Prime Medicine (NYSE:PRME – Get Free Report) is one of 273 public companies in the “Biological products, except diagnostic” industry, but how does it compare to its peers? We will compare Prime Medicine to related businesses based on the strength of its risk, dividends, institutional ownership, valuation, profitability, analyst recommendations and earnings.
This table compares Prime Medicine and its peers’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Prime Medicine Competitors||-4,741.91%||-286.58%||-48.98%|
Institutional & Insider Ownership
47.4% of Prime Medicine shares are held by institutional investors. Comparatively, 44.4% of shares of all “Biological products, except diagnostic” companies are held by institutional investors. 24.3% of Prime Medicine shares are held by insiders. Comparatively, 16.7% of shares of all “Biological products, except diagnostic” companies are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.
Earnings & Valuation
|Gross Revenue||Net Income||Price/Earnings Ratio|
|Prime Medicine||$5.21 million||-$121.82 million||-3.27|
|Prime Medicine Competitors||$527.62 million||$82.23 million||-2.46|
Prime Medicine’s peers have higher revenue and earnings than Prime Medicine. Prime Medicine is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.
This is a breakdown of current ratings and target prices for Prime Medicine and its peers, as reported by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Prime Medicine Competitors||1233||4135||10672||151||2.60|
Prime Medicine presently has a consensus target price of $21.60, indicating a potential upside of 227.27%. As a group, “Biological products, except diagnostic” companies have a potential upside of 82.45%. Given Prime Medicine’s stronger consensus rating and higher possible upside, analysts plainly believe Prime Medicine is more favorable than its peers.
Prime Medicine beats its peers on 7 of the 12 factors compared.
Prime Medicine Company Profile
Prime Medicine, Inc., a biotechnology company, delivers genetic therapies to address diseases by deploying gene editing technology. The company offers Prime Editors with a Prime Editor protein, comprising a fusion between a Cas protein and a reverse transcriptase enzyme; and a pegRNA, which targets the Prime Editor to a specific genomic location and provides a template for making the desired edit to the target DNA sequence. It has a research collaboration with Cimeio Therapeutics to develop Prime Edited Shielded-Cell & Immunotherapy Pairs for genetic diseases, acute myeloid leukemia, and myelodysplastic syndrome. Prime Medicine, Inc. was incorporated in 2019 and is based in Cambridge, Massachusetts.
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