Overall market sentiment has been high on Praxis Precision Medicines Inc (PRAX) stock lately. PRAX receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Praxis Precision Medicines Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on PRAX!
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With PRAX Stock Today?
Praxis Precision Medicines Inc (PRAX) stock is lower by -6.62% while the S&P 500 has risen 0.47% as of 1:16 PM on Friday, Dec 1. PRAX is down -$1.20 from the previous closing price of $18.20 on volume of 28,109 shares. Over the past year the S&P 500 is up 12.48% while PRAX is down -48.72%. PRAX lost -$33.65 per share in the over the last 12 months.
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More About Praxis Precision Medicines Inc
Praxis Precision Medicines Inc is a clinical-stage biopharmaceutical company. The firm is engaged in translating genetic insights into the development of therapies for patients affected by central nervous system disorders characterized by a neuronal imbalance. The firm's pipeline covers PRAX-114, for the treatment of a broad range of patients suffering from major depressive disorder and post-traumatic stress disorder; PRAX-944, for the treatment of Essential Tremor and Parkinson's Disease; PRAX-562, and PRAX-222, among others.
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