Beam Therapeutics Inc (NASDAQ: BEAM) is -17.34% lower on its value in year-to-date trading and has touched a low of $18.18 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 $22.17 in the last trading session, with the day’s gains setting it 0.33%.
Currently trading at $22.50, the stock is -4.29% and -7.92% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.85 million and changing 1.49% at the moment leaves the stock -15.94% off its SMA200. BEAM registered 17.74% gain for a year compared to 6-month gain of 3.50%. The firm has a 50-day simple moving average (SMA 50) of $24.4356 and a 200-day simple moving average (SMA200) of $26.767075.
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The stock witnessed a -3.89% loss in the last 1 month and extending the period to 3 months gives it a -25.77%, and is 3.12% 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 3.98% over the week and 4.74% over the month.
Beam Therapeutics Inc (BEAM) has around 436 employees, a market worth around $1.85B and $352.57M in sales. Profit margin for the company is -40.56%. Distance from 52-week low is 23.76% and -54.55% from its 52-week high. The company has generated returns on investments over the last 12 months (-14.21%).
The EPS is expected to shrink by -172.03% this year
324.0 institutions hold shares in Beam Therapeutics Inc (BEAM), with institutional investors hold 94.92% of the company’s shares. The shares outstanding are 81.63M, and float is at 71.66M with Short Float at 15.57%. Institutions hold 93.50% of the Float.
The top institutional shareholder in the company is FARALLON CAPITAL MANAGEMENT LLC with over 7.91 million shares valued at $185.4 million. The investor’s holdings represent 9.6857 of the BEAM Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 7.9 million shares valued at $185.11 million to account for 9.6701 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 7.63 million shares representing 9.3446 and valued at over $178.87 million, while ARK INVESTMENT MANAGEMENT LLC holds 9.3345 of the shares totaling 7.63 million with a market value of $178.68 million.
Beam Therapeutics Inc (BEAM) Insider Activity
The most recent transaction is an insider sale by Ciaramella Giuseppe, the company’s President. SEC filings show that Ciaramella Giuseppe sold 51,110 shares of the company’s common stock on Oct 14 ’24 at a price of $26.27 per share for a total of $1.34 million. Following the sale, the insider now owns 0.16 million shares.
Still, SEC filings show that on Oct 07 ’24, Burrell Terry-Ann (Officer) Proposed Sale 185,565 shares at an average price of $23.00 for $4.27 million. The insider now directly holds shares of Beam Therapeutics Inc (BEAM).
