Only 7 people have added Editas Medicine to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In 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 $7,090.00 in company stock.

Percentage Held by Insiders

Only 1.90% of the stock of Editas Medicine is held by insiders.

Percentage Held by Institutions

71.90% of the stock of Editas Medicine is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

EDIT Stock Analysis - Frequently Asked Questions

How have EDIT shares performed this year?

Editas Medicine's stock was trading at $10.13 at the beginning of the year. Since then, EDIT stock has decreased by 69.7% and is now trading at $3.07.
View the best growth stocks for 2024 here.

How were Editas Medicine's earnings last quarter?

Editas Medicine, Inc. (NASDAQ:EDIT) announced its quarterly earnings data on Monday, November, 4th. The company reported ($0.75) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.75). The company's revenue was down 98.9% on a year-over-year basis.

When did Editas Medicine IPO?

Editas Medicine (EDIT) raised $100 million in an 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 acted 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 top institutional shareholders include Charles Schwab Investment Management Inc. (0.75%), Jennison Associates LLC (0.29%), Hennion & Walsh Asset Management Inc. (0.28%) and GSA Capital Partners LLP (0.22%). Insiders that own company stock include Gilmore Neil O'neill, Baisong Mei, Michelle Robertson, Bruce Eaton, Linda Burkly, Jessica Hopfield, Mark S Shearman and Lisa Anne Michaels.
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.

What other stocks do shareholders of Editas Medicine own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Editas Medicine investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), CRISPR Therapeutics (CRSP), Tesla (TSLA), Enovix (ENVX) and Luminar Technologies (LAZR).

Company Calendar

• Last Earnings: 11/04/2024
• Today: 11/12/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/26/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Medical
• Industry: Biological products, except diagnostic
• Sub-Industry: Pharmaceutical Products
• Current Symbol: NASDAQ:EDIT
• CUSIP: N/A
• CIK: 1650664
• Web: www.editasmedicine.com
• Phone: (617) 401-9000
• Fax: N/A
• Employees: 230
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $9.08
• High Stock Price Target: $15.00
• Low Stock Price Target: $3.00
• Potential Upside/Downside: +195.9%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.54
• Research Coverage: 13 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($2.56)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-153,220,000.00
• Net Margins: -340.96%
• Pretax Margin: -340.96%
• Return on Equity: -80.13%
• Return on Assets: -50.99%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 3.75
• Quick Ratio: 3.85

Sales & Book Value

• Annual Sales: $78.12 million
• Price / Sales: 3.24
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $2.13 per share
• Price / Book: 1.44

Miscellaneous

• Outstanding Shares: 82,550,000
• Free Float: 80,980,000
• Market Cap: $253.43 million
• Optionable: Optionable
• Beta: 2.01