Praxis Precision Medicines Inc (PRAX) Beta: Monthly Comparison and Analysis

Praxis Precision Medicines Inc (NASDAQ: PRAX) closed the day trading at $1.13 up 5.61% from the previous closing price of $1.07. In other words, the price has increased by $+0.0600 from its previous closing price. On the day, 283699 shares were traded. PRAX stock price reached its highest trading level at $1.1700 during the session, while it also had its lowest trading level at $1.0900.


For a better understanding of PRAX, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 6.15 and its Current Ratio is at 6.15. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.02.

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, Truist on September 19, 2023, initiated with a Buy rating and assigned the stock a target price of $10.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Oct 05 when DeSimone Jill bought 14,500 shares for $1.75 per share. The transaction valued at 25,375 led to the insider holds 14,500 shares of the business.

Souza Marcio bought 10,000 shares of PRAX for $10,587 on Jun 27. The Chief Executive Officer now owns 45,002 shares after completing the transaction at $1.06 per share. On Mar 24, another insider, MITCHELL DEAN J, who serves as the Director of the company, bought 50,000 shares for $0.84 each. As a result, the insider paid 41,815 and bolstered with 75,000 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 137.55M and an Enterprise Value of 39.22M. For the stock, the TTM Price-to-Sale (P/S) ratio is 75.27 while its Price-to-Book (P/B) ratio in mrq is 1.67. Its current Enterprise Value per Revenue stands at 20.30 whereas that against EBITDA is -0.28.

Stock Price History:

Over the past 52 weeks, PRAX has reached a high of $5.25, while it has fallen to a 52-week low of $0.79. The 50-Day Moving Average of the stock is 1.2644, while the 200-Day Moving Average is calculated to be 1.3434.

Shares Statistics:

Over the past 3-months, PRAX traded about 776.41K shares per day on average, while over the past 10 days, PRAX traded about 448.02k shares per day. A total of 128.55M shares are outstanding, with a floating share count of 116.57M. Insiders hold about 9.32% of the company’s shares, while institutions hold 82.24% stake in the company. Shares short for PRAX as of Oct 30, 2023 were 2.76M with a Short Ratio of 2.76M, compared to 3.15M on Sep 28, 2023. Therefore, it implies a Short% of Shares Outstanding of 2.15% and a Short% of Float of 2.16%.

Earnings Estimates

Current recommendations for the stock of the company come from 5 analysts. On average, analysts expect EPS of -$0.21 for the current quarter, with a high estimate of -$0.19 and a low estimate of -$0.24, while EPS last year was -$0.87. The consensus estimate for the next quarter is -$0.22, with high estimates of -$0.2 and low estimates of -$0.26.

Analysts are recommending an EPS of between $-0.91 and $-1.58 for the fiscal current year, implying an average EPS of $-1.27. EPS for the following year is $-0.88, with 6 analysts recommending between $-0.75 and $-1.16.

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