Praxis Precision Medicines, Inc.

Praxis Precision Medicines, Inc.verified

PRAX

Price:

$70.02

Market Cap:

$1.24B

Praxis Precision Medicines, Inc., a clinical-stage biopharmaceutical company, develops therapies for central nervous system disorders characterized by neuronal imbalance. Its lead product candidates include PRAX-114, an extrasynaptic-preferring GABAA receptor positive allosteric modulator that is in Phase IIa clinical trial for the treatment of major depressive disorder and perimenopausal depression; and PRAX-944, a selective small molecule inhibitor of T-type calcium channels, which is in Phase IIa clinical trial for the treatment of essential tremor. The company is also developing PRAX-562, a persistent sodium current blocker that is in Phase I clinical trial to treat severe pediatric epil...[Read more]

Industry

Biotechnology

IPO Date

2020-10-16

Stock Exchange

NASDAQ

Ticker

PRAX

The Current Ratio as of November 2024 (TTM) for Praxis Precision Medicines, Inc. (PRAX) is 17.30

According to Praxis Precision Medicines, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 17.30. This represents a change of 72.51% compared to the average of 10.03 of the last 4 quarters.

Praxis Precision Medicines, Inc. (PRAX) Historical Current Ratio (quarterly & annually)

How has PRAX Current Ratio performed in the past?

The mean historical Current Ratio of Praxis Precision Medicines, Inc. over the last ten years is 7.63. The current 17.30 Current Ratio has changed 22.58% with respect to the historical average. Over the past ten years (40 quarters), PRAX's Current Ratio was at its highest in in the June 2021 quarter at 22.08. The Current Ratio was at its lowest in in the March 2019 quarter at 0.

Quarterly (TTM)
Annual

Average

7.63

Median

6.03

Minimum

3.12

Maximum

19.23

Praxis Precision Medicines, Inc. (PRAX) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Praxis Precision Medicines, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 188.21%

Maximum Annual Current Ratio = 19.23

Minimum Annual Increase = -60.28%

Minimum Annual Current Ratio = 3.12

Quarterly (TTM)
Annual
YearCurrent RatioChange
20235.3972.72%
20223.12-59.15%
20217.64-60.28%
202019.23188.21%
20196.6779.51%

Praxis Precision Medicines, Inc. (PRAX) Average Current Ratio

How has PRAX Current Ratio performed in the past?

The current Current Ratio of Praxis Precision Medicines, Inc. (PRAX) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

5.38

5-year avg

8.41

10-year avg

7.63

Praxis Precision Medicines, Inc. (PRAX) Current Ratio vs. Peers

How is PRAX’s Current Ratio compared to its peers?

Praxis Precision Medicines, Inc.’s Current Ratio is greater than Molecular Partners AG (14.58), greater than Mineralys Therapeutics, Inc. (11.20), greater than AN2 Therapeutics, Inc. (10.61), less than Pharvaris N.V. (18.45), greater than PepGen Inc. (7.45), less than Theseus Pharmaceuticals, Inc. (29.93), less than PMV Pharmaceuticals, Inc. (19.22), less than Cullinan Oncology, Inc. (28.87), greater than Enliven Therapeutics, Inc. (14.39), greater than Immuneering Corporation (9.39), greater than Anebulo Pharmaceuticals, Inc. (13.46), less than Eliem Therapeutics, Inc. (60.41), greater than HCW Biologics Inc. (0.10), greater than Stoke Therapeutics, Inc. (6.67), less than Edgewise Therapeutics, Inc. (30.24), greater than Crinetics Pharmaceuticals, Inc. (16.09), less than Dyne Therapeutics, Inc. (26.63), greater than Revolution Medicines, Inc. (15.42),

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