Editas Medicine Inc. (EDIT) Sees Unusually-High Trading Volume
Editas Medicine Inc. (NASDAQ:EDIT) shares saw unusually-strong trading volume on Thursday . Approximately 283,829 shares changed hands during mid-day trading, an increase of 31% from the previous session’s volume of 217,243 shares.The stock last traded at $18.00 and had previously closed at $19.06.
A number of analysts have recently weighed in on EDIT shares. Vetr upgraded Editas Medicine from a “hold” rating to a “buy” rating and set a $32.50 target price for the company in a research note on Monday, May 9th. Cowen and Company restated a “buy” rating on shares of Editas Medicine in a research note on Monday, May 16th. Zacks Investment Research lowered Editas Medicine from a “hold” rating to a “sell” rating in a research note on Wednesday, May 18th. Finally, Jefferies Group assumed coverage on Editas Medicine in a research note on Thursday, June 2nd. They issued a “hold” rating and a $35.00 target price for the company. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $33.50.
The stock’s market capitalization is $660.99 million. The company has a 50 day moving average price of $24.17 and a 200 day moving average price of $29.26.
Editas Medicine (NASDAQ:EDIT) last released its earnings results on Tuesday, August 9th. The company reported ($0.54) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.54). Equities research analysts anticipate that Editas Medicine Inc. will post ($2.59) EPS for the current year.
Editas Medicine, Inc, formerly Gengine, Inc, is a genome editing company. The Company is engaged in treating patients with genetically defined diseases by correcting their disease-causing genes. It operates through developing and commercializing genome editing technology segment. It is developing a genome editing platform based on clustered, regularly interspaced short palindromic repeats (CRISPR)/CRISPR associated protein 9 (Cas9) technology.
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