Praxis Precision Medicines Stock Piotroski F Score

PRAX Stock  USD 71.00  4.13  5.50%   
This module uses fundamental data of Praxis Precision to approximate its Piotroski F score. Praxis Precision F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Praxis Precision Medicines. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Praxis Precision financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Praxis Precision Altman Z Score, Praxis Precision Correlation, Praxis Precision Valuation, as well as analyze Praxis Precision Alpha and Beta and Praxis Precision Hype Analysis.
  
At this time, Praxis Precision's Short and Long Term Debt Total is fairly stable compared to the past year. Debt To Equity is likely to rise to 0.03 in 2024, whereas Net Debt is likely to drop (82.7 M) in 2024. At this time, Praxis Precision's Payables Turnover is fairly stable compared to the past year. Current Ratio is likely to rise to 8.39 in 2024, whereas PTB Ratio is likely to drop 1.62 in 2024.
At this time, it appears that Praxis Precision's Piotroski F Score is Frail. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
3.0
Piotroski F Score - Frail
Current Return On Assets

Negative

Focus
Change in Return on Assets

Decreased

Focus
Cash Flow Return on Assets

Negative

Focus
Current Quality of Earnings (accrual)

Improving

Focus
Asset Turnover Growth

Decrease

Focus
Current Ratio Change

Increase

Focus
Long Term Debt Over Assets Change

N/A

Focus
Change In Outstending Shares

Increase

Focus
Change in Gross Margin

No Change

Focus

Praxis Precision Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Praxis Precision is to make sure Praxis is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Praxis Precision's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Praxis Precision's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.02220.025
Fairly Down
Slightly volatile
Total Current Liabilities21.4 M15.7 M
Significantly Up
Slightly volatile
Non Current Liabilities Total2.9 M2.5 M
Fairly Up
Slightly volatile
Total Assets158.9 M87.9 M
Way Up
Slightly volatile
Total Current Assets155.8 M84.9 M
Way Up
Slightly volatile

Praxis Precision Med F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between Praxis Precision's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Praxis Precision in a much-optimized way.

About Praxis Precision Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Book Value Per Share

10.04

At this time, Praxis Precision's Book Value Per Share is fairly stable compared to the past year.

Praxis Precision ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Praxis Precision's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Praxis Precision's managers, analysts, and investors.
Environmental
Governance
Social

About Praxis Precision Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Praxis Precision Medicines's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Praxis Precision using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Praxis Precision Medicines based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

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Additional Tools for Praxis Stock Analysis

When running Praxis Precision's price analysis, check to measure Praxis Precision's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Praxis Precision is operating at the current time. Most of Praxis Precision's value examination focuses on studying past and present price action to predict the probability of Praxis Precision's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Praxis Precision's price. Additionally, you may evaluate how the addition of Praxis Precision to your portfolios can decrease your overall portfolio volatility.