Featured Stock to Focus: Editas Medicine Inc. (EDIT)

Editas Medicine, Inc. (NASDAQ:EDIT) has declined 45.48% since February 3, 2017 and is downtrending. There are brokerage firms with lower targets than the average, including one setting a price target of $27. The company's Relative Strength Index which shows price strength now stands at 58.65. SunTrust Banks also issued estimates for Editas Medicine's FY2019 earnings at ($3.08) EPS, FY2020 earnings at ($3.33) EPS, FY2021 earnings at ($3.33) EPS and FY2022 earnings at ($3.57) EPS.

Several other equities research analysts also recently weighed in on the company.

Editas Medicine, Inc. (EDIT) exchanged hands at an unexpectedly high level of 2.5 million shares over the course of the day. ValuEngine upgraded shares of Editas Medicine from a "sell" rating to a "hold" rating in a research note on Saturday, September 30th. BidaskClub upgraded Editas Medicine from a "buy" rating to a "strong-buy" rating in a research note on Tuesday. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. After keeping Technical check on movement of stock price comparison to its moving averages like 20, 50 and 200 SMA, we detected following trends of EDIT.

Shares of Editas Medicine (EDIT) traded down $1.77 during trading on Wednesday, reaching $34.80. Overall, the share price is up 12.18% so far this year.

Shares of Editas Medicine Cmn (NASDAQ:EDIT) now have an Average Brokerage Recommendation of 2, number of Recs in ABR is 6 while industry rank of the company by ABR is 194 out of 265.

Whereas they predicted High and Low Earnings Estimate as $-0.52 and $-1.36 respectively. The stock has a market cap of $1,730.00 and a price-to-earnings ratio of -12.12.

Editas Medicine (NASDAQ:EDIT) last announced its quarterly earnings results on Tuesday, November 7th. The company reported ($0.64) EPS for the quarter, missing the Zacks' consensus estimate of ($0.60) by ($0.04). During the same quarter a year ago, the business earned ($0.59) EPS. Oppenheimer Holdings, Inc. reiterated a "market perform" rating on shares of Editas Medicine in a research report on Tuesday, July 18th.

In other news, insider Katrine Bosley sold 8,333 shares of the company's stock in a transaction that occurred on Friday, December 1st. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

In related news, CFO Andrew A.F. Hack sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $38.79, for a total transaction of $775,800.00. Following the completion of the transaction, the chief financial officer now directly owns 5,000 shares in the company, valued at $124,050. The disclosure for this sale can be found here. The Firm has ATR of 2.86 that is explaining range of a day's trading is high-low; ATR expands it to yesterday's closing price if it was outside of latest range.

Hedge funds have recently bought and sold shares of the stock. State Street Corp boosted its holdings in Editas Medicine by 305.4% in the second quarter. Shares are now up over the past year, outperforming the broad market by -100% and outperformed a peer group of similar companies by 178%. Editas Medicine Cmn (NASDAQ:EDIT) has trailing twelve month Return on Assets of -37.1%, which is key indicator of how profitable a company is relative to its total assets. Ark Investment Management LLC boosted its position in shares of Editas Medicine by 121.9% in the second quarter. Global Thematic Partners LLC now owns 614,052 shares of the company's stock valued at $18,869,000 after acquiring an additional 49,011 shares during the period. Finally, Northern Trust Corp raised its position in shares of Editas Medicine by 245.9% in the second quarter. Northern Trust Corp now owns 373,149 shares of the company's stock worth $6,261,000 after buying an additional 265,273 shares in the last quarter. State Street Corp now owns 537,640 shares of the company's stock valued at $9,022,000 after buying an additional 405,022 shares during the last quarter. Company insiders own 19.40% of the company's stock.

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While having a peek at profitability ratios Editas Medicine Cmn (NASDAQ:EDIT) has trailing twelve month gross margin at 0%, its trailing twelve month operating margin stands at 0% whereas its trailing twelve month net profit margin spots at 0%.

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