Loading...
PRME logo

Prime Medicine, Inc.NasdaqGM:PRME Stock Report

Market Cap US$563.5m
Share Price
n/a
1Y20.0%
7D-1.5%
1D1.9%
Portfolio Value
View

Prime Medicine, Inc.

NasdaqGM:PRME Stock Report

Market Cap: US$563.5m

Prime Medicine (PRME) Stock Overview

A biotechnology company, engages in delivering genetic medicines to address the spectrum of diseases by deploying gene editing technology in the United States. More details

PRME fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance0/6
Financial Health3/6
Dividends0/6

PRME Community Fair Values

Create Narrative

See what 22 others think this stock is worth. Follow their fair value or set your own to get alerts.

Prime Medicine, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Prime Medicine
Historical stock prices
Current Share PriceUS$3.18
52 Week HighUS$6.94
52 Week LowUS$2.28
Beta2.31
1 Month Change7.07%
3 Month Change-5.92%
1 Year Change20.00%
3 Year Change-78.59%
5 Year Changen/a
Change since IPO-79.31%

Recent News & Updates

Analysis Article Jun 18

Is Prime Medicine (NASDAQ:PRME) In A Good Position To Invest In Growth?

Just because a business does not make any money, does not mean that the stock will go down. For example, although...
Seeking Alpha Jun 13

Prime Medicine's Prime Editing Is Worth The Risk

Summary Prime Medicine's PM359 data gives the stock some early human validation for its main value driver: Prime Editing. PM359 was essentially their most advanced application of Prime Editing, even though CGD is a relatively niche market because it's a rare disease. Management decided to deprioritize PM359, and instead, it’s now focused on applying Prime Editing towards larger TAMs like Wilson Disease and AATD. PRME will probably have a lot of interest if they look for new R&D partnerships, which could also help them with financing if they materialize. So, even though I reckon there’s still some dilution and clinical trial risks, PRME’s potentially revolutionary gene editing platform makes it a viable speculative 'Buy.' Read the full article on Seeking Alpha

Recent updates

Analysis Article Jun 18

Is Prime Medicine (NASDAQ:PRME) In A Good Position To Invest In Growth?

Just because a business does not make any money, does not mean that the stock will go down. For example, although...
Seeking Alpha Jun 13

Prime Medicine's Prime Editing Is Worth The Risk

Summary Prime Medicine's PM359 data gives the stock some early human validation for its main value driver: Prime Editing. PM359 was essentially their most advanced application of Prime Editing, even though CGD is a relatively niche market because it's a rare disease. Management decided to deprioritize PM359, and instead, it’s now focused on applying Prime Editing towards larger TAMs like Wilson Disease and AATD. PRME will probably have a lot of interest if they look for new R&D partnerships, which could also help them with financing if they materialize. So, even though I reckon there’s still some dilution and clinical trial risks, PRME’s potentially revolutionary gene editing platform makes it a viable speculative 'Buy.' Read the full article on Seeking Alpha
Seeking Alpha Apr 25

Prime Medicine: Initiating Coverage At Hold With 2025 Binary Catalyst For PM359

Summary Initiate Hold on Prime Medicine due to pending Phase 1/2 CGD readout in 2025 and Wilson’s Disease IND filing in 2026, focusing on safety and mechanistic editing. Await six-month durability data in 2026 or clear non-dilutive funding before re-rating, given rising R&D spend and cash runway into mid-2026. PM359 readout seen as a small catalyst; significant share movement depends on demonstrating lasting infection reduction and stable blood counts. The competitive landscape includes Rocket Pharma’s lentiviral RP-L102 and CRISPR Therapeutics’ Cas9-edited HSC trials; PM359’s modular assay development offers lower off-target risk. Read the full article on Seeking Alpha
Seeking Alpha Feb 05

Prime Medicine: Gene Editing Company, Risky Investment

Summary Prime Medicine, Inc. develops prime editing technologies but lacks proof of concept data despite being in the market for 6 years and IPO for 3 years. The gene editing sector is highly risky, with poor performers like Editas Medicine and Beam Therapeutics highlighting the volatility and challenges in clinical success. PRME's financials show a market cap of $338mn and a cash runway into 2026, but significant risks remain if clinical data is not favorable. Despite some positive developments, including a partnership with Bristol Myers Squibb, retail investors should exercise caution due to the high risk and low cash runway. Read the full article on Seeking Alpha
Analysis Article Dec 19

Is Prime Medicine (NASDAQ:PRME) In A Good Position To Deliver On Growth Plans?

