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.

COPYRIGHT VIOLATION NOTICE: "Editas Medicine, Inc. (NASDAQ:EDIT) Expected to Announce Quarterly Sales of $2.88 Million" was first posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this piece on another website, it was stolen and reposted in violation of USA & worldwide copyright and trademark law. The correct version of this news story can be viewed at

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.

Like this



11 August 2017
Fiesta Restaurant Group, Inc. (FRGI) moved with flow of 9.79% on Tuesday
Guggenheim Capital LLC purchased a new stake in shares of Fiesta Restaurant Group during the fourth quarter valued at $225,000. For the past 5 years, the company's revenue has grown -2.8%, while the company's earnings per share has grown -0.7%.

11 August 2017
NYPD Officer Shot in Cypress Hills, Officials Say
The shooting happened near Ridgewood Avenue and Essex Street at about 4:35 p.m., according to FDNY and NYPD officials. A police officer was shot in Brooklyn by a man believed to be emotionally disturbed, an NYPD spokeswoman said.

11 August 2017
USA stocks fall on North Korea concerns
The U.S. currency was down 0.4 percent at 109.865 yen JPY= , following a retreat to 109.835, its weakest since mid-June. After the bell, Twenty-First Century Fox (FOXA.O) shares were up 0.7 percent following the release of its results.

11 August 2017
Dollar falls below ¥110 in Tokyo on North Korea risks
The Navy used the island as a coaling base and communications station until Japan seized the island on December 10, 1941. It did so to compensate for US forces diverted from other bases in the Asia-Pacific region to fight in the Middle East.

11 August 2017
Trump Says Working With Mueller on Russia Probe, Denies Any Election Collusion
In the 2016 presidential election, then-candidate Trump received approximately 4 percent of the vote in the nation's capital. Trump has long derided Mueller's probe, calling it a " witch hunt " and suggesting his team is "biased".

11 August 2017
Almost seven in 10 judge Congress a failure so far
Republicans themselves are evenly split 44% to 44% on whether the GOP-led Congress has been a success or failure so far. Since the legislative failure, Trump has been hammering away at Senate leadership to come up with another plan.

11 August 2017
Airline employee delivers cancer patient's crucial lost luggage
Hurt posted the note on Facebook , where it reached Rowan's boss and was shared this week on Southwest's Facebook page. And without the rosary, Hurt said she would have felt "distraught and uncomfortable and scared".

11 August 2017
Bank of New York Mellon Corp
Argentiere Capital Ag increased Ishares (Put) (EWZ) stake by 2.60M shares to 4.60 million valued at $9.01 million in 2016Q4. Bank Of New York Mellon Corporation ( NYSE BK ) traded up 0.46% during mid-day trading on Wednesday, hitting $54.04.

11 August 2017
Ellen DeGeneres: I was bullied after coming out
DeGeneres married actress Portia De Rossi, 44, in 2008 after almost four years of dating. As she looks to a brighter future, DeGeneres added: "My motto is, 'I do my best".

11 August 2017
Gorka publicly shuns Tillerson's effort to scale back North Korea red line
While addressing the conflict, Tillerson said he did not believe a new diplomatic strategy was needed. In more tranquil terms, Tillerson sought to explain the thinking behind Trump's warning.