Praxis Precision Medicines Inc (NASDAQ: PRAX) is 197.58% higher on its value in year-to-date trading and has touched a low of $13.01 and a high of $67.21 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PRAX stock was last observed hovering at around $61.14 in the last trading session, with the day’s gains setting it 5.16%.
Currently trading at $66.30, the stock is 13.00% and 18.64% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.7 million and changing 8.44% at the moment leaves the stock 39.78% off its SMA200. PRAX registered 171.17% gain for a year compared to 6-month gain of 30.67%. The firm has a 50-day simple moving average (SMA 50) of $56.0692 and a 200-day simple moving average (SMA200) of $47.68505.
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The stock witnessed a 9.21% loss in the last 1 month and extending the period to 3 months gives it a 64.43%, and is 14.73% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.06% over the week and 6.55% over the month.
Praxis Precision Medicines Inc (PRAX) has around 82 employees, a market worth around $1.18B and $1.77M in sales. Profit margin for the company is -6987.01%. Distance from 52-week low is 409.80% and -1.35% from its 52-week high. The company has generated returns on investments over the last 12 months (-29.47%).
The EPS is expected to grow by 54.58% this year
158.0 institutions hold shares in Praxis Precision Medicines Inc (PRAX), with institutional investors hold 107.31% of the company’s shares. The shares outstanding are 17.76M, and float is at 16.40M with Short Float at 11.60%. Institutions hold 107.03% of the Float.
Praxis Precision Medicines Inc (PRAX) Insider Activity
The most recent transaction is an insider purchase by DeSimone Jill, the company’s Director. SEC filings show that DeSimone Jill bought 14,500 shares of the company’s common stock on Oct 05 ’23 at a price of $1.75 per share for a total of $25375.0. Following the purchase, the insider now owns 14500.0 shares.
