Home Analyst Ratings Stifel initiates Beam Therapeutics at Hold rating with $84 price target

Stifel initiates Beam Therapeutics [BEAM] at Hold rating with $84 price target

Stifel launched its Beam Therapeutics [BEAM] rating to the equivalent of Hold and assigned the price target of $84, in a research note dated 2021-01-06. That figure represents around a -0.08% premium from where the company’s shares closed on Tuesday. Some new analysts also started their coverage, with Wedbush’s analysts assigning the shares to “an Outperform” rating in a research note to investors issued in early March. Meanwhile, JP Morgan had launched its coverage on BEAM with “an Overweight”, in a research note produced for clients March 02, 2020. In addition, Jefferies launched coverage on March 02, 2020. The research firm rated BEAM “a Buy”.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

Is Beam Therapeutics Inc. [NASDAQ:BEAM] a Good Buy Right Now?

It should be noted that BEAM technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 100% Buy in the past month. Data from Beam Therapeutics Inc.’s Trend Spotter indicated that the signals were Strongest. The stock current average is 1.16 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 0.83 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.75 million shares.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


BEAM Price Performance

On Wall Street, Beam Therapeutics Inc. [NASDAQ:BEAM] finished Tuesday’s session up 1.12% at $84.07. The stock went up to $86.60 at the same session while its lowest single day price was $80.00. In the last five days, it saw a fall of about -12.09%, Beam Therapeutics Inc. shares gained by almost 2.98% since the beginning of the year. However, the share price has dropped to as low as -16.47% below its one year high.

BEAM Stock Support And Resistance Levels

On the 24-hour scale, the immediate backing is perceived around 80.51 level, and in case of violation of this particular level, it will cause more drop to 76.96 level. On the upper level, 90.16 is still the key resistance. The stock may increase to the subsequent resistance at 87.11. The Relative Strength Index (RSI) pinned on the 14-day chart is 61.06, implying a neutral technical stance while the MACD stands at -0.34, meaning price will decrease in the next trading period. Percent R indicator moved to 48.06%, implying low price movement. Stochastic %K at 48.69% suggest selling the stock.

What is the short interest in Beam Therapeutics Inc.?

Short interest in the Beam Therapeutics Inc. stock has surged, increasing by 0.44 million shares to total 3.26 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 3.7 million, data from Yahoo Finance shows. The decrease of -13.5% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 7.83% of the overall float for the stock.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

Beam Therapeutics Inc.’s Biggest Shareholders: Who Owns Beam Therapeutics Inc. [BEAM]?

Filings by Temasek Holdings Pte Ltd. showed that the firm now holds a total of 3,354,641 shares or roughly 5.91% of the outstanding BEAM shares. This means their shares have reduced by 0 from the 3,354,641 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, Redmile Group LLC updated its stake to be worth $166,363,100. Details in the latest 13F filings reveal that Hillhouse Capital Advisors Ltd. disposed of their 0.00% stake valued at $148,320,150 while The Vanguard Group, Inc. added theirs at $108,387,050. During the last quarter, Hillhouse Capital Advisors Ltd. liquidated 0 of its shares in Beam Therapeutics Inc. while The Vanguard Group, Inc. bought 1,042,138 shares. The BlackRock Fund Advisors’s holdings currently number 1,839,808 shares at $154672658.56. According to the firm’s last 13F report, FIL Investment Advisors shares in the company at filing stood at 816,116 shares, roughly $40,805,800.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Palatin Technologies Inc. (PTN) stock rises during pre-market trading. What has been happening lately?

Palatin Technologies Inc. (NASDAQ: PTN) stock declined by 1.16% the last close whereas the PTN stock price gains by 3.91% in the pre-market trading...

Smith Micro Develops Inc. (SMSI) stock soars during current market trading. Here’s to know why?

Smith Micro Develops Inc. (NASDAQ: SMSI) stock surged by 2.39% during the current market trading session. Smith Micro creates software that simplifies and improves...

Drive Shack Inc. (DS) stock soars during after-hour trading, followed by no recent update

Drive Shack Inc. (NASDAQ: DS) stock declined by 3.94% at last close while the DS stock-price surged by 7.38% in the after-hour session. Drive...

SPX Flow Inc. (FLOW) stock surged during current market. Here’s why the stock is sky-rocketing?

SPX Flow Inc. (NASDAQ: FLOW) stock gained by 24.24% in the current market trading session. SPX FLOW, based in Charlotte, works to make the...

Platinum Group Metal Ltd. (PLG) stock surges during after-market trading. Here’s to know what’s happening?

Platinum Group Metal Ltd. (NASDAQ: PLG) stock declined by 8.54% at last close whereas the PLG stock price gains by 7% in the after-market...

Why did Protagenic Therapeutics Inc. (PTIX) stock commence the new week with a negative trend?

Protagenic Therapeutics Inc. (PTIX) shares declined 13.82% in the pre-market on Monday, July 26, 2021, as of this writing. In after-hours on Friday, Protagenic...

Acorda Therapeutics Inc. (ACOR) stock plunged during pre-market. Here’s what you should know.

Acorda Therapeutics Inc. (ACOR) stock rose by 24.15% at the last close whereas the ACOR stock price fell by 9.30% in the pre-market trading...

Why Socket Mobile Inc. (SCKT) stock price faced negativity in the pre-market?

Socket Mobile Inc. (SCKT) shares declined 10.18% in pre-hours to $7.50 per share. On Friday, SCKT's stock gained 43.97% to close Friday's morning session...

Related News

Ocugen Inc. (NASDAQ:OCGN) stock plunged in the premarket trading session; here’s why

At last check Ocugen Inc. (OCGN) stock had plunged by-11.92% to $9.61 in premarket trading session. OCGN stock previously closed at $10.91 losing -12.79%....

KeyBanc reiterates Magna International [MGA] rating to Overweight and sets new price target at $86

KeyBanc maintained its Magna International rating to the equivalent of Overweight but changed the price target to $86.0 from $72, in a research...

Jefferies upgrades Medifast [MED] to Buy rating with a $265 price target

Jefferies took its Medifast rating to the equivalent of Buy from Hold, and the price target to $265.0 from $205, in a research...

American Eagle Outfitters [AEO] Upgraded to Outperform at RBC Capital

RBC Capital took its American Eagle Outfitters rating to the equivalent of Outperform from Sector Perform, and the price target to $30.0 from...

KeyBanc reiterates Nike [NKE] rating to Overweight and sets new price target at $180

KeyBanc maintained its Nike rating to the equivalent of Overweight but changed the price target to $180.0 from $174, in a research note...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam