Bullish Case: EDIT's alignment with FDA for its RUBY trial might pave the way for approval, driving shares up if mid-2024 data is positive.


Bearish Case: Recent insider sales and a -75.7% five-year return highlight skepticism. Positive trial results are not guaranteed.


Potential Outcomes: Mid-2024 positive trial updates (30%), EDIT appreciates; trial disappointment or delay (40%), EDIT drops; neutral outcome or market non-reaction (30%).


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April 09, 2024


Editas Medicine Forecast

EDIT        Editas Medicine
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)






Correlated Stock Forecasts

Assets that tend to move strongly with EDIT



BA Forecast + Options Trading Strategies   [BA]  Boeing (0.68)


CHGG Forecast + Options Trading Strategies   [CHGG]  Chegg (0.62)


MVIS Forecast + Options Trading Strategies   [MVIS]  Microvision (0.62)


CCI Forecast + Options Trading Strategies   [CCI]  Crown Castle International (0.59)


PENN Forecast + Options Trading Strategies   [PENN]  Penn National Gaming (0.57)



Uncorrelated Stock Forecasts

Assets with little price relationship to EDIT



IVV Forecast + Options Trading Strategies   [IVV]  BTC iShares Core S&P 500 (-0.0)


QLD Forecast + Options Trading Strategies   [QLD]  ProShares Ultra QQQ (-0.0)


ATAI Forecast + Options Trading Strategies   [ATAI]  ATAI Life Sciences (-0.0)


ELAN Forecast + Options Trading Strategies   [ELAN]  Elanco Animal Health (0.0)


GUSH Forecast + Options Trading Strategies   [GUSH]  Direxion Daily S&P Oil & Gas Exp. & Prod. (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against EDIT



EUO Forecast + Options Trading Strategies   [EUO]  ProShares UltraShort Euro (-0.53)


USO Forecast + Options Trading Strategies   [USO]  United States Commodity Funds (-0.55)


USL Forecast + Options Trading Strategies   [USL]  United States Commodity Funds LLC - United States 12 Month Oil (-0.55)


GSG Forecast + Options Trading Strategies   [GSG]  BlackRock Institutional Trust Company N.A. - iShares S&P GSCI Commodity-Indexed (-0.55)


BNO Forecast + Options Trading Strategies   [BNO]  United States Commodity Funds LLC - United States Brent Crude Oil (-0.56)





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