Praxis Net Invested Capital vs Capital Stock Analysis

PRAX Stock  USD 71.14  3.99  5.31%   
Praxis Precision financial indicator trend analysis is much more than just breaking down Praxis Precision Med prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Praxis Precision Med is a good investment. Please check the relationship between Praxis Precision Net Invested Capital and its Capital Stock accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Praxis Precision Medicines. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Net Invested Capital vs Capital Stock

Net Invested Capital vs Capital Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Praxis Precision Med Net Invested Capital account and Capital Stock. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Praxis Precision's Net Invested Capital and Capital Stock is 0.51. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Capital Stock in the same time period over historical financial statements of Praxis Precision Medicines, assuming nothing else is changed. The correlation between historical values of Praxis Precision's Net Invested Capital and Capital Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Invested Capital of Praxis Precision Medicines are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Net Invested Capital i.e., Praxis Precision's Net Invested Capital and Capital Stock go up and down completely randomly.

Correlation Coefficient

0.51
Relationship DirectionPositive 
Relationship StrengthWeak

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Capital Stock

The total amount of a company's capital funded by shareholders through the issue and subscription of shares.
Most indicators from Praxis Precision's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Praxis Precision Med current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Praxis Precision Medicines. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Enterprise Value is likely to rise to about 116.3 M in 2024, despite the fact that Tax Provision is likely to grow to (4.3 K).
 2023 2024 (projected)
Depreciation And Amortization432K240.9K
Interest Income161K155.8K

Praxis Precision fundamental ratios Correlations

0.870.761.00.740.980.68-0.91-0.480.530.920.62-0.82-0.071.00.750.490.950.810.720.740.980.651.00.47-0.22
0.870.970.820.790.860.94-0.62-0.70.840.650.91-0.59-0.50.850.880.60.910.970.850.970.860.910.860.58-0.28
0.760.970.690.750.750.95-0.48-0.730.950.520.93-0.51-0.60.730.860.570.860.990.841.00.750.920.750.55-0.26
1.00.820.690.70.970.61-0.93-0.420.450.950.54-0.830.011.00.710.460.920.750.680.680.980.581.00.44-0.2
0.740.790.750.70.710.83-0.64-0.820.610.680.79-0.69-0.470.730.840.790.860.710.790.750.690.850.730.77-0.54
0.980.860.750.970.710.66-0.9-0.540.550.920.59-0.87-0.140.980.820.560.950.810.810.741.00.650.980.54-0.26
0.680.940.950.610.830.66-0.39-0.790.880.421.0-0.4-0.710.650.860.650.790.910.820.960.650.990.670.63-0.34
-0.91-0.62-0.48-0.93-0.64-0.9-0.390.31-0.26-0.99-0.30.93-0.21-0.92-0.62-0.38-0.85-0.56-0.59-0.46-0.91-0.38-0.91-0.360.13
-0.48-0.7-0.73-0.42-0.82-0.54-0.790.31-0.72-0.38-0.770.530.81-0.46-0.87-0.95-0.69-0.68-0.88-0.74-0.52-0.85-0.47-0.940.75
0.530.840.950.450.610.550.88-0.26-0.720.290.87-0.35-0.690.510.770.50.70.920.770.950.550.840.530.48-0.22
0.920.650.520.950.680.920.42-0.99-0.380.290.34-0.950.160.930.640.460.870.590.620.50.920.420.930.43-0.23
0.620.910.930.540.790.591.0-0.3-0.770.870.34-0.31-0.750.590.820.620.730.880.780.950.580.980.610.6-0.34
-0.82-0.59-0.51-0.83-0.69-0.87-0.40.930.53-0.35-0.95-0.31-0.02-0.83-0.71-0.6-0.86-0.56-0.72-0.49-0.86-0.42-0.82-0.570.36
-0.07-0.5-0.60.01-0.47-0.14-0.71-0.210.81-0.690.16-0.75-0.02-0.05-0.62-0.68-0.29-0.51-0.64-0.63-0.12-0.76-0.06-0.690.53
1.00.850.731.00.730.980.65-0.92-0.460.510.930.59-0.83-0.050.740.480.940.790.710.720.980.631.00.46-0.21
0.750.880.860.710.840.820.86-0.62-0.870.770.640.82-0.71-0.620.740.790.90.840.990.860.80.90.750.78-0.42
0.490.60.570.460.790.560.65-0.38-0.950.50.460.62-0.6-0.680.480.790.650.530.810.580.530.720.491.0-0.88
0.950.910.860.920.860.950.79-0.85-0.690.70.870.73-0.86-0.290.940.90.650.880.880.850.950.790.940.62-0.32
0.810.970.990.750.710.810.91-0.56-0.680.920.590.88-0.56-0.510.790.840.530.880.830.980.810.860.80.51-0.21
0.720.850.840.680.790.810.82-0.59-0.880.770.620.78-0.72-0.640.710.990.810.880.830.850.790.870.720.79-0.45
0.740.971.00.680.750.740.96-0.46-0.740.950.50.95-0.49-0.630.720.860.580.850.980.850.740.930.730.56-0.27
0.980.860.750.980.691.00.65-0.91-0.520.550.920.58-0.86-0.120.980.80.530.950.810.790.740.640.980.51-0.23
0.650.910.920.580.850.650.99-0.38-0.850.840.420.98-0.42-0.760.630.90.720.790.860.870.930.640.640.71-0.41
1.00.860.751.00.730.980.67-0.91-0.470.530.930.61-0.82-0.061.00.750.490.940.80.720.730.980.640.46-0.21
0.470.580.550.440.770.540.63-0.36-0.940.480.430.6-0.57-0.690.460.781.00.620.510.790.560.510.710.46-0.89
-0.22-0.28-0.26-0.2-0.54-0.26-0.340.130.75-0.22-0.23-0.340.360.53-0.21-0.42-0.88-0.32-0.21-0.45-0.27-0.23-0.41-0.21-0.89
Click cells to compare fundamentals

