Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
After finishing at $73.68 in the prior trading day, Praxis Precision Medicines Inc (NASDAQ: PRAX) closed at $63.15, down -14.29%. In other words, the price has decreased by -$14.29 from its previous closing price. On the day, 0.55 million shares were traded. PRAX stock price reached its highest trading level at $72.52 during the session, while it also had its lowest trading level at $62.76.
Ratios:
Our goal is to gain a better understanding of PRAX by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 10.96 and its Current Ratio is at 10.96. 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.
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 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:
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 1176977152 and an Enterprise Value of 821603648. For the stock, the TTM Price-to-Sale (P/S) ratio is 735.61 while its Price-to-Book (P/B) ratio in mrq is 2.94. Its current Enterprise Value per Revenue stands at 511.903 whereas that against EBITDA is -5.022.
Stock Price History:
Over the past 52 weeks, PRAX has reached a high of $86.93, while it has fallen to a 52-week low of $31.26. The 50-Day Moving Average of the stock is -15.14%, while the 200-Day Moving Average is calculated to be 7.94%.
Shares Statistics:
The stock has traded on average 327.57K shares per day over the past 3-months and 277910 shares per day over the last 10 days, according to various share statistics. A total of 17.79M shares are outstanding, with a floating share count of 17.30M. Insiders hold about 7.20% of the company’s shares, while institutions hold 95.28% stake in the company. Shares short for PRAX as of 1734048000 were 1533809 with a Short Ratio of 5.81, compared to 1731628800 on 1529073. Therefore, it implies a Short% of Shares Outstanding of 1533809 and a Short% of Float of 8.2399994.
