With 2.94 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.32 million shares. The 52-week range on EDIT shows that it touched its highest point at $9.60 and its lowest point at $1.12 during that stretch. It currently has a 1-year price target of $3.78. Beta for the stock currently stands at 2.06.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of EDIT was down-trending over the past week, with a drop of -16.48%, but this was up by 17.60% over a month. Three-month performance dropped to -23.04% while six-month performance fell -59.05%. The stock lost -83.39% in the past year, while it has gained 15.75% so far this year. A look at the trailing 12-month EPS for EDIT yields -2.88 with Next year EPS estimates of -1.06. For the next quarter, that number is -0.56. This implies an EPS growth rate of 50.77% for this year and 25.07% for next year. EPS is expected to grow by 23.95% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -1.48%.
Float and Shares Shorts:
At present, 82.73 million EDIT shares are outstanding with a float of 82.23 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for EDIT since 9 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$2.3218 being high and -$3.03926 being low. For EDIT, this leads to a yearly average estimate of -$2.70046. Based on analyst estimates, the high estimate for the next quarter is -$0.31 and the low estimate is -$0.55. The average estimate for the next quarter is thus -$0.43.
