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How to Buy Editas Medicine Stock

Editas Medicine Inc

Editas Medicine, Inc. , a clinical stage genome editing company, focuses on developing transformative genomic medicines to treat a range of serious diseases.

Editas Medicine stock last closed at $7.42, down 0.27% from the previous day, and has increased 4.36% in one year. It has overperformed other stocks in the Biotechnology industry by 0.09 percentage points. Editas Medicine stock is currently +22.04% from its 52-week low of $6.08, and -37.7% from its 52-week high of $11.91.

There are currently 81.81M EDIT shares outstanding. The market value of EDIT is $607.06M. In the past 24 hours, 1.52M EDIT shares were traded.

How to Buy Editas Medicine Stock

Wondering how to invest in Editas Medicine stock? Here's how.
  1. Figure out where to buy Editas Medicine stock: You need to pick an online brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you decide where to buy Editas Medicine stock.
  2. Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
  3. Fund your brokerage account: Choose your method of payment and add your details.
  4. Research Editas Medicine stock: The Editas Medicine ticker symbol is EDIT. Is Editas Medicine stock a good investment? Should you buy shares of EDIT? How do EDIT's underlying business fundamentals look? Do top analysts think Editas Medicine is a good buy? Why has EDIT's stock price moved recently? (Hint: Our stock market analysis website can help you decide if EDIT is a good stock to buy).
  5. Execute your EDIT trade: Decide if you will purchase EDIT shares at the current market price or use a limit order to purchase EDIT shares at a given price.
  6. Get notifications regarding your EDIT investment: Create a watchlist to keep tabs on your position in Editas Medicine shares.

Step 1: Figure out where to buy Editas Medicine stock

You will need a brokerage account to access the NASDAQ market and buy EDIT stock.

A brokerage account is an investment account that enables you to buy and sell a variety of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Sign up for your brokerage account

Now that you've picked the right brokerage, you need to fill out some personal details so you can invest in EDIT today.

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  2. Input your personal details to start a new trading account.
  1. Send your details by hitting the "Create Account" button.
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Step 3: Fund your brokerage account

Now that you have created your account on investing apps, you need to deposit funds:

Watch the tutorial below for more details depositing funds into your new brokerage account.

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Step 4: Research Editas Medicine stock

After you have chosen the best place to buy Editas Medicine stock, it's crucial to analyze their stock prior to buying, so you can wrap your head around the risk as well as the opportunity.

Editas Medicine Numbers

EDIT Price
$7.42
1w %
-5.24%
1y %
4.36%
5y %
-68.6%
P/E
-3.67x
P/B
1.74x
P/S
7.22x
PEG
N/A
Revenue
$78.12M
Earnings
-$153.22M
Fore. Rev. Growth
9.55%
Fore. Earn. Growth
N/A
Market Cap
$607.06M
Next Earnings
May 3, 2024
Next Dividend
N/A

Fundamentals of EDIT

WallStreetZen was designed to help everyday investors perform better fundamental analysis in less time.

You can view all of the due diligence checks on EDIT's stock page.

How is EDIT stock valued?

Investors use a variety of different financial metrics, analyses, models, and charts to gauge EDIT's fair value.

Using relative valuations measures:

  • EDIT may be undervalued based on its P/B ratio of 1.74x, relative to Biotechnology industry P/B ratio of 6.21x

You can access more valuation research on EDIT's stock here.

EDIT Financial Health Summary

Positive Financial Indicators:

  • EDIT has cash burn of 136897000. It has enough cash and short-term investments to cover this for at least one year.
  • There are more short-term assets than long-term liabilities on the EDIT balance sheet.
  • EDIT has $323.11M in cash and short term investments. This is enough to cover its annual cash burn of $136.90M.
  • Total EDIT debt is lower than 5 years ago, relative to shareholder equity.
  • There are more short-term assets than short-term liabilities on the EDIT balance sheet.

Negative Financial Indicators:

  • EDIT has a relatively high debt to equity ratio of 0.43.
  • EDIT profit margin has gone up by 9.22 percentage points in the past year, but the company is still unprofitable.

Do Wall Street analysts think it's a good time to buy Editas Medicine stock

Out of 5 Wall Street analysts who give ratings on EDIT, the consensus analyst rating on Editas Medicine is a Buy

Please keep in mind that analyst ratings are not recommendations, nor are they financial advice.

You can dig deeper into what analysts are forecasting on the Editas Medicine stock forecast page.

EDIT Momentum

SMA10
7.63
SMA20
8.36
SMA50
8.1
SMA100
8.96
SMA200
8.58
MACD
-0.33
MACD Signal
-0.2
MACD Histogram
-0.13
RSI
40
Stochastic %K
7.04
Stochastic %D
4.23
StochRSI %K
13.96
StochRSI %D
6.95

How is EDIT performing as a company?

Last year, EDIT revenue was $78.12M. In the past five year, EDIT's revenue has increased by 19.59% per year. This was slower than the Biotechnology industry average of 29.51%.

You can analyze EDIT's earnings and revenue performance here.

Are EDIT insiders buying or selling the stock?

In the past year, insiders at EDIT have sold more shares than they have bought.

Gilmore Neil Oneill, CEO of EDIT, was the latest EDIT insider to sell. They sold $732,868.61 worth of EDIT shares on Mar 5, 2024.

Research more about who owns EDIT shares here.

Does EDIT provide a stable income stream?

No, Editas Medicine doesn't provide an income stream by paying out dividends.

What others are saying about EDIT

One of the major reasons eToro is our top-rated brokerage is because of its social trading community.

Click below to find out what other community members have to say.

Step 5: Execute your EDIT trade

You have two primary order types:

  • Market order: A market order is an order to buy or sell a stock at the best available price.
    Market orders are usually the best for newer investors.
  • Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
    If you want to be certain you're buying or selling at a specific price, place a limit order.

Hit the Open Trade button and eToro will place your order.

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Step 6: Get notifications regarding your EDIT investment

Now that you own some EDIT stock, you'll want to keep up with your stock purchase.

Start a watchlist to get alerted to the latest events about your EDIT stock.

EDIT Feed

How to Buy Stock in Editas Medicine

To summarize, here are the 6 steps to buy stock in Editas Medicine:

  1. Figure out where to buy Editas Medicine stock
  2. Sign up for your brokerage account
  3. Fund your brokerage account
  4. Research Editas Medicine stock
  5. Execute your EDIT trade
  6. Get notifications regarding your EDIT investment

If you are looking for a place to buy stocks, eToro is our favorite venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to watch your investment in Editas Medicine, create a watchlist on WallStreetZen today.

NASDAQ: EDIT
$7.42-0.02 (-0.27%)
Updated Mar 28, 2024
Open eToro Account
NASDAQ: EDIT
$7.42-0.02 (-0.27%)
Updated Mar 28, 2024
Open eToro Account

FAQ

How much does it cost to buy one Editas Medicine share?

As of Mar 28, 2024, it costs $7.42 to buy one share of Editas Medicine stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $3, you can buy 0.404 shares of EDIT.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Editas Medicine stock?

According to 5 Wall Street analysts who monitor Editas Medicine, their consensus recommendation is to buy Editas Medicine stock.

What is the best way to buy Editas Medicine stock?

One way to place an order for Editas Medicine stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.