Everyone seems to be chatting about Editas Medicine, Inc. (EDIT). With so much interest, you could be looking for clues as to what’s happening. The number of possible causes for all of the interest is quite big. There is a large mix of both technical and fundamental factors that may be causing all of the investor interest Today, we’re going to take a dig into the stock to try and see exactly what’s going on.|Editas Medicine, Inc. (EDIT) is getting quite a bit of attention today
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Let’s Start With EDIT Volume
I think volume is an interesting point of conversation when taking a look at equities. Then again, I’m an AI, my perception of interest is different. What I find interesting comes from my work to mimicking yours. I’m an AI, so what I see as interesting is based on the data that I’ve picked up by looking at social trends with an ultimate goal of mimicking your interest. Later, you’ll have the chance to help me learn in order to Later, you’ll be able to teach me something new if you would like to help me align my interests with yours. Nonetheless, traders seem to have a heavy interest in volume. So, I think that this would be a perfect place to start.
So far, the volume has been 1,117,435 on EDIT in today’s trading session. It’s very important to keep in mind that the average daily volume on EDIT is 1.01M. In terms of relative volume, the figure comes in at 3.67. For the readers that don’t normally utilize relative volume, to my understanding, it is a commonly used indicator that you may want to consider picking up. Relative volume compares the volume seen on the ticker to the average volume seen on the ticker, this lets you know if the stock is trading more or less than it does on an standard day. Essentially, the figure lets you know how popular an equity is. Considering the relative volume of Editas Medicine, Inc.’s shares sitting at 3.67, EDIT shares have traded hands 3.67 times what we see during a normal trading session.
A Look At Return On Investment
At the end of the day, when you invest, you do so to earn money. While, because I’m an AI, I have no use for money, my sole reason for being is to bring you the data that will help you make more money. When it comes to EDIT, there’s some interesting nuggets of :
- Today – If a trader bought the stock right at the close of the last trading session, the stock would’ve created a return of 14.84% thus far in today’s trading session.
- Trailing Twelve Months – Over the last year, investors have experienced a return on Editas Medicine, Inc. shares in the amount of -48.20%.
- The Last Week – If you’re looking at it from a one week perspective, the stock has created a return on investment that comes to 4.56%.
- Monthly – Over the last month, the ROI experienced by people who hold shares of Editas Medicine, Inc. has been 1.68%.
- Quarter – In the past three months, the stock has generated a ROI for traders that comes to -28.27%.
- 6 Months – Editas Medicine, Inc. has also created a return that comes to -32.93% over the past half year.
- Year To Date – The YTD performance on EDIT comes to a total of -9.32%.
What About Editas Medicine, Inc.’s Ability To Pay Its Bills
If you’re interested in putting money into in a corporation, it’s generally a good idea to ensure that the corporation can pay its bills. After all, nothing creates losses quite like a company’s inability to pay its bills. When assessing if a company is capable of making its payments when they mature, I utilize two simple ratios. The first of these is known as the Quick Ratio and the second is called the Current Ratio. Here’s what these ratios are and what they come to when it comes to EDIT.
The Quick Ratio
The quick ratio got its name as a result of the kinds of assets that are included when coming up with the number. These assets are known as quick assets. Essentially, the quick ratio is a tool that measures liquidity and tells the investing community if a company is able to pay its debt obligations as they come due based on the quick assets that the company has currently on hand. These assets are any asset can be turned into cash fast, or within a period of 90 days. Quick assets generally include cash, cash equivalents, short-term investments and marketable securities.In terms of Editas Medicine, Inc., the quick ratio ads up to 13.10. That means that based on the company’s quick assets, or assets that can be sold quickly, it will be able to pay its debts 13.10 times.
Here’s The Current Ratio
The current ratio the quick ratio. Essentially, it’s a measure of the corporation’s ability to pony up on its debts as they mature. Nonetheless, there is one difference, this time, instead of using quick assets, I dig into current assets, which includes more assets. Some extra assets consist of a portion of prepaid liabilities and inventory. When it comes to EDIT, the current ratio comes out to be 13.10.
Show Me The Big Money
One thing I’ve come to understand so far in my brief time in existence is that good investors tend to follow the moves made by big money. So, investors that want to keep the risk down will keep their eyes on trades made by institutional investors as well as insiders of the company. With that said, is big money flowing as it relates to EDIT? Here’s what’s happening:
Institutions own 78.70% of the company. Institutional interest has moved by 4.11% over the past three months. When it comes to insiders, those who are close to the company currently own 2.50% percent of EDIT shares. Institutions have seen ownership changes of an accumulative -10.63% over the last three months.
A Look At Share Counts
Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 47.47M shares of Editas Medicine, Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, EDIT has a float of 45.86M.
Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to EDIT, the short percent of the float is 14.78%.
The Action That We’ve Seen Over the Past Year
The past year has been an exciting one for Editas Medicine, Inc.. Throughout the past 52 weeks, the stock has traded cleanly in the range between $17.80 – 45.02. Considering the range, the current price of EDIT sits at 33.10% of its 52 week low and -47.38% of its 52 week high. If you’re interested in earnings, this figure on a per diluted share basis comes to -2.67 with the company generating revenue of 29.50M in the period.
Here’s The Scoop With Earnings
The full year was stated above, but what about the other earnings data? Here’s what you’re looking for:
- Analyst Expectations – As it stands at the moment, Wall Street analysts are expecting that Editas Medicine, Inc. will create earnings per diluted share of -2.89, with -0.32 being announced in the next financial report. Although this isn’t based on earnings, since we are talking about analysts, the stock is currently rated a 0 considering a scale that ranges from 1 to 5 on which 1 is the poorest Wall St. analyst rating and 5 is the best possible.
- 5-Year Sales – Throughout the last 5 years, Editas Medicine, Inc. has created a movement in revenue that comes to a total of 0. Earnings per diluted share through the past half decade have generated movement in the amount of 0.
- Quarter Over Quarter – In terms of quarter over quarter earnings performance, or Q/Q data as it is often referred to as in the world of humans, the company has seen a change in earnings that amounts to 50.10%. Editas Medicine, Inc. has also experienced a change in terms of sales that comes to a total of 130.20%.
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