Beam Therapeutics Inc. (NASDAQ:BEAM) shares fell to a low of $84.0801 before closing at $87.91. Intraday shares traded counted 0.39 million, which was 55.51% higher than its 30-day average trading volume of 873.82K. BEAM’s previous close was $85.80 while the outstanding shares total 60.21M. The stock’s Relative Strength Index (RSI) is 68.67, with weekly volatility at 5.76% and ATR at 5.92. The BEAM stock’s 52-week price range has touched low of $18.76 and a $126.90 high. The stock traded higher over the last trading session, gaining 2.46% on 06/10/21.
Investors have identified the Biotechnology company Beam Therapeutics Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $5.31 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Beam Therapeutics Inc. (BEAM) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 514.58 million total, with 102.09 million as their total liabilities.
BEAM were able to record -50.06 million as free cash flow during the 08/18/2021 quarter of the year, this saw their quarterly net cash flow reduce by -64.93 million. In cash movements, the company had a total of -38.58 million as operating cash flow.
Potential earnings growth for Beam Therapeutics Inc. (BEAM)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/18/2021 quarter of the year, Beam Therapeutics Inc. recorded a total of 6000.0 in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 0.0% coming in sequential stages and their sales for the 08/18/2021 quarter reducing by 0.0%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 6000.0 trying to sell their products during the last quarter, with the result yielding a gross income of 200.38 million. This allows shareholders to hold on to 60.21M with the recently reported earning now reading -3.35 cents per share. This is a figure that compared to analyst’s prediction for their 08/18/2021 (-3.35 cents a share).
Having a look at the company’s valuation, the company is expected to record -3.20 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on BEAM sounds very interesting.
Is the stock of BEAM attractive?
In related news, CEO, Evans John M. sold 25,000 shares of the company’s stock in a transaction that recorded on Apr 21. The sale was performed at an average price of 70.49, for a total value of 1,762,216. As the sale deal closes, the CFO, Burrell Terry-Ann now sold 25,000 shares of the company’s stock, valued at 2,044,485. Also, President & CSO, Ciaramella Giuseppe sold 43,842 shares of the company’s stock in a deal that was recorded on Dec 30. The shares were price at an average price of 83.26 per share, with a total market value of 3,650,144. Following this completion of acquisition, the CEO, Evans John M. now holds 22,300 shares of the company’s stock, valued at 1,894,125. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.80%.
5 out of 9 analysts covering the stock have rated it a Buy, while 4 have maintained a Hold recommendation on Beam Therapeutics Inc.. 0 analysts has assigned a Sell rating on the BEAM stock. The 12-month mean consensus price target for the company’s shares has been set at $94.57.