With 3.07 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.05 million shares. The 52-week range on EDIT shows that it touched its highest point at $11.58 and its lowest point at $1.12 during that stretch. It currently has a 1-year price target of $5.36. Beta for the stock currently stands at 1.88.
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 up-trending over the past week, with a rise of 6.90%, but this was up by 34.78% over a month. Three-month performance dropped to -22.82% while six-month performance fell -50.92%. The stock lost -76.54% in the past year, while it has gained 46.46% so far this year. A look at the trailing 12-month EPS for EDIT yields -2.56 with Next year EPS estimates of -1.39. For the next quarter, that number is -0.38. This implies an EPS growth rate of -33.69% for this year and 48.37% for next year. EPS is expected to grow by 15.23% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 2.88%.
Float and Shares Shorts:
At present, 82.54 million EDIT shares are outstanding with a float of 81.78 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 -$0.39 and the low estimate is -$0.71. The average estimate for the next quarter is thus -$0.51.
