NASDAQ:PRAX Praxis Precision Medicines (PRAX) Stock Price, News & Analysis → Better than Bitcoin? The Biotech Stock with 46,751% Potential (From Behind the Markets) (Ad) Free PRAX Stock Alerts $52.88 +1.74 (+3.40%) (As of 04/25/2024 ET) Add Compare Share Share Today's Range$48.00▼$52.8850-Day Range$40.20▼$62.1852-Week Range$12.45▼$67.21Volume137,083 shsAverage Volume221,081 shsMarket Capitalization$700.13 millionP/E RatioN/ADividend YieldN/APrice Target$103.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Praxis Precision Medicines alerts: Email Address Praxis Precision Medicines MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.75 Rating ScoreUpside/Downside94.8% Upside$103.00 Price TargetShort InterestHealthy4.69% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.72Based on 3 Articles This WeekInsider TradingN/AProj. Earnings GrowthDecreasingFrom ($8.64) to ($9.42) Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.2.11 out of 5 starsMedical Sector602nd out of 907 stocksPharmaceutical Preparations Industry272nd out of 422 stocks 3.4 Analyst's Opinion Consensus RatingPraxis Precision Medicines has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.Amount of Analyst CoveragePraxis Precision Medicines has only been the subject of 2 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted4.69% of the float of Praxis Precision Medicines has been sold short.Short Interest Ratio / Days to CoverPraxis Precision Medicines has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Praxis Precision Medicines has recently increased by 77.07%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldPraxis Precision Medicines does not currently pay a dividend.Dividend GrowthPraxis Precision Medicines does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for PRAX. Previous Next 3.2 News and Social Media Coverage News SentimentPraxis Precision Medicines has a news sentiment score of 0.72. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.41 average news sentiment score of Medical companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Praxis Precision Medicines this week, compared to 2 articles on an average week.Search Interest11 people have searched for PRAX on MarketBeat in the last 30 days. This is an increase of 38% compared to the previous 30 days.MarketBeat FollowsOnly 5 people have added Praxis Precision Medicines to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Praxis Precision Medicines insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 2.70% of the stock of Praxis Precision Medicines is held by insiders.Percentage Held by Institutions67.84% of the stock of Praxis Precision Medicines is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.0 Earnings and Valuation Earnings GrowthEarnings for Praxis Precision Medicines are expected to decrease in the coming year, from ($8.64) to ($9.42) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Praxis Precision Medicines is -2.23, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Praxis Precision Medicines is -2.23, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioPraxis Precision Medicines has a P/B Ratio of 6.68. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Stansberry ResearchMysterious Gold Leverage Just AnnouncedWorld's biggest multibillionaire investor group is buying THIS by the tons Most folks have completely missed the fact that there's one group of investors so powerful they're literally buying ONE THING by the tons… Stacking it in their locked vaults on pallets in record numbers.Find out what it is and see how you can get in with just a few dollars. About Praxis Precision Medicines Stock (NASDAQ:PRAX)Praxis Precision Medicines, Inc., a clinical-stage biopharmaceutical company, engages in the development of therapies for central nervous system disorders characterized by neuronal excitation-inhibition imbalance. It is developing ulixacaltamide, a small molecule inhibitor of T-type calcium channels that is in Phase III clinical trial for the treatment of essential tremor; PRAX-562 for the treatment of pediatric patients with developmental and epileptic encephalopathies (DEE); and PRAX-628 to treat focal epilepsy. The company also develops PRAX-222 for the treatment of pediatric patients with early-onset SCN2A-DEE; PRAX-020 to treat KCNT1 related epilepsies; PRAX-080 for the treatment of PCDH19; and PRAX-090 and PRAX-100 for SYNGAP1 and SCN2A-LoF. It has a license agreement with RogCon Inc.; a research collaboration and license agreement with Ionis Pharmaceuticals, Inc.; a strategic collaboration and license agreement with UCB Biopharma SRL; and collaboration with The Florey Institute to develop three novel ASOs. The company was incorporated in 2015 and is based in Boston, Massachusetts.Read More PRAX Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart PRAX Stock News HeadlinesApril 22, 2024 | markets.businessinsider.comAnalysts Are Bullish on Top Healthcare Stocks: BioCryst (BCRX), Ironwood Pharma (IRWD)April 17, 2024 | msn.comWhy an ALS Drug Was Pulled From the MarketApril 25, 2024 | Behind the Markets (Ad)Better than Bitcoin? The Biotech Stock with 46,751% Potential4x Better than Bitcoin Bitcoin would have to go from $68,000 to $314,000 to match the 463% gains we saw with Immunogen in December.April 12, 2024 | globenewswire.comPraxis Precision Medicines to Present on Ulixacaltamide at the American Academy of Neurology 2024 Annual MeetingApril 5, 2024 | globenewswire.comPraxis Precision Medicines to Participate in Upcoming April ConferencesApril 2, 2024 | globenewswire.comPraxis Precision Medicines, Inc. Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)March 28, 2024 | markets.businessinsider.comPraxis Precision Medicines Announces Pricing Of Underwritten Public OfferingMarch 28, 2024 | globenewswire.comPraxis Precision Medicines, Inc. Announces Pricing of $200 Million Public OfferingApril 25, 2024 | Behind the Markets (Ad)Better than Bitcoin? The Biotech Stock with 46,751% Potential4x Better than Bitcoin Bitcoin would have to go from $68,000 to $314,000 to match the 463% gains we saw with Immunogen in December.March 27, 2024 | globenewswire.comPraxis Precision Medicines, Inc. Announces Proposed Public OfferingMarch 26, 2024 | msn.comPraxis gains after mid-stage data for epilepsy candidateMarch 26, 2024 | markets.businessinsider.comPraxis Precision Medicines Reports Positive Results From PRAX-628 Study - Quick FactsMarch 26, 2024 | markets.businessinsider.comBuy Rating Affirmed for Praxis Precision Medicines’ PRAX-628 Based on Strong Clinical Trial Outcomes and Market PotentialMarch 26, 2024 | msn.comWhy Praxis Precision Medicines Stock Is Trading Higher TuesdayMarch 26, 2024 | finance.yahoo.comTop 1% Biotech, Praxis, Releases 'Fireworks' And Catapults To Year-HighMarch 26, 2024 | seekingalpha.comPraxis: 2nd Half 2024 ET Readout Could Lead To U.S. Regulatory FilingMarch 26, 2024 | globenewswire.comPraxis Precision Medicines Reports Positive Results of PRAX-628 Study Evaluating Photo Paroxysmal Response (PPR) Achieving 100% Response in Treated PatientsMarch 25, 2024 | globenewswire.comPraxis Precision Medicines to Host PRAX-628 Program UpdateMarch 25, 2024 | finance.yahoo.comA Look At The Intrinsic Value Of Praxis Precision Medicines, Inc. (NASDAQ:PRAX)March 20, 2024 | markets.businessinsider.comAnalysts Offer Insights on Healthcare Companies: Praxis Precision Medicines (PRAX), Clene (CLNN) and Jazz Pharmaceuticals (JAZZ)March 19, 2024 | ca.finance.yahoo.comPRAX Apr 2024 60.000 callMarch 16, 2024 | finance.yahoo.comPRAX May 2024 22.500 callMarch 15, 2024 | markets.businessinsider.comAnalysts Are Bullish on These Healthcare Stocks: Allakos (ALLK), Century Therapeutics (IPSC)March 11, 2024 | markets.businessinsider.comBuy Rating Affirmed for Praxis Precision Medicines Amidst Promising Pipeline and Financial StabilityMarch 7, 2024 | finance.yahoo.comPraxis Precision Medicines Inc (PRAX) Reports Full-Year 2023 Financial Results and Corporate UpdatesMarch 7, 2024 | markets.businessinsider.comAnalysts Offer Insights on Healthcare Companies: Praxis Precision Medicines (PRAX), InMode (INMD) and Teladoc (TDOC)March 6, 2024 | msn.comPraxis Precision Medicines files for $750M mixed shelf offeringSee More Headlines Receive PRAX Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Praxis Precision Medicines and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings3/05/2024Today4/25/2024Next Earnings (Estimated)5/09/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorMedical Industry Pharmaceutical preparations Sub-IndustryN/A Current SymbolNASDAQ:PRAX CUSIPN/A CIK1689548 Webwww.praxismedicines.com Phone617-300-8460FaxN/AEmployees82Year FoundedN/APrice Target and Rating Average Stock Price Target$103.00 High Stock Price Target$150.00 Low Stock Price Target$29.00 Potential Upside/Downside+101.4%Consensus RatingModerate Buy Rating Score (0-4)2.75 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)($23.66) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-123,280,000.00 Net Margins-5,037.88% Pretax Margin-5,037.88% Return on Equity-151.02% Return on Assets-115.60% Debt Debt-to-Equity RatioN/A Current Ratio5.39 Quick Ratio5.39 Sales & Book Value Annual Sales$2.45 million Price / Sales276.36 Cash FlowN/A Price / Cash FlowN/A Book Value$7.92 per share Price / Book6.46Miscellaneous Outstanding Shares13,240,000Free Float12,881,000Market Cap$677.09 million OptionableOptionable Beta2.89 Elon Musk's Next MoveWondering when you'll finally be able to invest in SpaceX, StarLink, or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.Get This Free Report Key ExecutivesMr. Marcio Silva De'Souza M.B.A. (Age 44)President, CEO & Director Comp: $1.18MMr. Timothy Edwin Kelly (Age 50)CFO & Treasurer Comp: $691.58kMr. Alex Nemiroff J.D. (Age 44)General Counsel & Secretary Comp: $577.34kDr. Steven Petrou B.Sc. (Hons.)Ph.D., Co-Founder & Chief Scientific OfficerLauren MastrocolaVP of Finance & Principal Accounting OfficerDr. Karl Hansen Ph.D.Chief Technical Operations OfficerAlex KaneVP of Investor Relations & Corporate CommunicationsMs. Kelly McCueChief People OfficerMs. Alyssa J. S. Wyant (Age 49)Chief Regulatory & Quality Officer Ms. Megan T. Sniecinski (Age 42)Chief Business Officer More ExecutivesKey