NASDAQ:PXMD

PaxMedica (PXMD) Stock Price, News & Analysis

$0.69
-0.06 (-8.02%)
(As of 05/1/2024 ET)
Today's Range
$0.65
$0.77
50-Day Range
$0.41
$0.84
52-Week Range
$0.37
$29.75
Volume
985,793 shs
Average Volume
1.85 million shs
Market Capitalization
$5.14 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$3.00

PaxMedica MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
334.7% Upside
$3.00 Price Target
Short Interest
Bearish
9.41% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.23mentions of PaxMedica in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.92 out of 5 stars

PXMD stock logo

About PaxMedica Stock (NASDAQ:PXMD)

PaxMedica, Inc., a clinical stage biopharmaceutical company, focuses on the development of anti-purinergic drug therapies for the treatment of disorders with intractable neurologic symptoms. Its lead product candidate is PAX-101 that is in Phase 3 clinical trials, an intravenous formulation of suramin for the treatment of autism spectrum disorder, myalgic encephalomyelitis/chronic fatigue syndrome, long COVID-19 syndrome, fragile X syndrome, human African trypanosomiasis (HAT), and fragile X-associated tremor/ataxia syndrome. The company is developing PAX-102, an intranasal formulation of suramin for neurologic indications, as well as other new chemical entities that are targeted and selective antagonists of purine receptor subtypes; and PAX-HAT-301 for the treatment of HAT. It has a research collaboration agreement with PolarMar Health for Phase II clinical trial in austism spectrum disorder for emodin, which retains the rights for PolarMar to develop and commercialize any non-prescription supplement form of the product, and for PaxMedica, Inc. to retain exclusive rights to develop and commercialize a highly purified form of emodin. The company was formerly known as Purinix Pharmaceuticals LLC and changed its name to PaxMedica, Inc. in April 2020. PaxMedica, Inc. was incorporated in 2018 and is based in Tarrytown, New York.

PXMD Stock Price History

PXMD Stock News Headlines

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Why Is PaxMedica (PXMD) Stock Up 93% Today?
Why Is PaxMedica (PXMD) Stock Up 93% Today?
PaxMedica Inc Ordinary Shares PXMD
PaxMedica on Promising Path to Address Unmet ASD Needs
See More Headlines
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Company Calendar

Today
5/01/2024
Next Earnings (Estimated)
5/20/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Pharmaceutical preparations
Sub-Industry
N/A
Current Symbol
NASDAQ:PXMD
Fax
N/A
Employees
6
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$3.00
High Stock Price Target
$3.00
Low Stock Price Target
$3.00
Potential Upside/Downside
+302.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$-18,290,000.00
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
N/A
Book Value
$0.46 per share

Miscellaneous

Free Float
7,249,000
Market Cap
$5.57 million
Optionable
Not Optionable
Beta
0.61
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PXMD Stock Analysis - Frequently Asked Questions

Should I buy or sell PaxMedica stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PaxMedica in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" PXMD shares.
View PXMD analyst ratings
or view top-rated stocks.

What is PaxMedica's stock price target for 2024?

1 Wall Street analysts have issued 12 month target prices for PaxMedica's stock. Their PXMD share price targets range from $3.00 to $3.00. On average, they expect the company's stock price to reach $3.00 in the next year. This suggests a possible upside of 334.7% from the stock's current price.
View analysts price targets for PXMD
or view top-rated stocks among Wall Street analysts.

How have PXMD shares performed in 2024?

PaxMedica's stock was trading at $0.7570 at the beginning of the year. Since then, PXMD stock has decreased by 8.8% and is now trading at $0.6901.
View the best growth stocks for 2024 here
.

Are investors shorting PaxMedica?

PaxMedica saw a increase in short interest in the month of April. As of April 15th, there was short interest totaling 637,700 shares, an increase of 377.0% from the March 31st total of 133,700 shares. Based on an average trading volume of 2,330,000 shares, the short-interest ratio is presently 0.3 days. Currently, 9.4% of the shares of the company are short sold.
View PaxMedica's Short Interest
.

When is PaxMedica's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 20th 2024.
View our PXMD earnings forecast
.

When did PaxMedica's stock split?

PaxMedica's stock reverse split on the morning of Tuesday, October 31st 2023. The 1-17 reverse split was announced on Monday, October 30th 2023. The number of shares owned by shareholders was adjusted after the closing bell on Monday, October 30th 2023. An investor that had 100 shares of stock prior to the reverse split would have 6 shares after the split.

When did PaxMedica IPO?

PaxMedica (PXMD) raised $9 million in an initial public offering on Friday, August 26th 2022. The company issued 1,600,000 shares at $4.50-$6.50 per share. Craft Capital Management and R.F.Lafferty & Co. acted as the underwriters for the IPO.

How do I buy shares of PaxMedica?

Shares of PXMD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:PXMD) was last updated on 5/1/2024 by MarketBeat.com Staff

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