In last trading session, Praxis Precision Medicines Inc (NASDAQ:PRAX) saw 0.32 million shares changing hands with its beta currently measuring 2.68. Company’s recent per share price level of $77.88 trading at $2.53 or 3.35% at ring of the bell on the day assigns it a market valuation of $1.45B. That closing price of PRAX’s stock is at a discount of -0.26% from its 52-week high price of $78.08 and is indicating a premium of 83.29% from its 52-week low price of $13.01. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.34 million shares which gives us an average trading volume of 270.43K if we extend that period to 3-months.
For Praxis Precision Medicines Inc (PRAX), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.30. Splitting up the data highlights that, out of 5 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -2.24 in the current quarter.
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Praxis Precision Medicines Inc (NASDAQ:PRAX) trade information
Upright in the green during last session for gaining 3.35%, in the last five days PRAX remained trading in the green while hitting it’s week-highest on Thursday, 11/07/24 when the stock touched $77.88 price level, adding 0.26% to its value on the day. Praxis Precision Medicines Inc’s shares saw a change of 249.53% in year-to-date performance and have moved 13.97% in past 5-day. Praxis Precision Medicines Inc (NASDAQ:PRAX) showed a performance of 25.67% in past 30-days. Number of shares sold short was 1.72 million shares which calculate 5.84 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 146.5 to the stock, which implies a rise of 46.84% to its current value. Analysts have been projecting 120 as a low price target for the stock while placing it at a high target of 170. It follows that stock’s current price would drop -54.08% in reaching the projected high whereas dropping to the targeted low would mean a loss of -54.08% for stock’s current value.
Praxis Precision Medicines Inc (PRAX) estimates and forecasts
Statistics highlight that Praxis Precision Medicines Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 59.65% of value to its shares in past 6 months, showing an annual growth rate of 53.13% while that of industry is 16.60. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -41.60% from the last financial year’s standing.
10 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 370k for the same. And 6 analysts are in estimates of company making revenue of 270k in the next quarter. Company posted 515k and 431k of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -10.28% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 46.64% while estimates for its earnings growth in next 5 years are of -14.60%.
Praxis Precision Medicines Inc (NASDAQ:PRAX)’s Major holders
Insiders are in possession of 0.25% of company’s total shares while institution are holding 107.81 percent of that, with stock having share float percentage of 108.08%. Investors also watch the number of corporate investors in a company very closely, which is 107.81% institutions for Praxis Precision Medicines Inc that are currently holding shares of the company.
