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Beam Therapeutics Inc (BEAM) Stock Could Soon Reward Patient Investors

Beam Therapeutics Inc (NASDAQ: BEAM) is -10.36% lower on its value in year-to-date trading and has touched a low of $16.95 and a high of $49.50 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BEAM stock was last observed hovering at around $23.21 in the last trading session, with the day’s gains setting it 1.19%.

Currently trading at $24.40, the stock is 1.51% and -1.65% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.11 million and changing 5.13% at the moment leaves the stock -8.41% off its SMA200. BEAM registered -27.06% loss for a year compared to 6-month loss of -15.13%.

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The stock witnessed a 8.25% gain in the last 1 month and extending the period to 3 months gives it a -33.28%, and is 0.08% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.87% over the week and 5.88% over the month.

Beam Therapeutics Inc (BEAM) has around 436 employees, a market worth around $2.01B and $360.91M in sales. Profit margin for the company is -37.33%. Distance from 52-week low is 43.95% and -50.71% from its 52-week high. The company has generated returns on investments over the last 12 months (-12.60%).

The EPS is expected to shrink by -176.27% this year.

Beam Therapeutics Inc (BEAM) Top Institutional Holders

The shares outstanding are 81.63M, and float is at 76.79M with Short Float at 18.99%.

Beam Therapeutics Inc (BEAM) Insider Activity

The most recent transaction is an insider sale by Simon Amy,the company’sChief Medical Officer. SEC filings show that Simon Amy sold 16,530 shares of the company’s common stock on Apr 02 ’24 at a price of $30.54 per share for a total of $0.5 million. Following the sale, the insider now owns 70060.0 shares.

Beam Therapeutics Inc disclosed in a document filed with the SEC on Apr 01 ’24 that Evans John M. (CEO) sold a total of 18,102 shares of the company’s common stock. The trade occurred on Apr 01 ’24 and was made at $32.13 per share for $0.58 million. Following the transaction, the insider now directly holds 1.06 million shares of the BEAM stock.

Still, SEC filings show that on Apr 01 ’24, Simon Amy (Chief Medical Officer) disposed off 7,157 shares at an average price of $32.13 for $0.23 million. The insider now directly holds 86,590 shares of Beam Therapeutics Inc (BEAM).

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