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Praxis Precision Medicines, Inc. (PRAX) Expected to Beat Earnings Estimates: Should You Buy?
ZACKS· 2025-10-29 15:07
Praxis Precision Medicines, Inc. (PRAX) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2025. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, ...
Meet the Biotech Stock That Just Jumped 251% Higher
The Motley Fool· 2025-10-26 07:47
Core Insights - Praxis Precision Medicines experienced a significant stock surge of 251% following positive phase 3 trial results for ulixacaltamide, a treatment for essential tremor patients [2][3] - The essential tremor condition affects approximately 10 million Americans, with only one approved treatment currently available, indicating a substantial market opportunity for new therapies [5] - Ulixacaltamide has shown promising results in clinical trials, but the company is still in the pre-commercial stage, which may pose risks for investors [3][15] Company Overview - Praxis Precision Medicines is focused on developing treatments for neurological disorders, with ulixacaltamide targeting essential tremor and vormatrigine aimed at epilepsy [13][14] - The company has a market capitalization of approximately $4 billion, reflecting investor interest in its late-stage drug candidates [12][16] - Praxis recently raised $525 million in a secondary offering, bolstering its cash reserves to support ongoing development efforts [15] Clinical Trial Results - In the first phase 3 study, patients treated with ulixacaltamide showed an average improvement of 4.3 points on a modified Activities of Daily Living test, compared to a 1.7-point improvement in the placebo group [7] - The second study indicated that patients who continued treatment with ulixacaltamide had a significantly higher likelihood of maintaining a response and reported improved disease outcomes [8] - Despite the positive results, a notable discontinuation rate of 35.6% in the first study and 38.1% in the second study raises concerns about treatment tolerability [10][11] Market Potential - The potential annual sales for ulixacaltamide could reach billions, given the large population of underserved essential tremor patients [3] - Up to 77% of essential tremor patients feel inadequately treated, and nearly 50% are not receiving any treatment, highlighting a significant unmet medical need [6] Future Prospects - Praxis is also advancing other drug candidates, including vormatrigine for epilepsy, which has shown promising phase 2 results with a 60% reduction in seizure rates for treated patients [13] - The company is preparing to enter phase 3 trials for vormatrigine, indicating a robust pipeline of potential therapies [14] - Investors with a high-risk tolerance may find Praxis an attractive opportunity due to its focus on underserved populations and multiple late-stage candidates [16]
Revolution Medicines, Disc Medicine, American Express And Other Big Stocks Moving Higher On Friday - American Express (NYSE:AXP), AppFolio (NASDAQ:APPF)
Benzinga· 2025-10-17 16:02
Core Insights - U.S. stocks experienced a mostly positive session, with the Dow Jones index increasing by over 150 points on Friday [1] Company Highlights - Revolution Medicines Inc (NASDAQ:RVMD) saw a significant share price increase of 11.2%, reaching $55.25, after the FDA granted a non-transferrable voucher for its drug daraxonrasib under the National Priority Voucher pilot program [1] - Disc Medicine Inc (NASDAQ:IRON) shares surged by 25.7% to $93.50 following the receipt of a Commissioner's National Priority Voucher from the FDA for bitopertin [4] - Liberty Energy Inc (NYSE:LBRT) reported a 23.4% increase in share price to $14.73 after announcing third-quarter results [4] - Solana Co (NASDAQ:HSDT) shares rose by 19.5% to $12.08 [4] - Sealsq Corp (NASDAQ:LAES) experienced a 14.4% increase, reaching $7.28 [4] - Rekor Systems Inc (NASDAQ:REKR) shares gained 13.3% to $2.94 [4] - Praxis Precision Medicines Inc (NASDAQ:PRAX) saw a 12.5% increase to $183.00 after announcing a $525 million public offering [4] - Sify Technologies Ltd (NYSE:SIFY) shares rose by 11.8% to $13.15 [4] - Kenvue Inc (NYSE:KVUE) increased by 8.4% to $15.30 [4] - Propetro Holding Corp (NYSE:PUMP) surged by 7.6% to $5.52 [4] - Owens & Minor Inc (NYSE:OMI) shares gained 6.7% to $4.90 [4] - American Express Co (NYSE:AXP) reported a 6% increase in share price to $342.57, surpassing analyst estimates for revenue and adjusted earnings per share [4] - AppFolio Inc (NASDAQ:APPF) shares increased by 4.7% to $233.90, with an upgrade from Keybanc analyst Jason Celino from Sector Weight to Overweight and a new price target of $285 [4]
Praxis Precision Medicines (PRAX) Surges 183.7%: Is This an Indication of Further Gains?
