Editas Medicine, Inc. (NASDAQ:EDIT) Stock Rating Reaffirmed by Cann

Equities research analysts forecast that Editas Medicine will post ($3.04) earnings per share for the current fiscal year.

Currently, the stock carries a price to earnings ratio of 0, a price to book ratio of 6, and a price to sales ratio of 4.88.

Editas Medicine, Inc. (EDIT) failed to surprise the stock market in its last reported earnings when it earned -$0.85 a piece versus the consensus-estimated -$0.61. The company reported ($0.65) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.64) by $0.01. The company had revenue of $3.10 million for the quarter, compared to the consensus estimate of $2.20 million. The return on equity ratio or ROE stands at -63.3 percent while most common profitability ratio return on investment (ROI) was -54.1 percent. The firm's quarterly revenue was down 8.8% compared to the same quarter a year ago. Next quarter's EPS is estimated at $-0.71 and the next full year EPS is anticipated to be $-3.18.

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Several other equities analysts have also recently commented on the stock. Zacks Investment Research cut Editas Medicine from a "buy" rating to a "hold" rating in a report on Tuesday, July 18th. They issued a "buy" rating on the stock. SunTrust Banks, Inc. assumed coverage on Editas Medicine in a research note on Thursday, July 13th. The longer the bull market run, the tougher the investing decisions might be for the stock picker. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. The company presently has a consensus rating of Buy and an average target price of $25.03.

Editas Medicine (EDIT) opened at 17.98 on Wednesday. The company's market capitalization is $644.33 million. This indicator compares the closing price of a stock in relation to the highs and lows over a certain time period. The firm's 50 day moving average is $16.99 and its 200 day moving average is $18.99. State Street Corp increased its position in shares of Editas Medicine by 2.4% in the fourth quarter. TD Asset Management Inc. now owns 33,770 shares of the company's stock valued at $754,000 after buying an additional 2,800 shares during the period. Creative Planning boosted its stake in Editas Medicine by 8,910.9% in the second quarter. Schwab Charles Investment Management Inc. increased its position in shares of Editas Medicine by 8.4% in the first quarter. Also, Director Kevin Bitterman sold 1,000,000 shares of Editas Medicine stock in a transaction dated Monday, May 22nd. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. The transaction was disclosed in a document filed with the SEC, which is available through this link.

In other news, Director Boris Nikolic bought 35,000 shares of the business's stock in a transaction that occurred on Friday, June 2nd. The shares were bought at an average cost of $14.15 per share, for a total transaction of $56,600.00.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions.

Editas Medicine, Inc. engages in the development and commercialization of genome editting technology. It is engaged in treating patients with genetically defined diseases by correcting their disease-causing genes. The Company operates through developing and commercializing genome editing technology segment.

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