Just because a business does not make any money, does not mean that the stock will go down. For example, biotech and...
Seeking Alpha Nov 26

Prime Medicine's Bristol Myers Partnership Boosts Outlook For Gene Editing Therapies

Summary Prime Medicine’s proprietary Prime Editing platform offers one-time therapeutic solutions, targeting over 90% of genetic conditions across multiple tissues and development stages. PRME’s pipeline highlights PM359 for chronic granulomatous disease and preclinical programs for Wilson’s Disease, with clinical data expected in 2025. PRME's strategic collaboration with Bristol Myers provided $55 million in cash upfront, a $55 million equity stake, $3.5B in potential milestone payments, and diversification into ex vivo T-cell therapies. Still, investment risks include dependency on milestone achievements and potential future equity raises, but current valuation and prospects make PRME a compelling investment. Despite remaining speculative, PRME’s improved financial position, strategic partnerships, and pipeline progress justify an upgraded "Buy" rating. Read the full article on Seeking Alpha
Seeking Alpha Sep 04

Prime Medicine's Promising Pipeline: PM359 And Cash Burn Concerns

Summary Prime Medicine's Prime Editing offers precise, adaptable, and safer gene-editing treatments, with PM359 for Chronic Granulomatous Disease recently cleared for clinical trials. PRME’s lead drug candidate, PM359, was cleared by the FDA in April 2024 and is in Phase 1/2 clinical trials for Chronic Granulomatous Disease. PRME's short-term liquidity is $162.9 million, but its high cash burn suggests it'll need additional financing in the near term. I rate PRME as a “Hold” due to its promising technology but significant cash burn and dilution risks. Read the full article on Seeking Alpha
Analysis Article Sep 04

Here's Why We're A Bit Worried About Prime Medicine's (NASDAQ:PRME) Cash Burn Situation

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
Seeking Alpha Jun 20

Prime Medicine Stock: Only For The Most Patient Of Investors

Summary We take our first look at gene editing concern Prime Medicine, Inc., whose stock was recently upgraded by Citigroup. The company has an extensive set of potential candidates in pre-clinical research and just advanced its first gene therapy asset in clinical stage development. An analysis around Prime Medicine follows in the paragraphs below. Read the full article on Seeking Alpha
Analysis Article May 14

Is Prime Medicine (NASDAQ:PRME) In A Good Position To Invest In Growth?

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
Seeking Alpha Jan 28

Prime Medicine's Investment Potential: A Deep Dive Into Innovation And Gene Editing

Summary Prime Medicine is a gene editing company at the forefront of genetic therapies, with a promising pipeline and preclinical successes. The company has made substantial investments in R&D, demonstrating its commitment to innovation and belief in its technology. Despite financial losses, Prime Medicine maintains a strong cash position, providing stability and flexibility for future growth. Read the full article on Seeking Alpha
Analysis Article Aug 25

Is Prime Medicine (NASDAQ:PRME) In A Good Position To Deliver On Growth Plans?

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
Analysis Article May 12

We're Not Very Worried About Prime Medicine's (NASDAQ:PRME) Cash Burn Rate

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
Analysis Article Jan 24

Will Prime Medicine (NASDAQ:PRME) Spend Its Cash Wisely?

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...

Shareholder Returns

PRMEUS BiotechsUS Market
7D-1.5%4.6%-2.5%
1Y20.0%36.5%20.1%

Return vs Industry: PRME underperformed the US Biotechs industry which returned 36.5% over the past year.

Return vs Market: PRME matched the US Market which returned 20.1% over the past year.

Price Volatility

Is PRME's price volatile compared to industry and market?
PRME volatility
PRME Average Weekly Movement10.4%
Biotechs Industry Average Movement10.6%
Market Average Movement7.2%
10% most volatile stocks in US Market16.7%
10% least volatile stocks in US Market3.1%

Stable Share Price: PRME has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: PRME's weekly volatility (10%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2019146Allan Reineprimemedicine.com

Prime Medicine, Inc., a biotechnology company, engages in delivering genetic medicines to address the spectrum of diseases by deploying gene editing technology in the United States. Its lead therapeutic product candidate is PM359 for Chronic Granulomatous Disease, which is in Phase 1/2 clinical trial; PM577 for Wilson Disease, that is in preclinical studies; and PM647 to treat genetic disorder caused by mutations in the SERPINA1 gene, resulting in production of misfolded Z-AAT protein that accumulates in the liver and leads to hepatocellular injury, cirrhosis, and increased risk of hepatocellular carcinoma. The company also provides vivo programs targeting diseases of the liver, and Cystic Fibrosis programs.

Prime Medicine, Inc. Fundamentals Summary

How do Prime Medicine's earnings and revenue compare to its market cap?
PRME fundamental statistics
Market capUS$563.53m
Earnings (TTM)-US$198.37m
Revenue (TTM)US$4.03m
142.4x
P/S Ratio
-2.9x
P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
PRME income statement (TTM)
RevenueUS$4.03m
Cost of RevenueUS$154.18m
Gross Profit-US$150.14m
Other ExpensesUS$48.23m
Earnings-US$198.37m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)-1.10
Gross Margin-3,721.99%
Net Profit Margin-4,917.55%
Debt/Equity Ratio0%

How did PRME perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/25 23:20
End of Day Share Price 2026/06/25 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Prime Medicine, Inc. is covered by 18 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Yevgeniya LivshitsChardan Capital Markets, LLC
Samantha Lynn SemenkowCitigroup Inc
Silvan TuerkcanCitizens JMP Securities, LLC