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NASDAQ:PXMD

PaxMedica (PXMD) Stock Price, News & Analysis

$0.28
+0.04 (+16.67%)
(As of 07/26/2024 ET)
Today's Range
$0.21
$0.31
50-Day Range
$0.21
$0.36
52-Week Range
$0.20
$12.92
Volume
201,140 shs
Average Volume
1.12 million shs
Market Capitalization
$2.18 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$3.00
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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Earlier this year one legendary trader captured a 1,129% win (in just 2 days) ... LIVE in front of thousands of Americans...
NEW AI developed by trader who won 1,129% (in 2 days)
Earlier this year one legendary trader captured a 1,129% win (in just 2 days) ... LIVE in front of thousands of Americans...
Nasdaq Down 300 Points; BlackRock Posts Upbeat Earnings
Why Is PaxMedica (PXMD) Stock Up 93% Today?
Why Is PaxMedica (PXMD) Stock Up 93% Today?
See More Headlines
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Company Calendar

Last Earnings
5/13/2024
Today
7/26/2024
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
+971.4%
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
7,702,000
Market Cap
$2.18 million
Optionable
Not Optionable
Beta
-0.51
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PXMD Stock Analysis - Frequently Asked Questions

How have PXMD shares performed this year?

PaxMedica's stock was trading at $0.7570 on January 1st, 2024. Since then, PXMD stock has decreased by 63.0% and is now trading at $0.28.
View the best growth stocks for 2024 here
.

How were PaxMedica's earnings last quarter?

PaxMedica, Inc. (NASDAQ:PXMD) released its quarterly earnings results on Monday, May, 13th. The company reported ($0.50) earnings per share for the quarter, missing analysts' consensus estimates of ($0.43) by $0.07.

When did PaxMedica's stock split?

Shares of PaxMedica 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 (IPO) 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 7/27/2024 by MarketBeat.com Staff

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