Praxis Precision Account Relationship Matchups

Praxis Precision fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets47.7M303.2M292.7M115.1M87.9M158.9M
Other Current Liab3.5M10.9M22.5M14.8M8.9M11.4M
Total Current Liabilities6.8M15.7M37.6M35.5M15.7M21.4M
Total Stockholder Equity40.1M287.5M250.8M76.1M69.7M135.5M
Net Tangible Assets(81.0M)287.5M250.8M76.1M87.5M108.3M
Property Plant And Equipment Net1.6M836K4.9M3.9M2.7M2.5M
Net Debt(43.4M)(295.8M)(134.4M)(57.1M)(78.8M)(82.7M)
Retained Earnings(81.0M)(149.6M)(316.6M)(530.6M)(653.9M)(621.2M)
Accounts Payable2.7M4.1M10.8M14.7M5.8M7.6M
Cash44.8M296.6M138.7M61.6M81.3M117.5M
Non Current Assets Total2.2M851K5.3M4.3M3.1M3.0M
Non Currrent Assets Other620K15K472K416K374.4K338.5K
Other Assets620K769K472K416K374.4K460.3K
Cash And Short Term Investments44.8M296.6M275.9M100.5M81.3M149.8M
Common Stock Shares Outstanding1.1M2.6M2.8M3.1M6.6M6.9M
Liabilities And Stockholders Equity47.7M303.2M292.7M115.1M87.9M158.9M
Non Current Liabilities Total763K4.9M4.3M3.5M2.5M2.9M
Capital Lease Obligations1.5M763K4.3M3.5M2.5M2.3M
Other Current Assets681K5.7M11.5M10.4M3.6M6.1M
Other Stockholder Equity(121.1M)437.0M567.6M606.9M723.6M406.0M
Total Liab7.6M15.7M41.9M39.0M18.3M23.4M
Net Invested Capital(81.0M)287.5M250.8M76.1M69.7M103.0M
Property Plant And Equipment Gross1.6M836K4.9M3.9M3.7M2.7M
Total Current Assets45.5M302.3M287.4M110.8M84.9M155.8M
Accumulated Other Comprehensive Income(38K)(303.2M)(176K)(173K)(155.7K)(163.5K)
Net Working Capital38.7M286.6M249.0M76.5M69.1M134.5M
Property Plant Equipment1.6M836K4.9M971K1.1M1.8M

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