For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
The closing price of Praxis Precision Medicines Inc (NASDAQ: PRAX) was $38.09 for the day, up 8.30% from the previous closing price of $35.17. In other words, the price has increased by $8.30 from its previous closing price. On the day, 0.66 million shares were traded.
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 8.44 and its Current Ratio is at 8.44. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Chardan Capital Markets on May 07, 2025, initiated with a Buy rating and assigned the stock a target price of $80.
On March 03, 2025, H.C. Wainwright reiterated its Buy rating and also upped its target price recommendation from $120 to $105.
On February 11, 2025, Deutsche Bank started tracking the stock assigning a Buy rating and target price of $111.Deutsche Bank initiated its Buy rating on February 11, 2025, with a $111 target price.
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 Nov 14 ’24 when Nemiroff Alex sold 8,239 shares for $80.20 per share. The transaction valued at 660,827 led to the insider holds 10,301 shares of the business.
Mastrocola Lauren sold 5,188 shares of PRAX for $424,318 on Nov 14 ’24. The Principal Accounting Officer now owns 5,613 shares after completing the transaction at $81.78 per share. On Nov 14 ’24, another insider, Mastrocola Lauren, who serves as the Officer of the company, bought 5,189 shares for $81.77 each.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 95.55 while its Price-to-Book (P/B) ratio in mrq is 1.76.
Stock Price History:
Over the past 52 weeks, PRAX has reached a high of $91.83, while it has fallen to a 52-week low of $26.70. The 50-Day Moving Average of the stock is 2.77%, while the 200-Day Moving Average is calculated to be -36.84%.
Shares Statistics:
A total of 20.34M shares are outstanding, with a floating share count of 19.03M. Insiders hold about 6.59% of the company’s shares, while institutions hold 104.33% stake in the company.
