A new trading day began on Friday, with Praxis Precision Medicines Inc (NASDAQ: PRAX) stock price down -14.29% from the previous day of trading, before settling in for the closing price of $73.68. PRAX’s price has ranged from $31.26 to $86.93 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Meanwhile, its annual earnings per share averaged 45.43%. With a float of $17.30 million, this company’s outstanding shares have now reached $17.79 million.
Considering the fact that the conglomerate employs 82 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 79.44%, operating margin of -10219.0%, and the pretax margin is -9409.22%.
Praxis Precision Medicines Inc (PRAX) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Biotechnology Industry. The insider ownership of Praxis Precision Medicines Inc is 7.20%, while institutional ownership is 95.28%. The most recent insider transaction that took place on Nov 14 ’24, was worth 660,827. In this transaction General Counsel and Secretary of this company sold 8,239 shares at a rate of $80.20, taking the stock ownership to the 10,301 shares. Before that another transaction happened on Nov 14 ’24, when Company’s Principal Accounting Officer sold 5,188 for $81.78, making the entire transaction worth $424,318. This insider now owns 5,613 shares in total.
Praxis Precision Medicines Inc (PRAX) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of -2.99 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 45.43% per share during the next fiscal year.
Praxis Precision Medicines Inc (NASDAQ: PRAX) Trading Performance Indicators
Here are Praxis Precision Medicines Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 10.96. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 735.61.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -10.30, a number that is poised to hit -2.85 in the next quarter and is forecasted to reach -11.47 in one year’s time.
Technical Analysis of Praxis Precision Medicines Inc (PRAX)
Compared to the last year’s volume of 0.32 million, its volume of 0.32 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 3.39%. Additionally, its Average True Range was 4.67.
During the past 100 days, Praxis Precision Medicines Inc’s (PRAX) raw stochastic average was set at 38.57%, which indicates a significant increase from 2.20% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 76.71% in the past 14 days, which was higher than the 66.10% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $74.42, while its 200-day Moving Average is $58.50. Nevertheless, the first resistance level for the watch stands at $69.53 in the near term. At $75.92, the stock is likely to face the second major resistance level. The third major resistance level sits at $79.31. If the price goes on to break the first support level at $59.75, it is likely to go to the next support level at $56.36. Should the price break the second support level, the third support level stands at $49.97.
Praxis Precision Medicines Inc (NASDAQ: PRAX) Key Stats
With a market capitalization of 1.18 billion, the company has a total of 18,638K Shares Outstanding. Currently, annual sales are 2,450 K while annual income is -123,280 K. The company’s previous quarter sales were 300 K while its latest quarter income was -51,910 K.
