Is PaxMedica Inc. (NASDAQ:PXMD) an excellent stock to buy at the moment?

The price of PaxMedica Inc. (NASDAQ: PXMD) closed at $3.46 in the last session, up 20.98% from day before closing price of $2.86. In other words, the price has increased by $+0.6000 from its previous closing price. On the day, 2007589 shares were traded. PXMD stock price reached its highest trading level at $3.7400 during the session, while it also had its lowest trading level at $2.8200.

Top 5 Undervalued Stocks To Own In 2023

Microchip Maker Releases "World's Most Powerful Data Center CPU". It could allow the company who manufactures it to lead the industry as the global microchip shortage continues into the coming year. We've put together a free research report that explains all the details. Not only will you find out why analysts believe this chip manufacturer could lead the pack, you will also discover four more potential winners for the coming year.

Click here to download your Free Research Report…

Sponsored

Ratios:

We take a closer look at PXMD’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.70 and its Current Ratio is at 1.70. In the meantime, Its Debt-to-Equity ratio is 0.08 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Aug 30 when Derby Michael bought 95,000 shares for $5.25 per share. The transaction valued at 498,750 led to the insider holds 7,336,745 shares of the business.

TardiMed Sciences LLC bought 95,000 shares of PXMD for $498,750 on Aug 30. The 10% Owner now owns 7,336,745 shares after completing the transaction at $5.25 per share.

Stock Price History:

Over the past 52 weeks, PXMD has reached a high of $10.48, while it has fallen to a 52-week low of $1.36. The 50-Day Moving Average of the stock is 2.1311, while the 200-Day Moving Average is calculated to be 2.4540.

Shares Statistics:

According to the various share statistics, PXMD traded on average about 969.96K shares per day over the past 3-months and 618.6k shares per day over the past 10 days. A total of 11.78M shares are outstanding, with a floating share count of 0.87M. Insiders hold about 76.80% of the company’s shares, while institutions hold 0.50% stake in the company. Shares short for PXMD as of Oct 13, 2022 were 139.8k with a Short Ratio of 0.55M, compared to 397.48k on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 1.19% and a Short% of Float of 3.13%.