Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
In the latest session, Praxis Precision Medicines Inc (NASDAQ: PRAX) closed at $38.60 down -40.64% from its previous closing price of $65.03. In other words, the price has decreased by -$40.64 from its previous closing price. On the day, 3.2 million shares were traded.
Ratios:
For a deeper understanding of Praxis Precision Medicines Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 10.77 and its Current Ratio is at 10.77. 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, Deutsche Bank on February 11, 2025, initiated with a Buy rating and assigned the stock a target price of $111.
On August 05, 2024, Oppenheimer started tracking the stock assigning a Outperform rating and target price of $134.
On June 24, 2024, Needham started tracking the stock assigning a Buy rating and target price of $145.Needham initiated its Buy rating on June 24, 2024, with a $145 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 84.14 while its Price-to-Book (P/B) ratio in mrq is 1.68.
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 $33.01. The 50-Day Moving Average of the stock is -49.04%, while the 200-Day Moving Average is calculated to be -38.01%.
Shares Statistics:
A total of 19.42M shares are outstanding, with a floating share count of 17.21M. Insiders hold about 7.65% of the company’s shares, while institutions hold 110.29% stake in the company.