ZACKS· 2025-10-17 14:10
Core Insights - Praxis Precision Medicines, Inc. (PRAX) shares experienced a significant rally of 183.7%, closing at $162.71, attributed to higher trading volume compared to typical sessions [1] - The stock has gained 30.3% over the past four weeks, indicating strong investor interest [1] Study Results - Positive topline results from two phase III studies of ulixacaltamide for treating essential tremor (ET) were announced, with Study 1 showing a 4.3-point mean improvement in daily functioning at Week 8 compared to placebo, meeting the primary endpoint [2] - Study 2 revealed that 55% of ulixacaltamide-treated patients maintained response compared to 33% on placebo, confirming sustained benefit and meeting the primary endpoint [2] - The drug was well tolerated, with no serious drug-related adverse events reported, positioning ulixacaltamide as a potential first-in-class treatment for ET, which affects around 7 million Americans [2] Regulatory Outlook - Praxis has submitted a pre-NDA meeting request to the FDA, indicating a path toward commercialization, with plans to submit a regulatory application for ulixacaltamide in early 2026 [2] Financial Expectations - The company is expected to report a quarterly loss of $3.45 per share, reflecting a year-over-year change of -25.5%, while revenues are anticipated to be $0.33 million, up 10.7% from the previous year [3] - The consensus EPS estimate for the quarter has remained unchanged over the last 30 days, suggesting that stock price movements may not continue without trends in earnings estimate revisions [4] Industry Context - Praxis Precision Medicines is part of the Zacks Medical - Biomedical and Genetics industry, where Royalty Pharma (RPRX) also operates, finishing the last trading session 0.4% higher at $36.34 [4] - Royalty Pharma's consensus EPS estimate for the upcoming report has changed by +0.8% over the past month to $1.11, representing a year-over-year change of +6.7% [5]
Praxis Precision Medicines prices $525M public offering (NASDAQ:PRAX)
Seeking Alpha· 2025-10-17 04:36
Core Viewpoint - The article emphasizes the importance of enabling Javascript and cookies in browsers to prevent access issues, particularly when ad-blockers are enabled [1] Group 1 - The article suggests that users may face restrictions if they have ad-blockers enabled, indicating a need for adjustments in browser settings [1]
Praxis Precision Medicines, Inc. Announces Pricing of $525 Million Public Offering
Globenewswire· 2025-10-17 03:45
Core Viewpoint - Praxis Precision Medicines, Inc. has announced a public offering of 3,025,480 shares of common stock priced at $157.00 per share, along with pre-funded warrants for an additional 318,470 shares, aiming to raise approximately $525 million in gross proceeds before expenses [1] Group 1: Offering Details - The offering includes 3,025,480 shares of common stock priced at $157.00 each and pre-funded warrants to purchase up to 318,470 shares at a price of $156.9999 per warrant [1] - The gross proceeds from the offering are expected to be around $525 million, excluding underwriting discounts and commissions [1] - Praxis has granted underwriters a 30-day option to purchase up to 501,592 additional shares at the public offering price [1] Group 2: Underwriters - TD Cowen, Piper Sandler, Guggenheim Securities, and Truist Securities are acting as joint book-running managers for the offering [2] - Oppenheimer & Co. and H.C. Wainwright & Co. are serving as lead managers for the offering [2] Group 3: Regulatory Information - The offering is made under a shelf registration statement on Form S-3ASR, which became effective upon filing with the SEC on December 23, 2024 [3] - A preliminary prospectus supplement was filed with the SEC on October 16, 2025, with the final prospectus supplement to be filed subsequently [3]
Praxis Precision Medicines, Inc. (PRAX) Discusses Essential3 Topline Results and Next Steps in Essential Tremor Program Transcript
Seeking Alpha· 2025-10-17 00:56
Group 1 - The conference call is focused on the Essential3 Topline Results from Praxis Precision Medicines [1][2] - The call is being webcast live and can be accessed on the Investors section of Praxis' website [2] - Forward-looking statements may be included, reflecting the company's future expectations and plans [3] Group 2 - The company emphasizes that forward-looking statements should not be relied upon as future representations [3] - Praxis may update its forward-looking statements in the future but is not obligated to do so [3] - Recent filings with the Securities and Exchange Commission provide details on risks and uncertainties associated with the company's business [3]
Recent Market Movements Highlight Significant Price Changes in Various Companies
Financial Modeling Prep· 2025-10-16 22:00
Group 1: Praxis Precision Medicines, Inc. - The company experienced a stock price surge of 204.8% to $174.80, attributed to positive developments in its clinical-stage biopharmaceutical efforts [1][5] - Positive topline results from two pivotal Phase 3 studies of ulixacaltamide, a treatment for essential tremor, have fueled investor optimism [1] Group 2: NAYA Biosciences, Inc. (INVO Fertility, Inc.) - The company saw a 142.7% increase in stock price to $1.83, linked to its strategic focus on fertility care and separation from its oncology business [2][5] - The innovative approach to assisted reproductive technology (ART) through the proprietary INVOcell® medical device is a key driver of this growth [2] Group 3: rYojbaba Co., Ltd. - The company experienced an 80.6% increase in stock price to $3.92, attributed to its support in corporate and labor consulting services [3] - The successful closing of its initial public offering, involving 1.25 million shares at $4.00 per share, resulted in gross proceeds of $5 million [3] Group 4: Sonder Holdings Inc. - The company saw a stock price rise of 66.2% to $1.52, reflecting investor confidence in its hospitality business model [4] - The release of its financial results for the second quarter of 2025 has contributed to increased investor interest [4]
Praxis Precision Medicines Sees New Price Target from Jefferies
Financial Modeling Prep· 2025-10-16 21:12
Core Insights - Praxis Precision Medicines (NASDAQ:PRAX) is focused on developing treatments for central nervous system disorders, with a new price target set at $300 by Jefferies analyst Andrew Tsai, indicating a potential growth of approximately 70.69% from the current price of $175.76 [1][5] Company Performance - The current trading price of PRAX is $176.01, reflecting a substantial increase of 206.90% with a change of $118.66, and the stock has experienced fluctuations today, with a low of $158 and a high of $205.89, the latter being its highest price in the past year [3][5] - PRAX's market capitalization is approximately $3.70 billion, indicating the company's value in the market, and the trading volume today is 11.48 million shares, suggesting significant investor activity [4][5] Drug Development and Market Position - Optimism surrounding PRAX is driven by promising results from its experimental drug for movement disorders, which has shown improvement in daily functioning for patients in two late-stage trials, potentially enhancing Praxis's position in the healthcare and pharmaceuticals sector [2][5]