Prax.O
PRAX.O is a biotechnology company within the Health Care sector that currently reports zero revenue and operates with a negative operating income, relying on equity financing and cash reserves to fund its activities.
Business. PRAX.O is a biotechnology company within the Health Care sector that currently reports zero revenue and operates with a negative operating income, relying on equity financing and cash reserves to fund its activities.
Analyst recommendations
19 analysts · consensus BuyAt a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
News & coverage
0Sector rotation
Developing storylines
Analysis
AI analysisOpportunity
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Company
- EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
PRAX.O is a biotechnology company within the Health Care sector that currently reports zero revenue and operates with a negative operating income, relying on equity financing and cash reserves to fund its activities.
The company maintains a conservative capital structure with a debt-to-equity ratio of 0.0, indicating no interest-bearing debt on the balance sheet. Total equity stands at $878.1 million, supported by cash and equivalents of $357.3 million against total assets of $937.9 million. The current ratio is not explicitly provided, but the absence of debt and significant cash holdings suggest adequate short-term liquidity, consistent with the "low" liquidity risk assessment. The market capitalization is $7.76 billion, resulting in a price-to-book ratio of 8.83, which reflects the market's premium on the company's intangible assets and future potential rather than current book value.
Profitability metrics are negative, with a return on equity of -34.54% and a return on assets of -32.33%, driven by an operating income of -$326.2 million and net income of -$303.3 million. The company reports zero revenue, indicating it is in a pre-commercial or early-stage development phase. The negative EV/EBITDA of -22.68 is not meaningful in a traditional valuation context due to the lack of earnings. These figures are typical for early-stage biotechnology firms that prioritize research and development over immediate profitability.
- The company has zero revenue and negative profitability, typical of early-stage biotechnology firms.
- Strong balance sheet with $357.3 million in cash and no debt, resulting in low liquidity and dilution risks.
- High market valuation with a P/B ratio of 8.83 and market cap of $7.76 billion, reflecting future growth expectations.
- Bullish analyst sentiment with a mean price target of $603.89 and strong buy/buy recommendations dominating.
- Lack of historical financial data and segment details limits deeper fundamental analysis.
Bull / Bear case
analysis pipelineIn focus — financials by report
Operating income −41,7% YoY; Net income −33,6% YoY.
- ▍Operating income −41,7% YoY
- ▍Net income −33,6% YoY
- ▍Free cash flow −33,7% YoY
Revenue $0.00, −100,0% YoY; Operating income −51,7% YoY.
- ▍Revenue $0.00, −100,0% YoY
- ▍Operating income −51,7% YoY
- ▍Net income −51,5% YoY
- ▍Free cash flow −51,7% YoY
Revenue $0.00; Operating income -$76.1M.
- ▍Revenue $0.00
- ▍Operating income -$76.1M
Revenue $0.00; Operating income -$74.7M.
- ▍Revenue $0.00
- ▍Operating income -$74.7M
Revenue $7.5M; Operating income -$64.0M.
- ▍Revenue $7.5M
- ▍Operating income -$64.0M
- ▍Net margin -786.3%
Revenue $302.0k; Operating income -$56.8M.
- ▍Revenue $302.0k
- ▍Operating income -$56.8M
- ▍Net margin -17188.7%
Revenue $0.00, −100,0% YoY; Operating income −63,0% YoY.
- ▍Revenue $0.00, −100,0% YoY
- ▍Operating income −63,0% YoY
- ▍Net income −65,9% YoY
- ▍Free cash flow −66,2% YoY
Revenue $8.6M, +249,5% YoY; Operating income −58,4% YoY.
- ▍Revenue $8.6M, +249,5% YoY
- ▍Operating income −58,4% YoY
- ▍Net income −48,3% YoY
- ▍Free cash flow −48,4% YoY
- ▍Net margin -2137.5%
Revenue $2.4M; Operating income +41,2% YoY.
- ▍Revenue $2.4M
- ▍Operating income +41,2% YoY
- ▍Net income +42,4% YoY
- ▍Free cash flow +42,6% YoY
- ▍Net margin -5037.9%
Operating income −28,5% YoY; Net income −28,1% YoY.
- ▍Operating income −28,5% YoY
- ▍Net income −28,1% YoY
- ▍Free cash flow −27,5% YoY
Operating income -$167.3M.
