PaxMedica, Inc. Common Stock

PaxMedica, Inc. Common Stockverified

PXMD

Price:

$0.0995

Market Cap:

$1.08M

PaxMedica, Inc., a clinical stage biopharmaceutical company, focuses on the development of anti-purinergic drug therapies (APT) for the treatment of disorders with intractable neurologic symptoms. The company's lead product candidate is PAX-101, an intravenous formulation of suramin for various indications, including autism spectrum disorder, myalgic encephalomyelitis/chronic fatigue syndrome, long COVID-19 syndrome, and human african trypanosomiasis. It is also involved in developing PAX-102, an intranasal formulation of suramin for neurologic indications. The company was formerly known as Purinix Pharmaceuticals LLC and changed its name to PaxMedica, Inc. in April 2020. PaxMedica, Inc. was...[Read more]

Industry

Biotechnology

IPO Date

2022-08-26

Stock Exchange

NASDAQ

Ticker

PXMD

The Current Ratio as of November 2024 (TTM) for PaxMedica, Inc. Common Stock (PXMD) is 0.38

According to PaxMedica, Inc. Common Stock’s latest financial reports and current stock price. The company's current Current Ratio is 0.38. This represents a change of -78.12% compared to the average of 1.73 of the last 4 quarters.

PaxMedica, Inc. Common Stock (PXMD) Historical Current Ratio (quarterly & annually)

How has PXMD Current Ratio performed in the past?

The mean historical Current Ratio of PaxMedica, Inc. Common Stock over the last ten years is 1.01. The current 0.38 Current Ratio has changed 3.65% with respect to the historical average. Over the past ten years (40 quarters), PXMD's Current Ratio was at its highest in in the December 2023 quarter at 3.16. The Current Ratio was at its lowest in in the March 2019 quarter at 0.

Quarterly (TTM)
Annual

Average

1.01

Median

0.63

Minimum

0.04

Maximum

3.16

PaxMedica, Inc. Common Stock (PXMD) Current Ratio by Quarter and Year

Discovering the peaks and valleys of PaxMedica, Inc. Common Stock 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 = 2.45%

Maximum Annual Current Ratio = 3.16

Minimum Annual Increase = -85.67%

Minimum Annual Current Ratio = 0.04

Quarterly (TTM)
Annual
YearCurrent RatioChange
20233.16200.78%
20221.052.45%
20210.04-78.87%
20200.20-3.49%
20190.20-85.67%

PaxMedica, Inc. Common Stock (PXMD) Average Current Ratio

How has PXMD Current Ratio performed in the past?

The current Current Ratio of PaxMedica, Inc. Common Stock (PXMD) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

1.42

5-year avg

0.93

10-year avg

1.01

PaxMedica, Inc. Common Stock (PXMD) Current Ratio vs. Peers

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

PaxMedica, Inc. Common Stock’s Current Ratio is less than Quoin Pharmaceuticals, Ltd. (3.02), less than Blue Water Vaccines, Inc. (0.54), less than Revelation Biosciences, Inc. (1.64), less than Hillstream BioPharma, Inc. (2.25), less than Unicycive Therapeutics, Inc. (3.61), less than Cardio Diagnostics Holdings, Inc. (8.51), less than Virax Biolabs Group Limited (25.94), less than Allarity Therapeutics, Inc. (2.75), greater than Kiromic BioPharma, Inc. (0.22), less than Biodexa Pharmaceuticals Plc (2.16), less than Kiora Pharmaceuticals, Inc. (8.97), greater than ZyVersa Therapeutics, Inc. (0.03), less than Palisade Bio, Inc. (3.31), less than Apexigen, Inc. (1.29), less than Immix Biopharma, Inc. (3.47),

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