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Prime Medicine, Inc. (PRME)
NASDAQ:PRME
RESEARCH TOOLSreports
Prime Medicine, Inc. (PRME) Stock Price & Analysis
466 Followers
PRME Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$4.11 - $15.75
Previous Close$5.48
Volume910.96K
Average Volume (3M)945.58K
Market Cap
$657.77M
Enterprise Value$607.40M
Total Cash (Recent Filing)$94.16M
Total Debt (Recent Filing)$43.79M
Price to Earnings (P/E)―
Beta2.43
Next Earnings
Aug 05, 2024EPS Estimate
-$0.39Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-2.13
Shares Outstanding120,030,813
10 Day Avg. Volume1,019,420
30 Day Avg. Volume945,582
Standard Deviation0.18
R-Squared0.18
Alpha-0.07
Financial Highlights & Ratios
Price to Book (P/B)2.95
Price to Sales (P/S)4279.67
Price to Cash Flow (P/CF)-2.70
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue800.26
Enterprise Value/Gross Profit3.62K
Enterprise Value/Ebitda-3.10
Forecast
1Y Price Target
$15.14Price Target Upside186.74% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
Prime Medicine, Inc. News
Bulls Say, Bears Say
Bulls Say
FDA ClearanceFDA's clearance of PMD359 enables Prime to become a clinical stage biotech company.
PartnershipsConversations for potential partnerships, collaborations, and/or in-licensing transactions are ongoing.
Technology PotentialPrime editing is the only gene editing technology that could precisely correct nearly all types of genetic mutations in the genome in all kinds of tissues, organs, and cell types.
Bears Say
Delivery RisksPotential risks of getting delivery vehicles wrong for each asset was highlighted with Verve Therapeutics' news that asymptomatic laboratory abnormalities were attributable to its lipid nanoparticle delivery system.
Program ComplexityPrime’s most attractive programs are some of the most technically difficult and still early staged.
Sector WeaknessWeakness across the gene therapy/editing sector has put downward pressure on PRME's stock.
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Risk Analysis
Main Risk Category
Tech & InnovationRisks related to the company’s reliance on technology and ability to make innovative products
PRME FAQ
What was Prime Medicine, Inc.’s price range in the past 12 months?
Prime Medicine, Inc. lowest stock price was $4.11 and its highest was $15.75 in the past 12 months.
What is Prime Medicine, Inc.’s market cap?
Currently, no data Available
When is Prime Medicine, Inc.’s upcoming earnings report date?
Prime Medicine, Inc.’s upcoming earnings report date is Aug 05, 2024 which is in 33 days.
How were Prime Medicine, Inc.’s earnings last quarter?
Prime Medicine, Inc. released its earnings results on May 10, 2024. The company reported -$0.44 earnings per share for the quarter, beating the consensus estimate of -$0.455 by $0.015.
Is Prime Medicine, Inc. overvalued?
According to Wall Street analysts Prime Medicine, Inc.’s price is currently Undervalued.
Does Prime Medicine, Inc. pay dividends?
Prime Medicine, Inc. does not currently pay dividends.
What is Prime Medicine, Inc.’s EPS estimate?
Prime Medicine, Inc.’s EPS estimate is -$0.39.
How many shares outstanding does Prime Medicine, Inc. have?
Prime Medicine, Inc. has 120,030,815 shares outstanding.
What happened to Prime Medicine, Inc.’s price movement after its last earnings report?
Prime Medicine, Inc. reported an EPS of -$0.44 in its last earnings report, beating expectations of -$0.455. Following the earnings report the stock price went down -1.923%.
Which hedge fund is a major shareholder of Prime Medicine, Inc.?
Among the largest hedge funds holding Prime Medicine, Inc.’s share is ARK Investment Management LLC. It holds Prime Medicine, Inc.’s shares valued at 42M.
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Prime Medicine, Inc. Stock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$15.14 (186.74% Upside)
$15.14 (186.74% Upside)
Blogger Sentiment
Bullish
PRME Sentiment 100%
Sector Average 72%
Sector Average 72%
Hedge Fund Trend
Increased
By 4.0M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Neutral
Last 7 Days ▼ 1.2%
Last 30 Days ▲ 1.0%
Last 30 Days ▲ 1.0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-62.59%
12-Months-Change
Fundamentals
Return on Equity
-78.27%
Trailing 12-Months
Asset Growth
-1.76%
Trailing 12-Months
Company Description
Prime Medicine, Inc.
Prime Medicine Inc is a biotechnology company committed to delivering genetic therapies to address diseases by deploying gene editing technology, Prime Editing. The Prime Editing technology is a next-generation technology that can search and replace to restore normal genetic function in the genome and can treat a wide spectrum of diseases with high unmet medical needs.
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PRME Stock 12 Month Forecast
Average Price Target
$15.14
▲(186.74% Upside)
Technical Analysis
Best Analysts Covering PRME
1 Year
1 Year Success Rate
1/5 ratings generated profit
1 Year Average Return
-15.48%
reiterated a buy rating 2 months ago
Copying Justin Walsh's trades and holding each position for 1 Year would result in 20.00% of your transactions generating a profit, with an average return of -15.48% per trade.
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