Pardes Biosciences, Inc.

Pardes Biosciences, Inc.verified

PRDS

Price:

$2.18

Market Cap:

$135.19M

Pardes Biosciences, Inc., a clinical stage biopharmaceutical company, focuses on discovering, developing, and commercializing novel therapeutics to improve the lives of patients suffering from life-threatening disease. Its lead candidate is the PBI-0451 that is in clinical development stage to treat and prevent severe acute respiratory syndrome coronavirus 2 infections and associated diseases. The company was incorporated in 2020 and is headquartered in Carlsbad, California.[Read more]

Industry

Biotechnology

IPO Date

2021-12-27

Stock Exchange

NASDAQ

Ticker

PRDS

The Current Ratio as of September 2024 (TTM) for Pardes Biosciences, Inc. (PRDS) is 81.72

According to Pardes Biosciences, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 81.72. This represents a change of 162.01% compared to the average of 31.19 of the last 4 quarters.

Pardes Biosciences, Inc. (PRDS) Historical Current Ratio (quarterly & annually)

How has PRDS Current Ratio performed in the past?

The mean historical Current Ratio of Pardes Biosciences, Inc. over the last ten years is 13.58. The current 81.72 Current Ratio has changed 60.09% with respect to the historical average. Over the past ten years (40 quarters), PRDS's Current Ratio was at its highest in in the June 2023 quarter at 81.72. The Current Ratio was at its lowest in in the March 2021 quarter at 0.13.

Quarterly (TTM)
Annual

Average

13.58

Median

9.81

Minimum

0.22

Maximum

30.70

Pardes Biosciences, Inc. (PRDS) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Pardes Biosciences, 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 = 14.05%

Maximum Annual Current Ratio = 30.70

Minimum Annual Increase = -68.04%

Minimum Annual Current Ratio = 0.22

Quarterly (TTM)
Annual
YearCurrent RatioChange
20229.81-68.04%
202130.7014.05%

Pardes Biosciences, Inc. (PRDS) Average Current Ratio

How has PRDS Current Ratio performed in the past?

The current Current Ratio of Pardes Biosciences, Inc. (PRDS) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

13.58

5-year avg

13.58

10-year avg

13.58

Pardes Biosciences, Inc. (PRDS) Current Ratio vs. Peers

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

Pardes Biosciences, Inc.’s Current Ratio is greater than Shattuck Labs, Inc. (7.62), greater than Eliem Therapeutics, Inc. (60.41), greater than Champions Oncology, Inc. (0.63), greater than Century Therapeutics, Inc. (10.62), greater than Neoleukin Therapeutics, Inc. (15.33), greater than Instil Bio, Inc. (15.06), greater than Achilles Therapeutics plc (8.24), greater than NextCure, Inc. (8.35), greater than Assembly Biosciences, Inc. (2.74), greater than CytomX Therapeutics, Inc. (1.00), greater than Nuvation Bio Inc. (11.49), greater than Ovid Therapeutics Inc. (5.73), greater than Connect Biopharma Holdings Limited (4.99),

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