Prime Medicine Inc (NASDAQ: PRME) is -33.22% lower on its value in year-to-date trading and has touched a low of $1.65 and a high of $8.27 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 PRME stock was last observed hovering at around $1.95 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $1.95, the stock is -5.32% and -22.19% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.08 million and changing 0.00% at the moment leaves the stock -49.02% off its SMA200. PRME registered -71.86% loss for a year compared to 6-month loss of -45.83%. The firm has a 50-day simple moving average (SMA 50) of $2.5225 and a 200-day simple moving average (SMA200) of $3.84945.
The stock witnessed a -26.42% gain in the last 1 month and extending the period to 3 months gives it a -32.76%, and is -2.50% down 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 9.21% over the week and 10.51% over the month.
Prime Medicine Inc (PRME) has around 214 employees, a market worth around $255.76M and $2.98M in sales. Profit margin for the company is -6566.61%. Distance from 52-week low is 18.18% and -76.42% from its 52-week high. The company has generated returns on investments over the last 12 months (-102.92%).
The EPS is expected to grow by 27.26% this year
172.0 institutions hold shares in Prime Medicine Inc (PRME), with institutional investors hold 77.61% of the company’s shares. The shares outstanding are 131.16M, and float is at 51.92M with Short Float at 37.38%. Institutions hold 59.05% of the Float.
The top institutional shareholder in the company is ALPHABET INC. with over 15.06 million shares valued at $77.42 million. The investor’s holdings represent 12.6375 of the PRME Shares outstanding. As of 2024-06-30, the second largest holder is ARK INVESTMENT MANAGEMENT LLC with 6.13 million shares valued at $31.49 million to account for 5.1404 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 5.11 million shares representing 4.2877 and valued at over $26.27 million, while FMR LLC holds 3.2955 of the shares totaling 3.93 million with a market value of $20.19 million.
