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The price of Praxis Precision Medicines Inc (NASDAQ: PRAX) closed at $71.87 in the last session, down -1.18% from day before closing price of $72.73. In other words, the price has decreased by -$1.18 from its previous closing price. On the day, 1.47 million shares were traded. PRAX stock price reached its highest trading level at $75.87 during the session, while it also had its lowest trading level at $59.58.
Ratios:
We take a closer look at PRAX’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 17.30 and its Current Ratio is at 17.30. 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, Oppenheimer on August 05, 2024, initiated with a Outperform rating and assigned the stock a target price of $134.
On June 24, 2024, Needham started tracking the stock assigning a Buy rating and target price of $145.
On June 18, 2024, Guggenheim started tracking the stock assigning a Buy rating and target price of $155.Guggenheim initiated its Buy rating on June 18, 2024, with a $155 target price.
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 1291475200 and an Enterprise Value of 941538624. For the stock, the TTM Price-to-Sale (P/S) ratio is 721.02 while its Price-to-Book (P/B) ratio in mrq is 3.04. Its current Enterprise Value per Revenue stands at 531.642 whereas that against EBITDA is -7.119.
Stock Price History:
Over the past 52 weeks, PRAX has reached a high of $75.73, while it has fallen to a 52-week low of $13.01. The 50-Day Moving Average of the stock is 12.82%, while the 200-Day Moving Average is calculated to be 36.89%.
Shares Statistics:
According to the various share statistics, PRAX traded on average about 250.43K shares per day over the past 3-months and 171210 shares per day over the past 10 days. A total of 17.76M shares are outstanding, with a floating share count of 16.40M. Insiders hold about 7.63% of the company’s shares, while institutions hold 99.79% stake in the company. Shares short for PRAX as of 1728950400 were 1715969 with a Short Ratio of 6.85, compared to 1726185600 on 1902729. Therefore, it implies a Short% of Shares Outstanding of 1715969 and a Short% of Float of 9.68.
