Prime Medicine, Inc.

Prime Medicine, Inc. - Current Ratioverified

PRME

Price:

$3.23

Market Cap:

$583.39M

Prime Medicine, Inc. operates as a biotechnology firm, dedicated to delivering genetic therapies for various diseases by strategically employing advanced gene editing technology. Central to their platform is the "Prime Editor" system, which combines a unique Prime Editor protein—a hybrid composed of a Cas protein and a reverse transcriptase enzyme—with a specialized pegRNA molecule. This pegRNA plays a crucial role by both guiding the Prime Editor to a precise location within the genome and providing the essential template for introducing the desired modification to the target DNA sequence. The company, founded in 2019, maintains its headquarters in Cambridge, Massachusetts.

Industry

Biotechnology

IPO Date

2022-10-20

Stock Exchange

NASDAQ

Ticker

PRME

The Current Ratio as of June 2026 (TTM) for Prime Medicine, Inc. (PRME) is 3.80

According to Prime Medicine, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 3.80. This represents a change of -19.18% compared to the average of 4.70 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 4.67. The current 3.80 Current Ratio has changed 8.04% 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

4.67

Median

4.67

Minimum

1.19

Maximum

11.10

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 = 137.94%

Maximum Annual Current Ratio = 11.10

Minimum Annual Increase = -77.18%

Minimum Annual Current Ratio = 1.19

Quarterly (TTM)
Annual
YearCurrent RatioChange
20254.84-13.27%
20245.58120.27%
20232.53-77.18%
202211.10137.94%
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 less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

4.32

5-year avg

5.75

10-year avg

4.67

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 less than Maravai LifeSciences Holdings, Inc. (5.91), less than Kura Oncology, Inc. (6.15), less than Bicara Therapeutics Inc. Common Stock (13.85), less than Vir Biotechnology, Inc. (7.11), less than Replimune Group, Inc. (5.60), less than Septerna, Inc. (4.71), less than Tyra Biosciences, Inc. (20.49), less than ProKidney Corp. (9.06), less than Rezolute, Inc. (15.84), less than EyePoint Pharmaceuticals, Inc. (6.66),

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