- ▍Operating income -$167.3M
Valuation TTM
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | -15,16 |
| Revenue | —no estimate | —no estimate | 2,6M USD |
| Operating income | —no estimate | —no estimate | -477,8M USD |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- No immediate filing-based liquidity or dilution flags were detected.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Derivative transactions
- Director · Stock Option (Right to Buy) → Common StockDisposed 8 566 @ $44,25exercise · 2026-06-24
- Director · Stock Option (Right to Buy) → Common StockDisposed 3 034 @ $147,30exercise · 2026-06-24
- Director · Stock Option (Right to Buy) → Common StockAcquired 648 @ $240,66grant · 2026-06-10
- Director · Stock Option (Right to Buy) → Common StockAcquired 648 @ $240,66grant · 2026-06-10
- Director · Stock Option (Right to Buy) → Common StockAcquired 648 @ $240,66grant · 2026-06-10
- Director · Stock Option (Right to Buy) → Common StockAcquired 648 @ $240,66grant · 2026-06-10
- Director · Stock Option (Right to Buy) → Common StockAcquired 648 @ $240,66grant · 2026-06-10
- Director · Stock Option (Right to Buy) → Common StockAcquired 648 @ $240,66grant · 2026-06-10
- Director · Stock Option (Right to Buy) → Common StockAcquired 648 @ $240,66grant · 2026-06-10
- Director · Stock Option (Right to Buy) → Common StockAcquired 648 @ $240,66grant · 2026-06-10
- Director · Stock Option (Right to Buy) → Common StockAcquired 224 @ $319,57grant · 2026-02-06
- Director · Stock Option (Right to Buy) → Common StockAcquired 224 @ $319,57grant · 2026-02-06
- Chief Financial Officer · Stock Option (Right to Buy) → Common StockAcquired 7 040 @ $294,38grant · 2026-01-08
- General Counsel and Secretary · Stock Option (Right to Buy) → Common StockAcquired 5 500 @ $294,38grant · 2026-01-08
- Principal Accounting Officer · Stock Option (Right to Buy) → Common StockAcquired 7 500 @ $294,38grant · 2026-01-08
- Director, Chief Executive Officer · Stock Option (Right to Buy) → Common StockAcquired 22 110 @ $294,38grant · 2026-01-08
- Chief Operating Officer · Stock Option (Right to Buy) → Common StockAcquired 7 700 @ $294,38grant · 2026-01-08
Actions
Ask Handelsavisen
- Reference data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Cash Conversion Ratiooperating_cash_flow / net_income
- Market Priceinput from market-data provider (delayed close or quote-shim mid)
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Return On Equitynet_income / total_equity
- Market Capmarket_price * shares_outstanding_diluted
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- PRAXIS PRECISION MEDICINES, INC. Market data — financials · 2026-08-02
- Praxis Precision Medicines Inc Market data — analyst estimates · 2026-08-02
- Praxis Precision Medicines Inc Market data — ESG · 2026-08-02
- PRAX.O HA canonical relationships · 2026-08-02
Ownership & reference
Top holders
- Investment Managers · as of 2026-03-310,04 %$0M
- Institutional Investor · as of 2026-03-310,04 %$696M
- Investment Managers · as of 2026-03-310,03 %$229M
- Investment Managers · as of 2026-03-310,02 %$0M
- Investment Managers · as of 2026-03-310,02 %$89M
- Investment Managers · as of 2026-03-310,02 %$41M
- Investment Managers · as of 2026-03-310,02 %$269M
- Institutional Investor · as of 2026-03-310,01 %$27M
- Investment Managers · as of 2026-03-310,01 %$210M
- Investment Managers · as of 2026-03-310,01 %$69M
- Investment Managers · as of 2026-03-310,01 %$56M
- Investment Managers · as of 2026-03-310,01 %$285M
- Investment Managers · as of 2026-03-310,01 %$73M
- Investment Managers · as of 2026-03-310,01 %$19M
- Investment Managers · as of 2026-03-310,01 %$11M
- Investment Managers · as of 2024-12-310,01 %$24M
- Investment Managers · as of 2025-12-310,01 %$431M
- Investment Managers · as of 2026-03-310,01 %$35M
