Praxis Precision Medicines Stock Price on September 30, 2023
| PRAX Stock | USD 80.17 0.72 0.91% |
If you're considering investing in Praxis Stock, it is important to understand the factors that can impact its price. As of today, the current price of Praxis Precision stands at 80.17, as last reported on the 29th of November, with the highest price reaching 80.62 and the lowest price hitting 78.33 during the day. Praxis Precision appears to be very steady, given 3 months investment horizon. Praxis Precision Med maintains Sharpe Ratio (i.e., Efficiency) of 0.17, which implies the firm had a 0.17% return per unit of risk over the last 3 months. By analyzing Praxis Precision's technical indicators, you can evaluate if the expected return of 0.65% is justified by implied risk. Please evaluate Praxis Precision's Risk Adjusted Performance of 0.1401, coefficient of variation of 580.31, and Semi Deviation of 2.82 to confirm if our risk estimates are consistent with your expectations.
At this time, Praxis Precision's Total Stockholder Equity is fairly stable compared to the past year. Common Stock Shares Outstanding is likely to rise to about 6.9 M in 2024, whereas Common Stock Total Equity is likely to drop 3,520 in 2024. . Price Earnings To Growth Ratio is likely to rise to 0.02 in 2024, whereas Price To Sales Ratio is likely to drop 48.03 in 2024. Praxis Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Praxis |
Sharpe Ratio = 0.166
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Estimated Market Risk
| 3.91 actual daily | 34 66% of assets are more volatile |
Expected Return
| 0.65 actual daily | 12 88% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average Praxis Precision is performing at about 13% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Praxis Precision by adding it to a well-diversified portfolio.
Price Book 3.8696 | Enterprise Value Ebitda (6.86) | Price Sales 922.6001 | Shares Float 14 M | Wall Street Target Price 145.6 |
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Praxis Precision Valuation on September 30, 2023
It is possible to determine the worth of Praxis Precision on a given historical date. On September 30, 2023 Praxis was worth 25.05 at the beginning of the trading date compared to the closed value of 25.65. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Praxis Precision stock. Still, in general, we apply an absolute valuation method to find Praxis Precision's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Praxis Precision where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Praxis Precision's related companies.
| Open | High | Low | Close | Volume | |
| 22.50 | 26.25 | 22.20 | 24.75 | 318,300 | |
09/29/2023 | 25.05 | 26.25 | 24.30 | 25.65 | 100,807 |
| 26.70 | 27.60 | 21.90 | 25.05 | 123,620 |
| Backtest Praxis Precision | | | Praxis Precision History | | | Praxis Precision Valuation | Previous | Next |
Praxis Precision Trading Date Momentum on September 30, 2023
| On October 02 2023 Praxis Precision Medicines was traded for 25.05 at the closing time. The top price for the day was 27.60 and the lowest listed price was 21.90 . The trading volume for the day was 123.6 K. The trading history from October 2, 2023 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 2.34% . The trading delta at closing time against the current closing price is 12.87% . |
Praxis Precision Med Fundamentals Correlations and Trends
By evaluating Praxis Precision's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Praxis Precision's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Praxis financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Praxis Precision Stock history
Praxis Precision investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Praxis is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Praxis Precision Med will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Praxis Precision stock prices may prove useful in developing a viable investing in Praxis Precision
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 6.6 M | 6.9 M | |
| Net Loss | -192.6 M | -183 M |
Praxis Precision Quarterly Net Working Capital |
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Praxis Precision Stock Technical Analysis
Praxis Precision technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Praxis Precision Period Price Range
Low | November 29, 2024
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0.00 | 0.00 |
Praxis Precision Medicines cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Praxis Precision November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Praxis Precision stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Praxis Precision shares will generate the highest return on investment. By undertsting and applying Praxis Precision stock market strength indicators, traders can identify Praxis Precision Medicines entry and exit signals to maximize returns
Praxis Precision Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Praxis Precision's price direction in advance. Along with the technical and fundamental analysis of Praxis Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Praxis to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1401 | |||
| Jensen Alpha | 0.529 | |||
| Total Risk Alpha | 0.0752 | |||
| Sortino Ratio | 0.1691 | |||
| Treynor Ratio | 0.5637 |
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Additional Tools for Praxis Stock Analysis
When running Praxis Precision's price analysis, check to measure Praxis Precision's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Praxis Precision is operating at the current time. Most of Praxis Precision's value examination focuses on studying past and present price action to predict the probability of Praxis Precision's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Praxis Precision's price. Additionally, you may evaluate how the addition of Praxis Precision to your portfolios can decrease your overall portfolio volatility.