Prime Medicine, Inc.

Prime Medicine, Inc.verified

PRME

Price:

$3.26

Market Cap:

$427.58M

Prime Medicine, Inc., a biotechnology company, delivers genetic therapies to address diseases by deploying gene editing technology. It offers Prime Editors with a Prime Editor protein, comprising a fusion between a Cas protein and a reverse transcriptase enzyme; and a pegRNA, which targets the Prime Editor to a specific genomic location and provides a template for making the desired edit to the target DNA sequence. The company was incorporated in 2019 and is headquartered in Cambridge, Massachusetts.[Read more]

Industry

Biotechnology

IPO Date

2022-10-20

Stock Exchange

NASDAQ

Ticker

PRME

The Current Ratio as of December 2024 (TTM) for Prime Medicine, Inc. (PRME) is 6.50

According to Prime Medicine, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 6.50. This represents a change of -0.69% compared to the average of 6.54 of the last 4 quarters.

Prime Medicine, Inc. (PRME) Historical Current Ratio (quarterly & annually)

How has PRME Current Ratio performed in the past?

The mean historical Current Ratio of Prime Medicine, Inc. over the last ten years is 4.43. The current 6.50 Current Ratio has changed 14.57% with respect to the historical average. Over the past ten years (40 quarters), PRME's Current Ratio was at its highest in in the September 2021 quarter at 31.48. The Current Ratio was at its lowest in in the December 2019 quarter at 0.

Quarterly (TTM)
Annual

Average

4.43

Median

2.75

Minimum

1.19

Maximum

11.00

Prime Medicine, Inc. (PRME) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Prime Medicine, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 135.78%

Maximum Annual Current Ratio = 11.00

Minimum Annual Increase = -76.97%

Minimum Annual Current Ratio = 1.19

Quarterly (TTM)
Annual
YearCurrent RatioChange
20232.53-76.97%
202211.00135.78%
20214.6769.89%
20202.75130.81%

Prime Medicine, Inc. (PRME) Average Current Ratio

How has PRME Current Ratio performed in the past?

The current Current Ratio of Prime Medicine, Inc. (PRME) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

6.07

5-year avg

4.43

10-year avg

4.43

Prime Medicine, Inc. (PRME) Current Ratio vs. Peers

How is PRME’s Current Ratio compared to its peers?

Prime Medicine, Inc.’s Current Ratio is greater than Beam Therapeutics Inc. (5.69), less than Caribou Biosciences, Inc. (7.38), less than Intellia Therapeutics, Inc. (6.73), greater than Sana Biotechnology, Inc. (4.47), less than Reneo Pharmaceuticals, Inc. (57.86), greater than Ginkgo Bioworks Holdings, Inc. (5.79), greater than Ocean Biomedical, Inc. (0.07), greater than Royalty Pharma plc (1.54), greater than Editas Medicine, Inc. (3.75), less than CRISPR Therapeutics AG (21.64), less than Verve Therapeutics, Inc. (13.05), less than Theseus Pharmaceuticals, Inc. (29.93), greater than aTyr Pharma, Inc. (6.07), less than Relay Therapeutics, Inc. (18.42), less than Century Therapeutics, Inc. (10.39), greater than Blueprint Medicines Corporation (3.32),

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