This company has been acquired
LogicBio Therapeutics (LOGC) Stock Overview
LogicBio Therapeutics, Inc., a genetic medicine company, focuses on developing and commercializing genome editing and gene therapy treatments using its GeneRide and sAAVy platforms. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 5/6 |
| Dividends | 0/6 |
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LogicBio Therapeutics, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$2.07 |
| 52 Week High | US$3.63 |
| 52 Week Low | US$0.26 |
| Beta | 4.62 |
| 1 Month Change | 0.98% |
| 3 Month Change | 417.63% |
| 1 Year Change | -40.35% |
| 3 Year Change | -76.79% |
| 5 Year Change | n/a |
| Change since IPO | -82.00% |
Recent News & Updates
LogicBio jumps 648% on buyout deal with AstraZeneca unit Alexion
LogicBio (NASDAQ:LOGC) gained ~648% pre-market Monday after Alexion, a unit of AstraZeneca (NASDAQ:AZN) announced an agreement to acquire the U.S.-based genetic medicine company for $2.07 per share in cash. The Lexington, MA company boasts a genome editing platform, and an adeno-associated virus (AAV)-based gene delivery platform. "The proposed acquisition of LogicBio is a significant development for our growing research in genomic medicine,” remarked Marc Dunoyer, Chief Executive of Alexion, U.S.-based rare disease focused company that AZN acquired in 2021. Per the terms, an Alexion subsidiary will start a tender offer to acquire all outstanding shares of LOGC. Boards of both companies have approved the transaction which is expected to close in 4 – 6 weeks. The deal is likely to draw attention to gene editing companies such as CRISPR Therapeutics (CRSP), Intellia Therapeutics (NTLA), Beam Therapeutics (BEAM), Editas Medicine (EDIT), Apellis Pharmaceuticals (APLS), and Verve Therapeutics (VERV) Gene therapy companies including bluebird bio (BLUE), uniQure N.V. (QURE), BioMarin Pharmaceutical (BMRN), Sarepta Therapeutics (SRPT), REGENXBIO (RGNX) and Iovance Biotherapeutics (IOVA) are also likely to gain attention. Read about how U.S. biotech/ pharma stocks performed in Q3.Bullish: Analysts Just Made A Notable Upgrade To Their LogicBio Therapeutics, Inc. (NASDAQ:LOGC) Forecasts
Shareholders in LogicBio Therapeutics, Inc. ( NASDAQ:LOGC ) may be thrilled to learn that the analysts have just...LogicBio Therapeutics, Inc. (NASDAQ:LOGC) Just Reported Second-Quarter Earnings And Analysts Are Lifting Their Estimates
LogicBio Therapeutics, Inc. ( NASDAQ:LOGC ) just released its second-quarter report and things are looking bullish. The...LogicBio GAAP EPS of -$0.15, revenue of $3.2M
LogicBio press release (NASDAQ:LOGC): Q2 GAAP EPS of -$0.15. Revenue of $3.2M (+300.0% Y/Y). As of June 30, 2022, the company had cash and cash equivalents of $38.8M as compared to $53.5M as of Dec. 31, 2021Recent updates
Shareholder Returns
| LOGC | US Biotechs | US Market | |
|---|---|---|---|
| 7D | 0.5% | 4.1% | 1.6% |
| 1Y | -40.3% | 41.1% | 18.6% |
Return vs Industry: LOGC underperformed the US Biotechs industry which returned -15.1% over the past year.
Return vs Market: LOGC underperformed the US Market which returned -21.9% over the past year.
Price Volatility
| LOGC volatility | |
|---|---|
| LOGC Average Weekly Movement | 179.9% |
| Biotechs Industry Average Movement | 10.3% |
| Market Average Movement | 7.3% |
| 10% most volatile stocks in US Market | 16.7% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: LOGC's share price has been volatile over the past 3 months.
Volatility Over Time: LOGC's weekly volatility has increased from 92% to 180% over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2014 | 62 | Fred Chereau | www.logicbio.com |
LogicBio Therapeutics, Inc., a genetic medicine company, focuses on developing and commercializing genome editing and gene therapy treatments using its GeneRide and sAAVy platforms. The company’s GeneRide technology is a new approach to precise gene insertion harnessing a cell's natural deoxyribonucleic acid; and gene delivery platform, sAAVy is an adeno-associated virus, which is designed to optimize gene delivery for treatments in a range of indications and tissues. Its lead product candidate is LB-001 that is in Phase I/II clinical trials for the treatment of methylmalonic acidemia.
LogicBio Therapeutics, Inc. Fundamentals Summary
| LOGC fundamental statistics | |
|---|---|
| Market cap | US$68.23m |
| Earnings (TTM) | -US$26.54m |
| Revenue (TTM) | US$10.76m |
Is LOGC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| LOGC income statement (TTM) | |
|---|---|
| Revenue | US$10.76m |
| Cost of Revenue | US$30.68m |
| Gross Profit | -US$19.92m |
| Other Expenses | US$6.62m |
| Earnings | -US$26.54m |
Last Reported Earnings
Sep 30, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.81 |
| Gross Margin | -185.15% |
| Net Profit Margin | -246.71% |
| Debt/Equity Ratio | 37.7% |
How did LOGC perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/11/16 15:50 |
| End of Day Share Price | 2022/11/15 00:00 |
| Earnings | 2022/09/30 |
| Annual Earnings | 2021/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* 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
LogicBio Therapeutics, Inc. is covered by 7 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Huidong Wang | Barclays |
| Gbolahan Amusa Benz | Chardan Capital Markets, LLC |
| Silvan Tuerkcan | Citizens JMP Securities, LLC |