Analysts Point To Prime Medicine Inc (NASDAQ: PRME) Growth In The Future

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

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Stocks Info

As a NASDAQ listed company, PRME falls under the Healthcare sector while operating within the Biotechnology industry segment. The current market capitalization of Prime Medicine Inc is $492.13M. A total of 0.71 million shares were traded on the day, compared to an average of 1.40M shares.

In the most recent transaction, NELSEN ROBERT bought 3,200,000 shares of PRME for 6.25 per share on Feb 15 ’24. After the transaction, the Director now owns 3,200,000 company shares. In a previous transaction on Feb 15 ’24, ARCH Venture Partners XII, LLC bought 3,200,000 shares at 6.25 per share. PRME shares that 10% Owner owns now total 3,200,000.

Among the insiders who bought shares, ARCH Venture Partners X, LLC acquired of 3,200,000 shares on Feb 15 ’24 at a per-share price of $6.25. This resulted in the 10% Owner holding 3,200,000 shares of PRME after the transaction.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, PRME has a high of $9.86 and a low of $3.28.

As of this writing, PRME has an earnings estimate of -$0.44 per share for the current quarter. EPS was calculated based on a consensus of 11.0 estimates, with a high estimate of -$0.35 per share and a lower estimate of -$0.48. The company reported an EPS of -$0.55 in the last quarter

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. PRME’s latest balance sheet shows that the firm has $269.62M in Cash & Short Term Investments as of fiscal 2021. There were $10.41M in debt and $57.98M in liabilities at the time. Its Book Value Per Share was $1.64, while its Total Shareholder’s Equity was $239.56M.

Analysts Opinion

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. 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 PRME is Buy with a score of 4.64.

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