---
title: "Praxis Precision Medicines (NASDAQ:PRAX) Trading Down 5.6%  - Should You Sell?"
description: "Praxis Precision Medicines (NASDAQ:PRAX) shares fell 5.6% to $36.31, with trading volume down 98% from average levels. Analysts have mixed views, with Needham & Company and Chardan Capital maintaining"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/242689654.md"
published_at: "2025-05-31T17:12:25.000Z"
---

# Praxis Precision Medicines (NASDAQ:PRAX) Trading Down 5.6%  - Should You Sell?

> Praxis Precision Medicines (NASDAQ:PRAX) shares fell 5.6% to $36.31, with trading volume down 98% from average levels. Analysts have mixed views, with Needham & Company and Chardan Capital maintaining "buy" ratings and $80 price targets, while Wedbush and Robert W. Baird lowered their targets significantly. The stock has a consensus rating of "Moderate Buy" and an average target price of $116.50. The company reported a loss of $3.29 per share, missing estimates, and has a market cap of $762.72 million.

Praxis Precision Medicines, Inc. (NASDAQ:PRAX - Get Free Report) shares dropped 5.6% on Friday . The company traded as low as $37.03 and last traded at $36.31. Approximately 6,030 shares changed hands during trading, a decline of 98% from the average daily volume of 385,349 shares. The stock had previously closed at $38.45.

## Analysts Set New Price Targets

A number of brokerages recently commented on PRAX. Needham & Company LLC reiterated a "buy" rating and set a $80.00 price target on shares of Praxis Precision Medicines in a report on Monday, May 5th. Chardan Capital started coverage on shares of Praxis Precision Medicines in a report on Wednesday, May 7th. They issued a "buy" rating and a $80.00 price objective for the company. Wedbush lifted their target price on Praxis Precision Medicines from $26.00 to $28.00 and gave the company an "underperform" rating in a report on Monday, May 5th. Truist Financial decreased their price target on shares of Praxis Precision Medicines from $175.00 to $85.00 and set a "buy" rating on the stock in a report on Monday, March 3rd. Finally, Robert W. Baird lowered their target price on shares of Praxis Precision Medicines from $117.00 to $73.00 and set an "outperform" rating on the stock in a research note on Monday, March 3rd. One research analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Praxis Precision Medicines has a consensus rating of "Moderate Buy" and an average target price of $116.50.

**Check Out Our Latest Analysis on Praxis Precision Medicines**

## Praxis Precision Medicines Trading Down 2.6%

The stock has a 50 day simple moving average of $35.57 and a 200 day simple moving average of $57.53. The firm has a market capitalization of $762.72 million, a PE ratio of -3.61 and a beta of 2.65.

Praxis Precision Medicines (NASDAQ:PRAX - Get Free Report) last posted its earnings results on Friday, May 2nd. The company reported ($3.29) earnings per share for the quarter, missing analysts' consensus estimates of ($3.20) by ($0.09). Praxis Precision Medicines had a negative return on equity of 54.86% and a negative net margin of 9,409.22%. As a group, equities analysts anticipate that Praxis Precision Medicines, Inc. will post -10.22 earnings per share for the current year.

## Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. GF Fund Management CO. LTD. purchased a new stake in Praxis Precision Medicines in the fourth quarter worth $30,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Praxis Precision Medicines in the 4th quarter worth $48,000. GAMMA Investing LLC raised its position in Praxis Precision Medicines by 6,075.4% in the 1st quarter. GAMMA Investing LLC now owns 4,014 shares of the company's stock worth $152,000 after buying an additional 3,949 shares during the last quarter. Graham Capital Management L.P. purchased a new position in shares of Praxis Precision Medicines during the fourth quarter valued at approximately $209,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Praxis Precision Medicines during the 4th quarter valued at $215,000. 67.84% of the stock is currently owned by institutional investors.

## Praxis Precision Medicines Company Profile

(Get Free Report)

Praxis Precision Medicines, Inc, a clinical-stage biopharmaceutical company, engages in the development of therapies for central nervous system disorders characterized by neuronal excitation-inhibition imbalance. It is developing ulixacaltamide, a small molecule inhibitor of T-type calcium channels that is in Phase III clinical trial for the treatment of essential tremor; PRAX-562 for the treatment of pediatric patients with developmental and epileptic encephalopathies (DEE); and PRAX-628 to treat focal epilepsy.

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*This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.*

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- [PRAX.US - Praxis Precision Medicines](https://longbridge.com/en/quote/PRAX.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| Praxis Precision Medicines edges down after $575 mln stock sale | Praxis Precision Medicines shares fell 0.5% to $271.50 following a $575 million stock sale, where approximately 2.2 mill | [Link](https://longbridge.com/en/news/271799539.md) |
| Praxis Precision Medicines, Inc. (NASDAQ:PRAX) Given Consensus Recommendation of "Moderate Buy" by Brokerages | Praxis Precision Medicines, Inc. (NASDAQ:PRAX) has received a consensus rating of "Moderate Buy" from eighteen research  | [Link](https://longbridge.com/en/news/272508104.md) |
| Praxis Precision Medicines Highlights CNS Drug Pipeline and Commercial Strategy in New Presentation | Praxis Precision Medicines Inc. updated its late-stage CNS drug pipeline, highlighting therapies like ulixacaltamide for | [Link](https://longbridge.com/en/news/272275638.md) |
| Praxis Precision Medicines, Inc. Announces Pricing of $575 Million Public Offering \| PRAX Stock News | Praxis Precision Medicines, Inc. has announced the pricing of its public offering of 2,212,000 shares at $260.00 per sha | [Link](https://longbridge.com/en/news/271735280.md) |
| BUZZ-Praxis Precision Medicines slips after announcing equity offering plans | Praxis Precision Medicinesshares fell 4% to $262.01 after announcing plans for an equity offering. The deal size is undi | [Link](https://longbridge.com/en/news/271701379.md) |

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