CompetitorsAerovate TherapeuticsNASDAQ:AVTESavaraNASDAQ:SVRAPharming GroupNASDAQ:PHARDisc MedicineNASDAQ:IRONCogent BiosciencesNASDAQ:COGTView All CompetitorsInsiders & InstitutionsSimplex Trading LLCBought 1,000 shares on 4/25/2024Ownership: 0.000%Assenagon Asset Management S.A.Bought 71,253 shares on 4/24/2024Ownership: 0.538%Windmill Hill Asset Management LtdBought 5,268 shares on 4/22/2024Ownership: 0.040%PCG Wealth Advisors LLCBought 12,917 shares on 4/19/2024Ownership: 0.098%Kingdon Capital Management L.L.C.Sold 4,853,335 shares on 3/18/2024Ownership: 2.618%View All Insider TransactionsView All Institutional Transactions PRAX Stock Analysis - Frequently Asked Questions Should I buy or sell Praxis Precision Medicines stock right now? 4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Praxis Precision Medicines in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PRAX shares. View PRAX analyst ratings or view top-rated stocks. What is Praxis Precision Medicines' stock price target for 2024? 4 equities research analysts have issued 12-month price objectives for Praxis Precision Medicines' stock. Their PRAX share price targets range from $29.00 to $150.00. On average, they expect the company's stock price to reach $103.00 in the next twelve months. This suggests a possible upside of 94.8% from the stock's current price. View analysts price targets for PRAX or view top-rated stocks among Wall Street analysts. How have PRAX shares performed in 2024? Praxis Precision Medicines' stock was trading at $22.28 at the beginning of 2024. Since then, PRAX stock has increased by 137.3% and is now trading at $52.88. View the best growth stocks for 2024 here. Are investors shorting Praxis Precision Medicines? Praxis Precision Medicines saw a increase in short interest during the month of April. As of April 15th, there was short interest totaling 763,900 shares, an increase of 77.1% from the March 31st total of 431,400 shares. Based on an average daily trading volume, of 200,900 shares, the days-to-cover ratio is currently 3.8 days. Currently, 4.7% of the shares of the company are sold short. View Praxis Precision Medicines' Short Interest. When is Praxis Precision Medicines' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024. View our PRAX earnings forecast. How were Praxis Precision Medicines' earnings last quarter? Praxis Precision Medicines, Inc. (NASDAQ:PRAX) issued its earnings results on Tuesday, March, 5th. The company reported ($2.97) earnings per share for the quarter, beating analysts' consensus estimates of ($3.05) by $0.08. The company earned $0.52 million during the quarter, compared to analysts' expectations of $0.30 million. Praxis Precision Medicines had a negative net margin of 5,037.88% and a negative trailing twelve-month return on equity of 151.02%. What ETF holds Praxis Precision Medicines' stock? Invesco Dorsey Wright Healthcare Momentum ETF holds 25,514 shares of PRAX stock, representing 0.92% of its portfolio. When did Praxis Precision Medicines' stock split? Praxis Precision Medicines's stock reverse split on the morning of Wednesday, November 29th 2023. The 1-15 reverse split was announced on Wednesday, November 29th 2023. The number of shares owned by shareholders was adjusted after the closing bell on Wednesday, November 29th 2023. An investor that had 100 shares of stock prior to the reverse split would have 7 shares after the split. When did Praxis Precision Medicines IPO? Praxis Precision Medicines (PRAX) raised $126 million in an IPO on Friday, October 16th 2020. The company issued 7,400,000 shares at $16.00-$18.00 per share. Cowen, Evercore ISI, Piper Sandler and Wedbush PacGrow served as the underwriters for the IPO and Blackstone Capital Markets was co-manager. Who are Praxis Precision Medicines' major shareholders? Praxis Precision Medicines' stock is owned by many different institutional and retail investors. Top institutional shareholders include Assenagon Asset Management S.A. (0.54%), PCG Wealth Advisors LLC (0.10%), Windmill Hill Asset Management Ltd (0.04%) and Simplex Trading LLC (0.00%). Insiders that own company stock include Alex Nemiroff, Dean J Mitchell, Jill Desimone, Lauren Mastrocola, Marcio Souza, Parallel Master Fund LP Bsof and Timothy Edwin Kelly. View institutional ownership trends. How do I buy shares of Praxis Precision Medicines? Shares of PRAX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NASDAQ:PRAX) was last updated on 4/25/2024 by MarketBeat.com Staff From Our PartnersConflict In Israel Sends Gold Soaring ???? Here’s How To Get Your ShareColonial MetalsThese AI trades triggered this morning (545% return)Prosper Trading AcademyThe A.I. story nobody is telling you (Read ASAP)TradeSmithHe Is Giving Away BitcoinCrypto Swap ProfitsJim Cramer’s “The Biggest Drug Ever”Behind the MarketsThe AI stock to buy right nowStockEarningsThe only accurate crypto trading system I know …Weiss RatingsFed launches fourth dollar overhaulStansberry Research Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Praxis Precision Medicines, Inc. 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