- Institutional Investor · as of 2026-03-310,01 %$28M
- Funds · as of 2026-03-310,00 %$20M
- Investment Managers · as of 2026-03-310,00 %$5M
- Investment Managers · as of 2026-03-310,00 %$8M
- Institutional Investor · as of 2026-03-310,00 %$10M
- Investment Managers · as of 2026-03-310,00 %$10M
- Investment Managers · as of 2024-06-300,00 %$54M
- Institutional Investor · as of 2026-03-310,00 %$2M
- Brokerage Firms · as of 2026-03-310,00 %$4M
- Brokerage Firms · as of 2026-03-310,00 %$2M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Institutional Investor · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
Insider activity
- Director, Chief Executive Officer · Common StockOther 2 600 · 2026-07-08
- Director, Chief Executive Officer · Common StockOther 20 521 · 2026-07-08
- Director · Common StockOther 3 034 @ $147,30$447K · 2026-06-24
- Director · Common StockSold 837 @ $315,70$264K · 2026-06-24
- Director · Common StockSold 1 279 @ $314,90$403K · 2026-06-24
- Director · Common StockSold 504 @ $313,66$158K · 2026-06-24
- Director · Common StockSold 1 004 @ $312,83$314K · 2026-06-24
- Director · Common StockSold 2 854 @ $311,91$890K · 2026-06-24
- Director · Common StockSold 1 750 @ $310,89$544K · 2026-06-24
- Director · Common StockSold 999 @ $309,38$309K · 2026-06-24
- Director · Common StockSold 1 240 @ $308,24$382K · 2026-06-24
- Director · Common StockSold 683 @ $306,77$210K · 2026-06-24
- Director · Common StockSold 10 @ $301,44$3K · 2026-06-24
- Director · Common StockSold 320 @ $305,31$98K · 2026-06-24
- Director · Common StockSold 120 @ $303,13$36K · 2026-06-24
- Director · Common StockOther 8 566 @ $44,25$379K · 2026-06-24
- Director · Common StockOther 1 371 · 2026-06-10
- Director · Common StockOther 1 371 · 2026-06-10
- Director · Common StockOther 1 371 · 2026-06-10
- Director · Common StockOther 1 371 · 2026-06-10
- Director · Common StockOther 1 371 · 2026-06-10
- Director · Common StockOther 1 371 · 2026-06-10
- Director · Common StockOther 1 371 · 2026-06-10
- Director · Common StockOther 1 371 · 2026-06-10
- Principal Accounting Officer · Common StockOther 127 @ $167,94$21K · 2026-05-14
Short positioning
Geographic breakdown
Intel & risk
Evidence & claims
From filings & derived data- Cash & equivalents (YoY) (2025-12-31 vs 2024-12-31): 65.9%Derived (calculated)
- Return on equity (FY 2025-12-31): -34.5%Derived (calculated)
- Return on assets (FY 2025-12-31): -32.3%Derived (calculated)
- Current ratio (FY 2025-12-31): 10.22xDerived (calculated)
- Debt-to-equity (FY 2025-12-31): 0.07xDerived (calculated)
- EPS (basic) (YoY) (2025-12-31 vs 2024-12-31): -32.0%Derived (calculated)
- EPS (diluted) (YoY) (2025-12-31 vs 2024-12-31): -32.0%Derived (calculated)
- Net income (YoY) (2025-12-31 vs 2024-12-31): -65.6%Derived (calculated)
- Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): -89.0%Derived (calculated)
- Operating income (YoY) (2025-12-31 vs 2024-12-31): -63.0%Derived (calculated)
- R&D expense (YoY) (2025-12-31 vs 2024-12-31): 75.3%Derived (calculated)
- Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): 97.1%Derived (calculated)
- Total assets (YoY) (2025-12-31 vs 2024-12-31): 94.1%Derived (calculated)
- Total liabilities (YoY) (2025-12-31 vs 2024-12-31): 58.7%Derived (calculated)
- Revenue (YoY) (2025-12-31 vs 2024-12-31): -100.0%Derived (calculated)
- Current liabilities (annual): USD 59.77MSEC XBRL filing
- Current assets (annual): USD 610.91MSEC XBRL filing
- Shares outstanding (annual): 25.2MSEC XBRL filing
- Operating cash flow (annual): USD -249.07MSEC XBRL filing
- Total operating expenses (annual): USD 326.2MSEC XBRL filing
- Net income (annual): USD -303MSEC XBRL filing
- EPS (basic) (annual): USD-PER-SHARES -13SEC XBRL filing
- Cash & equivalents (annual): USD 357.33MSEC XBRL filing
- Revenue (annual): USD 0SEC XBRL filing