BEAM Stock Summary and Trading Ideas (Beam Therapeutics | NASDAQ:BEAM)

Beam Therapeutics Inc is a biotechnology company committed to creating a new class of precision genetic medicines based on its proprietary base editing technology, with a vision of providing lifelong cures to patients suffering from serious diseases. The company is focused on its programs in the hematology and genetic disease portfolios, which comprise different product candidates in its pipeline, such as BEAM-101, which is being developed to target Sickle Cell Disease, BEAM-302, a liver-targeting lipid nanoparticle, being developed to target Alpha-1 antitrypsin deficiency, and other drug candidates including BEAM-302, BEAM-103 & 104. The company views its operations and manages its business in one operating segment, operating exclusively in the United States.

Beam Therapeutics trades on the NASDAQ stock market under the symbol BEAM.

As of April 3, 2025, BEAM stock price declined to $16.46 with 3,279,375 million shares trading.

BEAM has a beta of 1.94, meaning it tends to be more sensitive to market movements. BEAM has a correlation of 0.14 to the broad based SPY ETF.

BEAM has a market cap of $1.64 billion. This is considered a Small Cap stock.

Last quarter Beam Therapeutics reported $30 million in Revenue and -$1.09 earnings per share. This beat revenue expectation by $15 million and exceeded earnings estimates by $.19.

In the last 3 years, BEAM traded as high as $73.27 and as low as $16.30.

The top ETF exchange traded funds that BEAM belongs to (by Net Assets): ARKK, VTI, VB, IWM, ARKG.

BEAM has underperformed the market in the last year with a price return of -46.1% while the SPY ETF gained +4.8%. BEAM has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -33.4% and -30.4%, respectively, while the SPY returned -7.9% and -5.1%, respectively.

BEAM support price is $17.39 and resistance is $19.57 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BEAM shares will trade within this expected range on the day.