Beam Therapeutics Inc (NASDAQ: BEAM) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.

Stocks Info

Beam Therapeutics Inc is listed on the NASDAQ as a member of the Healthcare sector and is a part of the Biotechnology industry. The current market capitalization of Beam Therapeutics Inc is $2.04B. A total of 0.88 million shares were traded on the day, compared to an average of 959.18K shares.

In the most recent transaction, Burrell Terry-Ann bought 185,565 shares of BEAM for 23.00 per share on Oct 07 ’24. In a previous transaction on Oct 01 ’24, Bellon Christine sold 385 shares at 23.48 per share. BEAM shares that Chief Legal Officer owns now total 104,209.

Among the insiders who sold shares, Cavanagh Bethany J disposed of 289 shares on Oct 01 ’24 at a per-share price of $23.48. This resulted in the SVP, Finance and Treasurer holding 44,931 shares of BEAM after the transaction. In another insider transaction, Evans John M. sold 60,000 shares at $24.60 per share on Sep 30 ’24. Company shares held by the CEO now total 938,659.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, BEAM has a high of $49.50 and a low of $16.95.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. BEAM’s latest balance sheet shows that the firm has $965.65M in Cash & Short Term Investments as of fiscal 2021. There were $142.35M in debt and $213.44M in liabilities at the time. Its Book Value Per Share was $10.37, while its Total Shareholder’s Equity was $826.74M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BEAM is Buy with a score of 4.13.

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