Beam Therapeutics: A 'Hold' Amid High Valuation And Uncertain Revenue Prospects [Seeking Alpha]
Beam Therapeutics Inc. (BEAM)
US:NYSE Investor Relations:
beamsuntory.com/about/shareholder-information/reports
Company Research
Source: Seeking Alpha
The company has secured $675 million in upfront payments from agreements with Pfizer, Apellis, Verve, and Sana. Collaboration agreements boosted Beam's revenue in 2023, but future revenue is less predictable due to a lack of product sales. The firm's cash runway is around 2.1 years, suggesting that additional funding may be needed soon, possibly leading to stock dilution. Despite its promising fundamentals, Beam Therapeutics is trading at a relatively high valuation multiple, which detracts from its investment appeal. Beam Therapeutics Inc. ( NASDAQ: BEAM ) is a biotechnology firm dedicated to developing precision genetic treatments. It uses base editing to correct single DNA letters, chemically changing one DNA base to another without the double-stranded breaks applied in earlier technologies. This Recommended For You Recommended For You
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BEAM
News
- Beam Therapeutics Inc. (BEAM) Expected to Beat Earnings Estimates: Can the Stock Move Higher? [Yahoo! Finance]Yahoo! Finance
- Beam Therapeutics Inc. (NASDAQ: BEAM) had its "outperform" rating re-affirmed by analysts at Wedbush. They now have a $57.00 price target on the stock.MarketBeat
- Beam Therapeutics (NASDAQ:BEAM) Is In A Good Position To Deliver On Growth Plans [Yahoo! Finance]Yahoo! Finance
- Why Is Beam Therapeutics (BEAM) Down 22.1% Since Last Earnings Report? [Yahoo! Finance]Yahoo! Finance
- InnovationRx: Base Editing Pioneer Nicole Gaudelli Joins GV [Forbes]Forbes
BEAM
Earnings
- 2/27/24 - Beat
BEAM
Sec Filings
- 4/29/24 - Form 4
- 4/19/24 - Form ARS
- 4/19/24 - Form DEFA14A
- BEAM's page on the SEC website