PaxMedica Inc [NASDAQ: PXMD] loss -13.03% on the last trading session, reaching $0.60 price per share at the time. The company report on March 13, 2024 at 8:20 AM that PaxMedica Updated Company Presentation Highlighting Innovations in Autism Spectrum Disorder Treatments.
If compared to the average trading volume of 218.18K shares, PXMD reached a trading volume of 5973090 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about PaxMedica Inc [PXMD]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PXMD shares is $3.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PXMD stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
The Average True Range (ATR) for PaxMedica Inc is set at 0.10 The Price to Book ratio for the last quarter was 1.31, with the Price to Cash per share for the same quarter was set at 0.64.
Trading performance analysis for PXMD stock
PaxMedica Inc [PXMD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.58. With this latest performance, PXMD shares gained by 37.01% in over the last four-week period, additionally sinking by -87.62% over the last 6 months – not to mention a drop of -98.03% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PXMD stock in for the last two-week period is set at 47.28, with the RSI for the last a single of trading hit 44.21, and the three-weeks RSI is set at 45.29 for PaxMedica Inc [PXMD]. The present Moving Average for the last 50 days of trading for this stock 0.5865, while it was recorded at 0.6757 for the last single week of trading, and 6.1932 for the last 200 days.
PaxMedica Inc [PXMD]: A deeper dive into fundamental analysis
PaxMedica Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.16 and a Current Ratio set at 3.16.
An analysis of Institutional ownership at PaxMedica Inc [PXMD]
The top three institutional holders of PXMD stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in PXMD stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in PXMD stock with ownership which is approximately 5.8325%.
