An overall feel about Praxis Precision Medicines Inc. (NASDAQ: PRAX) stock in the current moment?

The closing price of Praxis Precision Medicines Inc. (NASDAQ: PRAX) was $1.10 for the day, up 3.77% from the previous closing price of $1.06. In other words, the price has increased by $+0.0400 from its previous closing price. On the day, 1643539 shares were traded. PRAX stock price reached its highest trading level at $1.1400 during the session, while it also had its lowest trading level at $1.0201.

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Ratios:

Our analysis of PRAX’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 3.20 and its Current Ratio is at 3.20. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 24 when MITCHELL DEAN J bought 50,000 shares for $0.84 per share. The transaction valued at 41,815 led to the insider holds 75,000 shares of the business.

Souza Marcio bought 35,002 shares of PRAX for $30,207 on Mar 23. The Chief Executive Officer now owns 35,002 shares after completing the transaction at $0.86 per share. On Mar 23, another insider, Souza Marcio, who serves as the Chief Executive Officer of the company, bought 35,000 shares for $0.86 each. As a result, the insider paid 30,160 and bolstered with 226,299 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PRAX now has a Market Capitalization of 62.60M and an Enterprise Value of -34.39M. For the stock, the TTM Price-to-Sale (P/S) ratio is 94.74 while its Price-to-Book (P/B) ratio in mrq is 0.91. Its current Enterprise Value per Revenue stands at -50.35 whereas that against EBITDA is 0.19.

Stock Price History:

Over the past 52 weeks, PRAX has reached a high of $10.88, while it has fallen to a 52-week low of $0.79. The 50-Day Moving Average of the stock is 0.9997, while the 200-Day Moving Average is calculated to be 2.3667.

Shares Statistics:

PRAX traded an average of 1.64M shares per day over the past three months and 871.68k shares per day over the past ten days. A total of 53.10M shares are outstanding, with a floating share count of 46.80M. Insiders hold about 0.60% of the company’s shares, while institutions hold 90.30% stake in the company. Shares short for PRAX as of Apr 27, 2023 were 5.01M with a Short Ratio of 5.01M, compared to 5.97M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 8.65% and a Short% of Float of 8.70%.

Earnings Estimates

The firm’s stock currently is rated by 4 analysts. On average, analysts expect EPS of -$0.68 for the current quarter, with a high estimate of -$0.6 and a low estimate of -$0.74, while EPS last year was -$1.32. The consensus estimate for the next quarter is -$0.67, with high estimates of -$0.61 and low estimates of -$0.71.

Analysts are recommending an EPS of between -$2.53 and -$2.85 for the fiscal current year, implying an average EPS of -$2.67. EPS for the following year is -$2.36, with 4 analysts recommending between -$1.94 and -$2.96.