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Stock impact report

Has Praxis Precision Medicines Rally Gone Too Far or Is the Market Still Missing Something [Yahoo! Finance]

Praxis Precision Medicines, Inc. (PRAX) 
Company Research Source: Yahoo! Finance
The stock has surged recently, up 2.0% over the last week, 48.3% over the past month and an eye catching 247.6% year to date, with a massive 281.9% gain over the last year and 773.3% over three years, despite being down 62.4% over five years. These sharp moves have been driven by growing optimism around Praxis Precision Medicines drug development pipeline and shifting sentiment on small cap biotech risk, with investors increasingly willing to pay up for perceived breakthrough potential. At the same time, the broader biotech space has seen a rebound in risk appetite, which has helped to amplify any stock specific good news. Even after that kind of rally, our valuation framework gives Praxis Precision Medicines a 2/6 valuation score . This means it screens as undervalued on 2 of 6 checks. Next we will unpack what different valuation approaches say about the stock, before finishing with a more complete way to think about its true worth. Praxis Precision Medicines scores just 2/6 o Show less Read more
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